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Minutes - 2010 - Development Impact Fee Committee - 07/20/2010 - Regular CITY OF EAGLE DEVELOPMENT IMPACT FEE ADVISORY COMMITTEE Minutes July 20, 2010 The Development Impact Fee Advisory Committee met on July 20, 2010, at Eagle City Hall, Chairman Talbert presiding. 1. CALL TO ORDER: The meeting was called to order at 7:29 PM. 2. ROLL CALL: Present - Aaron, Barton, Ferguson, McColl, Stockton and Talbert. Absent- Zollinger. Council Liaison Huffaker was unavailable as he was attending a budget meeting. 3. APPROVAL OF MINUTES: July 6, 2010 Motion was made by McColl and seconded by Ferguson to approve the minutes of the July 6, 2010, meeting as written. ALL AYES. MOTION CARRIED. 4. DISCUSSION ITEMS: A. City of Eagle Impact Fees: Vern Brewer, City Engineer, explained the Hoffman Study which came from the original impact fee study and subsequent approval and how the deficiencies are derived. Paul Fitzer, City Attorney, explained the expectations for the committee. As they prepare a Capital Improvement Plan for park development they need to consider available funds, available propertYJ making the most of what we have, looking to the future and what they would like to see as priorities of the City. Discussion of available area, development of the skate park property, ideas for partnering with local athletic groups for development followed. The future BMX site was discussed. 5. REPORTS: A. Staff: None, Michael Echeita was attending the City Council budget meeting. B. Commission Members: It was suggested we meet on a Monday the next month to allow an opportunity for Huffaker and Echeita to attend the meeting. It was agreed to meet on August 23, 2010, at 6:30. 6. ADJOU RN M ENT: Motion was made by Ferguson and seconded by Barton to adjourn. ALL AYES. MOTION CARRIED. The meeting adjourned at 8:24 PM. Respectfully submitted: APPROVED: SHAR N K. BERGMANN CITY CLERK/TREASURER "",""""" J 1 , F E A"'" Ii1'W ~......... "............?(~"f'~IC TALBERT - U - VORA. fI g :. o~ r~ ... ().iAIRMAN _ . v .. : * : ...... : * : : . . ; ~.~, SEA 1.1 ~-.: .. ~ · e. 00 .. . . \"' ........ . () ." ~ u~ -.. ~ Po R .1\ \ ~.. "" .,- · ", --:1 ... · · .. \'. ...... ;, ,,: ',,' I \' ; ~ 111' ,., ~' ., 1: f..... ()" 1 r,;\\ ): : -, l \l' t! . , " I ~! :. -. , " , ! i. . 1 " '. "" f , U -, . , 1 , "" '}" CITY OF EAGLE Five Year Interval Supplement and Amendments To Development Impact Fee Study/ Capital Improvements Plan SEPTEMBER, 2004 HOLLADAY ENGINEERING COMPANY PO BOX 235 PAYETTE, ID 83661 (208) 6423304 KRR - HECO PROJECT NO. EG 030802 { (^ CITY OF EAGLE Five Year Interval Supplement and Amendments TABLE OF CONTENTS Executive Summary 1 Introduction 2 Current Situation 2 Parks Acreage 3 Probable Cost Basis 3 f,Th Deficiency Condition 4 Base Impact Fees 4 General Fund Appropriation Anticipation Discounts 4 Impact Fee Schedule 5 0.7 • • • Five Year Interval Supplement and Amendments EXECUTIVE SUMMARY Idaho's Impact Fee Statute, in IC 67-8208.2, requires that capital improvement plans upon which impact fee systems are based be "updated" every five years. This report, dated 2004, represents the update of the City of Eagle's Development Impact Fee Study/ Capital Improvements Plan dated May 11, 1999. The 1999 study recommended a schedule of impact fees for parks, and a schedule of impact fees for pathways. The City adopted only the impact fees for parks. Hence this update considers, reviews and recommends amendments only for the impact fees for parks. In the 1999 report, a parks impact fee of $545.69 per dwelling (equivalent to $214.84 per expected new resident/occupant) was calculated and recommended, based on expected cost data supplied by the firm performing the study (Hofmann Associates, Laclede, Idaho), and a "deficiency" as discussed in IC 67-8208.1(a) was noted and a requirement for the City to cure the deficiency was set forth. This requirement entailed a system of General Fund contributions and offsetting impact