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Home My WebLink AboutPresentation on Impact Fees-Rexburg-Condensed Version (2)City of Rexburg Development Impact Fees Update •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 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 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 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 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 City of Rexburg CIP and Impact Fee Analysis March 2020 ZIONS PUBLIC FINANCE INC. HORROCKS ENGINEERS 8 Parks and Trails –Existing LOS Rexburg Parks Park Address Park Class Total Acres Eagle Park 450 W 3rd N Special Use 18 Nature Park 300 N 5th W Community 18.3 Riverside Park 50 West 1st N Community 31.76 Evergreen Park 801 W Main Street Neighborhood 7.66 Smith Park 300 E Main Street Community 11.07 Porter Park 100 South 2nd W Community 11.38 Community Fields 450 E 2nd N Community 16.59 Total 114.76 9 Parks and Trails –Existing LOS Summary of Improvements Unit Total Units Land Acres 114.76 Irrigated Acres Acres 60.20 Paved Acres Acres 7.48 Outdoor Basketball Court 3 Volleyball Court 4 Tennis Court 10 Baseball/Softball Field 8 Soccer Field 12 Football Field 1 Restrooms Restroom 7 Picnic Tables Table 4 Play Equipment Playground 14 Large Pavilion/Shelter Pavilion 2 Small Pavilion/Shelter Pavilion 10 Fire Pit Fire Pit 0 Benches Bench 36 Drinking Fountain Fountain 9 Grills Grill 7 Tables Table 21 Garbage Receptacles Receptacle 35 Track Track 1 Skate Park Park 1 Pickleball Court 4 BMX Park Park 1 Splash Pad Pad 1 Field Lighting Fixtures 2 10 Parks and Trails –Existing LOS Trail ID Trail Name From-To Length (miles) R-9 Evergreen to Kennedy Trail Evergreen Park to Kennedy Elementary School 0.30 R-25 Porter Park Trail Within Porter Park 0.47 R-37 Smith Park Trail Within Smith Park 0.57 R-27 Rexburg Sugar Trail Rexburg (2nd East) to the northern City limits along N. Yellowstone Highway 1.37 R-20 Nature Park Within Nature park 1.51 R-28 Riverside Park Trail Within Riverside Park 0.86 R-12 Jr. High to Hidden Valley Hidden Valley Subdivision to Millhollow 0.14 R-23 5th West Main to Angela 0.34 R-33 University Blvd 5th W to University Village near 7th South 0.68 R-39 Teton River North Side RR Track to 3rd East 0.73 R-38 Teton River South Side 1st East to Barney Dairy Road 0.61 TOTAL 7.57 11 Parks and Trails –Existing LOS Acres/Miles Existing Existing LOS per 1,000 Population Park Acres 114.76 3.270 Trail Miles 7.57 0.216 12 Parks and Trails –Existing and Proposed LOS Summary Equivalency Table LOS Cost per Acre/Mile Existing LOS Cost per Capita Proposed LOS Cost per Capita Parks $131,328.76 $429.46 $429.46 Trails $250,000 $53.96 $53.96 13 Parks and Trails –Capital Improvements Parks Trails Existing LOS per 1,000 Persons (Park Acres or Trail Miles)3.270 0.216 Existing LOS Cost per Capita $429.46 $53.96 Population Growth, 2018-2026 6,024 6,024 Acres/Miles Needed, 2018-2026 19.7 1.3 Cost per Acre/Mile $131,329 $250,000 Total Cost Necessitated by New Development, 2018-2026 $2,586,887 $325,052 14 Parks and Trails –Proportionate Share 15 Summary of Per Capita Fee Park Cost $429.46 Trails Cost $53.96 Consultant Cost $1.66 Less: Fund Balance Credit ($188.15) TOTAL Maximum Per Capita Fee $296.92 Parks and Trails –Proportionate Share 16 Maximum Impact Fees Household Size*Maximum Fees Single-Family Residence 4.025 $1,195.12 Multi-Family Community Housing 2.390 $709.65 Multi-Family Dormitory Housing Assess by # of beds $296.92 per bed *Source: City of Rexburg **For example, 6 beds in Multi-Family Dormitory Housing would equal a fee of $1,781.52 Transportation –Growth in Demand 17 Description PM Peak Hour Trips 2018 PM Peak Hour Trips 19,200 2028 PM Peak Hour Trips 24,500 Growth in PM Peak Hour Trips, 2018-2028 5,300 Source: Horrocks Engineers Transportation –Facilities Needed by New Development 18 Transportation –Map of Facilities Needed 19 Transportation –Cost of Facilities Needed by New Development 20 Description Total Price Rexburg City Total Impact Fee Eligible Proportion Cost Attributable to Growth 1 7th South and Pioneer Yellowstone (Juniper Sands Roundabout)$1,500,000 $0 0%$0 2 2000 North (Moody) / Yellowstone Highway $1,200,000 $200,000 99%$198,000 3 2nd East/Moody Road Intersection $200,000 $80,000 67%$54,000 4 State Highway 