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Presented By Public Resources Management Group, Inc. RECREATION IMPACT FEE STUDY Prepared: December 9 th , 2013. City of Palm Coast Recreational Impact Fees. Map of DRI Areas: Old Brick Township Neoga Lakes SR 100 Palm Coast Park. City of Palm Coast Recreational Impact Fees.
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Presented By Public Resources Management Group, Inc. RECREATION IMPACT FEE STUDYPrepared: December 9th, 2013
City of Palm CoastRecreational Impact Fees • Map of DRI Areas: • Old Brick Township • Neoga Lakes • SR 100 • Palm Coast Park
City of Palm CoastRecreational Impact Fees Summary of DRI Costs and Dwelling Units
City of Palm CoastRecreational Impact Fees Impact Fee Alternatives [1] Alternative 1 does not recognize the projects and related population/dwelling units for the following DRI Areas: Neoga Lakes, Old Brick Township, Palm Coast DRI and State Road 100 DRI. [2] Alternative 2 does not recognize the projects and related population/dwelling units for the following DRI Areas: Neoga Lakes and Old Brick Township.
City of Palm CoastRecreational Impact Fees Fee Calculation With DRI’s Added Back in the Future
City of Palm CoastRecreational Impact Fees Revenue Effect of Alternative Impact Fees [*] [*] Delaying cost recovery of DRI projects results in a significant shift of funding responsibility to the City’s tax payers.
City of Palm CoastRecreational Impact Fees Recommendations • Implement Proposed Revised Impact Fee • Alternatives present lower fees in the near term only • Alternatives result in overall significant revenue losses that would then have to be recovered from the taxpayers
City of Palm CoastRecreational Impact Fees Recommendations • Recognize DRIs when entitlements are granted • Broadens base for need identification and cost recovery
City of Palm CoastRecreational Impact Fees Discussion & Questions