Presented By Public Resources Management Group, Inc. RECREATION IMPACT FEE STUDY Prepared: December 9 th, 2013

2 City of Palm Coast Recreational Impact Fees Map of DRI Areas: Old Brick Township Neoga Lakes SR 100 Palm Coast Park

Summary of DRI Costs and Dwelling Units 3 City of Palm Coast Recreational Impact Fees Description State Road 100 Palm Coast Park Old Brick Township Neoga Lakes Project Cost$7,937,500$3,750,000$13,187,500$17,687,500 Dwelling Units2,4113,6005,0007,000 [*] Project cost and related dwelling unit amounts as provided by City Staff.

Impact Fee Alternatives 4 City of Palm Coast Recreational Impact Fees City’s Currently Charged Fee Population Based Methodology Dwelling Unit Based Methodology Proposed Original Fee Alternative 1 (Removal of 4 DRIs) [1] Proposed Revised Fee Alternative 1 (Remove 4 DRIs) [1] Alternative 2 (Remove 2 DRIs) [2] $1,264.06$1,133.34$888.82$1,013.00$784.52$ [1] Alternative 1 does not recognize the projects and related population/dwelling units for the following DRI Areas: Neoga Lakes, Old Brick Township, Palm Coast DRI and State Road 100 DRI. [2] Alternative 2 does not recognize the projects and related population/dwelling units for the following DRI Areas: Neoga Lakes and Old Brick Township.

Fee Calculation With DRI’s Added Back in the Future 5 City of Palm Coast Recreational Impact Fees Description / DRI Timing Proposed Revised FeeAlternative 1Alternative 2 Currently Proposed Fee $1,013.00$784.52$ DRI’s Added After 5 Years $1,013.00$ DRI’s Added After 10 Years $1,013.00$953.70

Revenue Effect of Alternative Impact Fees [*] 6 City of Palm Coast Recreational Impact Fees Description / DRI TimingAlternative 1Alternative 2 DRI’s Online in 5 Years Revenue Lost Through 2018$406,262$291,183 Revenue Lost from 2018 to Buildout1,511,937 Total Revenue Lost Through Buildout$1,918,199$1,803,120 DRI’s Online in 10 Years Revenue Lost Through 2023$833,248$597,219 Revenue Lost from 2023 to Buildout2,988,310 Total Revenue Lost Through Buildout$3,821,558$3,585,529 [*] Delaying cost recovery of DRI projects results in a significant shift of funding responsibility to the City’s tax payers.

7 City of Palm Coast Recreational Impact Fees  Implement Proposed Revised Impact Fee  Alternatives present lower fees in the near term only  Alternatives result in overall significant revenue losses that would then have to be recovered from the taxpayers Recommendations Current Fee Proposed Revised Fee Alternative 1Alternative 2 $1,264.06$1,013.00$784.52$849.24

8 City of Palm Coast Recreational Impact Fees  Recognize DRIs when entitlements are granted  Broadens base for need identification and cost recovery Recommendations

9 City of Palm Coast Recreational Impact Fees Discussion & Questions