Loading...
HomeMy WebLinkAboutResolution No 2023 - 06 Adopting Updated Park Impact FeesInstrument # 456169 REXBURG, MADISON, IDAHO 5-11-2023 12:40:07 PM No. of Pages: 16 Recorded for: CITY OF REXBURG KIM H. MUIR Fee: 0.00 Ex-Officio Recorder Deputy_ Resolution Adopting Updated Park Impact Fees Resolution No 2023 - 06 CITY OF REXBURG, IDAHO, ADOPTING A NEW RATE SCHEDULE FOR CERTAIN FEES. WHEREAS, the City Council desires to maintain the overall quality of life experienced by its constituents; and WHEREAS, the City Council desires to set certain fees so that they cover the cost of the services provided through the payment of those fees; NOW THEREFORE, be it resolved by the Mayor and the Council of the City of Rexburg, effective April 6, 2023 that the fees in attached list shall be charged as specified: Fee Code Department Category Description Current Fee Proposed Fee PRKIFDRM Parks Impact Fee Multi Family Dormitory $297.00 $422.00 Impact Fee per Bed PRKIFMFD Parks Impact Fee Multi Family Community $710.00 $1008.00 Impact Fee per unit PRKIFSFD Parks Impact Fee Single Family Impact Fee $1195.00 $1698.00 r unit PASSED BY THE CITY COUNCIL AND APPROVED BY THE MAYOR THIS 5th DAY OF APRIL, 2023. G\ �iO.F.R�-i _s O D A\AO,, ATTEST: Deborah Lovejoy, City Clerk CITY OF REXBURG Madison County, Idaho By: Me Ci of Rex Mayor J Attachment: 2023 Updated Parks and Trails CIP and Impact Fee Analysis City of Rexburg Parks and Trails CIP and Impact Fee Analysis Original study with Zions Public Finance, Inc on May, 20 2020 Updated April 6, 2023 -Updates Highlighted Yellow dty,of Rexburg 1,Parks and'Trails CIP and Impact Fee Analysis; ®© Contents Contents....................................................................................................................................................... 2 Background................................................................................................................................................... 3 Needfor the Study................................................................................................................................... 3 CapitalImprovements Plan.......................................................................................................................... 3 ExistingFacilities....................................................................................................................................... 3 FundingCommitments............................................................................................................................. 5 Analysis of Current Capacity and Usage................................................................................................... 5 LandUse Assumptions............................................................................................................................. 6 Levelof Service Analysis........................................................................................................................... 6 Improvements and Costs Required by New Development...................................................................... 8 Service Units Required by New Development......................................................................................... 8 20-Year Projection of Service Units Required by New Development...................................................... 9 Funding Sources for System Improvements........................................................................................... 10 Joint Development of Public Facilities.................................................................................................... 10 Schedule................................................................................................................................................. 10 Impact Fee Proportionate Share Analysis.................................................................................................. 11 Cost of Existing System Improvements.................................................................................................. 11 Financing of Existing System Improvements.......................................................................................... 11 New Development Contributions to System Improvements Other than Impact Fees .......................... 11 Financing of Existing System Improvements in the Past........................................................................ 11 Credits for System Improvements.......................................................................................................... 12 ExtraordinaryCosts................................................................................................................................ 12 Time and Price Differential in Fees Charged.......................................................................................... 