Calculation of the fee. In order to develop a fair and accurate impact fee amount, the applicant shall provide the Planning Board with a detailed estimate of total likely Town way improvement costs, including but not limited to legal fees, survey costs, engineering costs, grubbing, disposal, subbase and base work, drainage, surfacing and/or resurfacing, vegetation, signage and real estate acquisition costs (including estimated cost of condemnation). Subject to reliable data previously collected by the Town, the applicant shall also provide the Planning Board with professionally certified current traffic count data and a professional estimate of total traffic anticipated upon completion of development proposed in the application.
(1) The Planning Board shall calculate an impact fee for the improvement of existing Town ways as follows:
(Total Traffic Estimate) - (Current Traffic Count) X | (Total Improvement Cost) = Impact Fee |
(Total Traffic Estimate) | |