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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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slide1

Transportation Impact Fees

Presented to the

Fort Worth League of Neighborhoods

November 2, 2006

introduction
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
the basics
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
the basics continued
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)
the basics continued5
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
impact fees in fort worth
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
advantages
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
alternatives
Alternatives
  • Future bond elections
  • Tax increase
  • Moratorium on new development
project overview
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
preliminary results
Preliminary Results

Total CIP:

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