12 OtherFunding Sources........................................................................................................................... 12 Proportionate Share Calculation............................................................................................................ 13 4 z P F I Background Need for the Study The City of Rexburg ("City") completed a Parks and Trails Master Plan in Spring 2018. The City is experiencing strong growth, which puts pressure on the City's existing parks and trails facilities. It is, therefore, prudent to consider the implementation of impact fees, which are one-time fees charged to new development to offset the capital costs associated with new development. The implementation of impact fees allows the City to maintain its existing service levels for park and trail facilities. Any increase in service levels will need to be funded through sources other than impact fees. The Master Plan, along with updated input from the City, forms the basis for this Capital Improvement Plan and Impact Fee Analysis. The City has determined that there is one service area citywide and that there is no excess capacity in any existing park or trail facilities. Only residential development is considered to drive demand for parks and trails facilities and therefore only residential growth has been considered in the determination of impact fees. Capital Improvements Plan Idaho Statute 67-8208(1)(a) — A general description of all existing public facilities and their existing deficiencies within the service area or areas of the governmental entity and a reasonable estimate of all costs and a plan to develop the funding resources related to curing the existing deficiencies including, but not limited to, the upgrading, updating, improving, expanding or replacing of such facilities to meet existing needs and usage; Existing Facilities Project improvements are not included in the analysis; only system improvements are included.' Therefore, all mini parks have been excluded from the calculations. The analysis also does not include any park or trail facilities owned by private homeowner associations, or any facilities that have been acquired through grants or donations. Therefore, the following seven parks totaling 114.76 acres have been included in the analysis. The 2023 updates were recommended by the Impact Fee Advisory Committee and adopted by the City Council. The city saw no increase in existing completed park acres beyond the list shown below in Table 1. Some ground was acquired but is yet to be developed. 1 Project improvements are defined by Idaho Statute as "site improvements and facilities that are planned and designed to provide service for a particular development project and that are necessary for the use and convenience of the occupants or users of the project." System improvements are defined as follows: "System improvements, in contrast to project improvements, means capital improvements to public facilities which are designed to provide service to a service area including, without limitation, the type of improvements described in section 50-1703, Idaho Code." Idaho Code 67-8203 (22) and (28). Section 67-8204 (1) further states that development fees "shall not exceed a proportionate share of the cost of system improvements." City of Rexburg Parks and Trails CIP and Impact Fee Analysis 910 oil TABLE 1: EXISTING REXBURG PARKS Rexburg Parks Eagle Park Nature Park Park Address Park Class Total Acres 450 W 3rd N Special Use 18 300 N 5th W Community 18.3 Riverside Park 50 West 1st N Evergreen Park 801 W Main Street Smith Park 300 E Main Street Porter Park 100 South 2nd W Community Fields 450 E 2nd N Total Community 31.76 Neighborhood 7.66 Community 11.07 Community 11.38 Community _ 16.59 114.76 A detailed list of improvements at each park is provided in Appendix A. A summary of the improvements found at these parks is as follows: In 2023 the improvements list was updated (areas of change noted in yellow) with new improvements built since the 2020 study and produced the following results: TABLE 2: EXISTING PARK IMPROVEMENTS Summary of Improvements Land lrrigated Acres` Paved Acres Outdoor Basketball Volleyball Tennis. B asebalSoftball Soccer Football Restrooms B aseb all Quad/Building Pcn is Tables Play Equipment Large Pavilion/Sheter Small Pavion/Shelter Fire Pit Benches Drinking Fountain Grits Tabies Garbage Receptacles Track Gym Skate Park Pickleball BMX Park Splash Pad Baseball Field Liighrting Field Lighting Unit Total Units Acres 11. 7 F Acres ..2 1; Acres 8.55 Court 3 Court Court Field 8 Field 12 Field 1. Restroom 8 Table 4 Playground 22, Pavilion 2 Para lion Ill Fire Pit 0 Bench 36 Fountain 9 Grit 7 Table 21 Garbage Rece 35 Track 1 Gyro 0 Park 1. Court 4 Park 1 Pad 1 Field In 2023 the City identified existing deficiencies in its park system of .478 acres per 1,000 residents. Based on the most recent completed Parks and Trails Master Plan, the City had established a standard of 3.27 4 City of Rexburg I Parks and Trails CIP and Impact Fee Analysis park acres per 1,000 residents. After reviewing and updating the population in the 2023 study update and after receiving new population estimates with the 2020 census, it was determined that the current level of service is 2.792 acres per 1,000 residents. z The updated 2023 list of Existing trails as identified by the City are summarized in the table below and total 7.94 linear miles. TABLE 3: EXISTING TRAILS Trail ID Trail Name From -To Length (miles) R-4 Evergreen to Ken nedy Trai Evergreen Park to Kennedy Elementry School 0.3 R-25 Porter Park Trail Within Porter Park 0.47 R-37SmithPark Trail Within Smith Park 0.57 13:-27 Rexburg Sugar Trail Rexburg l2nd East) to Sugar City (Rail Road .A,ve i 1.37 R-20 Nature Park within Nature Park 1.51 R-2ea Riverside Park Trail within Riverside Park. OZE 13-12 Jr. High to Hidden Valley Hidden Valley Subdivision to M illhoftvi 0.14 R-23 5th West rv7 ai n to Angela 0.34 R-33 University Blvd 5th I%'to University Village near 7thSouth 0.61.1 R-39 Teton River North Side RR Track to 3rdEast 0.73 R-38 Teton River South Side 1st Eastto Barney Dairy Read 0.61 R-15 Madison Jr. High Trail Barney Dairy Road tolstNorth 0.37 7.94 In 2023 The City had a current level of service for trail miles of 0.193 trail miles per 1,000 persons, calculated by dividing the existing 7.94 trail miles by the 2022 population estimate of 41,106 persons which has been divided by 1,000. The City has stated its desire to at least maintain its existing trail service levels. Impact fees can only be charged to maintain existing service levels. Any increase in service levels will need to be paid for with other funding such as the City's General Fund, Urban Renewal contributions and other grants, donations, etc. Funding Commitments Idaho Statute 67-8208(1)(b) - A commitment by the governmental entity to use other available resources of revenue to cure existing system deficiencies where practical, The City currently has existing system deficiencies of .478 acres per 1,000 persons and .023 trail miles per 1,000 persons. Analysis of Current Capacity and Usage Idaho Statute 67-8208(1)(c) — An analysis of the total capacity, the level of current usage, and commitments for usage of capacity of existing capital improvements, which shall be prepared by a 2 The existing service level is calculated by dividing the 114.76 existing park acres by the updated 2022 population estimate of 41,106 persons, divided by 1,000. 5 City of Rexburg I Parks and Trails CIP and Impact Fee Analysis Elm 1111 qualified professional planner or by a qualified engineer licensed to perform engineering services in this state; The City currently has 114.76 system park acres that qualify for the impact fee level of service, and 7.94 trail miles. The level of current usage is 2.792 park acres and 0.193 trail miles per 1,000 persons. TABLE 4: CAPACITY AND USAGE ANALYSIS Acres/Miles Existing Existing LOS per 1,000 Population Park Acres 114.76 2.792 Trail Miles 7.94 0.193 Land Use Assumptions Idaho Statute 67-8208(1)(d) —A description of the land use assumptions by the government entity, Only residential development creates the need for more parks and trails. Therefore, demand projections are included for population growth as follows: TABLE 5: REXBURG PROJECTED POPULATION GROWTH, 2022-2030 Year Population 2022 41,106 2023 41,981 2024 -- — 2025 2026 2027 2028 2029 2030 Source: City of Rexburg Study after receiving the 2020 census updates 43,789 44,721 46,647 47,640 48.655 Level of Service Analysis Idaho Statute 67-8208(1)(e) — A definitive table establishing the specific level or quantity of use, consumption, generation or discharge of a service unit for each category of system improvements and an equivalency or conversion table establishing the ratio of a service unit to various types of land uses, including residential, commercial, agricultural and industrial, The existing level of service that is impact fee eligible is 2.792 park acres per 1,000 persons, calculated by dividing the 114.76 eligible park acres by the 2022 population of 41,106 persons (divided by 1,000). Therefore, impact fees should only be charged to the existing service level. The City can include park improvements, as well as the cost of park land, in its calculation of impact fees. The table below shows the inventory of park improvements and costs. The level of service for park on City of Rexburg I Parks and Trails CIP and Impact Fee Analysis improvements is calculated by taking the existing improvements and multiplying