Loading...
HomeMy WebLinkAboutIR 8942To the Mayor and Members • the City Council SUBJECT: TRANSPORTATION IMPACT FEE ORDINANCE op. ST-Aine 9 For your review in advance of the May 13 City Council workshop on transportation impact fees, we are sending you 'information about the proposed ordinance and fee collection options. On February 12, the City Council received a briefing on the timeline for adopting a transportation impact fee ordinance in 2009, after completion of the City Manager's infrastructure revenue and expenditure study. The City Council asked staff to expedite the ordinance for adoption in May 2008, rather than wait for the study results. Several Council members suggested that staff propose a collection amount that would be revenue-neutral compared to the existing Community Facility Agreement (CFA) policy, based on the assumption that the collection amount would be revisited after completion of the infrastructure study. On February 19 (M&C G-16057), the City Council adopted the final report that serves as the basis for the transportation impact fee system. This action: • Created 27 service areas, no more than six miles across in accordance with State law; • Adopted the 10 -year land use assumptions and capital improvement plans for each service area; • Established the maximum fee for each service area, including no fee in eight service areas; and • Provided that revenues will be expended in the service area where they are generated, in accordance with State law. 1 SSUED BY THE CITY MANAGER FORT WORTH, TEXAS • To the Mayor and Members of the City Council SUBJECT: TRANSPORTATION IMPACT FEE ORDINANCE empowerment zones. On April 22 and 29, the City Council conducted public hearings on the proposed ordinance and received comments on collection amount options. At the May 13 work session, staff will review the proposed ordinance and the pros and cons of five collection amount options: • Option 1: $1,500 flat rate per single family dwelling unit (averaging 27% of maximum) and proportionately higher rates for more intense land uses, as recommended by the Capital Improvement Advisory Committee; • Option 2: $2,000 flat rate per single family dwelling unit (averaging 36% of maximum); • Option 3: 40% of maximum assessable fee per service area; • Option 4: $2,000 flat rate per single family dwelling unit, but not to exceed 40% of maximum assessable fee per service area; and • Option 5: Differential rates for residential uses and non-residential uses so as to provide incentives for commercial and industrial development. State law requires the City Council to approve or disapprove the transportation impact fee ordinance within 30 days of the April 22 public hearing. If the Council chooses not to act by May 20, then an additional public hearing in accordance with the prescribed procedures would be necessary. Please feel free to contact Fernando Costa, Assistant City Manager, at 817-392-6122 if you have additional questions. ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS