1. 2014 Mobility Fee Update Study Adoption Reading 1 October 21, 2014

2. Presentation Outline Summarize Need for Mobility Fee Principles of its Calculation Update Process Changes from 2011 Fee Recommended Fee Schedule 2

3. What is a Mobility Fee? One-time charge on travel-generating development to help fund needed transportation system capacity. Developed consistent with adopted comprehensive/transportation plan (LRTP). 3

4. Why do we need one? Efficient, safe, and predictable transportation system fosters economic growth Contributes to quality of life (less travel time required for daily activities) Diversifies revenue sources Mobility fee $$ can leverage other $$ 4

5. Why do we need one? Rate of growth outpaces rate of system expansion Consider: In 2010, roads in Pasco carried about 9M vehicle- miles of travel (vmt) If 2.3%/yr growth, by 2040, we’ll add 8M vmt At $447/vmc, that costs $3.6B (at a 1:1 ratio) In-place State, County tax revenues generate ~$2.0B – so, we need (at least) another $1.6B or more. 5

6. How is the fee calculated? Fee = Travel Generated x Cost of Capacity – Credits – Incentives Where: Travel Generated: [# Trips x Trip Length x % New Trips / 2] Cost of Capacity: Multi-modal, per LRTP, QoS Credits: Self-generated $$ for capacity (e.g. gas tax, P4P) Incentives: Gov’t pays for portion of fee for incentivized uses using taxes from non-growth sources. 6

7. How is the fee calculated? CAR=0.8 CAR=1.25 CAR=1.33 CAR= “Capacity Addition Ratio” 7

8. How is the fee calculated? Incentives for location of development (Urban, Suburban, Rural, Harbors Re-Development Area) Incentives for form of development (MUTRM, TND, TOD) Incentives for job-creation/tourism (Office, Industrial, and Lodging) 8

9. Changes from 2011 Fee Overall goal to keep fees the same, expand incentives Added incentives for “West/Harbors” market area and MUTRM land use. Increased Suburban and Rural Office, Industrial and Lodging incentives to 100% at an additional cost of $14M. 9

10. Changes from 2011 Fee Suburban MUTRM and TND fee matches Urban MUTRM and TND fees. Reduced incentives for TOD from 100% to 75% Added “Mining” land use Re-classified Mini-Warehouse from Industrial to Retail 10

11. Changes from 2011 Fee Incorporated adoption of 5-cent 2 nd LOGT Continues reliance on Penny for Pasco sales tax and tax increment revenue commitment to transportation $420.9 million incentive “budget” 11

12. Allocation of Incentive Budget 12

13. Extent of Incentives 13 “% Incentivized” means the percentage by which the non-incentivized fee is reduced. Therefore, a 100% incentive means the fee is zero. The numbers indicated are the average by class of use

14. Changes from 2011 Fee 839 specific fees (76 Land Uses x 11 Areas + 3) 307 new categories or uses (MUTRM, Harbors/ West Redevelopment Area, mining) 267 higher due to reduced incentives or re- classification (TND, TOD, mini-warehouse) 40 lower due to increased employment/ tourism incentives 16 lower due to revised travel characteristics 225 of 228 original “standard” fees are lower or remain unchanged 14

15. Growth vs. “Base” Funding Relationship Mobility Fees make up about 42 percent of estimated capital revenues, vs about 33 percent in the 2011 study. “Growth” generates about 63 percent of estimated capital revenues, vs about 54 percent in the 2011 plan. Proportions are affected by rate of growth. 15

16. Nearby County Transportation Impact Fee Rates 16

17. Church Fee Mobility fee based on weekday trip generation. Architectural standards indicate 12 to 20 s.f. per seat for sanctuary only. Example: 300-seat sanctuary (3,600 to 6,000 s.f.) 17 Breakeven s.f.

18. Church Fee Other “non-church” significant weekday activities (e.g. pre-school or schools) are assessed separately. Since weekday activities usually occur in non- sanctuary space, per/1,000 s.f., and churches with less resources and less s.f. will pay smaller fee for more modest facilities, staff recommends staying with /1,000 s.f. method. 18

19. End of Presentation 19

20. How is the fee calculated? 20

21. How Do We Compare? Pasco in 2010 Pasco in 2035, per 2035 LRTP Orange Co. Pinellas Co. Hillsborough Co. 21

22. Fee Benefit Districts 22