33 Realignment on North end $4,000,000 $3,000,000 73%$2,190,000 5 2nd South/2nd East Signal $375,000 $375,000 97%$364,000 6 East Parkway Corridor (Barney Dairy to 7th N)$6,000,000 $4,000,000 43%$1,720,000 7 East Parkway Corridor (2nd W to 2nd E)$2,350,000 $350,000 16%$56,000 8 Yellowstone Highway / Trejo Street $500,000 $500,000 97%$485,000 9 North Interchange Signal $700,000 $350,000 97%$340,000 10 Traffic Signal Synchronization-City Wide (Rexburg)$500,000 $250,000 100%$250,000 11 2nd East (Main Street to 3rd South)$1,125,000 $1,125,000 42%$473,000 12 Main Street (US 20 to 12th West)$750,000 $375,000 71%$266,000 13 University Boulevard (Yellowstone to 5th West)$1,200,000 $300,000 38%$114,000 14 2nd East (4th North to 7th North)$1,000,000 $500,000 55%$275,000 15 East Parkway Corridor (Barney Dairy to 7th S)$2,500,000 $2,500,000 5%$125,000 16 5th West Extension $8,000,000 $8,000,000 3%$240,000 17 Barney Dairy Road to 2nd North $3,000,000 $2,500,000 4%$100,000 TOTAL $34,900,000 $24,405,000 $7,250,000 Source: Horrocks Engineers Transportation –Proportionate Share cost per PM Peak Hour Trip 21 Capital Costs $1,367.92 Consultant Costs $6.60 Credit for Impact Fee Fund Balance ($268.60) Cost per PM Peak Hour Trip $1,105.92 Transportation –Sample of Costs per Development Type 22 Public Safety –Police Existing Equipment/Facilities 23 Public Safety–Police Future Facilities 24 Public Safety –Police LOS SF per Call/Proportionate Share Calculation 25 Public Safety –Police Calls per Unit 26 Land Use Type Calls per Unit Residential Single Family 0.690 Multi-Family Community Housing 0.248 Multi-Family Dormitory Housing 0.495 Non-Residential General Commercial 0.504 Institutional*0.128 Public Safety –Police Cost per Call 27 Public Safety –Police Proportionate Share per Unit 28 Public Safety –Fire Existing Equipment/Facilities 29 Public Safety –Fire Future Facilities 30 Public Safety –Fire LOS SF per Call/Proportionate Share Calculation 31 Public Safety –Fire Calls per Unit 32 Land Use Type Calls Residential per Unit Single-Family Residence 0.038 Multi-Family Community Housing 0.041 Multi-Family Dormitory Housing 0.066 Non-Residential per kSF Commercial 0.023 Institutional*0.046 Public Safety –Fire Cost per Call 33 Expense Impact Fee Qualifying Cost % to Growth Related Impact Fee Qualifying Cost Assigned to New Growth New Growth Calls Added to 2037 Impact Fee Cost per Call Fire Facilities Existing Facilities $ 938,143 11.1%$ 103,878 375 $ 277 Existing Apparatus Inventory 2,121,575 11.1%234,917 375 626 Existing Debt Service (Interest) -11.1%-375 - Future Facilities within 10 Years 939,624 100%939,624 375 2,506 Future Debt Service (Interest) -100%-375 - Total $ 3,999,342 $ 1,278,418 $3,409.15 Miscellaneous Professional Services $ 8,000 100%$ 8,000 375 $ 21 Impact Fee Fund Balance (85,994) 100%(85,994)375 $ (229) Total Miscellaneous $ (77,994) $ (77,994) $ (207.99) Grand Total $ 3,921,348 $ 1,200,425 $ 3,201.17 Public Safety –Fire Cost per Unit 34 Development Type Fire Cost per Call Fire Calls per Unit Impact Fee Impact Fee Assessment Residential Impact Fee Per Unit *Impact Fee per Bed Single-Family Residence $ 3,201.17 0.038 $ 122.67 N/A Multi-Family Community Housing 3,201.17 0.041 131.37 N/A Multi-Family Dormitory Housing 3,201.17 0.066 N/A $ 39.94 Non-Residential Impact Fee Per 1,000 SF Impact Fee per SF General Commercial $ 3,201.17 0.023 $ 74.27 $ 0.07 Institutional 3,201.17 0.046 148.42 0.15 *Single Family and Multi-Family Community are assessed an impact fee per unit as shown in the "Maximum Impact Fee" column. Multi-Family Dormitory is assessed an impact fee per bed using the average beds per dormitory (5.254 beds/dorm unit) Capacity and Impact Fees Comparison-See Handout 35 Capacity and Impact Fees Comparison-See Handout 36 Street Comparison-Old Versus Proposed 37 Street Comparison-Old Versus Proposed 38 Cost Comparison-Sorted by Initial Cost Cost Comparison-Sorted by Initial Cost Cost Comparison-Sorted by 10-Year Cost Cost Comparison-Sorted by 10-Year Cost Cost Comparison-Sorted by 20 Year Cost Cost Comparison-Sorted by 20-Year Cost Additional Property Tax Comparisons Property/Sales Tax Comparison Per Person Changes Based on Current Draft •Last Impact Fee Update in March 2017 •Review Cost Comparison 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