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Pasco County Transportation Impact Fee Update

Impact Fee Formula. Impact Fee = Cost x Demand - Credit. Impact Fee Update . Demand increased Costs more than doubledCredits increased . 2002 Cost Per Lane Mile . * Based on lane miles distribution in 2025 LRTP in 2002 update. . 2006 Cost Per Lane Mile. * Based on 2025 LRTP Cost Affordable Plan Lane Miles Added in 2005 update.

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Pasco County Transportation Impact Fee Update

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    1. Pasco County Transportation Impact Fee Update October 18, 2006

    2. a picture on this slide would be nice…a picture on this slide would be nice…

    3. Impact Fee Update Demand increased Costs more than doubled Credits increased

    4. 2002 Cost Per Lane Mile

    5. 2006 Cost Per Lane Mile

    6. Cost Increases County - 322% State - 149% Added Carrying Interstate

    7. Cost Increases ROW - 193% Construction/CEI - 188%

    8. History of Transportation Costs New Slide co081406New Slide co081406

    9. Cost Summary

    10. Demand per Unit Development Trip Length Trips % New Trips Not sure about second bullet wordsNot sure about second bullet words

    11. Demand Analysis in Change

    12. Demand Analysis in Change

    13. Transportation Impact Cost (Single Family Home)

    14. Review of Credits

    15. Fuel Efficiency Trend

    16. Gas Tax Value of Penny Marlo, do you know where the original is for this chart? If you do, I can update it to match our other charts. coMarlo, do you know where the original is for this chart? If you do, I can update it to match our other charts. co

    17. Credits Sources Gas Tax (State and County) Sales Tax (County)

    18. County Credit Gas Taxes – 3.5 pennies Debt Service – 2.1 pennies Sales Taxes – 4.3 pennies Total – 9.9 pennies (6.9 pennies)*

    19. Credits Gas and Sales Tax Give Credit Based on Miles Traveled and Gas Tax Paid Gas Tax does not Increase over Time Single Family Home Gas Tax Credit of $2,805

    20. Impact Fee Single Family Home Cost $15,807 ($5,355)* Credit $2,805 ($1,624)* Fee $13,002 ($3,731)* Note: current indexed fee is $3,928 Adopted 2004 Fee = $3,418Note: current indexed fee is $3,928 Adopted 2004 Fee = $3,418

    21. Impact Fee Comparison Highlight Pasco Proposed fees, want then to stand out like cost slides. Highlight Pasco Proposed fees, want then to stand out like cost slides.

    22. Indexing Proposed Indexing Method Between Updates: ROW Construction

    23. Future Indexing

    24. Actual construction cost increases per year FDOT Price Trends index at 4.1% was too conservative Index vs. Recent Cost Trends

    25. Transportation Costs History text boxes come in on clicktext boxes come in on click

    26. Summary Cost Updated (Recent Trends) Demand Updated (TGR, TL, %NT) Credits Updated (State, County)

    27. CORC Issues 2nd LOGT Ad Valorem Assessment

    28. Credits with 2nd LOGT Single Family Gas Tax Credit of $3,199 ($2,805)* Single Family Fee of $12,608

    29. Gas Taxes vs. Impact Fees graphic 1 – gas tax scenariographic 1 – gas tax scenario

    30. Ad Valorem Assessment Revenue from 1-Mil - $25 M Residential Land Uses Single family home sales in 2005 Average cost = $231,000 per home

    31. Ad Valorem Assessment SF Credit - 1 Mil Dedicated To Capacity Expansion 50% - $3,500 75% - $5,300 100%- $7,100

    32. Impact Fee Single Family Home Proposed Net Fee $13,002 Ad Valorem Credit* $7,100 New Fee $5,902 * - Note should read, “Assumes all revenues from 1-mil dedicated to roadway capacity expansion projects” * - Note should read, “Assumes all revenues from 1-mil dedicated to roadway capacity expansion projects”

    33. Ad Valorem Taxes vs. Impact Fees

    34. Affordable Housing Marlo – better title?Marlo – better title?

    35. The End Questions/Answers

    36. Additional Considerations Fee Options Phasing Indexing

    37. Impact Fee Comparison Demand per Unit of Development All remaining slides should be an optional button for SAT to access in case he is asked for comparative back-up. All remaining slides should be an optional button for SAT to access in case he is asked for comparative back-up.

    38. Recent TIF Studies Costs Update Pasco 2006 Costs see Trends in Cost 8-11-06 file for new table. done co 8/14Update Pasco 2006 Costs see Trends in Cost 8-11-06 file for new table. done co 8/14

    39. Impact Fee Comparison Cost per VMC Update Pasco 2006 figures. done co 8/14Update Pasco 2006 figures. done co 8/14

    40. Impact Fee Comparison Update Pasco 2006 figures in Trends in Costs 8-11-06 file. done co 8/14Update Pasco 2006 figures in Trends in Costs 8-11-06 file. done co 8/14

    41. Impact Fee Options

    42. Phasing and Indexing Option 1 – Including Interstate, Carrying, and Interchange Costs

    43. Trip Length Analysis

    44. Collier Example Comparison of Pasco and Collier SF fee

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