Resolution No. 4740 - Laserfiche WebLink

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2.4.1 Adopted Cost Index SDC fees and credits may be periodically adjusted to account for changes in construction costs and system valuation. The 20-city national average construction cost index, as published by Engineering News-Record (ENR) shall be used when preparing periodic cost index adjustments. 2.4.2 Rate Factors Subject to Administrative Revision SDC fees and credits may be periodically adjusted to account for changes in rate factors incorporated in the established SDC methodologies. Changes in rate factors may occur to account for changes in the systems' characteristics and related factors as noted in the methodologies document specific to the systems' fees and credit rates as reflected in supporting analyses and formulas. 2.5 Expending City of Eugene sDCs The City of Eugene's SDC revenue, except for administrative fees, is comprised of two components: an improvement fee and a reimbursement fee as defined in Eugene Code, 1971 section 7.010. Improvement fee revenue may be spent only on capacity increasing capital improvements or debt related to such improvements. Reimbursement fee revenue may be spent only on capital improvements associated with the systems for which the fees are assessed and debt related to such improvements. Revenue from both types of fees may be expended on direct costs of complying with related state statutes. Major capacity-increasing capital improvements to be constructed using SDC revenue appear in the City's long range plans. The City's long-range plans reflect the anticipated facility needs required to support new development. The needs identified in the long-range plans are generally included in the Capital Improvement Plan (CIP). The CIP also contains repair, replacement, and rehabilitation projects which may be funded in part with SDCs. Given the limits on certain funding sources and the need to address existing as well as future needs, the CIP does not necessarily reflect all the facility needs of new development occurring within the six-year period covered by the CIP. Therefore, the planned expenditures of SDC revenue includes both the expenditures detailed in the CIP and the needs identified in the long- range plans. 3.0 Transportation System Charges The Transportation Systems Development Charge (SDC) is made up of several component~. The costs of these components include the total cost of design, construction, right-of-way acquisition, purchasing, testing, and project administration. The components included in this analysis are: · Collector and arterial streets > Non-assessable linear section construction costs > I ntersection construction costs > Traffic signal costs >> Street Iig ht costs City of Eugene SDC Methodology Page 8