1. Alachua County Mobility Plan Springhills Transportation Improvement District and Santa Fe Village Developer’s Agreement October 28, 2014

2. Authorized in the Comprehensive Plan Tax Increment Finance Calculation Use calculation of % of increase in new general ad valorem Anchored by Transit Oriented Development(s) Consistent with Capital Improvements Element Projects Allows County or Developer to front-end infrastructure Mechanism to fund transit service between West and East Gainesville TRANSPORTATION IMPROVEMENT DISTRICT

3. Not a new tax or fee Not a Community Redevelopment Area Not a reduction of a developer’s offsite infrastructure responsibilities Not a property tax break Not permanent commitment WHAT IT IS NOT

4. Investment in Transportation Mobility Supports TODs as sustainable land use pattern Opportunity to expand tax base Potential for Public Private Partnership Incentive for economic development & job creation Promote infill & redevelopment within Urban Cluster Provide transit funding between West and East Limit County’s financial risk WHY DO IT?

5. Springhills Transportation Improvement District

6. Santa Fe Village Transportation Projects

7. Developer Responsibilities Developer builds in accordance with TOD policies Developer builds in accordance with TOD policies Developer finances and constructs infrastructure Developer finances and constructs infrastructure Developer makes direct payments towards transit service Developer makes direct payments towards transit service Developer pays Multi-Modal Transportation Mitigation Developer pays Multi-Modal Transportation Mitigation (MMTM) payments prior to constructing creditable transportation projects.

8. County Responsibilities Covenant to budget from lawful non-ad valorem sources Covenant to budget from lawful non-ad valorem sources 30% of Tax Increment calculated from 2016-2028 25% of Tax Increment calculated from 2029-2038 Reimburse Developer for creditable expenses that are Reimburse Developer for creditable expenses that are above and beyond the MMTM responsibility Provide transit service to development into the Provide transit service to development into the University of Florida with provisions to continue service to Downtown and East Gainesville

9. FISCAL IMPACT ANALYSIS

10. FISCAL IMPACT Projected Tax Increment Calculation for Mobility Projected Tax Increment Calculation for Mobility is $26.2 Million over the life of both Santa Fe and is $26.2 Million over the life of both Santa Fe and Springhills agreements. Projected Tax Increment for all other County purposes Projected Tax Increment for all other County purposes would be $129 Million over the life of the agreements.

11. STAFF RECOMMENDATION Adopt Ordinance 14-18 to establish the Springhills Transportation Improvement District Adopt Ordinance 14-18 to establish the Springhills Transportation Improvement District Approve Springhills District (Santa Fe Village Project) Transportation Improvement Agreement and authorize the Chair’s signature. Approve Springhills District (Santa Fe Village Project) Transportation Improvement Agreement and authorize the Chair’s signature.