Economic Incentive Plan Board of County Commissioners Public Hearing March 6, 2012

Purpose 2011 Economic Incentive Plan Change of Use Proposed Ordinance Requested Action Presentation Outline

Public Hearing for Amendments to the 2011 Economic Incentive Plan Ordinance Worksession – February 7, 2012 Purpose

2011 Economic Incentive Plan Summary Continuation of 2009 Incentives Extended building permits Waived increased impact fees for certain changes of use Extended concurrency encumbrances and reservations Suspended Impact Fee Indexing

2011 Economic Incentive Plan Ordinance Provisions Extended Building Permits (6 months to one year) Suspended Automatic Impact Fee Indexing until fees are updated –Fire 3.5% –Law 2.5% –Parks 7.4% –Road 3.0%

2011 Economic Incentive Plan Ordinance Provisions (cont.) Capacity Encumbrance Letters  Extended for one year (from 180 days) Capacity Reservation Certificates  Extended for 5 years (from 3 years)  Allowed for incremental payments over extended period of time

2011 Economic Incentive Plan Ordinance Provisions (cont.) Waived Increased Impact Fees for Changes in Use  Existing Buildings  Same Building Footprint  Located in Urban Service Area (USA)  Required to be consistent with Comprehensive Plan and Existing Zoning Provisions expire on March 31, 2012

Change of Use Overview Utilized by over 90 projects since 2009 Wide range of businesses Waived $2.4M Impact Fees  2.3M Transportation Impact Fees  $49,000 Fire Rescue Impact Fees  $42,800 Law Enforcement Impact Fees

Change of Use Overview (cont.) Majority of waivers under $100,000 One Outlier  Warehouse to Retail  62,898 Square Feet  Waived Transportation Impact Fee o $646,000

Change of Use Overview (cont.) Option  Cap Transportation Impact Fee Waiver at $100,000 per project  Amend Page 7, Line 264:  Add after road impact fee “in an amount up to, but not exceeding, One Hundred Thousand Dollars ($100,000).”

Proposed Ordinance Extends provisions until March 31, 2013  Waives increases for impact fees for change of use  Extension of concurrency encumbrances and reservations Extension of building permits part of Chapter 9 Amendments Impact Fee Indexing cancelled with 2011 Amendments

Requested Action Make a finding of Consistency with the Comprehensive Plan and approve the Economic Incentive Ordinance. ALL DISTRICTS Note: LPA made a finding of consistency on February 16, 2012

Requested Action Proposed Amendment - Amend Page 7, Line 264: Add after road impact fee “in an amount up to, but not exceeding, One Hundred thousand Dollars ($100,000).”

Economic Incentive Plan Board of County Commissioners Public Hearing March 6, 2012