Background Key Concepts › Agenda › 20131015 › ... · Charlotte County Transportation Impact...
Transcript of Background Key Concepts › Agenda › 20131015 › ... · Charlotte County Transportation Impact...
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Charlotte County Transportation Impact Fee Update1
Building Industry Oversight Committee
October 1, 2013
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Key ConceptsKey Concepts
Next StepsNext Steps4
BackgroundBackground
Findings of Technical StudyFindings of Technical Study3
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Charlotte County Transportation Impact Fee Update2
Transportation Impact Fee
• Updated in 2009
• Indexed annually since 2009
• Wide variation in rates by zone (Urban, Rural 1, Rural 2)
Transportation Impact Fee Update
• Update input variables
• Transition to a single county-wide fee rate
• Provide scenario without sales tax contribution
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Key ConceptsKey Concepts
Next StepsNext Steps4
BackgroundBackground
Findings of Technical StudyFindings of Technical Study3
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Charlotte County Transportation Impact Fee Update3
Transportation Impact Fee Variables:
• Demand Component
Trip Generation Rate, Trip Length, % New Trips
• Cost Component
County & State Roads, Roadway Capacity
• Credit Component
Other County & State capacity expenditures, fuel tax
Demand x Cost – Credit = Impact Fee
Demand Component
• Sources
National ITE Reference (9th Edition)
Florida Studies Data (including local Charlotte studies)
• Demand Calculation
Trip Gen. Rate x Trip Length x % New Trips
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Charlotte County Transportation Impact Fee Update4
Demand per Unit of Development
• Trip Gen. Rate = Number per day
• Trip Length = Travel A to B
• % New Trips = Accounts for trips already on the
roadway
• Interstate/Toll Discount = Accounts for interstate
toll trips (not charged)
Single Family Residential example
• Trip Gen. Rate = 7.81
• Trip Length = 6.62
• % New Trips = 100%
• Interstate/Toll Discount = 15.6%
(7.81 * 6.62 * 100% / 2) * (1-15.6%) = 21.82
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Charlotte County Transportation Impact Fee Update5
Cost Component
• Sources
Local roadway improvements
Recent new construction/lane addition projects
throughout Florida
FDOT Long Range Estimates (LRE)
County Roadway Construction Cost Trend
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
2005 2006 2007 2008 2009 2010 2011 2012 2013
Con
stru
ctio
n C
ost
per
La
ne
Mil
e
2013 Study
2009 Study
County Rds8-yr Trend
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Charlotte County Transportation Impact Fee Update6
State Roadway Construction Cost Trend
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
2005 2006 2007 2008 2009 2010 2011 2012 2013
Con
stru
ctio
n C
ost
per
La
ne
Mil
e
2009 Study2013 Study
State Rds8-yr Trend
Statewide FDOT LRE
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Con
stru
ctio
n C
ost
per
La
ne
Mil
e
2009 Study 2013 Study
State Rds12-yr Trend
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Charlotte County Transportation Impact Fee Update7
Cost Component
Cost Phase County Roads* State RoadsWeighted Average
Design $220,000 $240,000 $225,800
Right-of-Way $1,034,000 $1,128,000 $1,061,260
Construction $2,200,000 $2,400,000 $2,258,000
CEI $220,000 $240,000 $225,800
Total Cost $3,674,000 $4,008,000 $3,770,860
*Based on 3 local improvements and 46 improvements from other counties in Florida- Toledo Blade Corridor from North Port to US 41 (2008)- Piper Rd from Henry St to Jones Loop Rd (2010)- Burnt Store Rd, Ph. I from US 41 to Notre Dame Blvd (2011)
County RdsState Rds
VMC Added per Lane Mile: 10,508
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Charlotte County Transportation Impact Fee Update8
