Innovation Way Discussion Item April 26, 2011

1. Board of County Commissioners Innovation Way Discussion Item April 26, 2011

2. Presentation Outline • Innovation Way Concept • Multi-Modal Transportation District • Area Developments • Budget / Funding Challenges • Options • Requested Action

3. Presentation Outline • Innovation Way Concept • Multi-Modal Transportation District • Area Developments • Budget / Funding Challenges • Options • Requested Action

4. UCF Research Park Retail Waterford Lakes Avalon Park ICP OIA Moss Park Lake Nona UCF Med School Burnham Institute Innovation Way Concept • Opportunity • Create a high-tech corridor linking UCF to OIA • Goals • Economic development • Environmental protection

5. ICP Innovation Way Concept • How to achieve goals • Balance jobs and housing • Create a multi-modal community • Mix of uses • Densities/intensities that make transit viable • Integrate transit facilities • Set aside environmentally sensitive areas

6. ICP Innovation Way Concept • Study and Plan History • 2005 Scenario Planning • 2006 Comp Plan Amendment Overlay • 2009 MMTD Plan Amendment • Comprehensive Planning Process • Plan land use and transportation concurrently • Financially feasible

7. Presentation Outline • Innovation Way Concept • Multi-Modal Transportation District • Area Developments • Budget / Funding Challenges • Options • Requested Action

8. MMTD • MMTD Plan Amendment • Boundary map • Policies • Infrastructure plan • (multi-modal) • Capital Improvements • Schedule (CIS)

9. MMTD Status • Adopted in 2009 • DCA found amendment “not in compliance” • Settlement drafted to address compliance issues • Extension was granted until May 11 to work out settlement • Action requested on March 29 – transmit proposed settlement to DCA

10. MMTD Infrastructure Plan and Needs • Roads • Sidewalks, bike paths/lanes • Transit Projected costs through 2030: $380 Million Much of needed infrastructure • Does not exist • Does not have committed funding sources

11. MMTD Funding Strategies – potential sources • Road Impact Fees • Available State or Federal Highway or Transit Funds • Community Redevelopment Area • Municipal Service Taxing Unit • Community Development District • Special Taxing District • Developer Contributions • General Fund

12. Presentation Outline • Innovation Way Concept • Multi-Modal Transportation District • Area Developments • Budget / Funding Challenges • Options • Requested Action

13. Developments Starwood ICP Innovation Place Moss Park Lake Hart Eagle Creek

14. Developments Starwood ICP Innovation Place Moss Park Lake Hart Eagle Creek Lake Nona Poitras Osceola Northeast District

15. Developments Starwood ICP Innovation Way East Innovation Place Moss Park Lake Hart Camino Reale Eagle Creek Lake Nona Poitras Osceola Northeast District

16. Developments ICP Moss Park Lake Hart Eagle Creek Lake Nona

17. Developments ICP Moss Park Lake Hart Eagle Creek Lake Nona

18. Presentation Outline • Innovation Way Concept • Multi-Modal Transportation District • Area Developments • Budget / Funding Challenges • Options • Requested Action

19. $60.0M Budget / Funding Challenges Total Impact Fee Fund Revenues $11.7M Actual Projected

20. Budget / Funding Challenges • Projected Five Year CIP (2011 to 2015) • Increased focus on construction projects • No new projects • 17 projects already started – unfunded amount of $367M • Sample Project Costs • Innovation Way (fka Alafaya extension) - $25.7M • Alafaya Trail Widening – $20M • SR 528 @ Alafaya Trail Interchange – $32M

21. Presentation Outline • Innovation Way Concept • Multi-Modal Transportation District • Area Developments • Budget / Funding Challenges • Options • Requested Action

22. Options Options • Request additional hearing abatement • Rescind MMTD amendment

23. Options Options • Request additional hearing abatement

24. Options Options • Rescind MMTD plan amendment

25. Presentation Outline • Innovation Way Concept • Multi-Modal Transportation District • Area Developments • Budget / Funding Challenges • Options • Requested Action