them by the cost per unit to maintain this same level of investment. TABLE 6: SUMMARY OF EXISTING PARK IMPROVEMENTS Summary of Improvements Unit Cost per Unit Total Units Total Cost Land Acres $40,757* 114.76 $4,677,095 Irrigated Acres Acres $52,000 60.20 $3,130,441** Paved Acres Acres $175,000 8.55 $1,496,250 Outdoor Basketball Court $20,000 3 $60,000 Volleyball Court $15,000 4 $60,000 Tennis Court $65,000 10 $650,000 Baseball/Softball Field $250,000 8 $2,000,000 Soccer Field 12 $0 Football Field 1 $0 Restrooms Restroom $150,000 8 $1,200,000 BaseballQuad/Building Building $512,231 1 $512,231 Picnic Tables Table $800 4 $3,200 Play Equipment Playground $45,000 22 $990,000 Large Pavilion/Shelter Pavilion $52,000 2 $104,000 Small Pavilion/Shelter Pavilion $31,000 10 $310,000 Fire Pit Fire Pit $300 0 $0 Benches Bench $500 36 $18,000 Drinking Fountain Fountain $2,200 9 $19,800 Grills Grill $300 7 $2,100 Tables Table $600 21 $12,600 Garbage Receptacles Receptacle $100 35 $3,500 Track Unit $10,000 1 $10,000 Skate Park Park $250,000 1 $250,000 Pickleball Court $11,000 4 $44,000 BMX Park Park $25,000 1 $25,000 Splash Pad Pad $325,000 1 $325,000 Baseball Field Lighting Field $222,000 4 $888,000 Field Lighting Unit $188,579 2 $377,158 TOTAL ***$16,682,568 *Park land costs are based on recent land purchase comparables - Evergreen Park Extension (1.44 acres at a cost of $190,297; and Eagle Park (8.15 acres at a cost of $200,558). **Subtracts baseball/softball acres so that they are not double -counted with baseball/softball costs ***The improvement total above includes a reduction of $485,807 for grants and donations that were received from 2020 through 2022 fiscal years. The total cost is then divided by 114.76 park acres to arrive at an existing standard of $145,373 per acre. Another way of stating the existing standard for park improvements is $405.85 per capita ($16,682,568 divided by the 2022 population of 41,106 persons). 7 City of Rexburg I Parks and Trails CIP and Impact Fee Analysis The level of service for trails is identified by identifying existing system trails, as shown in Table #3 above. The existing level of service is 0.193 trail miles per 1,000 persons. Another way of stating the existing level of service is $63.08 per capita, calculated by dividing the $2,592,8843 by the 2022 population of 41,106 persons. A summary table showing the equivalent levels of service (LOS) is as follows for parks and trails: TABLE 7: SUMMARY OF EXISTING AND PROPOSED SERVICE LEVELS Summary Equivalency Existing LOS Cost per Proposed LOS Cost per Table LOS Cost per Acre/Mile Capita Capita Parks $145,373 $405.85 $405.85 Trails $326,360 $63.08 $63.08 Improvements and Costs Required by New Development Idaho Statute 67-8208(1)(f) —A description of all system improvements and their costs necessitated by and attributable to new development in the service area based on the approved land use assumptions, to provide a level of service not to exceed the level of service adopted in the development impact fee ordinance; Based on existing service levels, Rexburg will need to acquire and develop 21.08 park acres and 1.46 trail miles over the next eight years, as shown in the table below. This is equivalent to a total cost of $3,540,113 -- $3,063,906 for parks and $476,207 for trails. The additional park acres and trail miles needed are based on maintaining the existing and proposed level of service, which are the same, for new development. Based on an existing park standard of 2.792 acres per 1,000 persons, 21.08 additional park acres are needed due to the estimated growth of 7,549 persons by 2030. Based on a trails standard of .193 trail miles per 1,000 population, 1.46 trail miles are needed to serve the demands created by the additional 7,549 residents by 2030. TABLE 8: SUMMARY OF SYSTEM IMPROVEMENTS AND COSTS NECESSITATED BY NEW DEVELOPMENT Parks Trails Existing LOS per 1,000 Persons (Park Acres or Trail Miles) Existing LOS Cost per Capita Population Growth, 2022-2030 Acres/Miles Needed, 2022-2030 Cost per Acre/Mile Total Cost Necessitated by New Development, 2022-2030 2.792 9 .193 $405.85 $63.08 7,549 7,549 21.08 1.46 $145,373 $326,360 $3,063,906 $476,207 Service Units Required by New Development Idaho Statute 67-8208(1)(g) — The total number of service units necessitated by and attributable to new development within the service area based on the approved land use assumptions and calculated in accordance with generally accepted engineering or planning criteria; 3 Trail costs have been calculated at a cost of $326,360 per linear mile. With 7.94 trail miles, this results in a total cost of $2,592,884. City of Rexburg I Parks and Trails CIP and Impact Fee Analysis all WH The total cost required by new development over the next eight years (2022-2030) is $3,540,113. These costs can be spent for both parks and trails facilities, as best meets the needs of the City at the time of their expenditure. The number of service units has been calculated in dollars. 