Loading...
HomeMy WebLinkAboutFire Impact Fee CIP Memo 21-25 10.24.19 and Fire CIP DATE: October 24, 2019 TO: Impact Fee Advisory Board FROM: Kristin Donald, Finance Director SUBJECT: Recommendations to the Commission for the Fire Impact Fee Capital Improvement Plan (CIP) Schedules for Fiscal Years 2021-2025 _____________________________________________________________________________________ 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 the following: • Fire Impact Fee Fund • Street Impact Fee Fund • Water Impact Fee Fund • Wastewater 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 (FY20) from the plan and extend the plan by a year, to encompass FY25. Street Impact Fee Fund, Water Impact Fee Fund and Wastewater Impact Fee Fund are scheduled for the First Thursday of November, which is November 7th. The third Thursday will be scheduled if needed for any additional discussion. Fire Impact Fee Fund– Attached is a staff-recommended Fire Impact Fee CIP Section, which shows the summary and details of the plan. We will be looking to discuss these 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: • October 24, 2019 - Impact Fee Advisory Committee reviews Fire Impact Fee Schedules and completes recommendations • November 4- City Commission presentation and adoption of Fire Impact Fee Capital Improvement Plan Attachments: Draft – Fire Impact Fee CIP Section – FY21-25   FIRE IMPACT FEE FUND FINANCIAL SUMMARY  Fire Impact Fee Capital Improvement PlanFinancial SummaryCurrent YearFY20 FY21 FY22 FY23 FY24 FY25UnscheduledProjected Beginning Reserve Balance Dedicated to CIP2,708,198$     3,124,332$        3,552,950$     3,994,427$    4,449,147$   4,917,510$    ‐$                   Plus:  Impact Fee Revenues Dedicated to CIP416,134$        428,618$           441,477$        454,721$       468,362$      482,413$       ‐$                   Less:  Scheduled CIP Project Costs‐$                ‐$                   ‐$                ‐$               ‐$              ‐$               (5,200,000)$   Projected Year‐End Cash Dedicated to CIP3,124,332$     3,552,950$        3,994,427$     4,449,147$    4,917,510$   5,399,923$    Assumptions Made for Revenue Estimates:Current YearFY20FY21FY22FY23 FY24 FY25Estimated Annual Fire Impact Fee Revenues416,134$            416,134$                428,618$           441,477$          454,721$         468,362$             Estimated Annual Increase0.0%3%3%3%3%3%Total Estimated Revenues416,134$            428,618$                441,477$           454,721$          468,362$         482,413$           Current Revenues Dedicated to CIP %100.0%100.0% 100.0% 100.0% 100.0% 100.0%  Plus:  Increase Dedicated to Fire Capacity Expansion CIP0.0%0.0%0.0% 0.0% 0.0%0.0%  Total % Dedicated to CIP100.0%100.0% 100.0% 100.0% 100.0% 100.0%Total Estimated Revenues Dedicated to CIP416,134$            428,618$                441,477$           454,721$          468,362$         482,413$           ProjectedProjected$‐$‐$‐$‐$‐$‐$(5,200,000)FY20 FY21 FY22 FY23 FY24 FY25 UNSCHEDULEDFIRE IMPACT FEE PROJECTS    FIRE IMPACT FEE FUND PROJECT SUMMARY      Project # Project NameFY2021 FY2022 FY2023 FY2024 FY2025 UnscheduledFIF06 FIRE STATION 4‐                  ‐                  ‐                  ‐                  ‐                       4,500,000         FIF07 RESPONSE APPARATUS‐                  ‐                  ‐                  ‐                  ‐                       700,000             Fiscal Year totals  ‐                  ‐                  ‐                  ‐                  ‐                      5,200,000        Current Year CIP Requests   FIRE IMPACT FEE FUND DETAIL BACKGROUND Our Fire Master Plan, which just recently has been adopted, proposed relocation of Station 1 and Station 2 to handle capacity expansion rather than build station 4. The City completed the latest impact fee study in early 2019. Below is the last five years of impact fee revenue and the average:  CAPITAL PLAN SUMMARY Fire Station 4 and engines are unscheduled    $298,000 $430,000 $348,000 $328,043 $599,365 $646,969 $470,475  $‐ $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,0002014 2015 2016 2017 2018 2019 5‐YearAverageFire Impact Fee Revenues Name YearDescriptionAmountTotal Project #FIRE STATION CONSTRUCTION / EXPANSION / RELOCATION4,500,000               DESCRIPTION:                                      ‐                           THE FIRE MASTER PLAN IS COMPLETED AND ADOPTED 4/2017.‐                           THE MASTER PLAN INCLUDES A COMPREHENSIVE REVIEW OF   ‐                           THE CITY ALONG WITH RECOMMENDATIONS FOR NEW FIRE  ‐                           FIRE STATIONS. FIRE STATION 1 IS BEING RELOCATED  ‐                           WITH THE BPSC AND THE RELOCATION OF FIRE STATION 2‐                           IS PLANNED IN THE GENERAL FUND FOR FY23. THESE TWO‐                           RELOCATIONS CAN DELAY THE 4TH FIRE STAITION UP TO ‐                           TO TEN YEARS.                                     ‐                           ALTERNATIVES:                                     ‐                           NONE                                              ‐                           ADD OPERATING                                     ‐                           THE ADDITIONAL FIRE STATION WOULD HAVE ANNUAL     ‐                           OPERATINF COSTS THAT INCLUDES PERSONNEL OF        ‐                           $1,200,000.                                       ‐                           FIRE DEPARTMENT RESPONSE APPARATUS                700,000                  DESCRIPTION:                                      ‐                           FIRE STATION 4 WILL NEED RESPONSE APPARATUS       ‐                           THIS COULD INCLUDE RANGING FROM SUVS TO FIRE      ‐                           ENGINES TO LADDER TRUCKS TO HANDLE THE CITY'S     ‐                           EMERGENCY RESPONSE LOAD                           ‐                           Fire Station 4            Unscheduled4,500,000$           FIF06Response Apparatus      Unscheduled700,000$              FIF07