26. Requested Action Board direction regarding Comprehensive Plan Amendment 2009-2-B-MMTD-1, which was adopted by Ordinance 2009-28 on October 13, 2009. Options Request additional hearing abatement Rescind MMTD amendment

27. Board of County Commissioners Innovation Way Discussion Item April 26, 2011

28. 5-Year Total $191.9M $17.4M $53.2M $63.9M $57.4M Budget / Funding Challenges Impact Fee Fund Revenues Collected 2006 - 2010

29. 5-Year Total $56.0M $4.6M $13.1M $18.6M $19.7M Budget / Funding Challenges Impact Fee Fund Revenues Projected 2011 - 2016

30. Requested Action Forward the proposed settlement for the Innovation Way MMTD Comprehensive Plan amendment to the Florida Department of Community Affairs

31. Requested Action Specifics of settlement agreement • Change to Policy T2.6.13 to address funding • Change to Policy T2.6.5 to clarify that right-of-way for Innovation Way is donated • New policy to clarify how the MMTD will be monitored • Revised Capital Improvements Schedule to remove roads outside the MMTD boundary • Proposed Memorandum of Agreement with FDOT and OOCEA to address impacts to SR417 and SR528

32. Requested Action Process • Staff sends proposed settlement agreement to DCA • If DCA agrees, staff finalizes settlement and prepares amendments to bring the MMTD into compliance • The settlement agreement, compliance amendments and Memorandum of Agreement are brought to the Board for adoption at a public hearing

33. Requested Action T2.6.13 Funding of Capital Improvements. A financially feasible long-range capital improvements plan and program for the district is required for the interconnected network of streets, paths, bicycle, pedestrian and transit systems that will reduce reliance on automobiles for access and internal circulation. The Innovation Way MMTD Capital Improvements Schedule and Program is established as shown in Exhibit A. A potential funding structure may consist of but is not limited to the establishment of a Community Redevelopment Area or other Special Taxing District. Financially feasible funding streams and sources dedicated to the full complement of transportation improvements are shown on Exhibit B.Alternative funding mechanisms may necessitate changes in the Capital Improvement Schedule.

34. Requested Action • T2.6.13 (cont.) • Other funding sources for projects on the list are as follows: • Innovation Way (arterial roadway) Stakeholder Funding Agreement • Community Development District • Road Impact Fees • General Fund • Developer Contributions • Municipal Service Taxing Unit • Available State or Federal Highway or Transit Funds

35. Requested Action T2.6.13 (cont.) The capital improvements on the schedule will put in place the major roadway network (arterials and collectors), which are designed with bicycle lanes and sidewalks. The arterial roadways are also designed with dedicated transit lanes. The capital improvements on the schedule will therefore provide for overall connectivity for pedestrians, cyclists, and transit riders in the MMTD. As development occurs within the MMTD, developers will meet the requirements of the Innovation Way MMTD policies to provide the roadways, bicycle facilities, pedestrian facilities and transit facilities to connect to the facilities provided through the capital improvement schedule to create an interconnected multimodal transportation network throughout the MMTD.

36. Requested Action T2.6.5 Innovation Way. Two spine roads, limited to 4 travel lanes with a dedicated transit envelope and 8 to 10-foot wide multi-purpose paths on both sides. Two spine roads, limited to 4 travel lanes with a dedicated transit envelope and 8 to 10 foot-wide multipurpose paths on both sides. Property owners within the MMTD boundary shall donate/dedicate right of way necessary for Innovation Way North and Innovation Way South (two spine roads). The width of Innovation Way North shall generally be 180 feet in a combination of dedicated right of way and multipurpose easements in favor of the County. The width of Innovation Way South shall generally consist of 156 feet in a combination of right of way and multipurpose easements.

37. Requested Action Policy: To satisfy the requirements in F.S. 163.3180 (15) (a) concerning Multimodal Transportation Districts (MMTD) related to capital improvements in a greenfield such as Innovation Way, the progress of the Capital Improvements Schedule (CIS) is directly tied to the progress of development within the MMTD and governed by the DRI Development Orders or DAP Developer Agreements. Monitoring and modeling analyses are required to ensure that the developments meet the transportation requirements of the MMTD.