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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 03/23/2004 - STREET OVERSIZING FEE UPDATE DATE: March 23, 2004 STUDY SESSION ITEM STAFF: Matt Baker FORT COLLINS CITY COUNCIL SUBJECT FOR DISCUSSION Street Oversizing Fee Update. GENERAL DIRECTION SOUGHT AND SPECIFIC QUESTIONS TO BE ANSWERED The Street Oversizing Program continues to be a financially viable program for constructing transportation infrastructure in newly-developing areas. Periodic recalculations of the Street Oversizing fee schedule are necessary to ensure that fee revenues will be sufficient to pay for the cost of improvements that the program will be constructing. Staff has been looking at two revisions to the Street Oversizing Program for the past several months. The first is a routine update required to recover costs and keep the program solvent. The second is a fairly significant change of direction for the program— an expansion of the cost recovery of the program into older areas of town, for capturing development's proportional share of upgrading existing intersections to current standards. 1. The recently adopted East Mulberry Plan tripled the miles of arterial and collector streets required to serve the zoning and density proposed in this planning area. The Street Oversizing fees have been recalculated to recover these increased costs. 2. Staff is also contemplating a Street Oversizing Program adjustment to recover costs for the proportional share of intersection standards improvements. This expansion of the cost recovery would help pay for upgrading intersections to meet current standards for all modes of transportation.Staff is looking at this revision in conjunction with proposed CCP funding for intersection improvements. The Street Oversizing Program is a one-time impact fee on development,and is used to mitigate the impacts of new development on the transportation network. Impact fees cannot be used to correct existing deficiencies in the transportation system. However,to the extent that new development impacts and benefits from these intersection upgrades, costs can legally be recovered.This means that intersections currently deficient in capacity must be corrected using Community Capital Program (CCP) funding. But upgrades to the intersection to meet current street standards can be borne proportionally by existing residents and new development. Staff is seeking direction on the following questions: • Does Council have any questions or concerns about the routine adjustments that are proposed to the Street Oversizing fees? • What are Council's comments regarding the idea of expanding the Street Oversizing Fee to recover new developments' proportional share of intersection improvement costs in established areas of the City? Street Oversizing Capital Expansion Fee City Council Study Session March 23, 2004 Street Oversizing Program o Collects an impact fee for each new building permit based on traffic generated. o Reimburses developers for oversized portion of arterial and collector streets within and adjacent to their developments. o The development creates a need for "oversized" (wider) streets, sidewalks, and other transportation facilities for which a charge is imposed. o The charge may not exceed the cost of meeting the additional demand that the development generates. 1 Calculation of Improvements Necessary with New Development • Construction cost estimate of Oversizing improvements In rV -- needed adjacent to development land e Based on the City's Master Street Plan • Includes oversized portion of roadways, structures, sidewalks, engineering, traffic signals, and bike lanes • Street Oversizing Cost Splits for a Four-Lane Arterial Street 1, Ito StratOrEn¢Np CkyPortbn, D�rebperPoytim , NOTE.tiame arm aecusryegPMPCae L,.._., rw1.7 FCMM by fie Epee:OeivN "ren 2 Completed Projects 1998 to 2003 * Shields Street oZiegler Road o Harmony Road oNortheast Area Overlay Realignment *Timberline Road o Drake Road oCivic Center Phases I & II o Centre Avenue oKechter Road o Lincoln Avenue oHarmony and Ziegler * Timberline and Drake oFossil Creek Parkway o Timberline and oShields/Prospect Harmony Intersection o Mulberry Crossing oSeneca Street (Wal-Mart) o Overland Trail oLemay Avenue r 3 Completed Improvements Between 1998 and 2003, the Street Oversizing Program constructed: s• 40.6 lane miles of roadway, including 66 auxiliary turn lanes 5.5 miles of landscaped medians :• 29.2 miles of bike lanes 15.1 miles of sidewalks :• 35 enhanced crosswalks •:• 10 bus pads (4 with shelters) •:• 32 traffic signals or signal upgrades $24.6 million in transportation improvements • 2004 Inflation Increase (l .7%) 2003 2004 oSingle Family per DU $1 ,973 $2,006 oApartment per DU $1 ,264 $1 ,285 oLight Industrial per sq. ft. $ 1 .41 $ 1 .43 