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ORD 1985 ORDINANCE NO * t. AN ORDINANCE adopting a traffic impact fee , providing for certain credits and exemptions from impact fees , and revising the procedures for collecting impact fees . WHEREAS , the Council of the City of Camas has heretofore enacted Ordinance No . 1870 , which adopted a schedule of impact fees for public streets and roads , for public parks , open space and recreation facilities , for school facilities , and for fire protection facilities , and WHEREAS , the traffic impact fee component formula was not set forth in Ordinance 1870 at the time of its enactment , and WHEREAS , the Council has concluded its study of traffic impact fees and has created a formula for the imposition of a traffic impact fee , and WHEREAS , the Council further desires to revise the procedures for collection of impact fees , and WHEREAS , the Council also desires to provide for certain credits and exemptions from impact fees , NOW , THEREFORE , be it ordained by the Council of the City of Camas follows . Section I There is hereby added to Section 3 . 88 . 030 of the Camas Municipal Code a new subsection to read as follows . " Low income housing " means a single - family or multi family rental housing development , the construction of which is either undertaken by a housing authority operated pursuant to RCW Chapter 35 . 82 , or financially assisted pursuant to a federal , state , or local governmental low income housing program , provided however , that the term shall apply only to the number of units within such housing development as are required to be rented to low income tenants . Section II Section 3 . 88 . 040 of the Camas Municipal Code is amended to provide as follows : 3 . 88 . 040 - Impact Fee Imposition . There is imposed upon all new development activity within the city an impact fee which shall be calculated by adding the impact fee components , as hereinafter provided for , that are applicable to each such new development activity . The impact fee shall be calculated at the time Ordinance No . ' t7l Page 2 of building permit application , or for developments not necessitating a building permit , at the time of site plan approval . Impact fees shall be paid prior to issuance of a building permit or final. site plan approval . Section III Section 3 . 88 . 060 of the Camas Municipal Code is amended to provide as follows 3 . 88 . 060 - Traffic Impact Fee Formula . The impact fee component for traffic shall be calculated using the following formula . TIF = F x T 1 . " TIF " means the traffic impact component of the total development impact fee . 2 . " F " is the traffic impact fee rate per p . m . peak hour trip . Such rate shall be calculated by means of the following formula . F = Cost of improvements x adjustment x 10 Total additiona _1 trips a . Cost of improvements shall mean the estimated construction costs for roads and streets identified in the Capital Facilities Plan and included in the impact fee calculation . b . Adjustment factor is the percentage of funds required from impact fees , which is 100 % of the impact fee less state and federal grants and less an ad j u s tment of f i f teen ( 15 % ) percent for the portion of anticipated additional tax revenues resulting from the development . c . Total additional trips shall mean the addi - tional traffic generated by the development as estimated by the Regional Transportation Council transportation model . 3 . " T " means the trips generated by a proposed development and calculated according to the Trip Generation Manual , Institute of Transportation Engineers , 5th Edition ., Section IV Section 3 . 88 . 130 of the Camas Municipal Code is amended to provide as follows : 3 . 88 . 130 - Exemptions . Public school districts shall be exempt from impact fees imposed under this chapter . This exemption does not apply to private , parochial or trade schools , colleges , or universities . Section V Section 3 . 88 . 140 of the Camas Municipal Code is amended to provide as follows . Ordinance No . Page 3 3 . 88 . 140 - Credits . A . Development Credit . The owner shall be entitled to a credit against the applicable impact fee component for the value of any dedication of land for , improvements to , or new construction of any system improvements to facilities that are identified in the Capital Facilities Plan and that are required by the City as a condition of approval for the development . That portion of the open space network and related improvements used as a credit for required open space for a project is not eligible for this credit . The amount of the credit shall be determined upon recording of a final plan for a subdivision , recording of a short plat , issuance of a building permit , or upon site plan approval , whichever shall first occur . The amount of the credit shall be indicated on any final plat recorded for a subdivision and any recorded short plat . In the event the amount of any credit exceeds the amount of the impact fee due , the City shall not be required to reimburse the difference to the developer . B . Low Income Housing Credit . A credit of seventy - five ( 75 % ) percent of the total impact fees assessed for parks , open space , fire , transportation and schools shall be given to housing which meets the requirements of low income housing as defined in Section 3 . 88 . 030 . C . Industrial Expansion Credit . Collection of the impact fee for industrial development which is projected to generate annual property taxes in excess of $ 1. 00 , 000 . 00 shall be deferred for three ( 3 ) years . If the industrial development is obligated to pay property taxes in excess of $ 100 , 000 . 00 in the third year of such deferral period , then the developer shall be entitled to a credit against impact fees equal to twenty - five ( 25o ) percent of the total real property taxes paid by such developer during the three ( 3 ) year deferral period . In the event that the credit calculated hereunder exceeds the amount of the impact fee , the City shall have no obligation to reimburse the difference to the developer . Section VI This ordinance shall take force and be in effect five ( 5 ) days from and after its publication according to law . PASSED by the Council and APPROVED by the Mayor this day of Apri 1 , 1994 . SIGNED . 4L`` ayor 14 .r 11 ATTEST . f , Cle APP 0VED ?0OOVs to form . - City Afftorney