HomeMy WebLinkAbout(0010) CIAC Semi Annual Report 06-24-2020 Signed.pg.pdfSemi Annual Progress Report
Jl ira-usporr aflo n Rrrnpzct Fees
June 2®2®
RTWORT
Prepared by the Fort Worth Planning and Development Department
CIAC Semi -Annual Report
I1'ii'iT�hllyTl7
Introduction
This report was prepared by the Fort Worth Development Services 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 are 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 2018. The next impact fee update study will be initiated in late
2021 or early 2022 and must be adopted by January 23, 2023.
• Land use assumptions — The current land uses were updated with the adoption of the
2017 Transportation Impact Fee Study by Council on January 23, 2018, as recommended
by the CIAC. These land uses will remain in effect until the 2022 update study is
adopted by Council.
Funds Utilization — The Development Services and Transportation & Public Works
departments' staff continue to work together to leverage transportation impact fee funds
to deliver arterial street projects. The current focus is on identifying projects for the six
service areas where less than 20% of the area's total revenue has been used to fund
projects. Staff is considering smaller projects, potentially intersection improvements or
expanding the scope of existing projects, to utilize revenue. Additionally, staff is now
reviewing preliminary and final plat cases to identify potential public -private -partnership
projects as early as possible in the development`process.
• Fee Revenues — Since the last semiannual report, an additional $16 M in revenue has
been collected across all service areas. The Total fee revenues through May 31, 2020 by
service area are as follows:
Capital Improvements Advisory Committee for Transportation Impact Fees
June 24, 2020 Semiannual Report
Page 1 of 4
Service Area Revenues through May 31, 2020
No -Fee Service Area $3.5M+ - $7M
$0-$1M $7M+-$IOM
$1M+ - $3.5M Over $1 OM
Total Program Revenues
throu
h Ma 31, 2020
Service
Area
Total Revenue
A
$
9,526,492.25
AA
$
5,373,801.38
B
$
4,214,540.27
C
$
20,846,245.13
D
$
18,924,966.56
E
$
8,051,704.55
F
$
9,031,327.91
G
$
9,276,773.66
L
$
401,901.50
M
$
2,432,566.57
N
$
3,080,182.61
O
$
749,179.36
PI
$
0.00
S
$
3,000,070.56
T
$
1,664,543.01
U
$
523,954.07
V
$
487,261.16
W
$
2,892,939.92
X
$
4,579,490.01
Y
$
8,441,891.70
Z
$
7,114,540.08
Total
$
120,614,372.26
With the national pandemic, we have noticed a slight decrease in the amount of new
commercial building permit applications. New residential building permit application
volumes have been holding steady and we anticipate that trend to continue.
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. Since the last report, an additional 8 credit agreements or pools
have been executed; that brings the total number of credit agreements or pools to 98. The
value of those new agreements is $4.6M and the cumulative value of all credit
agreements is $69.6M.
Impact Fee Expenditures — Since the previous report, an additional $11.985M of impact
fee revenues have been appropriated for capital projects throughout the City. These
projects were all include in the 2017 Transportation Improvements Plan.
Capital Improvements Advisory Committee for Transportation Impact Fees
June 24, 2020 Semiannual Report
Page 2 of 4
Impact Fee Funded Projects since May 31, 2020
Service
Area
Council
District
Project
Funding
C
7
Golden Triangle Blvd (Harmon to I-35W)
$4,500,000.00
C
2 & 7
N Tarrant Pkwy /Harmon Rd ( Bridges at US 287)
$185,852.00
D
4
N Riverside Dr (N Tarrant to Summerfields)
$3,000,000.00
D
7
N Riverside Dr (Golden Triangle to Keller Hicks)
$1,000,000.00
G
2
Cromwell Marine Creek Pkwy (Boat Club to Marine Creek)
$3,000,000.00
L
4
East Is' Street (Beach to Oakland)
$300,000.00
The total impact fee appropriations authorized through May 31, 2020 by service area are as
follows:
Service Area Expenditures through June 30, 2019
No -Fee Service Area $1M+ - $2.5M
$0 - $0.1M $2.5M+- $7M
$0.1M+-$IM Over$7M
Total Program Appropriations
through May 312020
Service
Total
Total
Area
Expenditures
Revenue
Expended
A
$4,025,090.34
42%
AA
$50,581.87
1%
B
$2,718,891.50
65%
C
$11,587,336.49
56%
D
$11,636,411.26
61%
E
$2,515,352.24
31%
F
$7,073,960.32
78%
G
$7,838,483.76
84%
L
$350,581.86
87%
M
$1,685,581.87
69%
N
$250,581.87
8%
O
$50,581.87
7%
131
$0.00
0%
S
$318,645.67
11 %
T
$50,581.87
3%
U
$35,026.32
7%
V
$0.00
0%
W
$1,450,581.87
50%
X
$2,150,581.87
47%
Y
$3,449,007.87
41%
Z
$1,819,784.07
26%
Total
$59,057,644.79
49%
Capital Improvements Advisory Committee for Transportation Impact Fees
June 24, 2020 Semiannual Report
Page 3 of 4
Recommendation
The CIAC submits the following recommendations for consideration by the Fort Worth City
Council:
The transportation impact fee is being collected and maintained in accordance with state
law and City code.
The transportation impact fee revenues are being expended in accordance with state law
and City code.
The committee endorses this report and its recommendations and will discuss such with the City
Council at their request.
VV Schoch (Jun 24, 022 017:02 CDT)
Vicky Schoch
Place 1
Jim Tidwell
Place 3
�zv Rrrde�tsrx�
BenjaKiin Robertson (Jun 24, 202016:35 CDT)
Benjamin Robertson
Place 5
Edward Deegan (Jun 24, 202016:36 CDT)
Edward Deegan
Place 7
/l di,ZlliL
Melissa Konur (Jun 25, 202011:27 CDT)
Melissa Konur
Place 9
Timothy Bishop
Place 2
Mar st ()un 26, 2020 20:27 CDT)
Mark Brast
Place 4
Aped AltArsyYP
Armard Anderson (Jun 25, 202011:18 CDT)
Armard Anderson
Place 6
0" It
Wanda Conlin (Jul 2, 202017:34 CDT)
Donald Boren, Chair
Place 8
Capital Improvements Advisory Committee for Transportation Impact Fees
June 24, 2020 Semiannual Report
Page 4 of 4