oOffice per sq. ft. $ 3.30 $ 3.35 oCommercial per sq. ft. $ 4.89 $ 4.98 " DU = Dwelling Unit • 4 Current Master Street Plan Changes o East Mulberry Sub-Area Plan recently adopted adds significant street network. o South College Access Plan recently adopted defines level of median enhancement and bike lane additions. Additional collector streets needed. - East Mulberry Plan - Master Street Plan Revisions Previous New 17.61 62.13 Lane Miles Lane Miles • 5 East Mulberry Plan 2004 Rate Proposed oSingle Family per DU * $2,006 $2,210 *Apartment per DU $1 ,285 $1 ,416 *Light Industrial per sq. ft. $ 1 .43 $ 1 .57 *Office per sq. ft. $ 3.35 $ 3.69 *Commercial per sq. ft. $ 4.98 $ 5.49 * DU = Dwelling Unit • Revision to Street Oversizing Intersection Standards Improvement Costs a Increase capacity and maintain adequate levels of service for all modes. oAdd turn lanes, enhanced crosswalks, landscaped medians and pedestrian refuge islands, bike lanes and signal improvements. oConcrete Paving to reduce life cycle costs. 6 Intersection Standards Improvements The Street Oversizing Program is a one-time impact fee and cannot be used to correct existing deficiencies in the transportation network. To the extent that new development impacts and benefits from intersection upgrades, costs can be recovered. Funds collected for intersection standards improvements would only be used in conjunction with CIP funding for intersection improvements. Intersection Improvements 0 37 Existing Arterial/Arterial Intersections 0 Capacity improvements . 61 double left turn lanes . 84 dedicated right turn lanes 0 Standards Improvements . turn lanes . enhanced crosswalks . landscaped medians and pedestrian refuge islands . bike lanes and signal improvements . Concrete Paving • 7 Prospect and Lemay Intersection CIP (existing deficiencies) O Right Turn Lane - EB to SB CIP/SOS (68.4%/31.6%) o Bike Lanes o Landscaped Medians �� • O Pedestrian Refuge Islands o Enhanced Crosswalks • Taft Hill Road and Elizabeth Street Intersection CIP (existing deficiencies) 0 4 lane Elizabeth (to East) 0 Right Turn Lanes CIP/SOS (68.4%/31.6%) o Bike Lanes o Landscaped Medians o Pedestrian Refuge Islands Hat o Enhanced Crosswalks • 8 Laporte and Shields Intersection CIP (existing deficiencies) o Geometric Improvements o Additional travel lane, all 4 legs a o Right Turn Lanes CIP/SOS (68.4%/31.6%) + o Bike Lanes o Landscaped Medians o Pedestrian Refuge _ Islands o Enhanced Crosswalks • CIP/SOS Responsibility Assignment o2025 Total Projected Vehicle Trips . Fort Collins GMA: 976,813 o2003--2025 Trip Increase from New Development . Fort Collins GMA: 308,727 31 .61 % of trips will be from new development 9 i Intersection Improvements Proposed fee rates o Single Family per DU * $2,928 o Apartment per DU $1,876 o Lt. Industrial per Sq. Ft. $ 2.09 o Office per Sq. Ft. $ 4.89 o Commercial per Sq. Ft. $ 7.27 DU = Dwelling Unit • Proposed Revisions to SOS Fee Intersection East Mulberry Improvements Proposed Fee 2004 Fee Plan(add) (add) Residential $2,006/du S.F. $204/du $718/du $2,926/du Light Industrial $1.43/sf $.14/sf $.52/sf $2.09/sf Office $3.35 $.34/sf $1.20/sf $4.e9/sf Retail $4.98 $.51/sf $1.78/sf $7.27sf 10.2% 35.8% 46.0% increase increase increase • 10 Single-Family Dwelling Fees Sin le Dwellina Transportation If act Fee ® Berthoud ■ Evans ❑ Fort Collins $3,000 '<. ❑Greeley ■Johnstown $2,000 ". � to Larimer County $1,000 ■ Loveland ❑ Milliken $0 ■Weld County ■Windsor Comparison of Front Range Transportation Impact Fees Specific dollar amounts for the individual entity single dwelling fees: o Berthoud........................$1,683 o Evans............................$1,078 o Fort Collins.....................$2,006 ($2,928) o Johnstown......................$1,150 o Larimer County................$1,749 o Loveland........................$2,962 o Milliken..........................$1,000 o Weld County*..................$1,878 o Windsor.........................$1,221 The NFRMPO communities of Garden City.Timnath and LaSalle were not included in the dwelling fee chart as they have do not have transportation impact fees Weld County currently has transportation impact fees in place in the unincorporated Windsor area • 11 6260,000 u a tW 6230,000 N _W i 6160,000 J t � 6110,000 W V Z N i $60,000 $104,548 $59,801 $10,000 .,V969 (29.9%) 1990 1998 - 2001 Fee Examples Current Proposed o Medical Office $25,440 $37,320 o Warehouse $39,410 $58,800 o Retail Commercial $73,350 $107,600 o Convenience Store $149,160 $218,880 O Grocery Store $589,500 $879,400 oBuilding Materials $573,000 $841 ,200 12 Public Input oTransportation Board oGrowth Management Lead Team oHomebuilders Association a Chamber of Commerce o City Council Work Session o Planning and Zoning Board Work Session oAffordable Housing Board oCity Council Hearing 13