20-Year Projection of Service Units Required by New Development _ ... ..... .. Idaho Statute 67-8208(1)(h) — The projected demand for system improvements required by new service units projected over a reasonable period of time not to exceed twenty (20) years, The population of Rexburg is projected to grow by 18,649 residents over the next 20 years. TABLE 9: 20-YEAR POPULATION GROWTH PROJECTIONS Year Population 2022 41,106 2023 41,981 2024 42,875 2025 43,789 2026 44,721 2027 45,674 2028 46,647 2029 47,640 2030 48,655 2031 49,691 2032 50,750 2033 51,831 2034 52,935 2035 54,062 2036 55,214 2037 56,390 2038 57,591 2039 58,818 2040 60,071 2041 61,350 2042 62,657 Population Growth, 2022-2042 21,551 Over the next 20 years, the City will need to acquire and improve 60.17 park acres and 4.17 trail miles in order to maintain existing service levels for system improvements. TABLE 10: 20-YEAR CAPITAL FACILITY REQUIREMENTS — PARKS AND TRAILS I City of Rexburg I Parks and Trails CIP and Impact Fee Analysis 20-Year Projections Population Growth, 2022-2042 LOS - Park Acres per 1,000 Persons LOS - Trail Miles per 1,000 Persons Park Acres Necessitated by New Growth, 2022-2042 Trail Miles Necessitated by New Growth, 2022-2042 This represents an investment of $10,105,862, over 20 years, in 2023 dollars. TABLE 11: 20-YEAR CAPITAL FACILITY COSTS — PARKS AND TRAILS Amount 21,551 2.792 0.193 ____...... . . 60.17 4.17 20-Year Projections Acres/Miles Cost per Acre/Linear Mile Total Cost, 20 Years Park Acres Necessitated by New 60.17 $145,373 $8,746,447 Growth, 2022-2042 Trail Miles Necessitated by New 4.17 $326,360 $1,359,415 Growth, 2022-2042 TOTAL, 2022-2042 $10,105,862 Funding Sources for System Improvements _. _---- -...... _.- Idaho Statute 67-8208(1)(►) — Identification of all sources and levels governmental entity for the financing of the system improvements. of funding available to the Potential funding sources include grants, donations, general fund, impact fees and revenue allocation funds. Joint Development of Public Facilities Idaho Statute 67-8208(1)(j) — If the proposed system improvements include the improvement of public facilities under the jurisdiction of the state of Idaho or another governmental entity, then an agreement between governmental entities shall specify the reasonable share of funding by each unit, provided the governmental entity authorized to impose development impact fees shall not assume more than its reasonable share of funding joint improvements, nor shall the agreement permit expenditure of development impact fees by a governmental entity which is not authorized to impose development impact fees unless such expenditure is pursuant to a developer agreement under section 67-8214, Idaho Code, Not applicable. Schedule Idaho Statute 67-8208(1)(k) — A schedule setting forth estimated dates for commencing and completing construction of all improvements identified in the capital improvements plan. The City will spend all impact fees collected within the 8-year timeframe required by Idaho law. These funds will be spent for a wide variety of park and trail facilities including, but not limited to: park land, park improvements (restrooms, ball fields, playgrounds, picnic facilities, sport courts, etc.), and trail improvements. 10 City of Rexburg I Parks and Trails CIP and Impact Fee Analysis Impact Fee Proportionate Share Analysis The Proportionate Share Analysis follows the outline provided in Idaho Statute 67-8207 (2). Cost of Existing System Improvements Idaho Statute 67-8207(2)(a) — The cost of existing system improvements within the service area or areas; The City has not identified any excess capacity in any of its parks and trails facilities. Therefore, the cost associated with facilities is related to the cost of constructing similar facilities in 2023 dollars. This establishes the level of service that must be maintained by new development. The cost of existing system improvements is $16,682,568 for parks per Table 6. The cost of existing system improvements is $2,592,884 for trails, calculated by multiplying the City's 7.94 trail miles by an average cost of $326,360 per mile. Financing of Existing System Improvements Idaho Statute 67-8207(2)(b) — The means by which existing system improvements have been financed, There is no debt outstanding on any parks and trails system improvements. Therefore, no credits need to be made for outstanding debt. Any parks and trail facilities that were acquired through grants or donations have not been included in the level of service for the calculation of impact fees. The park and trail facilities that were included