(A) The project proponent may submit with the traffic study a plan detailing measures that will mitigate the project’s adverse circulation impacts. If the plan is submitted it shall include the following:
(1) The plan will provide details of mitigation measures, such mitigation measures including, but not limited to any of the following types:
(a) Physical improvements to street systems, such as intersection designs, signalization, turn or deceleration lanes and the like (e.g., bike path systems and the like);
(b) Transportation system management programs;
(c) In-lieu fees for permanent circulation improvements;
(d) Annual contributions for transit operation programs; and
(e) Reduction in the scale or density of a project or the intensity of the proposed types of uses.
(2) A time schedule for the implementation of the proposed mitigation measures;
(3) The comments of other responsible agencies on any mitigation improvements proposed outside the town.
(B) Prior to issuance of a building, grading or occupancy permit, or approval of a tentative or final subdivision map, the project proponents must either implement any approved improvement plan or provide the town with adequate guarantees of its implementation in a manner acceptable to the town. The guarantees shall be set forth in an agreement between the town and the applicant and supported by bonds or other securities acceptable to the town, guaranteeing the faithful performance of the work and payment for the labor and materials. The agreement shall provide for a time limit to perform the work; the time limit shall be as determined adequate by the town, but shall not exceed two years. The permit may be extended by the town for reasonable cause.
(C) Pursuant to state law, no project that qualifies for a density bonus for affordable housing under Chapter 17.050 or a project with at least ten percent of the units reserved for lower income tenants or purchasers shall be required to pay a transportation impact fee or in-lieu fee for traffic impact mitigation.
(Prior Code, § 17.30.080) (Ord. 352, passed - -1973; Am. Ord. 553, passed - -1986; Am. Ord. 885, passed 11-1-2023)