3.811 Methodology for Calculation of the SSDC.
(1) The methodology for the street system development charge (SSDC) is based on future capacity-increasing capital improvements as identified in the City’s Capital Improvement Plan for the Street System Development Charge Fund, and on planning criteria as identified in the most recent report entitled, “City of Medford Transportation System Plan.” The SDC eligible project list is available for review through Public Works Engineering.
(2) The formula for calculating the SSDC fee is first determined by dividing the total capital improvement plan costs which increase capacity by the total expected trip ends due to growth. For individual developments, the average daily vehicle trips is multiplied by the trip factor by the calculated vehicle trip rate.
(3) The average daily vehicle trips and new trip factor to be used for attributable new travel shall be as set forth in Table 3.1 entitled “Table of Values for Determining Attributable New Travel.” The Category of Use shall be determined in accordance with the principles of classification set forth in Section 3.814 and the definitions set forth in Section 3.816.
(4) Credit shall be given for construction of improvements that meet all the following criteria:
(a) The improvement was a required or negotiated condition of development approval; and
(b) The improvement is part of the City’s SDC project list; and
(c) The improvement provides more capacity than is needed for the applicant’s own development; and
(d) The amount of the credit shall not exceed the SDC portion that is budgeted on the project list for that improvement.
(5) The SDC dollar value per trip-end as established in the most recent fee schedule approved by resolution of the City Council shall be adjusted July 1st each year by the January to January Engineering News-Record Construction Cost Index (ENR-CCI). The adjustment applies to both the SDC fee and the SDC credit.
(6) Changes in the SSDC rate shall be applied to development applications and building permits as follows:
(a) Any complete application for a building permit for a project which has received the required approvals, such as Site Plan and Architectural Commission or Planning Commission approvals, and which has been entered into the City’s computerized building permit system prior to the effective date of the change, or is submitted by 5:00 p.m. of the previous business day, will be charged the old SSDC rate. All others shall be charged the new rate.