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Transportation Impact Fees Presented to the Fort Worth League of Neighborhoods November 2, 2006 Introduction Impact fees are a mechanism for funding the infrastructure necessary to accommodate new development Governed by Chapter 395 of the Texas Local Government Code

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Transportation Impact Fees

Presented to the

Fort Worth League of Neighborhoods

November 2, 2006


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Introduction

  • Impact fees are a mechanism for funding the infrastructure necessary to accommodate new development

  • Governed by Chapter 395 of the Texas Local Government Code

  • Transportation impact fees are based on the amount of traffic generated by a new development in terms of vehicle-miles


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The Basics

Land Use Assumptions:

  • 10-year growth projections

  • Growth converted to demand (vehicle-miles)

  • Updated every five years

    Capital Improvements Plan (CIP):

  • Arterial capacity improvements only

  • Includes completed projects with excess capacity, projects currently under construction, and future projects


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The Basics, continued

Service Areas:

  • Funds collected within a service area must be spent within the service area.

  • Established to follow natural breaks in land use, topography, and transportation elements.

  • Limited to six mile trip length

    Fee Calculation:

  • Impact fee = (the recoverable cost of the Service Area CIP) / (vehicle-miles generated by new development over ten years)


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The Basics, continued

Maximum vs. Actual:

  • Impact fee study results in calculation of maximum assessable fee (the actual cost to serve new development in terms of transportation infrastructure)

  • Impact fee assessment is determined by City Council as a matter of policy, (0-100% of maximum assessable fee)

    Implementation:

  • Impact Fees are collected at building permit issuance

  • Funds must be spent within ten years of collection

  • Funds may only be spent on projects included in the Impact Fee CIP


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Impact Fees in Fort Worth

  • Current perimeter street policy

  • Transportation impact fee under consideration; project initiated in late 2005 in response to rough proportionality legislation

  • Differences between existing policy and Transportation impact fees:

    • Development scenarios


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Advantages

  • Ability to prioritize infrastructure needs within each service area

  • Flexibility to construct functional segments of transportation network

  • Means of funding large-scale infrastructure needs (such as bridges)

  • Predictability for development community

  • Equitability


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Alternatives

  • Future bond elections

  • Tax increase

  • Moratorium on new development


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Project Overview

Status:

  • Land use assumptions and CIP for all service areas projected for completion early December, 2006

    Service Areas:

  • 26 service areas (A-Z) identified within City limits; based on 6-mile trip length

    Pilot Study:

  • Service Area D completed in May, for purpose of soliciting stakeholder input and questions. Full pilot study available on City website


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Preliminary Results

Total CIP:

  • City-wide recoverable costs totaling approximately $992,000,000.00


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Next Steps

  • Staff review of final study (December / January)

  • Community review of study and feedback (February - April)

  • Public hearings on land use assumptions and CIP (Spring)

  • Adoption of land use assumptions and CIP (Spring)

  • Public hearings on policy (Summer)

  • Policy adoption (Summer)

  • Implementation (Late 2007)