HomeMy WebLinkAbout(0007) CIAC_Semiannual_Report_11-19-21Semi Annual Progress Report
Capital Improvements Advisory Committee for
Transportation Impact Fees
November 2021
'oRT WORT
Prepared by the Fort Worth Development Services Department
CIAC Semi -Annual Report
November 2021
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. We have begun the process of working on the 2022 Study
Update:
o Kimley-Horn was awarded the contract to be our consultant.
o The contract was authorized by City Council on September 21, 2021 and executed October 8, 2021.
o Kimley-Horn has requested GIS data from the city and staff is currently working with various
departments to gather the data requested. The data will formulate the land use assumptions for the
study, which will be presented to the CIAC in early 2022.
o The updated study 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. We have no
modifications to the land use assumptions at this time. Beginning in 2023, we will provide land use updates
to include annexations that occurred after the land use analysis for the study update on an annual basis to
incorporate these areas into Service Areas.
• 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
program expenditures began primarily as supplements to developer projects (Public -Private Partnerships),
and as the program continued, there were funds available to supplant capital projects. As a part of the 2022
Study, we would like to explore parameters for prioritization of funding requests. The following is an update
on the previously identified projects for these service areas:
Capital Improvements Advisory Committee for Transportation Impact Fees
November 19, 2021 Semiannual Report
Page 1 of 6
• Fee Revenues —Since the last semiannual report, an additional $7.55M in revenue has been collected across
all service areas. The Total fee revenues through September 30, 2021 by service area are as follows:
Total Program Revenues
throw h September 30, 2021
Service
Total Revenue
Area
A
$101476,892.09
AA
6,136,006.25
B
$6,276,651.79
C
$26,366,324.82
D
$20,575,920.59
E
$9,987,071.61
F
$10,340,560.21
G
$10,814,202.32
L
$410,792.10
M
$3,690,300.45
N
$3,096,574.80
O
$818,392.61
PI
$0
S
$3,306,489.45
T
$1,963,341.88
U
$1,977,382.96
V
$891,011.16
W
$2,999,706.08
X
$4,865,658.63
Y
$10,346,312.50
Z
$8,594,123.72
Total
$143,933,716.02
Service Area Revenues through September 30, 2021
- No -Fee Service Area _ $3.5M+ - $7M
$0 - $1M = $7M+ - $lOM
$1M+- $3.5M _ Over $10M
With the pandemic, there was a decrease in commercial building activity; but residential permits remained
relatively steady. There was a 13% decrease in revenue in 2021 compared to 2020. Fiscal year 2021
revenues were ahead of the 2019 revenue collection, but below the 2020 revenues. The report shows the
revenue collection totals from 2019, 2020 and 2021 to show the impact of the pandemic on the revenue
collection.
Capital Improvements Advisory Committee for Transportation Impact Fees
November 19, 2021 Semiannual Report
Page 2 of 6
Covid-19 Revenue Impact (2019 to 2021 Revenue collection)
Service
Area
FY 2019
Revenue
FY 2020
Revenue
%
Change
FY 2021
Revenue
A
$844,422.54
$1,366,473.97
-39%
$828,905.84
AA
$887,076.48
$1,004,500.16
-63%
$372,633.41
B
$508,240.17
$745,564.23
129%
$1,704,336.01
C
$3,238,767.95
$4,221,023.61
-17%
$3,505,659.93
D
$1,290,652.33
$1,768,283.06
-41%
$1,042,719.63
E
$1,218,211.36
$2,222,280.07
-42%
$1,290,375.86
F
$1,453,285.30
$451,205.69
165%
$1,197,839.99
G
$1,050,381.23
$1,463,777.02
-41%
$857,405.66
L
$43,740.59
$47,567.23
-81%
$8,890.60
M
$329,157.94
$587,280.67
41%
$829,924.50
N
$184,662.67
$5,488.24
199%
$16,392.19
O
$46,607.50
$101,475.00
-77%
$23,425.75
PI
0
$0
NA
$0
S
$110,119.86
$239,581.94
-64%
$85,788.75
T
$122,783.40
$589,339.00
-77%
$132,620.01
U
$31,000.00
$582,656.00
82%
$1,061,507.49
V
$227,250.00
$289,500.00
75%
$506,250.00
W
$80,804.16
$395,450.54
-68%
$127,802.03
X
$224,414.87
$518,686.36
-67%
$169,654.77
Y
$1,867,984.63
$1,022,785.06
66%
$1,694,497.22
Z
$352,065.10
$1,457,157.93
-16%
$1,218,361.06
TOTAL
$14,097,596.19
$19,080,075.78
-13%
$16,674,990.70
• Credit Agreements — Credit is required by state law in return for contributions toward eligible
improvements. Credits are used in lieu of payment of impact fees within the related development. Since
the last report, seven new credit agreements or pools have been submitted for review. Of these, three
agreements have been executed with a value of $1,4M; bringing the total number of credit agreements or
pools to 133. Three additional agreements are in the process of being executed with a value of $3.4M. There
were three amendments to existing agreements due to additional arterial construction with a value of $8.6M.
The cumulative value of all credit agreements is $107.8M. Of that total, $54.7M in credits have been used,
leaving a balance of $53.1M. As a component of the impact fee study update, staff will review the amount
of credit received compared to the amount of construction completed as a part of subdivisions to show how
far arterial construction goes on a dollar for dollar basis compared to the transportation impact fee collection
rates.
