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(1) Rate Methodology. The City has conducted extensive research and analysis documenting the procedures for measuring the impact of new developments on public facilities, has prepared the “Rate Study for Transportation Impact Fees, City of Covington” dated 2009 (“rate study”), as may be amended from time to time, and incorporates that rate study into this chapter by this reference. The rate study utilizes a methodology (or formula) for calculating impact fees that fulfills all of the requirements of RCW 82.02.060(1). A copy of the rate study shall be kept on file with the City Clerk and is available to the public for review.

(2) Transportation Impact Fee Schedule.

(a) The City’s transportation impact fee schedule is generated from the formula for calculating impact fees set forth in the rate study adopted in subsection (1) of this section (Rate Methodology).

(b) The Department shall establish the traffic impact fee rate for a land use that is not listed in the transportation impact fee schedule.

(c) The fee payer shall submit all information requested by the Department for purposes of determining the impact fee rate pursuant to this section.

(d) Alternatively, the transportation impact fee schedule may be amended by a City Council resolution.

(3) For mixed-use developments, traffic impact fees shall be imposed for the proportionate share of each land use based on the applicable measurement in the traffic impact as set forth in the traffic impact fee schedule. (Ord. 16-16 § 1 (Exh. A))