HomeMy WebLinkAbout27FRY'S FEE COMPARISON
6122/01
TRANSPORTATION MITIGATION IMPACT FEES
Renton's initial calculation for Transportation Mitigation fees was $101,379.75, or $0.67
per square foot of gross floor area (sf/GFA), based on 1993 zoning news `big box"
retailer rate of 35.76 trips per 1,000 gsf with an assumption of 25% primary trips (not ITE
manual).
t The fee was recalculated based partially on the "big box" retailer rate used above for the
retail portions of the facility (115,200 sf) and the ITE Trip Generation Manual for the
warehouse portion of the building (36,000 sf x 4.96 trips per 1,000 sf). This calculation
resulted in a revised Transportation Mitigation Fee of $90,633.75, which is equivalent to
$0.60 per sf/GFA.
The reduced fee is an average of $1.44 LESS than the typical fee assessed by the
surveyed jurisdictions listed below (fee schedules attached).
JURISDICTION RATE I AKWI I Mr: r i ncclrlr� 1 ,.1
KIRKLAND
$1.81 per sf/GFA
Electronics Su tore
IIv1M 1 - 1 V I NLJ
$273,672.00
BELLEVUE
$2.00 r sf/GFA
Retail Warehouse
$302,400.00
REDMOND
$1.42 rsf/GFA
Non-residential
$214,704.00
BOTHELL
$2.94 r sf/GFA
DiscounUDe artment Store
$444,528.00
Average rate
$2.04 ersf/GFA
$308,448.00
OVERALL DEVELOPMENT COSTS
The total amount of development fees estimated for Fry's to develop in Renton, including
Transportation Mitigation fees, Fire Mitigation fees, System Development Charges, and
channelization improvements, equates to approximately $2.05 per sf/GFA.