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Economic Incentive Plan

Economic Incentive Plan. Board of County Commissioners Public Hearing March 8, 2011. Presentation Outline. Purpose 2009 Economic Incentive Plan Proposed Amendments Requested Action. Purpose. Public Hearing for Amendments to the 2009 Economic Incentive Plan Ordinance

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Economic Incentive Plan

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  1. Economic Incentive Plan Board of County Commissioners Public Hearing March 8, 2011

  2. Presentation Outline • Purpose • 2009 Economic Incentive Plan • Proposed Amendments • Requested Action

  3. Purpose • Public Hearing for Amendments to the 2009 Economic Incentive Plan Ordinance • Worksession – February 15, 2011

  4. 2009 Economic Incentive Plan General Provisions • Extended building permits • Suspended automatic impact fee indexing • Waived increased impact fees for certain use changes • Extended concurrency encumbrances and reservations

  5. 2009 Economic Incentive Plan Ordinance Provisions • Extended Building Permits existing as of January 6, 2009 through December 31, 2010 • Suspended Automatic Impact Fee Indexing • Fire 3.5% • Law 2.5% • Parks 7.4% • Road 3.0%

  6. 2009 Economic Incentive Plan Ordinance Provisions • Waived Increased Impact Fees for Changes in Use • Existing Buildings • Same Building Footprint • Located in Urban Service Area (USA) • Required to be consistent with Comprehensive Plan and Existing Zoning

  7. 2009 Economic Incentive Plan Ordinance Provisions • Capacity Encumbrance Letters • Extended for one year (from 180 days) • Capacity Reservation Certificates • Extended for 5 years (from 3 years) • Allowed for Incremented Payments over extended period of time

  8. 2009 Economic Incentive Plan Sunset Provisions • December 31, 2010 - Extension of building permits - Waiver of change of use impact fee increases - Extension of concurrency encumbrances and reservations • March 10, 2011 - Indexing of law, fire, and parks impact fees • June 30, 2011 - Indexing of road impact fees

  9. Proposed Amendments • Extends provisions until March 31, 2012 - Extension of building permits - Waiver of change of use impact fee increases • Extension of concurrency encumbrances and reservations • Suspension of Impact Fee Indexing • Retroactive to January 1, 2011

  10. Requested Action Make a finding of Consistency with the Comprehensive Plan and approve the Economic Incentive Ordinance. ALL DISTRICTS Note: LPA made a finding of consistency on February 17, 2011

  11. Economic Incentive Plan Board of County Commissioners Public Hearing March 8, 2011

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