HomeMy WebLinkAbout2023 Presentation on Impact Fees-Rexburg-For City Council-SummaryCity of Rexburg
Development Impact
Fees Update
•Committee Members:
▫Bart Stevens
▫Sally Smith
▫Chad Richards
▫Dan Moldenhauer
▫Tami Geddes
•Consultants in 2018-2020
▫Zions Bank
Susan Becker
Megan Weber
▫Horrocks Engineering
Jeff Mortimer
•Staff
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
Cost Comparison-Sorted by 20 Year Cost
Additional Property Tax Comparisons
Property/Sales Tax Comparison Per Person
Single Family Impact & Capacity Fees
Multi-Family Community Impact &
Capacity Fees
City of Rexburg CIP and Impact Fee Analysis
May 2020
ZIONS PUBLIC FINANCE INC.
HORROCKS ENGINEERS
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•This list has not changed since 2020
•We did purchase additional ground in 2020 for the Teton River Park
area, but this will not be fully developed for many more years
•Also were donated a small piece of ground on 5 th West that will likely
not be developed for several years as well
11
Parks and Trails –Existing LOS
•2020 Adopted Study
used 2018-2026
(Growth of 6,024)
and 2018 to 2038
population growth
data
•2023 Study could
use 2022-2030
(Growth of 7,549)
and 2022 to 2042
population growth
data
•2020 Census caused
change to data
12
Parks and Trails –Population Update
Improvements added
since last study update
in 2020 included:
•Baseball quad lights,
restroom bldg.,
nature park
bathroom, 8 playset
features, and 1.07
acres of parking at
baseball quad and
nature park.
•Received grants for
these improvement
totaling $485,807
that reduced the
total cost of existing
park improvements
as well
13
Existing Park Improvements
•New Trail R-15-Madison Jr. High Trail from Barney Dairy Road to 1st N (.37 miles)
was added in 2022 with an ITD Tap Grant
•New Total Length (miles) 7.94 miles
•Two more trail lengths are forecasted to be completed in 2024 or later with the
help of an ITD TAP Grant in the following locations:
•2nd East to Riverside Park/Teton River (7.34% of cost will be paid by impact fees)
•2nd East Under the Overpass on both sides of the Teton River (7.34% of cost will
be paid by impact fees)14
Parks and Trails –Existing LOS
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Parks and Trails –Existing LOS
Desired Levels of Service (LOS)
Parks 3.5 Acres/1000 People
Trails .216 Miles/1000 People
16
Parks and Trails –Existing LOS
Parks and Trails –Existing and Proposed LOS
17
2020 Data From Adopted Study 2023 Updated Data
18
Parks and Trails –Capital Improvements
2020 Data From Adopted Study 2023 Updated Data
•Fund Balance Credit Reduced Significantly without increasing park acreage
because we included the Community Quad Field Acreage in the 2020 study,
even though a large portion of those funds were not expensed on the
Community Quad Project until after the 2020 study
19
Parks and Trails –Proportionate Share
Parks and Trails –Proportionate Share
20
•Staff does not recommend any changes to the Street Impact Fee in 2023 as
compared to the rates set in the 2020 Adopted Study
•Many of the projects identified in the study have not started construction
•Of the $7.25 million of projects to be paid by the City with impact fees, only
$616,176 have been completed thus far and paid with impact fees
•It is also likely that construction costs are up significantly since the 2020 Adopted
Study, but may come down if we enter a recession in the next few years
•Probably best to update this capital plan and hire an outside engineer when we
look at hiring an outside consultant again in 2026 or so
•All transportation data on slides shown hereafter are from the 2020 Adopted
Study
21
Transportation-Streets
•Staff looked at the Public Safety (Police and Fire) Impact Fees and
recommends that we wait a few more years to update these studies
•One reason for that is that much of the analysis is based on the call data
from dispatch
•Dispatch moved to a new system within the last year or more and we believe it will
be best to wait until they have 3 years of history in the new system so we can get
an average of those years
•With it only being a few years, we don’t believe the capital needs would
have changed significantly in those three years
•Other factors to consider at the time of updating the call data and capital
needs would be the cost/foot of construction
22
Public Safety
Staff/Committee Recommended Capacity and Impact Fee Changes
23
Recommended Changes From
Committee to City Council
•Update the Park/Trails Impact fee to the
Maximum allowed per updated study to try and
maintain a higher service level
•No changes to Street Impact Fees
▫Can look at sooner,but may wait until 2026 to
start a full re-study
•No changes to police and fire Impact Fees
▫Wait to collect 3 years of call data in new system
▫May consider changes to fees in next year or two
Process For Update
•Review with Staff, Consultant (not always needed),
Advisory Committee
▫May take multiple meetings and input
Recommendation to adopt Impact Fee Analysis
▫Update in this case with interim review between full studies
Recommendation on final fees to city council
•Present to City Council in a regular or 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 any changes to
Impact Fee Analysis and Fee Changes
Adoption of such with passage of a resolution/ordinances
normally required