were paid for through either the General Fund or from Revenue Allocation Funds. New Development Contributions to System Improvements Other than Impact Fees Idaho Statute 67-8207(2)(c) — The extent to which the new development will contribute to the cost of system improvements through taxation, assessment, or developer or landowner contributions, or has previously contributed to the cost of system improvements through developer or landowner contributions. The City does not intend to bond for future park improvements; therefore, no double payments will occur by new development. There are no bonds outstanding on existing park and trail facilities and therefore no recent past payments have been made for these types of facilities. The City may choose, at its discretion, to accept donations of land or park/trails improvements from developers. In this case, the impact fee should be offset by the donations. Some of the improvements added to the Parks Capital list from 2020 through 2022 were funded with grants and contributions. These respective amounts received were $485,807 and reduced the total cost of improvements for parks that was used to derive the updated impact fee. Financing of Existing System Improvements in the Past Idaho Statute 67-8207(2)(d) — The extent to which the new development is required to contribute to the cost of existing system improvements in the future. The City has no existing, outstanding bonds or leases for park or trail facilities. Therefore, new development will not be required to pay for existing facilities. City of -Rexburg I Parks and Trails CIP and Impact Fee Analysis 12 Credits for System Improvements Idaho Statute 67-8207(2)(e) — The extent to which the new development should be credited for providing system improvements, without charge to other properties within the service area or areas, For parks and trails, new development will not be required to provide oversize system improvements that will benefit other properties in the service area. Therefore, no reimbursement agreements or credits are applicable. Extraordinary Costs Idaho Statute 67-8207(2)(f) — Extraordinary costs, if any, incurred in serving the new development, Not applicable. Time and Price Differential in Fees Charged .._.._._ __ .-_______._... _ _...____ -. _ .___.. ___ .. __.__ . _._ .._... Idaho Statute 67-8207(2)(g) — The time and price differential inherent in a fair comparison of fees paid at different times, The City anticipates updating its CIP and Impact Fee Proportionate Share Analysis every few years. At these times, the City will update the costs associated with purchasing land, making park improvements and constructing trails. This will ensure a fair comparison of fees paid at different times. Other Funding Sources Idaho Statute 67-8207(2)(h) - The availability of other sources of funding system improvements including, but not limited to, user charges, general tax levies, intergovernmental transfers, and special taxation. The governmental entity shall develop a plan for alternative sources of revenue. User Charges. User charges are most often charged in connection with the operation and maintenance of facilities. It is not anticipated that user fees would be charged for the construction of parks and trails capital facilities. General Tax levies. While general tax levies may be used to fund park and trail facilities, the General Fund is only intended to be used for system improvements if the situation arises that the City desires to raise the existing service levels to meet new proposed service levels. Impact fees are intended to be used to maintain existing service levels through acquisition of the facilities needed due to new growth and development. Intergovernmental Transfers. The City can borrow money from other City funds in order to construct park and trail facilities and then later repay those funds as impact fee revenues are collected. At this time the City has no plans to use intergovernmental transfers. Special Taxation. The City does not intend to issue debt or impose special taxes to fund park and trail facilities. Donations and/or Grants. The City may receive donations or grants from public or private entities, such as urban renewal, to offset some of the costs for constructing parks or trail facilities. 