HomeMy WebLinkAboutOffice Memo - IFAC Meeting CIP 2016 11 17 finalDATE: November 14, 2016
TO: Impact Fee Advisory Board
FROM: Anna Rosenberry, Administrative Services Director
Craig Woolard, Public Works Director
SUBJECT:
Recommendations to the Commission for the Impact Fee Capital Improvement Plan (CIP) Schedules for Fiscal Years 2018-2022
_________________________________________________________________________
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Once again, Impact Fee Advisory Board needs to make recommendations on the Capital Improvement Plan for the upcoming budgeted expenditure of Impact Fee money for:
Fire
Impact Fee Fund
Water Impact Fee Fund
Wastewater Impact Fee Fund
Street Impact Fee Fund
In updating the schedules, we have the opportunity to remove items that have been completed or
are no longer needed, adjust project costs estimates, and add projects that are needed. We drop the current fiscal year (FY17) from the plan and extend the plan by a year, to encompass
FY22.
Fire Impact Fee Fund – Attached is a draft Fire Impact Fee CIP. We believe this schedule is complete and ready for the Committee to discuss and take action.
Items of Note:
Fire
Station #4 appears to be within our 5-year planning horizon. We will know more after the completion of the Fire Master Plan, occurring in FY17.
Revenue estimates for Fire Impact Fees
have been updated with the 5-year average collection amount, detailed on the following page.
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Fund 113 - Fire Impact Fees
Fiscal Year
Revenue
Change
2012
$ 247,000
-
2013
$ 406,000
64.4%
2014
$ 298,000
-26.6%
2015
$ 430,000
44.3%
2016
$ 348,000
-19.1%
5-Year Average
$ 345,800
Street Impact Fee Fund – Attached is a staff-recommended Street
Impact Fee CIP. We have continued to make programmatic changes to the construction and funding of street improvements.
Items of Note:
In addition to furthering our “corridor”
approach to construction, the Commission made recent changes that allow waivers for certain projects that are within the first 3 years of the Capital Improvements Plan and have all the
necessary right-of-way and funding plans. We can discuss this policy change more – and its effects on the CIP financial picture.
Revenues have been updated to reflect the 5-year average for Street Impact Fee collections. Fiscal Year 2016 collections mark a record for the program at $4.2 million. This is up from
the previous high-marks of $4.0 million in FY15, $3.6 million in FY05, and $3.3 million in FY07. The 5 year average is calculated to be $2.9 million and has been included as an estimate
of revenue in the plan.
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Revenue History - Street Impact Fees
Amount
Change
2012
1,152,556.0
-
2013
2,549,256.0
121%
2014
2,934,549.0
15%
2015
4,016,986.0
37%
2016
4,214,936.0
5%
Average
2,391,273.4
In conclusion, we’ll be looking
to discuss these numerous policy items with the Committee so that we can complete the draft Capital Improvement Plans and bring them back for Committee approval. Once approved by the
Committee, we will deliver them to the City Commission. We have tentatively scheduled:
December 1st - Impact Fee Advisory Committee reviews Water Impact Fee and Wastewater Impact Fee Schedules and completes recommendations
December 5 – City Commission presentation and
adoption of Fire Impact Fee Capital Improvement Plan
December 12 – City Commission presentation and adoption of Street, Water & Wastewater Impact Fee Capital Improvement Plans
Attachments:
Draft
– Fire Impact Fee CIP – FY18-22
Draft - Street Impact Fee CIP - FY18-22