HomeMy WebLinkAboutReport - Read Before Packet - 8/9/2016 - Powerpoint Presentation Re: Agenda Item #2 - Transportation Capital Expansion Fee Assessment1
Transportation Capital Expansion Fee Assessment
City of Fort Collins Engineering
2
• Capital Expansion Fees charge new developments for their
proportionate share of the cost of new capital facilities
required to serve them.
• Currently in the process of updating the Transportation
Capital Expansion Fee
• The Street Oversizing Capital Expansion Fee was
implemented in 1979
• Between 1998 and 2013, constructed $77 Million in
improvements
• Last update in 2005
Introduction
Roadway CIP Plan
3
Transportation Capital
Transportation Capital
Street Oversizing Fees
Developer Local Street
Obligation
Process
4
Council Finance Committee - Nov 2015 and June 2016
P&Z Work session – June 2016
Chamber of Commerce Legislative Affairs – Aug 5, 2016
Council Work Session – August 9, 2016
Transportation Board – August 17, 2016
Outreach to Builders and Developers – Sept thru November
Council Hearing – Fall 2016
Recommended Changes
5
• Changing the name from “Street Oversizing” to
“Transportation Capital Expansion Fee”
• Using Vehicle Miles Travelled (VMT) as the basis for
determining impact, instead of trips generated.
• Simplify the transportation impact fee schedule from 43
categories of use to only a handful; Residential (by size of
unit) and three broad categories for commercial, office, and
industrial.
• Increase fee to include additional improvements
Name Change
6
Changing the name to Transportation Capital
Expansion Fee reflects the purpose of the Program
to expand the transportation system instead of just
widening streets.
VMT as Basis for Impact
7
Using Vehicle Miles Travelled (VMT):
More accurately ties the fee to demand on the transportation
system.
Compared to existing fee rates, will generally result in higher
fees for residential and reduced fees for commercial uses.
8
Simplify the Fee Schedule
9
Currently 43 categories, change to:
• Residential (by size of unit)
• Commercial (single rate)
• Office and other services (single rate)
• Industrial (single rate)
Would match other Capital Expansion Fee rates, reduce
confusion, and simplify administration.
Cost neutral, but would result in higher or lower fees for certain
uses as a result of collapsing the categories.
10
Methodology Change Only Option is calculated on the City’s Capital Improvement
Plan and assumes funding for streets and intersection improvements at similar
levels to the existing program.
11
Methodology Change Plus Option adds the proportionate cost attributable for
mitigation of the impacts of new development of additional intersection turn
lanes, signals, Bike, pedestrian, etc.
Residential Comparison
12
RESIDENTIAL Square
Feet
Current
Fees
Methodolog
y Only TCEF
Methodolog
y Plus TCEF
The Flats MF 1150 $2,143 $3,151 $3,804
Bucking Horse SF 1690 $3,112 $4,089 $4,936
Trail Head SF 1820 $3,112 $4,830 $5,831
Rigden 17th
SF 2490 $3,112 $5,417 $6,539
Non Residential Comparison
13
14
• Are there any questions or concerns about the
adjustments being considered to the Transportation
Capital Expansion fees?
Any comments regarding the idea of further increasing
the fee to capture additional development impacts on
capacity improvements, such as intersections ,
roundabouts, traffic signals, Bike and Pedestrian
improvements?
General Direction Sought:
15