Alachua CountyMobility Plan

Southwest Alachua CountyTransportation Improvement District

Jonathan B. Paul, AICP, MA2

Jeffrey L. HaysChris Dawson, AICP

Fiscal Impact Analysis

• Tax Increment Finance Plan

• Use % of increase in new general tax revenue for mobility

• Anchored by Transit Oriented Development

• Consistent with Capital Improvements Element

• Allows County or Developer to front-end infrastructure

• Mechanism to fund rapid transit service

TRANSPORTATION IMPROVEMENT DISTRICT

• Not a new tax or fee

• Not a Community Redevelopment Area

• Not a developer giveaway

• Not a property tax break

• Not permanent commitment

WHAT IT IS NOT

Investment in Transportation Mobility

Supports TODs as sustainable land use pattern

Opportunity to expand tax base

Potential to be a Public / Private Partnership

Incentive for economic development & job creation

Promote infill & redevelopment back towards Gainesville

Clear commitment to Mobility & Sustainability

WHY DO IT?

MOBILITY Consistent with Capital Improvements Element

TRANSIT ORIENTED DEVELOPMENT

SOUTHWEST DISTRICT

FISCAL IMPACT

• Utilized Fishkind Fiscal Impact Analysis Model

• Projected Future Revenues based on Celebration Pointe

• Projected Future Expenditures based on existing budget

• 2012-2035 resulted in $33.7 million surplus after TID is funded

FISCAL IMPACT

• 2012-2035 resulted in $33.7 million surplus after TID is funded

FISCAL IMPACT

• 2012-2035 resulted in $-195,910 deficit after TID is funded

Based on 600 units consistent with underlying land use

50% ALLOCATION

• Same Fiscal Analysis using 50% of Tax Increment

• 2012-2035 resulted in $19.2 million surplus after 50% of

Increment is removed

• Due to current budgeting uncertainties staff does not

recommend utilizing this higher percentage.

DEVELOPMENT COMPARISON

Development Haile Plantation Southwest District

Celebration Pointe

Acres 1,628 350 115

Miles of Road 37 10 3

Residential Units

2,686 3,500 2,250

Residential Density

1.65 DU / ACRE 10 DU / ACRE 20 DU / ACRE

Non-Residential 280,000 1,100,000 896,000

Non-ResidentialDensity / FAR

40 SF / CAPITA 137 SF / CAPITA 175 SF / CAPITA

Hotels 0 750 250

% FUTURE GENERAL AD VALOREM REVENUE

STAFF RECOMMENDATION

Receive report and direct staff to continue with

development of Southwest Alachua

County Transportation Improvement District

Ordinance