12 e City of Rexburg I Parks and Trails CIP and Impact Fee Analysis Proportionate Share Calculation There are three main cost components in the calculation of impact fees: • New construction of parks and trails facilities; • Consultant costs; and • Credits New Construction of Parks and Trails Facilities New construction costs are calculated by first taking the number of acres needed (21.08) by new development over the next eight years. This calculation is based on population growth and maintaining the existing level of service of 2.792 acres per 1,000 persons. The cost for the additional acres is then calculated by multiplying the 21.08 acres by the cost of $145,373 per acre (existing cost for land and improvements) to reach a total cost of $3,063,906. The total cost is then divided by the projected population growth of 7,549 persons over the next eight years to arrive at a total cost of $405.85 per capita. TABLE 12: PROPORTIONATE SHARE CALCULATION — NEW CONSTRUCTION COST FOR PARKS New Construction — Parks Amount Impact -Fee Eligible Park Acres 114.76 Existing LOS - Park Acres per 1,000 2.792 Existing Park Improvements - Total Cost $16,682,568 Existing LOS per Capita — Parks $405.85 Population Growth, 2022-2030 _ s 7,549 Acres Needed, 2022-2030 21.08 Park Improvements Needed at Existing Standard $3,063,906 Cost per Capita $405.85 The per capita cost for trails is calculated in a similar manner to that of parks. The total trail costs necessitated by new development over the next eight years ($476,206.91)4 is divided by the population growth of 7,549 over that time period. TABLE 13: PROPORTIONATE SHARE CALCULATION —NEW CONSTRUCTION COST FOR TRAILS New Construction — Trails Impact Fee Eligible Trail Miles Existing LOS per Capita —Trails Existing Trail Improvements -Total Cost Existing LOS per Capita — Trails Population Growth, 2022-2030 Trail Miles with Improvements Necessitated by New Development, 2022-2030 ............_.........__._........... 4 Total trail costs necessitated by new development over the next eight years ($476,206.91) is calculated by multiplying the 1.459 additional trail miles necessitated by new development by an average cost per mile of $326,360. The additional 1.459 trail miles necessitated by new development is calculated by multiplying the existing level of service (LOS) of 0.193 miles per 1,000 population by the population growth of 7,549 persons (divided by 1,000) over the next eight years 13 City of Rexburg I Parks and Trails CIP and Impact Fee Analysis New Construction —Trails Amount Cost per Mile $326,360 Trail Costs Necessitated by New Development, 2022-2030 $476,206.91 Cost per Capita $63.08 *The cost of existing trail improvements is calculated by multiplying the existing 7.94 trail miles by an average cost of $326,360 per trail mile. Consultant Cost The cost of preparing this analysis can also be included in the calculation of impact fees. The cost of $10,000 is divided among the projected population growth of 7,549 persons over the next eight years. TABLE 14: PROPORTIONATE SHARE CALCULATION — CONSULTANT COSTS Consultant Costs Amount Parks Consultant Costs $10,000 Population Growth, 2022-2030 7,549 Cost per Capita $1.32 rrarlitr Credits are made for the existing fund balance in the park impact fee account. The existing funds can be used to offset the capital costs needed for future development and thus reduce the cost to new development. TABLE 15: PROPORTIONATE SHARE CALCULATION —CREDIT FOR PARKS AND TRAILS IMPACT FEE FUND BALANCE Credits for Fund Balance Park Impact Fee Fund Balance $365,100* Population Growth, 2022-2030 7,549 Credit per Capita ($48.36) *Impact fee fund balance as of 9/30/22 provided by the City of Rexburg. The fund balance dropped significantly between 2018 and 2022 fiscal yearend due to the construction of the baseball quad, which was already included in the park acreage of the 2020 study. No other credits are necessary for outstanding bonds, debt obligations, leases or other factors. Summary of Proportionate Share Analysis Total costs per capita are summarized as follows: TABLE 16: PARKS AND TRAILS IMPACT FEE SUMMARY — PER CAPITA COSTS Summary of Per Capita Fee Park Cost $405.85 Trails Cost $63.08 Consultant Cost $1.32 Less: Fund Balance Credit ($48.36) TOTAL Maximum Per Capita Fee $421.89 14 City of Rexburg I Parks and Trails CIP and Impact Fee Analysis HIM 1111 Fees will be charged on a residential unit basis for Single -Family and Multi -Family Community Housing; and on a per capita basis for Multi -Family Dormitory Housing. Therefore, the per capita cost has been multiplied by the average household size of single-family and multi -family community housing units. The City can choose to charge up to the maximum fee for single-family units and multi -family community housing units. For multi -family dormitory housing, it is recommended that the City charge on a per bed basis, with the per bed fee the same as the maximum per capita fee. TABLE 17: PARKS AND TRAILS IMPACT FEE SUMMARY -PER HOUSEHOLD MAXIMUM FEES Maximum Impact Fees Household Size* Maximum Fees Single -Family Residence 4.025 $1,698.10 Multi -Family Community Housing 2.390 $1,008.31 Multi -Family Dormitory Housing Assess by # of beds $422 per bed *Source: City of Rexburg **For example, 6 beds in Multi -Family Dormitory Housing would equal a fee of 31 15