§ 66-179. Calculation of transit fee.

The transit fee shall be calculated pursuant to the following formula:

(A ^U × T ^P ) + (A ^F × T ^P ) + S = T ^F

where;

A U	=	additional dwelling units (for residential land use types);
A F	=	additional floor area of buildings (for non-residential land use types);
T P	=	transit program fee per additional dwelling unit (for residential land use types) or additional floor area of buildings (for non-residential land use types);
S	=	2 percent of (A U × T P ) + (A F × T P ), which is the fee for the Department's administrative cost recovery for this part of the program; and
T F	=	the total transit fee obligation which shall be paid by the property owner.

 

(Ord. No. 97-01, § 2(16.87.080), 1-2-1997; Ord. No. 97-13, § 2, 3-26-1997; Ord. No. 97-17, § 2, 9-24-1997)