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Financing Capital Facilities 3: Number Crunching

Financing Capital Facilities 3: Number Crunching. Calculating a Pro Rata Share. Dunedin’s water impact fee 2 MG/D plant expansion cost $15 million Cost per gallon $7.50 A single family requires 200 G/D Cost per home $1,500. St Johns County school fee.

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Financing Capital Facilities 3: Number Crunching

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  1. Financing Capital Facilities 3: Number Crunching

  2. Calculating a Pro Rata Share • Dunedin’s water impact fee • 2 MG/D plant expansion cost $15 million • Cost per gallon $7.50 • A single family requires 200 G/D • Cost per home $1,500

  3. St Johns County school fee • One single family home has 0.44 school kids • The weighted cost per student to build a school was $16,423 • School capital cost per home • $7,226.

  4. Palm Beach County road fee • Each new home generates • 10 vehicular trips per day • Average trip length of 6 miles • 50% charged to the home • 50% charged to the destination of the trip • 30 vehicular miles of travel per day

  5. Palm Beach County road fee continued • One lane of road, one mile long can accommodate 7,809 vehicles per day • 30 vehicular land miles of travel require 0.00384 lane-miles of roadway • 30 ÷ 7,809 = 0.00384 • Or one lane of road, 20.28 feet long • One lane-mile of road costs $1,461,194 • 0.00382 lane-miles of road costs $5,611, the cost of a single family home.

  6. Setting an impact fee • What is included in “a pro rata share of reasonably anticipated costs of expansion?” • Take St Johns’ school fee. • Approximately 50% of the $7,226 cost per home is paid by the State of Florida. • Is that portion of the $7,226 cost – 50% – part of the reasonably anticipated costs of expansion to St Johns County?

  7. If a cost is borne by some other entity, perhaps it is not a part of “a pro rata share of reasonably anticipated costs of expansion.” • But no court has ever said that! • However, did it cost St. Johns County $7,226 or • did it cost St Johns County $3,613 and the state of Florida $3,613?

  8. Dedicated revenues • A new home in Palm Beach County places 30 VMT on the roads per day • 10,950. • At an MPG of 15.579,that same home would consume 703 gallons of motor fuel per year. • Motor fuels in Palm Beach County at taxed at $.455 per gallon. • That home will pay $320 per year toward the upkeep of roads. • What about that?

  9. What Palm Beach County does • The ¢45.5 in gas taxes are divided • ¢23.2 to new road construction and • ¢22.3 to road maintenance • $163 per year to new road construction and • $157 to road maintenance. • Palm Beach “credits” each home with the present value of $163 for 25 years at 5%, or $1,818.

  10. What Palm Beach County does • In Palm Beach County • Single family home road cost $5,611 • Gas Tax “credit” $1,818 • Net cost $3,793 • Road Impact Fee $3,603 • Why the 5% reduction? • To be nice!

  11. What Palm Beach County does • Palm Beach County does not have to be “nice.” • But, does Palm Beach County have to “credit” the home by $1,818? • If Palm Beach County charged the home a fee of $5,611 and also got the $163 a year in gas taxes from that home, • Is the result more than “a pro rata share of reasonably anticipated costs of expansion?”

  12. Bradenton Public Safety Fee

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