The URL can be used to link to this page

Home My WebLink About2021/01/12-Attachments-CIAC Semi Annual Report 04-22-2015.pdfFORT WORTH, CAPITAL IMPROVEMENTS ADVISORY COMMITTEE FOR TRANSPORTATION IMPACT FEES AGENDA Wednesday, April 22, 2015 Immediately Following the City Plan Commission Meeting which begins at 1:30pm City Hall —Council Chamber, Second Floor 1000 Throckmorton Street, Fort Worth, Texas 76102 Place 1 Charles Rand 2 Jennifer Trevino 3 Sloan Harris 4 Mark Brast 5 Bob Horton Members Place 6 Stephanie Spann 7 James Wietholter 8 Donald Boren, Chair 9 Mike Brennan AGENDA I. Call to Order II. Approve Minutes from July 23, 2014 Regular Meeting III. Semi -Annual Report on Capital Improvements Plan and Transportation Impact Fees a. Overview b. Discussion c. Action — Approve and Adopt Semi -Annual Report IV. Request for Future Agenda Items V. Adjourn I, the undersigned authority do hereby certify that this Notice of Meeting was posted on the bulletin board, at the City Hall of the City of Fort Worth, Texas, a place convenient and readily accessible to the general public at all times and said Notice was posted on the following date and time Friday. April 17, 2015 at 3:00ynt and remained so posted continuously for at least 72 hours preceding the scheduled time of said meeting. City Secr ar for the City of Fart Worth, Texas ASSISTANCE AT THE PUBLIC MEETING: The Fort Worth City Hall and Council Chambers are wheelchair accessible. Persons with disabilities who plan to attend this meeting and who may need accommodations, auxiliary aids, or services such as interpreters, readers, or large print are requested to contact the City's ADA Coordinator at (817) 392-8552 or e- mail ADAkFortWorthTexas.gov at least 48 hours prior to the meeting so that appropriate arrangements can be made. If the City does not receive notification at least 48 hours prior to the meeting, the City will make a reasonable attempt to provide the necessary accommodations. ASISTENCIA EN LA REUNION PUBLICA: Fort Worth City Hall and Council Chambers son accesible con silla de ruedas. Se solicita a las personas con discapacidades que planean asistir a esta reuni6n y que necesitan acomodaciones, ayudas auxiliares o servicios tales como int6rpretes, lectores o impresiones con letra grande, que se comuniquen con el Coordinador de la Asociaci6n Americana de Discapacitados (ADA) de la Ciudad llamando al tel6fono (817) 392-8552 o por correo electr6nico a ADAkFortWorthTexas.gov por to menos 48 horas antes de la reuni6n, de modo que puedan hacerse los arreglos adecuados. Si la Municipalidad no recibe una notifcati6n por to menos 48 horas antes de la reuni6n, 6sta hard un intento razonable para proporcionar las acomodaciones necesarias. Semi Annual Progress Report Capital Improvements Advisory Committee for Transportation Impact Fees April 2015 r"- V1ri- - Prepared by the Fort Worth Planning and Development Department CIAC Semi -Annual Report April 2015 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: • 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. • 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. In addition to the previously funded projects, the following project has been funded since the last semiannual report: 1. Blue Mound Rd and Willow Springs Dr — Design of Blue Mound Road from Willow Springs Rd to Hwy 287 and Willow Springs Rd from Blue Mound Rd to Mascot Blvd Fees were used to reimburse Northwest ISD for a portion of the design of these two road sections. The City used future development funds for the remainder of the design cost. The total impact fee funding was $262,634 from Service Area B. Total approved impact fee funding to date is $8,401,186.47. • 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 $12.8M in transportation impact fee funding across multiple service areas. Capital Improvements Advisory Committee for Transportation Impact Fees April 22, 2015 Semiannual Report Page 1 of 3 • Fee Revenues - Total fee revenues through March 31, 2015 by service area are as follows: Service Area Revenues through March 31, 2015 _ No Fee Service Area _ $0 - $0.5M $2M - $4M $0.5M- $2M Over $4M Revenues Service 7/1/14 thru Total thru 3/31/15 Area 3/31/15 A $1,287,033.77 $4,670,990.23 AA $247,236.48 $884,519.64 B $342,651.99 $1,832,580.28 C $1,482,780.99 $6,064,711.58 D $827,202.49 $9,682,996.58 E $629,550.00 $2,690,982.39 F $607,100.80 $3,619,203.74 G $418,281.75 $3,409,031.28 L $9,469.53 $211,233.07 M $57,544.75 $1,441,126.79 N $279,995.85 $1,143,767.32 O $9,188.08 $410,447.25 S $275,388.00 $1,371,305.44 T $177,426.45 $465,976.69 U $18,000.00 $87,000.00 W $766,939.44 $1,567,217.26 X $297,188.75 $1,267,901.55 Y $658,439.35 $3,273,280.03 Z $811,182.10 $3,181,191.54 Total $9,202,600.57 $47,275,462.66 • 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, 39 credit agreements, including credit pools, have been executed with 2 being executed since July 2014 valued at $2,746,417.09. The cumulative value of these credit agreements is $23,671,162.17. Recommendation 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 April 22, 2015 Semiannual Report Page 2 of 3 The committee endorses this report and its recommendations and will discuss such with the City Council at their request. Charles Rand Place 1 Jennifer Trevino Place 2 Sloan Harris Mark Brast Place 3 Place 4 Robert Horton Stephanie Spann Place 5 Place 6 James Wietholter Place 7 Mike Brennan Place 9 Donald Boren, Chair Place 8 Capital Improvements Advisory Committee for Transportation Impact Fees April 22, 2015 Semiannual Report Page 3 of 3