Agenda Packet 10-15-18 Work Session

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October 15, 2018, Work Session – Item 1 by each development. Alternatively an annual financial cap may be set for the proposed incentives. For ADUs an annual cap of $20,000 would allow approximately 10 ADUs to receive the 100 percent reduction. An annual cap of $130,000 for location-based, transit proximity, and transportation demand management incentives combined with the annual cap of $20,000 for ADUs would be less than 3 percent of the annual estimated TSDC revenue. The amount of the financial caps could be indexed annually to the Engineering News Record Construction Cost Index. RELATED CITY POLICIES Growth Management Policy 14, adopted by Resolution No. 4554, is directly related to implementation and modification of SDCs. The policy provides: Development shall be required to pay the full cost of extending infrastructure and services, except that the City will examine ways to subsidize the costs of providing infrastructure or offer other incentives that support higher-density, in-fill, mixed-use, and redevelopment. Envision Eugene Pillars – Promote compact urban development and efficient transportation options. Transportation System Plan – Goal 1 – Create an integrated transportation system that is safe and efficient; supports the Metro Plan’s land use diagram; Envision Eugene, a community vision for 2032 (2012), the City of Eugene’s target for a 50 percent reduction in fossil fuel consumption; and other City land use and economic development goals; reduces the reliance on single-occupancy automobiles; and enhances community livability. COUNCIL OPTIONS The City Council may: 1. Direct the City Manager to amend the modifications of TSDC methodology and schedule action by the City Council at a future council meeting. 2. Accept the modifications of the TSDC methodology as presented during the public hearing and schedule action at a future council meeting. 3. Defer any action on the modifications of the TSDC methodology. CITY MANAGER’S RECOMMENDATION The City Manager recommends that the City Council direct the City Manager to amend the modifications to the transportation system development charge methodology in response to the comments received at the public hearing and the concerns raised by the City Council. The amendments include phasing in the rate increase over two years, increasing the accessory dwelling unit reduction from 50 percent to 100 percent, and setting an annual financial cap for the proposed incentives