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HomeMy WebLinkAbout11-29-12 Impact Fee Criteria SheetImpact Fee Funds Criteria (Street, Fire, Water & Wastewater Impact Fees) Criteria were developed for ranking projects in the Impact Fee Funds in order to better communicate to the public about the use of Impact Fee money and allocate scarce resources to the most worthwhile project. The following Criteria were developed by the Impact Fee Advisory Committee and adopted by the Commission in the fall of 2011. Criteria Rating Notes Project Score 1. REQUIRED Yes/No Infrastructure, Capital, or Debt Payment on Infrastructure or Capital Purchase. (Cannot be used for operations or maintenances costs.) MCA 7-6-1602(e) 2. REQUIRED Yes/No Useful Life of 10 Years or more. MCA 7-6-1601(1)(a) 3. REQUIRED Yes/No Improvements or Equipment made necessary by New Development since the inception of the Impact Fee Program. (MCA 7-6-1602 (7) & 7-6-1603(3) 4. Benefits to Impact Fee Payers Up to 20 pts 20 – Project facilitates development of numerous city properties, or potential city properties, in the immediate or near future (1-2 Years.) 10 – Project facilitates development of numerous properties in 3-5 Years, or immediate development of a small area of property. 5 – Project will likely facilitates development within 5-10 Years. 0 – Project will address development that has occurred since 1995, but will not likely facilitate new development. 5. Direct Benefits Up to 10 pts 10 – Direct Benefit to all system users, or Provides a “final link” in a piece of existing system infrastructure. 5 – Direct benefit to roughly half, or indirect benefit to all system users. 2 – Direct benefit to small area of the system users or indirect benefit to several areas of system users. 6. Funding Up to 10 pts 10 – Certain. No other funding options are available and/or All other required project funding is ready-to-proceed. 5 – Uncertain. Project is dependent on a mix of other funding sources that are not ready-to-proceed. 0 – Extremely Uncertain or Unlikely. Elements of Funding are deemed very unworkable or unlikely. 7. Commission Work Plan Up to 10 pts 10 – Identified project in Adopted Commission Work Plan 5 – Contributes to an indentified project in the Adopted Commission Work Plan. 0 – Not identified in Adopted Commission Work Plan. TOTAL Up to 50 pts.