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Home My WebLink About(0008) CIAC Semi Annual Report 02-22-2017.pdfORT WORT CAPITAL IMPROVEMENTS ADVISORY COMMITTEE FOR TRANSPORTATION IMPACT FEES 31312017 CSO 9:20AM AGENDA Wednesday, February 22, 2017 Immediately Following the City Plan Commission Meeting, which City Hall —Council Chamber, Second Floor 200 Texas Street Position I — Vicky Schoch Position 2 — Jennifer Trevino Position 3 — Sloan Harris Position 4 — Mark Brast Position 5 — Robert Horton Fort Worth, Texas 76102 Members AGENDA This public notice was removed from the bulletin board at the Fort Worth City Hall on February 24, p17 at 3:05 p.m. by: ns at 1:30pm City Secretary's Office City of Fort Worth, Texas Position 6 — Stephanie Spann Position 7 — VACANT Position 8 — Don Boren, Chair Position 9 — Mike Brennan I. Call to Order — Don Boren, Chair II. Adopt Minutes from previous CIAC Meeting III. Semi -Annual Report on Capital Improvements Plan and Transportation Impact Fees a. Staff Presentation b. Discussion c. Action — Approve and Adopt Semi -Annual Report IV. Projects and Prioritization V. Request for Future Agenda Items VI. Adjourn ASSISTANCE AT THE PUBLIC MEETINGS: The Fort Worth City Hall and Council Chambers are wheelchair accessible. Access to the building and special parking are available on the south side of the City Hall building to the south of Texas Street. Persons with disabilities who plan to attend this meeting and who may need auxiliary aids or services such as interpreters for persons who are deaf or hearing impaired, readers or large print, are requested to contact Al Godwin at 817-392-7825, FAX 817-392-7985, or call TDD 1-800-RELAY-TX at least two (2) working days prior to the meeting so that appropriate arrangements can be made. I, the undersigned authority do hereby certify that this Notice of Meeting was posted on the City of Fort ~!North official website and official bulletin board, places convenient and readily accessible to the general public at all times and said Notice was posted on the following date and time Friday, February77. 2017 at 3:00 o.m. and remained so posted continuously for at least 72 hours preceding the scheduled time of said meeting. City Secretary for t City of Fort Worth, Texas f, Semi Annual Progress Report Capital Improvements Advisory Committee for Transportation Impact Fees February 2017 V" VVIV Prepared by the Fort Worth Planning and Development Department CIAC Semi -Annual Report February 2017 Introduction This report was prepared by the Fort Worth Planning and Development Department staff and adopted by the Capital Improvements Advisory Committee for Transportation Impact Fees ("CIAC"). The purpose of this report is to advise the City Council, in accordance with Chapter 395 of the Texas Local Government Code, of the status of the Transportation Impact Fee Program. Program Overview and Status On May 13, 2008, Fort Worth City Council adopted the transportation impact fee ordinance (Ord. #18083-05-2008). Transportation impact fees are charges assessed by local governments on new development projects in order to partially fund transportation improvements that are necessitated by new development. The status of various program elements is as follows: • Study update — Under state law, the impact fee study must be updated at least every 5 years and is based on the City's adopted Master Thoroughfare Plan. The last update was completed and adopted in 2013. Due to the adoption of the Master Thoroughfare Plan update in 2016, the impact fee study will be updated in 2017. • Land use assumptions — The land uses were updated with the adoption of the 2013 Transportation Impact Fee Study by Council on February 5, 2013, as recommended by the CIAC. These land uses will remain in effect until the 2017 update study is adopted by Council. • Transportation Improvements Plan — The transportation improvements plan was also updated with the adoption of the 2013 Transportation Impact Fee Study by Council on February 5, 2013, as recommended by the CIAC. This improvements plan will also remain in effect until the 2017 update study is adopted by Council. • Project Prioritization — Planning & Development and Transportation & Public Works staff continue to work closely together to leverage transportation impact fee funds to deliver arterial street projects. Staff is currently working on additional projects which would require transportation impact fee funding across multiple service areas. Capital Improvements Advisory Committee for Transportation Impact Fees February 22, 2017 Semiannual Report Page 1 of 4 • Fee Revenues - Total fee revenues through January 31, 2017 by service area are as follows: Service Area Revenues through January 31, 2017 _ No Fee Service Area _ $o - $1M $2M+ - $5M $1M+- $2M Over $5M Total Program Revenues through 1/31/17 Service Area Total Revenue A $6,242,283.05 AA $2,315,132.51 B $2,364,110.71 C $10,213,517.63 D $12,108,642.52 E $4,307,656.12 F $4,732,776.96 G $5,061,601.95 L $449,457.31 M $1,517,688.29 N $1,086,227.28 O $730,695.94 S $1,625,301.62 T $776,454.15 U $142,211.81 W $1,722,408.25 X $1,536,060.62 Y $4,338,021.21 Z $3,755,141.81 Total $65,025,389.74 • Credit Agreements — Credit is required by state law in return for contributions toward eligible improvements. Credits may be used in lieu of payment of impact fees within the related development. To date, 56 credit agreements, including credit pools. The cumulative value of these credit agreements is $31,170,018.07. Capital Improvements Advisory Committee for Transportation Impact Fees February 22, 2017 Semiannual Report Page 2 of 4 Impact Fee Expenditures - Total fee revenues through January 31, 2017 by service area are as follows: Service Area Expenditures through January 31, 2017 _ No Fee Service Area _ $0-$100k _ $1.5M+-$3M $100k+ - $1.5M - Over $3M Recommendation Total Program Expenditures through 1/31/17 Service Area Total Expenditures A $3,346,843.80 AA M $25,555.55 B $2,293,865.19 C $4,371,904.63 D $4,971,175.95 E $1,840,325.93 F $3,944,400.46 G $2,471,055.55 L $25,555.55 M $1,420,555.55 N $25,555.55 O $25,555.55 S $293,619.35 T $25,555.55 U $10,000.00 W $1,425,555.55 X $25,555.55 Y $2,923,981.55 Z $1,725,749.55 Total $31,192,366.36 The CIAC submits the following recommendations for consideration by the Fort Worth City Council: • No changes to the Land Use Assumptions or Capital Improvements Plan are necessary at this time. • The transportation impact fee is being collected and maintained in accordance with state law. Capital Improvements Advisory Committee for Transportation Impact Fees February 22, 2017 Semiannual Report Page 3 of 4 The committee endorses this report and its recommendations and will discuss such with the City Council at their request. Vicky Schoch Jennifer Trevino Place 1 Place 2 Sloan Harris Mark Brast Place 3 Place 4 Robert Horton Place 5 VACANT Place 7 Mike Brennan Place 9 Stephanie Spann Place 6 Donald Boren, Chair Place 8 Capital Improvements Advisory Committee for Transportation Impact Fees February 22, 2017 Semiannual Report Page 4 of 4