14.295.080 Street System Capacity Requirements.
A. All developments must mitigate their impact upon the future capacity of the street system either by constructing off-site street improvements, which offset the traffic impacts of the development, or by paying the development’s proportionate share cost of the future capacity improvements.
B. Construction Option.
1. If a developer chooses to mitigate the development’s impact to the street system capacity by constructing off-site street improvements, the developer must investigate the impact, identify improvements, and offer a construction plan to the City Engineer for construction of the off-site improvements.
2. When two (2) or more developers have agreed to fully fund a certain improvement, the proportionate sharing of the costs shall be on any basis that the developers agree among themselves would be equitable. Under such an arrangement, the terms of the agreement shall be binding on each development as a condition of approval.
3. Any developer who volunteers to construct more than the development’s share of the cost of off-site improvements may apply for a reimbursement contract.
C. Payment Option.
1. If a developer chooses to mitigate the development’s impact by making a proportionate share mitigating payment, the development’s share of the cost of future capacity improvements will be calculated as set forth in SMC 14.295.090.
2. Any developer who volunteers to pay more than the development’s share of the cost of off-site improvements may apply for a reimbursement contract. (Ord. 2391, 2020)