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In calculating the amount of a development’s TDM obligation under this chapter, the cost of removing one peak hour trip from the road system is approximately $6,500. For a development required to provide TDM pursuant to SCC 30.66B.160 or SCC 30.66B.630, the development’s TDM obligation will equal $6,500 times the required trip reduction percentage times the development’s peak-hour trip generation. (Added by Amended Ord. 02-064, Dec. 9, 2002, Eff date Feb. 1, 2003; Amended by Amended Ord. 07-116, Dec. 17, 2007, Eff date Dec. 28, 2007).