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HomeMy WebLinkAboutA5. Resolution 4668 Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Rick Hixson, City Engineer Craig Woolard, Director of Public Works SUBJECT: Resolution 4668, Establishing Goals and Policies for the Use of Impact Fees to Fund Intersection Improvement Projects. AGENDA ITEM TYPE: Action MEETING DATE: February 1, 2016 RECOMMENDATION: Adopt Resolution No. 4668, establishing the Non-growth share (NGS) of intersection improvement projects at 20% and allow the use of impact fees for up to 80% of intersection funding on arterial and collector streets. KEY ISSUES: Adoption of the latest Street Impact Fee Study prepared by Tischler Bise (TB) required the city to change the way in which impact fees are used to fund intersection improvements. The City initially passed Resolution 4498 establishing a 60% impact fee/40% non-growth share split of funding for all intersections. Since passing Resolution 4498, the City has established an arterial and collector improvement district to fund improvements to the transportation system. In addition, the City has modified the capital planning process for focus on the completion of critical transportation corridors. On 14 December 2015 a five year transportation capital improvement plan (CIP) to complete critical transportation corridors was presented to the Commission. That plan incorporated arterial and collector district funds as well as impact fees to fund the recommended improvements. The CIP was developed with input and review from the Impact Fee Advisory Committee. The plan as developed changed the intersection funding split from that specified in Resolution 4498 (i.e., 60/40 funding split) to 80% impact fee funding and 20% non-growth share funding. This funding split allowed for completion of critical transportation corridors of the next 5 year period (FY2016- 2020). Attached Resolution 4668 formalizes as Commission policy the 80/20 funding split proposed in the FY2016-2020 capital improvement plan. 158 UNRESOLVED ISSUES: None FISCAL EFFECTS: As specified in the FY2016-FY2020 CIP. ALTERNATIVES: As suggested by the City Commission. Attachments: Resolution 4668 159 COMMISSION RESOLUTION NO.4668 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA, ESTABLISHING GOALS AND POLICIES FOR THE USE OF IMPACT FEES TO FUND INTERSECTION IMPROVEMENT PROJECTS. WHEREAS, the City of Bozeman is committed to addressing the community’s expressed needs and desires for services; and WHEREAS, the City of Bozeman is committed to meeting those desires and demands for services in a fiscally responsible manner; and WHEREAS, the City of Bozeman is committed to meeting those desires and demands for services in a manner which recognizes the fiscal and legal interests of all of the system users now and in the future and not a limited subset of users; and WHEREAS, the City of Bozeman has developed and adopted a transportation facility plan which examined current and future needs and provides a lawful, logical, balanced, operationally sound, and cost effective basis upon which to maintain and develop the City’s transportation system; and WHEREAS, the City Commission has chosen to utilize impact fees as one element of an integrated approach to fund and provide transportation services; and WHEREAS, on March 30, 2013 the City Commission adopted a Transportation Impact Fee Study prepared by Tischler Bise, Inc.; and 160 Resolution 4668, Impact Fees to fund Intersection Improvements Page 2 of 4 WHEREAS, the adopted Transportation Impact Fee Study made recommendations relative to the funding of intersection improvements; and WHEREAS, that study recommended that only a portion of the capital cost of an intersection improvement should be funded by means of impact fees; and WHEREAS, the portion to be funded from sources other than impact fees is referred to as the non-growth share (NGS); and WHEREAS, the city commission held a public hearing on December 14, 2015 to consider the transportation capital improvement plan and review options available to fund the NGS of future intersection improvement projects; and WHEREAS, having considered the information presented by staff and the public input received, the city commission directed staff to return with a policy for funding the NGS of future intersection improvement projects. NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman, Montana to wit: SECTION 1 GOALS The following goals are hereby established for the consideration of the financing with impact fees of intersection improvements in the City of Bozeman. 1. It shall be a goal of the City of Bozeman to invest street impact fee monies strategically by: A. Applying the ranking criteria as reflected in the city's Capital Improvements Plan to all proposed impact fee projects. This criteria prioritizes projects based on community benefit and focuses on completing critical elements of the arterial and collector network. 161 Resolution 4668, Impact Fees to fund Intersection Improvements Page 3 of 4 B. Using impact fees to further the City Commission's adopted goals, for example, encouraging infill. SECTION 2 POLICIES The following policies are hereby established for impact fee financing of intersection improvements in the City of Bozeman. 1. Only the growth related share of an intersection improvement project is eligible for impact fee funding. 2. The non-growth share (NGS) of an intersection improvement project must be paid for using funds other than impact fees. These may be developer contributions, funds derived from Special Improvement Districts (SID's) or Payback Districts, Urban Funds, Street Maintenance Assessment money, Street Reconstruction money, bonds or the arterial and collector improvement district funds established by the City Commission to pay for NGS related arterial and collector system improvements. 3. The City’s preferred method for financing the NGS of intersection improvements will be the arterial and collector improvement district funds established by the Commission. 4. Both the use of these funds and the amount to be levied for each fund shall be at the City Commission's discretion. 5. The NGS calculation will be reviewed and approved by the City Commission at the time of the adoption of the Street Impact Fee Capital Improvement Plan. 6. The NGS for the two year period 2015 and 2016 is 80% impact fees, 20% NGS. 7. The City Manager's annual recommended budget shall include the levy for the arterial and collector improvement district funds. 162 Resolution 4668, Impact Fees to fund Intersection Improvements Page 4 of 4 PASSED AND ADOPTED by the City Commission of the City of Bozeman, Montana, at a regular session thereof held on the February 1, 2016. ___________________________________ CARSON TAYLOR Mayor ATTEST: ________________________________________ STACY ULMEN, CMC City Clerk APPROVED AS TO FORM: ___________________________________ GREG SULLIVAN City Attorney 163