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.