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Transportation Impact Fees and Funding
Marion County Transportation Impact Fees and Funding March 24, 2015
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Presentation Overview
1 Background/Purpose Methodology Findings of Technical Study Next Steps 2 3 4
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Background History of Transportation Impact Fee in Marion County:
Implemented in 1990 Last update in 2007 Suspension since 2010 Changes in cost and funding since 2006/07
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Background Impact Fee Definition:
One-time capital charge to new development Covers the cost of new capital facility capacity Implements the CIE and CIP
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Background Why Impact Fees? Maintain Level-of-Service Standards (LOS)
Calculate cost of growth Potential large developments Most needed when: High growth Limited funding
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Background Transportation Impact Fees Roadway-based
Multimodal approach in the Cities requires a minimum of: City’s Comprehensive Plan to include mobility goals/strategies A Capital Plan for bicycle lanes and sidewalks A map of local collector roads as wells bicycle lanes and sidewalks
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Background Major Infrastructure Investment
Population Growth Rate Trend; 3-year Average ( ) Major Infrastructure Investment Infrastructure is 30 years old Marion County +155k from 1.4% Avg Annual Growth Florida +6.3M from 1.1% Avg Annual Growth Source: BEBR; Medium-Level 1970 1980 1990 2000 2010 2040
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Avg. Annual Population Growth
Background = Fee in Place & Collected (27) ≈ 2.9% ≈ 0.7% = Fee in Place, but Suspended ≈ 2.8% ≈ 0.5% /Moratorium (15) = No Transp. Impact Fee (23) ≈ 1.9% ≈ 0.6% *Information was unavailable (2) * Marion Avg. Annual Population Growth Missing info on 2 counties (Baker, Lafayette)
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Background Trend in Construction Costs:
Last Marion TIF Update Source: FDOT Long Range Estimates
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Background Marion County Capacity Needs Interchanges Road Expansion
NW 49th St Interchange SW 95th St Interchange Road Expansion SR 200 from CR 484 to County Line NE 36th Ave from SR 492 to NE 35th St NE 25th Ave from SR 492 to NE 35th St NE 35th St from W. Anthony Rd to NE 36th Ave New Roads SW 44th Ave from SR 200 to SW 20th St SW 49th Ave from SW 95th St to SW 42nd St NW 44th Ave from SR 40 to NW 11th St Emerald Road Ext. from SE 92nd Loop Rd to Emerald Trace
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Presentation Overview
1 Background/Purpose Methodology Findings of Technical Study Next Steps 2 3 4
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Methodology Transportation Impact Fee Variables: Demand Component
Trip Generation Rate, Trip Length, % New Trips Cost Component County and State Roads, Roadway Capacity Credit Component Non-impact fee roadway capacity expenditures
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(Cost – Credit) x Demand
Methodology Basic Impact Fee Formula: Net Impact Fee = (Cost – Credit) x Demand ok Cost to Add Roadway Capacity Non-Impact Fee Revenue from Future Development VMT
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Transportation Impact Cost Single Family Home
One Lane Mile ~$3.1 M ÷ Capacity ~8,800 = Vehicle mile of capacity ~$355 Total Credit ~$2,300 Fee ~ $7,000 Total Impact Cost ~ $9,300 = 26 miles of daily travel X Capacity Consumed by One Home
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Presentation Overview
1 Background/Purpose Methodology Findings of Technical Study Next Steps 2 3 4
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Findings of Technical Study
Demand Component: Sources: National ITE Reference Florida Studies Database Demand Calculation: Trip Gen. Rate x Trip Length x % New Trips
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Findings of Technical Study
Demand per Unit of Development: Trip Gen. Rate = Number per day Trip Length = Travel A to B % New Trips = Accounts for trips already on the roadway Interstate/Toll Discount = Accounts for interstate & toll trips (not charged)
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Findings of Technical Study
Single Family Residential (2,000 sq ft) Example: Trip Gen. Rate = 7.81 Trip Length = 7.61 % New Trips = 100% Interstate/Toll Discount = 12.0% (7.81 * 7.61 * 100% / 2)*(1-12.0%) = 26.15
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Findings of Technical Study
