23_10_31_Batch3_Testimony - Laserfiche WebLink

• Waive System Development Charges (SDC). The City could waive SDCs for particular development types in targeted areas. However, waiving the charge can lead to future funding problems. SDCs cover the cost of expanding infrastructure systems. If the City waives SDCs, it may lack adequate funds when that infrastructure needs to be improved. The City can use other funding sources, such as the General Fund, to cover SDCs (as opposed to completely waiving them). The City is technically able to do this, but competing demands for those funds make it unlikely. • Waive other City -imposed fees. To encourage development in specific areas, the City could lower or waive fees for annexation, land division, and building permits. As with waiving SDCs, this can create funding gaps for the obligations that the fees fund. MULTIMODAL IMPROVEMENTS Transit Improvements Lane Transit District is the transit service provider for the community and will be responsible for implementing short-, medium- and long-term transit improvements. In the short-term, decision-making for the MovingAhead project will provide the guiding planning direction and vision for transit investments in the River Road corridor and the larger Eugene community. LTD's Community Investment Plan is the mechanism through which transit investments are programmed into a longer-term financial plan. MovingAhead LTD and the City are jointly conducting the MovingAhead project to facilitate a more streamlined and cost-efficient process through concurrent planning, environmental review, and design and construction of multiple corridors. MovingAhead builds upon adopted transportation and land use plans including the EmX System Plan, LTD's Long -Range Transit Plan and the Frequent Transit Network, the Eugene 2035 Transportation System Plan, Envision Eugene, and the Central Lane Metropolitan Planning Organization Regional Transportation Plan. The Alternatives Analysis process was a key step in the planning process. The next step for the project will be for the LTD Board of Directors and Eugene City Council to select a locally preferred alternative (LPA) package on transit, walking and biking investments along these corridors that can be funded and built over the next 10 years. Once an LPA has been selected, a funding plan will be developed and the project will move into project development, including development of more detailed designs. Lane Transit District Community Investment Plan The Community Investment Plan (CIP) is a 1 0 -year framework that provides direction and guidance for LTD's capital and other investments. Annual revisions of the CIP are developed with input from riders, community partners, and the general public. The CIP prioritizes resources to achieve improvements in the context of the District's long-term transportation and livability goals. The CIP's two fundamental objectives are to make RIVER ROAD CORRIDOR STUDY 127