Township explains traffic impact fee, TIF surplus and prioritized projects including roundabout proposals
Staff told the commission that the township levies a traffic impact fee on new developments based on peak‑hour trip generation and that the TIF account currently has a surplus used to match larger projects; priority projects named include Valley Brook roundabout and signal improvements.
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Township staff explained how the traffic impact fee (TIF) works and how funds are used. New development pays an impact fee based on net new peak‑hour trips; those fees are placed in a TIF account and applied to prioritized capital projects recommended by the township's traffic engineer.
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