Cost Component: Sources Local roadway improvements Recent new construction/lane addition projects throughout Florida FDOT Long Range Estimates (LRE)
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Findings of Technical Study
Cost Component: Local Improvements NW 60th Ave from SR 200 to SR 40 (FY 2006) CR 464 (Ph. I) from Oak Rd to Locust Rd (FY 2007) CR 200A from US 441 to NE 35th St (FY 2009) NW 44th Ave from US 27 to NW 60th St (FY 2009) SE 31st St from SE 19th Ave to SR 464 (FY 2009) SW 110th St from US 41 to SW 200th Ave (FY 2013) NW 35th St from NW 35th Avenue Rd to US 441 (FY 2013) NW/NE 35th St (Ph. 1a) from US 441 to W. of Anthony Rd (FY 2016)
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Findings of Technical Study
County Roadway Construction Cost Trend (Urban Design) County Road Bids in Marion County Rd Cost Estimate for IF Calculation
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Findings of Technical Study
State Roadway Construction Cost Trend (Urban Design) State Rd Cost Estimate for IF Calculation State Road Bids in Marion
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Findings of Technical Study
Estimated Cost per Lane Mile Phase County Roads State Roads County and State Roads Design $167,000 $227,000 $184,000 Right-of-Way $1,001,000 $1,236,000 $1,069,000 Construction $1,668,000 $2,060,000 $1,782,000 CEI $50,000 $101,000 Total $2,886,000 $3,750,000 $3,136,000 Lane Mile Distribution* 71% 29% 100% *Based on most recent LRTP Cost Affordable Plan
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Findings of Technical Study
Credit Component: $.01 penny 1 CENT GAS TAX PER GALLON
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Findings of Technical Study
Credit Component: Revenue Sources State funding = $462.5 million (FY ) County funding Non-impact fee = $57.3 million (FY ) Fuel tax bonds = $72.7 million (15 yrs remaining) Non-impact fees funding This is NOT a developer credit for construction
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Findings of Technical Study
Credit Component – Transportation Funding State tax indexed Local tax not indexed Other revenues are indexed
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Findings of Technical Study
State ≈ -30% Fuel Efficiency 7.7% Local ≈ -90% 5.5% 3.0% Fuel Efficiency & Inflation
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Findings of Technical Study
Land Use Changes: Created tiers for Single Family based on sq. ft. Less than 1,500 sf 1,501 to 2,499 sf 2,500 sf and greater Created “per bed” fee for Assisted Living Facilities Created separate Office & Retail categories Created “small retail” tier (<6,000s f) Created an office/retail mixed use land use 25% office, 75% retail weighting
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Findings of Technical Study
Land Use Changes: Consolidation of several “Restaurant” land uses Quality Restaurant High-Turnover Restaurant Fast Food w/Drive-Thru Addition of “Small Local Restaurant” land use Applied to “mom & pop” type restaurants Non-franchise, fewer hours of operation Collapsed into single “Restaurant” land use
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Findings of Technical Study
Transportation Impact Fee Rate Comparison Marion County Timeline Land Use Unit Full Calculated Adopted Study Date - 2006 2007 2015 Percentage 100% 57.6% Single Family Du $5,143 $10,588 $6,099 $6,994 Light Industrial 1,000 sf $3,102 $3,682 $2,121 $4,048 Office (50k) $8,364 $3,519 $2,027 $6,391 Retail (125k) $6,263 $2,718 $1,565 $9,592 Bank (Drive In) $29,540 $12,805 $7,376 $21,367 Restaurant $20,070 $8,694 $5,007 $26,502
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Findings of Technical Study
Transportation Impact Fee Rate Comparison 100% Calculated Impact fee Rates Land Use Unit Marion* Marion Levy Citrus* Sumter Lake Study Date - 2007 2015 2005 2010 2008 2013 Adoption % 100% Single Family Du $10,588 $6,994 $1,046 $3,970 $5,200 $3,867 Light Industrial 1,000 sf $3,682 $4,048 $709 $1,255 $3,167 $2,151 Office (50k) $2,888 $6,391 $995 $3,605 $7,182 $3,748 Retail (125k) $2,716 $9,592 $1,710 $2,973 $7,273 $4,401 Bank (Drive In) $12,805 $21,367 $3,436 $17,056 Restaurant $8,694 $26,502 $2,683 $21,074 Lake has 50% credit which is reason for lower SFR rate, by comparison to Marion (not a Tindale Oliver study) *Fees currently suspended
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Findings of Technical Study
Transportation Impact Fee Rate Comparison 100% Calculated Impact Fee Rates Land Use Unit Marion* Marion Volusia Alachua Polk* Study Date - 2007 2015 2003 2009 Adoption % 100% Single Family Du $10,588 $6,994 $2,653 $4,878 $4,895 Light Industrial 1,000 sf $3,682 $4,048 $1,500 $3,362 $675 Office (50k) $2,888 $6,391 $2,830 $5,030 $5,310 Retail (125k) $2,716 $9,592 $3,770 $7,132 $6,754 Bank (Drive In) $12,805 $21,367 $13,430 $15,776 $14,377 Restaurant $8,694 $26,502 $9,910 $20,345 $22,861 *Fees currently suspended
