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HomeMy WebLinkAboutPresentation on Impact Fees-Rexburg-Condensed VersionCity of Rexburg Development Impact Fees Update 1 Committee Members: Richie Webb Sally Smith Chad Richards Wayne Clark Kristin Smith Consultant Zions Bank Susan Becker Megan Weber Horrocks Engineering Jeff Mortimer Elected Officials Chris Mann Mike Walker Staff Ask how many local entities have impact fees? How many have considered implementing fees? 2 What are Impact Fees? Fees imposed by a local government on new development to pay for all or a portion of the costs of providing public services to the new development A one-time charge for the capacity of city infrastructure that new development will consume A payment of money imposed as a condition of development approval to pay for a proportionate share of the cost of system improvements needed to serve development Ask how many local entities have impact fees? How many have considered implementing fees? 3 Key concepts from Statute-Title 67-82 Orderly growth and development Capacity replacement Equitable program for planning and financing public facilities Proportionate share Minimum Standards Calculated on the basis of levels of service (LOS) Advisory Committee 5 members (2 active in development, building, real estate) Update of plan at least once every 5 years All development impact fees shall be based on a reasonable and fair formula or method under which the development impact fee imposed does not exceed a proportionate share of the costs incurred or to be incurred by the governmental entity in the provision of system improvements to serve the new development. The proportionate share is the cost attributable to the new (4) Collected development impact fees must be expended within eight (8) years from the date they were collected, on a first-in, first-out (FIFO) basis, except that the development impact fees collected for wastewater collection, treatment and disposal and drainage facilities must be expended within twenty (20) years. Any funds not expended within the prescribed times shall be refunded pursuant to section 67-8211, Idaho Code. A governmental entity may hold the fees for longer than eight (8) years if it identifies, in writing: 4 History of Impact Fees in Rexburg? Rexburg and most other cities have billed for “Capacity Fees” long before the implementation of other development impact fees Water Sewer 2003 (First Revenues in 2004) Parks Police Fire 2006 Streets Ask how many local entities have impact fees? How many have considered implementing fees? 5 Why did Rexburg Implement Impact Fees? To help maintain LOS while experiencing significant growth Property tax levies are so low they do not cover the required growth in capital infrastructure Fairness and Equity Protects current residents from experiencing a reduction in LOS or having to pay for the impact caused by new development Tax Exempt Rexburg infrastructure supports an enormous amount of tax exempt properties As high as 50% of properties are tax exempt Tax exempt developers are required to pay impact/capacity fees Ask how many local entities have impact fees? How many have considered implementing fees? 6 Ask how many local entities have impact fees? How many have considered implementing fees? 7 City of Rexburg CIP and Impact Fee Analysis March 2020 ZIONS PUBLIC FINANCE INC. HORROCKS ENGINEERS 8 8 Parks and Trails – Existing LOS 9 System Parks Only Included, not mini or neighborhood private parks 9 Parks and Trails – Existing LOS 10 10 Parks and Trails – Existing LOS 11 11 Parks and Trails – Existing LOS 12 Based on population of $35,093 12 Parks and Trails – Existing and Proposed LOS 13 Proposing to maintain the current LOS 13 Parks and Trails – Capital Improvements 14 14 Parks and Trails – Proportionate Share 15 15 Parks and Trails – Proportionate Share 16 Not assessed to Commercial/Institutional 16 Transportation – Growth in Demand 17 17 Transportation – Facilities Needed by New Development 18 18 Transportation – Map of Facilities Needed 19 19 Transportation – Cost of Facilities Needed by New Development 20 20 Transportation – Proportionate Share cost per PM Peak Hour Trip 21 21 Transportation – Sample of Costs per Development Type 22 22 Public Safety – Police Existing Equipment/Facilities 23 23 Public Safety– Police Future Facilities 24 24 Public Safety – Police LOS SF per Call/Proportionate Share Calculation 25 25 Public Safety – Police Calls per Unit 26 Calls on Non-Residential per 1000 feet Institutional is a new category 26 Public Safety – Police Cost per Call 27 27 Public Safety – Police Proportionate Share per Unit 28 28 Public Safety – Fire Existing Equipment/Facilities 29 29 Public Safety – Fire Future Facilities 30 30 Public Safety – Fire LOS SF per Call/Proportionate Share Calculation 31 31 Public Safety – Fire Calls per Unit 32 32 Public Safety – Fire Cost per Call 33 33 Public Safety – Fire Cost per Unit 34 34 Capacity and Impact Fees Comparison-See Handout 35 35 Capacity and Impact Fees Comparison-See Handout 36 36 Street Comparison-Old Versus Proposed 37 37 Street Comparison-Old Versus Proposed 38 38 Cost Comparison-Sorted by Initial Cost Ask how many local entities have impact fees? How many have considered implementing fees? 39 Cost Comparison-Sorted by Initial Cost Ask how many local entities have impact fees? How many have considered implementing fees? 40 Cost Comparison-Sorted by 10-Year Cost Ask how many local entities have impact fees? How many have considered implementing fees? 41 Cost Comparison-Sorted by 10-Year Cost Ask how many local entities have impact fees? How many have considered implementing fees? 42 Cost Comparison-Sorted by 20 Year Cost Ask how many local entities have impact fees? How many have considered implementing fees? 43 Cost Comparison-Sorted by 20-Year Cost Ask how many local entities have impact fees? How many have considered implementing fees? 44 Additional Property Tax Comparisons Ask how many local entities have impact fees? How many have considered implementing fees? 45 Property/Sales Tax Comparison Per Person Ask how many local entities have impact fees? How many have considered implementing fees? 46 Ask how many local entities have impact fees? How many have considered implementing fees? 47 Ask how many local entities have impact fees? How many have considered implementing fees? 48 Changes Based on Current Draft Last Impact Fee Update in March 2017 Review Cost Comparison Ask how many local entities have impact fees? How many have considered implementing fees? 49 Process For Update Review with Staff, Consultant, Committee Will take multiple meetings and input Recommendation to adopt Impact Fee Analysis Recommendation on final fees to city council Present to City Council in a work meeting City Council to set a public hearing Fee changes and public hearing to be advertised in Newspaper and public notified Public Hearing After input from public, City Council to decide on Final Drafts of Impact Fee Analysis and Fees Adoption of such with passage of a resolution/ordinances Ask how many local entities have impact fees? How many have considered implementing fees? 50