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01-20-2015 TIF CITY OF ,� Federal Wal Temporary Suspension of Transportation Impact Fee (TIF) for Change in Use ciTv couNciL January 20, 2015 'k CITY OF 1 1 e eraWal� How will change in use be handled? The impact fee for change in use would be assessed based on the difference of the fees. 4/27/2021 2 CITY OF 1 1 Federal Example: Convert an existing 1,450 SF Retail to a Fast Food Restaurant (Little Caesar's Pizza) Land Use ITE Land Unit of Impact Total Fee Use Code Measure Fee Rate Fast Food Restaurant - (Proposed 934 Sf/GFA $29.79 $43,196 Use) Specialty Retail - (Existing Use - 814 Sf/GFA $2.03 $21944 Credit) Total Impact Fee Payment $40,252 Example: Convert an existing 3,800 SF Retail/Shopping Center to a Medical Dental (Comfort Dental) Land Use ITE Land Unit of Impact Total Fee Use Code Measure Fee Rate Medical/Dental Office - (Proposed 720 Sf/GFA $9.14 $34,723 Use) Shopping Center/Retail - 820 Sf/GFA $5.01 $19,038 (Existing Use - Credit) Total Impact Fee Payment $15,694 4/27/2021 3 CITY OF Aw*k*� 1 1 Federal How will change is use be handled under the proposed suspension? Applicant will not pay Transportation Impact Fees for change in use. However, impact fee payment will be required for any portion of the project that expand the gross floor area of an existing building. 4/27/2021 4 CITY OF 1 1 Federal Example: Convert an existing 1,450 SF Retail to a Fast Food Restaurant (Little Caesar's pizza) Land Use ITE Land Unit of Impact Total Fee Use Code Measure Fee Rate Fast Food Restaurant— (Proposed 934 Sf/GFA $29.79 $43,196 Use) Specialty Retail — (Existing Use — 814 Sf/GFA $2.03 $2,944 Credit) Total Impact Fee Payment with Change in Use suspension $0.00 Example: Convert an existing 3,800 SF Retail/Shopping Center to a Medical Dental (Comfort Dental) Land Use ITE Land Unit of Impact Total Fee Use Code Measure Fee Rate Medical/Dental Office - (Proposed 720 Sf/GFA $9.14 $34,723 Use) Shopping Center/Retail — 820 Sf/GFA $5.01 $19,038 (Existing Use - Credit) Total Impact Fee Payment $0.00 4/27/2021 5 CITY OF �. Federal Wal LUTC Recommendation Option 2 Modified the Mayor's recommendation from three (3) years to one (1) year. Track projects and report back to LUTC on status at the end of the year. 4/27/2021 6