(Amended by Ordinance No. 188957, effective June 23, 2018.) As an alternative to preparing a custom TDM plan subject to Sections 17.107.020 through 17.107.030, and Chapter 33.852, an applicant of a mixed use and residential development may agree to provide a multimodal incentive plan, preapproved by the City, including, but not limited to, the following:
A. Distribution of transportation options information approved or provided by the Portland Bureau of Transportation for the first 4 years of building occupancy, offered to residents, employees, and visitors;
B. Multimodal financial incentives equal to the value of a 1-year adult TriMet pass per residential unit, for the first year of building occupancy. This obligation will pay for a menu of incentives that will be offered to residents of the site to increase the use of transit, bicycling, walking, and other alternatives to driving alone. Specific rates for affordable dwelling units and market-rate dwelling units are found in the annual fee schedule;
C. Participation in an annual travel survey of residents and employees for the first 4 years of building occupancy;
D. A written acknowledgment by the applicant of the enforcement provisions in Code Section 17.107.050.