Cost Component
• Weighted Avg Cost per VMC
Cost per Lane Mile: $3,770,860
Avg VMC Added per Lane Mile: 10,508
Cost per VMC: $3.77M / 10,508 = $358.86
Credit Component
$.01 penny
1 CENT
GAS TAX
PER GALLON
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Charlotte County Transportation Impact Fee Update9
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
0.80
0.90
1.00
1.10
Pe
nn
ies
Year
Decrease in Value of 1¢ of Fuel Tax
Fuel Efficiency & Inflation
≈ 10%
Credit Component
• Sales tax set to expire in 2014
Re-adoption is not guaranteed
Even if re-adopted, portion to transportation likely to
decrease
• Scenario 1 – No future sales tax for transportation
• Scenario 2 – Sales tax included at ½ of 2008-2014
allocation
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Charlotte County Transportation Impact Fee Update10
Credit Component
All revenue sources converted to equivalent gas tax
pennies for credit calculation
CreditScenario 1
(w/o Sales Tax)Scenario 2
(w/Sales Tax)
County Revenues $0.107 $0.158
County Debt Service $0.010 $0.010
State Revenues $0.061 $0.061
Total Credit $0.178 $0.229
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Key ConceptsKey Concepts
Next StepsNext Steps4
BackgroundBackground
Findings of Technical StudyFindings of Technical Study3
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Charlotte County Transportation Impact Fee Update11
Single Family Residential Land Use
Scenario 1 (w/o sales tax):
• Demand = 21.82
• Cost Component = $358.86
• Credit Component = $1,547
• Net Impact Fee = $6,283
Charlotte County – Rate Comparison:
Land Use Scenario 1 (wo/Sales Tax)*
Scenario 2 (w/Sales Tax)*
Urban Rural 1 Rural 2
Study Date 2013 2013 2009 2009 2009
Single Family $6,283 $5,830 $1,845 $9,509 $8,779
Light Industrial $3,986 $3,704 $1,190 $7,033 $6,489
Office (<100k) $7,515 $6,968 $619 $3,736 $3,448
Retail (125k) $10,084 $9,256 $2,303 $13,953 $12,896
Fast Food w/DT** $70,920 $64,890 $3,789 $22,930 $21,183
*These are county-wide transportation impact fee rates**DT = drive-thruSingle family is measured per dwelling unit; all other uses are per 1,000 sf
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Charlotte County Transportation Impact Fee Update12
Charlotte County – Rate Comparison (Calculated Rate):
Land Use Scenario 1 (wo/Sales Tax)
Scenario 2 (w/Sales Tax)
Lee Collier Sarasota Polk
Study Date 2013 2013 2011 2010 2007 2008
Adoption % n/a n/a 100% 100% 100% 100%
Single Family $6,283 $5,830 $6,770 $6,133 $5,774 $4,985
Light Industrial $3,986 $3,704 $4,670 $4,619 $2,832 $675
Office (<100k) $7,515 $6,968 $5,410 $9,905 $6,008 $5,310
Retail (125k) $10,084 $9,256 $8,010 $10,924 $11,319 $6,754
Fast Food w/DT* $70,920 $64,890 $32,350 $79,737 $27,243 $65,096
*DT = drive-thruSingle family is measured per dwelling unit; all other uses are per 1,000 sf
Charlotte County – Rate Comparison (Adopted Rate):
Land Use Scenario 1 (wo/Sales Tax)
Scenario 2 (w/Sales Tax)
Lee Collier Sarasota Polk
Study Date 2013 2013 2011 2010 2007 2008
Adoption % n/a n/a 20% 94% 50% 0%
Single Family $6,283 $5,830 $1,354 $5,753 $2,887 $0
Light Industrial $3,986 $3,704 $934 $4,333 $1,416 $0
Office (<100k) $7,515 $6,968 $1,082 $9,291 $3,004 $0
Retail (125k) $10,084 $9,256 $1,602 $10,247 $5,659 $0
Fast Food w/DT* $70,920 $64,890 $6,470 $74,793 $13,621 $0
*DT = drive-thruSingle family is measured per dwelling unit; all other uses are per 1,000 sf
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Charlotte County Transportation Impact Fee Update13
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Key ConceptsKey Concepts
Next StepsNext Steps4
BackgroundBackground
Findings of Technical StudyFindings of Technical Study3
BIOC Input
Workshop with BOCC
Final Report
Adoption Hearing
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Charlotte County Transportation Impact Fee Update14
Questions?
Thank You!