economic incentive plan and impact fee update board of county commissioners work session february 7,...
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Economic Incentive Plan
and Impact Fee Update
Board of County CommissionersWork Session
February 7, 2012
Purpose
Economic Incentive Plan
• Background
• Economic Incentive Plan
• Recommendation
• Next Steps
Impact Fee Update
Presentation Outline
• Provide an overview of 2009/2011 Economic Incentive Plan
• Status Report on various Impact Fee Reviews
Purpose
Background
Challenging Economic Conditions
• Required measures to allow continued development activity and support local businesses
• Extending permits and concurrency accounts would promote economic activity, help grow the tax base and create jobs
• Promoting Infill and Redevelopment minimizes sprawl and optimizes the use of existing infrastructure
Background
• BCC Adopted Economic Incentive Ordinance in 2009 and 2011 to support development activity and maintain revenues
• Benefits
– Keep existing development projects active
– Decrease refund requests of prepaid impact fees
– Promote Redevelopment
– Customer Service
Economic Incentive Plan
2009 Ordinance
• Extended Building Permits existing as of January 6, 2009 through December 31, 2010
• Suspended Automatic Impact Fee Indexing
– Fire 3.5% March 2011
– Law 2.5% March 2011
– Parks 7.4% March 2011
– Road 3.0% June 2011
Economic Incentive Plan
2009 Ordinance (cont.)
• Waived Increased Impact Fees (Roads, Law and Fire) for Changes in Use
– Existing Buildings
– Same Building Footprint
– Located in Urban Service Area (USA)
– Required to be consistent with Comprehensive Plan and Existing Zoning
• Currently evaluating impact of this provision
Economic Incentive Plan
2009 Ordinance (cont.)
Modified Concurrency Provisions
• Capacity Encumbrance Letters
– Extended for one year (from 180 days)
• Capacity Reservation Certificates
– Extended for 5 years (from 3 years)
– Allowed for Incremented Payments over extended period of time
Ordinance Provision expired December 31, 2010
Economic Incentive Plan
2011 Ordinance
• Extended 2009 provisions for one year (retroactive to January 1, 2011)
– Suspended Impact Fee Indexing until fees are updated
– All Impact Fees will be updated this year
• Ordinance expires on March 31, 2012
Recommendation
• Amend Ordinance to extend provisions until March 31, 2013
• Benefits
- Keeps development projects alive
- Fosters infill and redevelopment
- Protects revenues
- Continued customer service
Next Steps
• Public Hearings
LPA Public Hearing (February 16, 2012)
BCC Public Hearing (March 6, 2012)
• Staff will bring back recommendations related to Change of Use
• No Action Requested at this time
Impact Fee Update
Background
• Definition:
Impact Fees are one-time assessments charged by local governments to new development to fund a proportionate share of capital improvements attributed to that development.
Impact Fee Update
Background
• Impact Fees
– Fire/Rescue Services
– Law Enforcement
– Roads
– Parks and Recreation
– Schools
• For Capital expenditures only
Impact Fee Update
Background
• Require periodic review
• In May 2011, BCC approved 25% reduction
• School Impact Fee updated in June 2011
• Consultants finalizing or completed updates
Impact Fee Update
Review Process
• Development Advisory Board (DAB)
• LPA Work Session
• LPA Public Hearing
• BCC Public Hearing
Impact Fee Update
Review Status
• Transportation Impact Fee
LPA (February 16, 2012 & March 15, 2012)
BCC (TBD)
• Parks and Recreation
DAB (February 15, 2012 & March 7, 2012)
LPA (March 15, 2012 and April 19, 2012)
BCC (TBD)
• Law Enforcement and Fire/Rescue
Drafts under final review
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