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02-03-2015 Temporary Suspension of TIFCIT Federal Wa Temporary Suspension of Transportation Impact Fee (TIF) for Change in Use CITY COUNCIL January 20, 2015 4/27/2021 CIT Federal Wa 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 CIT Federal Wa 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 $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 CIT Federal Wa 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 CIT Federal Wa 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 CIT Federal Wa 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 C