City of Redmond Transportation Impact Fees. Joel Pfundt October 12, 2007

Transcription

1 City of Redmond Transportation Impact Fees Joel Pfundt October 12, 2007

2 Presentation Introduce Redmond, Washington Transportation Impact Fee History Ongoing Activities Next Steps

3 Redmond, Washington 2006 Population 50, Employment 82,000 Land Area 17 miles 2 Has experienced rapid growth during past 30 years Traffic Signals June Traffic Signals

4 Transportation Impact Fee History 1996 Implemented Impact Fees 1999 Updated Impact Fees with Additional Projects & Cross-Collecting Collecting Impact Fees with King County 2000 Began Providing 100% Credit for Developer Built System Improvements 2006 Impact Cost Escalation Added 2007 Update Impact Fees

5 1996 Implementation Vehicle Miles Traveled (VMT) Based Proportionate share calculated using traffic model Seven Transportation Management Districts, but three cost per VMT rates

6 2000 Change in Credit Calculation Prior to about 2000 calculated credit against system improvement projects built by development based on proportionate share of cost projected to be paid by impact fees Began to calculate credit based on 100% of project cost built by developers RCW (3) Resulted in reduced impact fees collected

7 2007 Update Project list had not changed since 1999 Update Original staff proposal was to increase fees in fast growing North Redmond area only using Transportation Impact Fee Overlay District Council directed staff to perform Citywide update

8 2007 Update Citywide update No major changes to calculation method One District encompassing entire City Added annual escalation based on WSDOT Construction Cost Index Rounded fees to nearest dollar at Council s Request 41% of City 20-Year Transportation Facility Plan (TFP) funded through impact fees

9 Ongoing Activities 2007 Amendment Amend 2007 impact fees to put cents back into fees rounding created winners and losers Commercial Office Development Example Rounded: 1m ft 2 x $12 = $12,000,000 Not Rounded: 1m ft 2 x $11.56 = $11,560,000 Increase with Rounding: $440,000

10 Ongoing Activities Process improvement (Zoom) Purpose: Create a process to accurately track and report the cost, funding and delivery of the 2022 TFP Challenge: Currently credited portion of projects has not been tracked Objective Statement: Increase accuracy of impact fee system by addressing impact fee credits

11 Possible Impact Fee Credits Existing Use Frontage improvements that are part of a TFP project, includes right-ofway dedications Supplemental mitigation Adjustment of base trip generation assumptions

12 Increase Credit Accuracy 1st Most Probable Cause: Existing building size information is not available Theory for Change: Collect and verify existing building information before it is removed as a result of demolition.

13 Increase Credit Accuracy 2nd Most Probable Cause: Credits for frontage improvements are complicated and don t always match estimated cost in TFP. Theory for Change: Create a form with standardized details to calculate value of frontage improvements comparable with City cost estimates.

14 Increase Credit Accuracy 3rd Most Probable Cause: It is not clear what has been calculated and if the latest information was used. Theory for Change: Create electronic tracking system that tracks calculations and site change updates, performs internal checks and generates periodic reports.

15 Increase Credit Accuracy 4th Most Probable Cause: Inconsistent trip calculations from various consultants. Theory for Change: Perform trip calculations using City s consultant resulting in consistent calculation techniques.

16 Next Steps Complete process improvement Update impact fees in 2008 to reflect Overlake Neighborhood Plan Update As part of 2008 Update make impact fees consistent with proposed new concurrency system, which is person miles traveled based

17 Conclusions Modifications to impact fee system make it easier to administer and more able to keep pace with project costs helping to ensure implementation of 2022 TFP Even with modifications, constantly changing plans and development activity make keeping transportation impact fees current very challenging

18 Contact Information Joel Pfundt, AICP Phone: Web Site: