Bill Type and Number: Ordinance 2007-418

Sponsor: TEUS Committee

Date of Introduction: April 24, 2007

Committee(s) of Reference: TEUS

Date of Analysis: April 27, 2007

Type of Action: Approval of fair share assessment

Bill Summary: This bill approves a fair share assessment contract with Pinpoint Properties, Inc. for the "Yellow Bluff Station #3 – Bank Site” commercial project.

Background Information: The Yellow Bluff Station #3 Bank Site project consists of a 4,500 square foot bank building with 4 drive-through lanes on 1.11 acres located on the east side of Yellow Bluff Road, between New Berlin Road and Burkit Lane on the Northside. The fair share assessment is $539,112 with a 5-year term. Concurrency Review estimated the total number of peak hour trips being generated on various deficit links in Sector 6.1 as follows:

• 17 trips on link #374 – New Berlin Road from Pulaski Road to Yellow Bluff Road
• 5 trips on link #375 – New Berlin Road from Yellow Bluff Road to Cedar Point Road
• 14 trips on link #383 – Yellow Bluff Road from Starratt Road to New Berlin Road
• 72 trips on link #385 – Yellow Bluff Road from New Berlin Road to Rushing Branch Road
• 72 trips on link #386 – Alta Drive from Rushing Branch Road to Faye Road
• 64 trips on link #559 – Alta Drive from Faye Road to State Road 9-A

The inflation rate is 3.3% for each year the amount is unpaid. The project will be in Council District 11.

Policy Impact Area: Fair share assessment

Fiscal Impact: The fair share assessment is $539,112 to the Sector 6.1 account.

Analyst: Clements