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Findings of Technical Study
Transportation Impact Fee Rate Comparison Adopted Impact Fee Rates Land Use Unit Marion* Marion Levy Citrus* Sumter Lake Study Date - 2007 2015 2005 2010 2008 2013 Adoption % 57.6% 100% 50% 70% Single Family Du $6,099 $6,994 $1,046 $1,985 $2,600 $2,706 Light Industrial 1,000 sf $2,121 $4,048 $709 $628 $1,584 $1,505 Office (50k) $2,027 $6,391 $995 $1,803 $3,591 $2,623 Retail (125k) $1,565 $9,592 $1,710 $1,487 $3,637 $3,080 Bank (Drive In) $7,376 $21,367 $3,436 $8,528 Restaurant $5,007 $26,502 $2,683 $10,537 *Fees currently suspended
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Findings of Technical Study
Transportation Impact Fee Rate Comparison Adopted Impact Fee Rates Land Use Unit Marion* Marion Volusia Alachua Polk* Study Date - 2007 2015 2003 2009 Adoption % 57.6% 100% 68% 85% Single Family Du $6,099 $6,994 $2,174 $4,146 $4,895 Light Industrial 1,000 sf $2,121 $4,048 $1,220 $2,857 $675 Office (50k) $2,027 $6,391 $2,310 $4,275 $5,310 Retail (125k) $1,565 $9,592 $3,080 $6,062 $6,754 Bank (Drive In) $7,376 $21,367 $10,960 $13,409 $14,377 Restaurant $5,007 $26,502 $8,090 $17,293 $22,861 *Fees currently suspended
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Findings of Technical Study
Economic Growth Strategy Calculated based on: Rate of growth Available non-impact fee funding By area and/or land use
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Economic Growth Strategy
New Growth Credit/Future Tax Revenues New Growth Credit/Future Tax Revenues 10% 40% Roadway Capacity Level-of-Service - Facility Needs - Economic Needs - Land Use Needs Revenues from Existing Residents (for transportation capacity) Annual Growth Rate
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Findings of Technical Study
Economic Growth Strategy (County ONLY) 95% Credit is for County roads ONLY Marion County Projected Annual Growth Rate (1.8%)
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Findings of Technical Study
Economic Growth Strategy (County ONLY) Option 1: Countywide discount of 5% All land uses adopted at 95% of calculated rates Option 2: Targeted Uses Residential land uses adopted at 100% of calculated rates Non-residential land uses adopted at 85% of calculated rates
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Findings of Technical Study
Economic Growth Strategy Impact Fee Rate Comparison County ONLY Land Use Unit Marion (Calculated) (Option 1) Marion (Option 2) Study Date - 2015 Adoption % 100% 95% 85-100% Single Family Du $6,994 $6,644 Light Industrial 1,000 sf $4,048 $3,846 $3,441 Office (50k) $6,391 $6,071 $5,432 Small Retail (6k) $4,177 $3,968 $3,550 Retail (125k) $9,592 $9,112 $8,153 Small Restaurant $12,668 $12,035 $10,768 Restaurant $26,502 $25,177 $22,527
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Findings of Technical Study
Economic Growth Strategy (County & State) 70% Credit is for County and State (adjusted) Marion County Projected Annual Growth Rate (1.8%)
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Findings of Technical Study
Economic Growth Strategy (County & State) Option 1: Countywide discount of 30% All land uses adopted at 70% of calculated rates Option 2: Targeted Uses Residential land uses adopted at 100% of calculated rates Non-residential land uses adopted at 20% of calculated rates
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Findings of Technical Study
Economic Growth Strategy Impact Fee Rate Comparison County & State Land Use Unit Marion (Calculated) (Option 1) Marion (Option 2) Study Date - 2015 Adoption % 100% 70% 20-100% Single Family Du $6,994 $4,896 Light Industrial 1,000 sf $4,048 $2,834 $810 Office (50k) $6,391 $4,474 $1,278 Small Retail (6k) $4,177 $2,924 $835 Retail (125k) $9,592 $6,714 $1,918 Small Restaurant $12,668 $8,868 $2,534 Restaurant $26,502 $18,551 $5,300
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Findings of Technical Study
Existing Benefit Districts Proposed Benefit Districts 2 1 2 1 3 4 Preservation Land
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Presentation Overview
1 Background/Purpose Methodology Findings of Technical Study Next Steps 2 3 4
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Next Steps Next Steps: Input from the BOCC
Submittal of Final Report – April 2015 Public Hearing – June 2015
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Questions? Thank You
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