Capital Improvements Advisory Committee for Transportation Impact Fees
November 19, 2021 Semiannual Report
Page 3 of 6
• Impact Fee Expenditures — Since the previous report, $23.5M has been appropriated from the revenue
accounts to projects. In anticipation of the Tarrant County Bond Program, $12.8M in impact fee funds were
requested to serve as a component of the City's matching contribution for projects. In addition, $19M of
impact fee revenues have been appropriated for capital projects being considered for the 2022 City of Fort
Worth Bond Program. An additional $7.38M was utilized for three public -private partnerships with private
developers. The projects were all included in the 2017 Transportation Improvements Plan. Council has
authorized the use of 76% of all funds collected. For FY2021, the total funding expenditures of $38.9M
exceeded the revenues received for FY 2021 by $22.2M.
Impact Fee Funded Projects March 31, 2021 to September 30, 2021
Service
Area
Project
Project
Type
Funding
S
Chapel Creek Phase 5 Off -site Arterials
PPP
$492,083.00
C
Bailey Boswell — Harmon Rd. to Horseman Rd.
PPP
$4,000,000.00
ALL
2022 Transportation Impact Fee Study Update
Stud
$511,000.00
AA
Intermodal Parkway
TC Bond
$5,500,000.00
X/Z
Everman P — Rosedale Springs Rd. to Cameron Hill
TC Bond
$800,000.00
C
Bonds Ranch — Wagley Robertson to US287
TC Bond
$2,500,000.00
E/G
W J Boaz Rd. — Boat Club Rd. to Elkins School Rd.
TC Bond
$4,000,000.00
M
Trinity Blvd. — Salado Trail to Thames
2022 Bond
$1,300,000.00
A
Park Vista Rd. — Keller Haslet to Timberland Rd.
2022 Bond
$1,200,000.00
D
Ray White Rd. — Mirage to Wall Price Keller Rd.
2022 Bond
$500,000.00
D
Keller Hicks Rd. — Lauren Way to Park Vista Rd.
2022 Bond
$500,000.00
F
Meacham Rd. — FM 156 to IH-35W
2022 Bond
$1,200,000.00
E
Heritage Trace Pkw — Wagley Robertson Rd. to Saginaw Blvd
2022 Bond
$1,000,000.00
TOTAL Project Funding
$23,503,083.00
Total Transportation Impact Fee Project Funding
by Fiscal Year and Project Type
•i WCW
- P3
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$9
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$6
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Capital Improvements Advisory Committee for Transportation Impact Fees
November 19, 2021 Semiannual Report
Page 4 of 6
The total impact fee appropriations authorized through September 30, 2021 by service area are as shown
below:
Total Program Expenditures
through September 30, 2021
Service
Total
Area
Expenditures
A
$8,750,640.34
AA
$5,576,131.87
B
$3,967,441.50
C
$24,412,886.49
D
$19,311,961.26
E
$5,540,902.24
F
$8,649,510.32
G
$9,864,033.76
L
$376,131.86
M
$3,011,131.87
N
$276,131.87
O
$76,131.87
PI
$0.00
S
$2,854,442.79
T
$1,576,131.87
U
$60,576.32
V
$25,550.00
W
$1,757,185.11
X
$3,234,631.87
Y
$8,464,111.11
Z
$2,176,325.87
Total
$109,961,990.19
Service Area Expenditures
through September 30, 2021
_ No -Fee Service Area _ $4M+ - $6M
$0-$1M _ $6M+-$10M
$1M+- $4M _ Over $1OM
Capital Improvements Advisory Committee for Transportation Impact Fees
November 19, 2021 Semiannual Report
Page 5 of 6
Total Program Overview
through September 30, 2021
Service
Area
Total Revenue
Total Expenditures
Total Revenue
Expended
A
$10,476,892.09
$8,750,640.34
84%
AA
6,136,006.25
$5,576,131.87
91%
B
$6,276,651.79
$3,967,441.50
63%
C
$26,366,324.82
$24,412,886.49
93%
D
$20,575,920.59
$19,311,961.26
94%
E
$9,987,071.61
$55540,902.24
55%
F
$10,340,560.21
$8,649,510.32
84%
G
$10,814,202.32
$9,864,033.76
91%
L
$410,792.10
$376,131.86
92%
M
$3,690,300.45
$3,011,131.87
82%
N
$3,096,574.80
$276,131.87
9%
O
$818,392.61
$76,131.87
9%
PI
$0
$0.00
0%
S
$3,306,489.45
$2,854,442.79
86%
T
$1,963,341.88
$1,576,131.87
80%
U
$1,977,382.96
$60,576.32
3%
V
$891,011.16
$25,550.00
3%
W
$2,999,706.08
$1,757,185.11
59%
X
$4,865,658.63
$3,234,631.87
66%
Y
$10,346,312.50
$8,464,111.11
82%
Z
$8,594,123.72
$2,176,325.87
25%
Total
$143,933,716.02
$109,961,990.19
76%
Capital Improvements Advisory Committee for Transportation Impact Fees
November 19, 2021 Semiannual Report
Page 6 of 6
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.
"
Wanda Conlin (Nov 22, 2021 14:29 CST)
Donald Boren, Chair
Place 8
Vicky Schoch
Place 1
Vacant
Place 2
Jim Tidwell
Place 3
Matt Kotter
Place 4
Will Dryden
Place 5
Armard Anderson
Place 6
Edward Deegan
Place 7
Mariana Fletcher
Place 9
Josh Lindsay
Alternate
Matthij s Melchiors
Alternate
Stephanie Spann
Alternate
Jarrett Wilson
Alternate
LEONARD MANTEY (Nov 22, 202113:27 CST)
Leonard Mantey, Planning Manager
Staff Liaison
Capital Improvements Advisory Committee for Transportation Impact Fees
November 19, 2021 Semiannual Report
Page 7 of 6