fee discounts to fund "cure" of the deficiency. The recommended impact fee of $545.69 per dwelling and the associated system of discounts and General Fund obligations for "curing the deficiency" were adopted by the City Council and have since been enforced as integral parts of the City's parks improvements program. In the current review (year 2004), it is found that considering both land and state of development, the City's parks program still has a deficiency, but it is greatly reduced from that in 1999. The cure of the deficiency has been partially done through park land acquisition. Unlike the situation in 1999, the City now has some actual cost data for parks construction in Eagle. Using this data, together with some data from nearby communities in the review period, a recommended impact fee basis per new resident/occupant is derived. On this basis, it is recommended that the City adopt the following base impact fee schedule for new residential construction: • Detached Single-family Dwelling: $ 1,550.67 • Multi > 800 sq. ft., per unit $ 1,105.01 • Multi < 800 sq. ft., per unit $ 757.02 • Hotel Room or Suite $ 433.46 It is recommended that a seven year program for correcting the deficiency by General Fund participation be re -defined. A per capita annual General Fund outlay of $9.92 is recommended. To harmonize these impact fees with General Fund inputs, a modified schedule of discounts is also recommended, diminishing each year and ending after seven years. This schedule is presented in the text. 1 i i Five Year Interval Supplement and Amendments INTRODUCTION This report is a Supplement to update the City of Eagle's Development Impact Fee Study/ Capital Improvements Plan (first revision dated August 18, 1999), which was produced for the City by Hofmann Planning Associates of Laclede, Idaho. Only those parts of the original study that have been affected by change in the five years that have elapsed from 1999 to 2004 are treated in this Supplement. The remainder of the original report stands unchanged. The particular statistics that have changed since 1999 are: 1. Population of the City, 2. Market cost of land, 3. Construction cost, and 4. Facilities inventory. The Impact Fees statute, Idaho Statutes Title 67, Chapter 82, remains the same as in 1999 in the particulars pertaining to Eagle's Parks Development Impact Fee program. Considerations pertinent to the impact fee system under the referenced statute that have not altered as of this writing (August, 2004) include: 1. Levels of use and target level of service, 2. Land use assumptions, 3. Demand (per capita) for improvements, and 4. Funding sources. CURRENT SITUATION The City's probable population is 15,280 currently, based on June 30, 2004 tallies of 5,801 dwelling units and current building permits for 215 dwelling units, giving a total probable of 6,016 dwelling units included under or completed before the provisions of the impact fee program currently in force, and attributed residents at 2.54 per dwelling unit. Parks level of service standard adopted in 1999 is 3.3 acres per 1,000 population. At this standard, required parks area is 50.42 acres currently. Build -out parks requirement is 125.60 acres. Actual developed parks area is 17.08 acres. Land held by ownership or by 99 -year lease for parks development, including both developed and undeveloped land, is 119.22 acres (which leaves 102.14 acres undeveloped). Deficiency of developed park is 33.34 acres, but surplus of land on hand is 68.80 acres. 