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Page 1: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •
Page 2: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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Spanish-language Interpretation• Select the Interpretation option located at the bottom of your

Zoom screen.

• Si prefiere escuchar esta presentación en español, seleccione la opción Interpretación en la parte inferior de su pantalla.

Page 3: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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Meeting Agenda• Welcome by Susanne Harm, Meeting Moderator• What to Expect, Meeting Guidelines• 1st Poll• Street Impact Fee Program Presentation, Liane Miller• Moderated Panel Discussion & Q&A• 2nd Poll• Recap• What’s Next

Meeting is being recorded and will be made available for viewing on demand.[]

Page 4: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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Three ways to participate1. Q&A - (Preferred) Type your question on the Q&A feature

located at the bottom of your Zoom screen.

2. Chat - Comment using the Chat box which routes to all panelists and hosts in a pop-out window and allows participants to add comments and questions.

3. Facebook: Type your question as a comment under the Facebook Live Feed. We’ll be monitoring each of these and organizing questions or comment for the panelists.

Any questions that are not answered live will be reviewed and selected to be added in our Frequently Asked Questions pdf.

Page 5: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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1st Poll

Page 6: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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Overview of Street Impact Fees

Page 7: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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Impact Fees in Texas• "Impact fee" means a charge or assessment imposed by a

political subdivision against new development in order to generate revenue for funding or recouping the costs of capital improvements or facility expansions necessitated by and attributable to the new development.

• Water, Wastewater, Stormwater, Roadways

Page 8: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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Why Street Impact Fees?

• Determining a method for growth to pay for necessary infrastructure in a way that is:

• Equitable – the same type and intensity development pays equal fee within a Service Area

• Predictable – can determine the fee without doing an intensive study• Transparent – a worksheet to calculate the fee would be publicly available• Flexible – fees collected can be spent within a Service Area on any

projects identified in the study within 10 years of being collected

• Ultimate purpose is to develop a fair and reasonable fee development should pay for vehicle capacity improvements

Page 9: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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Street Impact Fee Study• 17 Service Areas

(6-mi. diameter)• Land Use Assumptions

• Basis for residential and employment growth projections over 10-year period

• Roadway Capacity Plan(defined by Austin Strategic Mobility Plan)

• New roadways• Roadway expansions• Access management• Intersection improvements

CouncilapprovedstudyassumptionsonAugust22,2019

Page 10: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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Study Determines Maximum Impact Fee

𝑴𝒂𝒙𝒊𝒎𝒖𝒎𝑰𝒎𝒑𝒂𝒄𝒕𝑭𝒆𝒆𝑷𝒆𝒓𝑺𝒆𝒓𝒗𝒊𝒄𝒆𝑼𝒏𝒊𝒕

=𝑹𝒆𝒄𝒐𝒗𝒆𝒓𝒂𝒃𝒍𝒆𝑪𝒐𝒔𝒕𝒐𝒇𝑹𝑪𝑷($)𝑵𝒆𝒘𝑺𝒆𝒓𝒗𝒊𝒄𝒆𝑼𝒏𝒊𝒕𝒔𝒐𝒇𝑫𝒆𝒎𝒂𝒏𝒅

=$/vehicle-mile

Page 11: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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Feedback• Groups we’ve met with:

• Austin Chamber of Commerce• Urban Land Institute• Austin Infill Coalition• Austin Neighborhoods Council• Austin Contractors & Engineers Association• American Institute of Architects Austin

Chapter• Real Estate Council of Austin• Home Builders Association of Greater Austin• Evolve Austin• AURA• Bicycle Advisory Council• Friends of Austin Neighborhoods• Texas Society of Professional Engineers,

Travis Chapter• Austin Housing Coalition• Codes & Ordinances Joint Committee• Urban Transportation Commission• Planning Commission

• What we’ve heard:• Smaller and infill development concerns• Encouraging ADUs• Not wanting to disincentivize house-

scale multifamily and missing middle• Considering equity (historic

underinvestment) & affordability• Reductions for deeply affordable

housing• Encouraging sustainable transportation

and meeting ASMP goals• Incentivizing proximity to transit• Considering the impact of parking• Current economic environment• Wanting growth to pay for growth• Desire for simplicity and predictability

Page 12: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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Maximum Impact Fees & Staff Recommended Rates

*HighestrateinServiceAreaK**LowestrateinServiceAreaDT

• Staff utilized IFAC’s percentage but used Citywide values• 50% of maximum for non-residential uses

• $1,215 / vehicle-mile

• 35% of maximum for residential uses• $850 / vehicle-mile

• Simplifies calculation and improves equity

DU=DwellingUnits.f. =squarefoot

InsideLoopmeansServiceAreasentirelycontainedwithinthehighwayboundariesofSH71,US183,andSL360.(F,I,J,L,DT)

LandUse OutsideLoop InsideLoop UnitSingleFam 3,621$ 2,440$ DUDuplex/ADU 2,049$ 1,494$ DURestaurant 14$ 14$ s.f.Office 8$ 7$ s.f.Retail 9$ 10$ s.f.

StaffRecommendedRate

Page 13: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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Fee Reductions• Internal capture (cap of 20% reduction from effective rate)• Transportation Demand Management (cap of 40% reduction from

effective rate)• Affordable housing (up to 100%)• Infill units (100%)• Building reuse (100%)• Maximum cumulative reduction (up to 100% from effective rate)

Page 14: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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Summary of Staff RecommendationsPolicyTopic Recommendation

EffectiveRate 50%ofCitywideMaximumforNon-Residentiallanduses,35%ofCitywideMaximumforResidentiallanduses

Reduction– InternalCapture UseITEMethodology,cappedat20%

Reduction– TransportationDemandManagement

FollowCityprocedurestodetermine,cappedat40%

Reduction– AffordableHousing Tieredapproachstartingw/10%affordableunits,alsoTDM

Reduction– Infillunits Upto3additionaldwellingunitsandnoparking,100%

Reduction– BuildingReuse Previouslyoccupiedbldgs.<1,000sq.ft.addition,100%

ReductionsCumulative Maximumreductionis100%

EffectiveDate Sameasordinanceadoption,nocollectionoffeesfor1year

Page 15: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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Panel Discussion

Page 16: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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Panel Discussion

Page 17: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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2nd Poll

Page 18: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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Recap & What’s Next• Meeting with Planning Commission on July 28, 2020• Public hearing on July 30, 2020• Ordinance approval• Development of administrative procedures

AnyquestionsthatwerenotansweredlivewillbereviewedandselectedtobeaddedinourFrequentlyAskedQuestionspdf.

Page 19: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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Staying Involved• austintexas.gov/streetimpactfee

• Study Final Report• “101” one-pagers on study elements• Status Reports to Mayor and Council• FAQs• Upcoming meetings

• Sign-up for updates on the website

Page 20: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

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QuestionsLiane Miller, AICPAustin [email protected]

austintexas.gov/streetimpactfee

Page 21: SIF JULY 21 SLIDES v2 · •Street Impact Fee Program Presentation, Liane Miller •Moderated Panel Discussion & Q&A •2ndPoll •Recap ... • Real Estate Council of Austin •

Thank you to our panelists!