Staff is requesting an amendment to Chapter 56, Section 56.04, to clarify the ¼ mile distance requirement within the definition of a Transit Oriented Development (TOD).
Chapter 56, Section 56.15.I. provides a graduated transportation impact fee exemption for transit oriented developments. This amendment provides the necessary criteria to merit up to a fifty percent (50%) reduction to the assessed Transportation Impact Fee for a qualifying TOD.
All qualifying Transit Oriented Developments shall require a Developer's Agreement, approved by the Orlando City Council and the City Attorney's Office, prior to any fee reduction.
The amendment to Section 56.15.H. provides for a maximum transportation impact fee exemption of twenty-thousand dollars ($20,000.00) for qualified changes of use.
These options support our goal of maintaining economic stability and encouraging continued growth while remaining committed to funding our transportation network. Per state law, this ordinance shall take effect ninety (90) days after final passage.