(A) As a condition to the adoption of this subchapter, the Town Council engaged A&F to conduct a comprehensive and detailed traffic impact analysis of the town. The Town Council now hereby finds that the resulting study and database constitute a sufficient study to constitute a zone improvement plan. The Town Council hereby adopts the traffic impact analysis prepared by A&F, dated March 17, 2014, as the Town’s Zone Improvement Plan and finds that the Zone Improvement Plan contains the following elements:
(1) A description of the nature and location of existing infrastructure in the Impact Zone;
(2) A reasonable determination of the current level of service for the Impact Zone;
(3) A reasonable determination of the community level of service provided within the Impact Zone;
(4) Reasonable estimates relating to the nature and location of development that is expected within the Impact Zone during the planning period, which, for purpose of this subchapter, is defined to be a period of ten years commencing with the effective date of this subchapter.
(5) A reasonable estimate of the nature, location, sequencing, and timing of the road and street thoroughfare requirements and costs necessary to provide the community level of service for the development contemplated in subsection (3).
(6) A reasonable estimate of the share of the road and street thoroughfare costs identified in subsection (4) that will be used to:
(a) Raise the current level of service for existing development or provide service to existing development; or
(b) Provide service to new development.
(7) A reasonable estimate of revenues that:
(a) Are from sources other than traffic impact fees; and
(b) Will be used to finance the cost identified in subsection (6)(a).
(8) A general description of the sources and amounts of money used to pay for infrastructure during the previous five years.
(B) The Town Council hereby specifically adopts the Zone Improvement Plan as an official part of the Comprehensive Plan of the town, pursuant to I.C. 36-7-4-500 et seq.
(Ord. 2007-03, passed - - ; Ord. 2014-03, passed 4-7-2014; Ord. passed 7-7-2014)