(A) The Town continues to experience rapid population and employment growth, in part, because of its proximity to regional employment facilities such as the Research Triangle Park and Raleigh Durham International Airport.
(B) The anticipated population and employment growth in the Town creates demand for additional capital improvement funds for roadway facilities, which include but are not limited to, streets, intersection improvements, culverts and road-related drainage improvements, turn lanes, and signalization.
(C) The Town is committed to the provision of such road-related improvements at a level of service necessary to support anticipated residential and employment growth.
(D) The Town has adopted a Comprehensive Transportation Plan (CTP), which addresses long-term road improvements. The Planned Roadway Widths map of the CTP identifies additional road capital improvements necessary to serve new construction.
(E) The General Assembly of North Carolina has authorized the Town to impose a regulatory or development fee defined as a road project fee, and known within the Town as a transportation development fee, on new construction within the Town limits and extraterritorial jurisdiction.
(F) The transportation development fee herein established is roughly proportional to the need for new capacity-related road improvements generated by new construction and reasonably benefits the construction that pays the fee.