2 Five Year Interval Supplement and Amendments PARKS ACREAGE Developed: Acres Friendship 1.33 Arboretum .50 Jessica Aschenbrenner .50 Plaza Street 0.25 Orval Krasen 1.00 Heritage 0.50 Merrill 9.00 Skateboard 4.00 Total Developed: 17.08 Undeveloped: 'Wells" natural area Sports Complex Hill Road Site Total Undeveloped: Total Land = 119.22 Acres Total Developed = 17.08 Acres PROBABLE COST BASIS 6.49 80.91 14.74 102.14 Probable costs stated in the 1999 report were based on assumptions of $25,000 per acre for land acquisition and $40,000 per acre for construction to develop parks. It appears that both of these values are unrealistically low. The construction involved in development of Merrill Park, a community park, cost approximately $130,000 per acre. The proposed development of Hill Road Park is expected to cost $2,040,000 by the architect. Hill Road Park's area is 14.74 acres. This gives a per acre development cost of $138,400. Since Merrill Park and Hill Road Park are the principal examples of recent park development in Eagle, their costs are taken as representative of Eagle's standards, hence the probable cost of park development in Eagle is taken as $135,000 per acre. The probable market value of developable land in Eagle is taken as $50,000 per acre. Since actual amounts paid by developers for large tracts of land are often not divulged, the data on current land value is unsatisfactory. The value of $50,000 per acre represents the approximate lower end of a range of values of "$50,000 to $60,000" given orally by land developers currently active in Eagle. 3 Five Year Interval Supplement and Amendments DEFICIENCY CONDITION The pertinent Idaho statute requires that pre-existing deficiencies in impact -fee -funded construction programs be cured by resources from sources other than impact fees. In the current program, as recommended in the 1999 report, deficiencies are being corrected by a system of appropriations from the General Fund. In determining the required funding to correct deficiencies, land required at the current open market value is added to construction required at the current average probable construction cost in order to derive a total value of deficiency as a basis for required General Fund (or other) contributions. Extending the same method to current conditions, the following values are derived: Construction deficiency 33.34 acres @ $135,000 = $4,500,900.00 Land surplus 68.80 acres @ $50,000 = $3,440,000.00 Deducting land value from construction deficiency, the net deficiency is $1,060.900. A program to correct this deficiency in seven years would require current residents to contribute $151,557.15 per year through General Fund appropriations. This would require an appropriation basis of $9.92 per person per year, based on a current population of 15,280. BASE IMPACT FEES Required impact fee per capita: 3.3 X ($135.000 + $50.0001 1,000 = $610.50 per capita It is recommended that Eagle amend its impact fees ordinance to define required impact fees by class of dwelling unit. Best available occupancy data shows that probable average occupancy by dwelling unit type is as follows: Detached: 2.54 x $610.50 = $1,550.67 Multi >800: 1.81 x $610.50 = 1,105.01 Multi <800: 1.24 x $610.50 = 757.02 Hotel Room: 0.71 x $610.50 = 433.46 GENERAL FUND APPROPRIATION ANTICIPATION DISCOUNTS: Discounts to be taken in anticipation of offsetting General Fund Appropriations per capita would be: YEAR 1 YEAR 2 YEAR 3 YEAR 4 $56.37 $49.55 $42.36 $34.77 YEAR 5 YEAR 6 YEAR 7 $26.76 $18.31 $ 9.40 4 4 Five Year Interval Supplement and Amendments IMPACT FEE SCHEDULE Calculating discounts for each year and each class of dwelling unit, recommended impact fee schedule is as follows: CATEGORY/ DETACHED MULT I> 800 MULT 1< 800 HOTEL ROOM ANNUAL (x2.54) (x1.81) (x1.24) (x0.71) CLASS 2005 Discount $143.18 $102.03 Net Fee 1,407.49 1,002.98 2006 Discount 125.86 89.69 Net Fee 1,424.81 1,015.32 2007 Discount 107.59 76.67 Net Fee 1,443.08 1,028.34 2008 Discount 88.32 62.93 Net Fee 1,462.35 1,042.08 2009 Discount 67.97 48.44 Net Fee 1,482.70 1,056.57 2010 Discount 46.51 33.14 Net Fee 1,504.16 1,071.87 2011 Discount 23.88 17.01 Net Fee 1,526.79 1,088.00 Base Fee j $1,550.67 $1,105.01 1:1ENGRIEG10308021Impact Fee Update 8-17-04.doc $69.90 $40.02 687.12 393.34 61.44 35.18 695.58 398.18 52.53 30.08 704.49 403.28 43.11 24.69 713.91 408.67 33.18 19.00 723.84 414.36 22.70 13.00 734.32 420.36 11.66 6.67 745.36 426.69 757.02 $433.46 5