The Vail Town Council will consider adoption of a resolution to approve a transportation impact fee schedule at its Tuesday, Nov. 7 meeting. The action item, Resolution No. 29, is listed as 10.1 on the meeting agenda which begins at 3 p.m. in the Vail Town Council Chambers with opportunities for public comment.
The resolution follows Town Council adoption of an amendment to Title 12 of the Vail Town Code to add a new Chapter 26, Transportation Impact Fee, earlier in the year. The proposed transportation impact fee schedule would apply to new developments, including creation of any new residential dwelling units, or any new commercial floor area. The fee would not apply to residential remodels where no additional units are added, or to commercial remodels that do not increase square footage or change use. This new fee would be paid by the owner or developer, and would be collected by the Community Development Department at the time of issuance of a building permit.
Revenues from this fee would be used by the Town of Vail for new transportation-related infrastructure projects that are necessary due to the increased vehicular, pedestrian and bicycle traffic from the incremental new development. Upon adoption of Resolution No. 29, the impact fee rate schedule would potentially go into effect on Jan. 1, 2018.
For more information, view the staff memo or contact Tom Kassmel, project manager, at 970-479-2235 or email@example.com.