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Transportation Impact Fees

Transportation Impact Fees Presented to the Fort Worth League of Neighborhoods November 2, 2006 Introduction Impact fees are a mechanism for funding the infrastructure necessary to accommodate new development Governed by Chapter 395 of the Texas Local Government Code

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Transportation Impact Fees

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  1. Transportation Impact Fees Presented to the Fort Worth League of Neighborhoods November 2, 2006

  2. Introduction • Impact fees are a mechanism for funding the infrastructure necessary to accommodate new development • Governed by Chapter 395 of the Texas Local Government Code • Transportation impact fees are based on the amount of traffic generated by a new development in terms of vehicle-miles

  3. The Basics Land Use Assumptions: • 10-year growth projections • Growth converted to demand (vehicle-miles) • Updated every five years Capital Improvements Plan (CIP): • Arterial capacity improvements only • Includes completed projects with excess capacity, projects currently under construction, and future projects

  4. The Basics, continued Service Areas: • Funds collected within a service area must be spent within the service area. • Established to follow natural breaks in land use, topography, and transportation elements. • Limited to six mile trip length Fee Calculation: • Impact fee = (the recoverable cost of the Service Area CIP) / (vehicle-miles generated by new development over ten years)

  5. The Basics, continued Maximum vs. Actual: • Impact fee study results in calculation of maximum assessable fee (the actual cost to serve new development in terms of transportation infrastructure) • Impact fee assessment is determined by City Council as a matter of policy, (0-100% of maximum assessable fee) Implementation: • Impact Fees are collected at building permit issuance • Funds must be spent within ten years of collection • Funds may only be spent on projects included in the Impact Fee CIP

  6. Impact Fees in Fort Worth • Current perimeter street policy • Transportation impact fee under consideration; project initiated in late 2005 in response to rough proportionality legislation • Differences between existing policy and Transportation impact fees: • Development scenarios

  7. Advantages • Ability to prioritize infrastructure needs within each service area • Flexibility to construct functional segments of transportation network • Means of funding large-scale infrastructure needs (such as bridges) • Predictability for development community • Equitability

  8. Alternatives • Future bond elections • Tax increase • Moratorium on new development

  9. Project Overview Status: • Land use assumptions and CIP for all service areas projected for completion early December, 2006 Service Areas: • 26 service areas (A-Z) identified within City limits; based on 6-mile trip length Pilot Study: • Service Area D completed in May, for purpose of soliciting stakeholder input and questions. Full pilot study available on City website

  10. Preliminary Results Total CIP: • City-wide recoverable costs totaling approximately $992,000,000.00

  11. Next Steps • Staff review of final study (December / January) • Community review of study and feedback (February - April) • Public hearings on land use assumptions and CIP (Spring) • Adoption of land use assumptions and CIP (Spring) • Public hearings on policy (Summer) • Policy adoption (Summer) • Implementation (Late 2007)

  12. Questions / Comments?

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