PASCO COUNTY MOBILITY FEE 2018 UPDATE STUDY

Transcription

1 PASCO COUNTY MOBILITY FEE 2018 UPDATE STUDY Adoption Hearing 1 November 27, 2018

2 BACKGROUND Mobility fees are needed to fund mobility system in face of high growth rates. Pasco County has had transportation impact fees since Switched to modern mobility fee in Periodic updates required, last updated in Three fee districts, incentivized land uses, multi-modal. Fees have essentially been held constant since Slide #2

3 WHY DO WE HAVE ONE? Incentivizes desired location and type of development Efficient, safe, and predictable transportation system fosters economic growth Contributes to quality of life (less travel time required for daily activities). Diversifies revenue sources Mobility fee $$ can leverage other $$ Slide #3

4 HOW IS THE FEE CALCULATED? Fee = Travel Generated x Cost of Capacity Credits Incentives Where: Travel Generated= # Trips x Trip Length x % New Trips / 2 Cost of Capacity= Multi-modal, per LRTP, quality of service Credits= Self-generated $$ for capacity (e.g. gas tax, P4P sales tax, Property Tax Increment District) Incentives= Gov t pays for a portion of fee for specific uses using taxes from non-growth sources. Slide #4

5 FEE DISTRICTS Special fee schedules for: MUTRM TND TOD Harbors/West Market Area Rural SFDU: $9,800 Suburban SFDU: $8,570 Urban SFDU: $5,835 Slide #5

6 WHAT S CHANGED? Infrastructure costs increased by 6.7% Effect on Fee Incentives program expanded Revenue outlook is stronger Growth rates are slower Tax Increment self-credit increased Slide #6

7 PROPOSED 2018 FEE SCHEDULES Eleven fee schedules distributed Each schedule has 81 land uses Five new land uses introduced Fees remain same for most land uses, reductions in fee for eight land uses. Fee increase for mini-warehouse/self-storage only, per BCC direction at 9/25/2018 workshop. Potential fee increase for urban multi-family (apartments) use. Slide #7

8 PROPOSED 2018 FEE SCHEDULES New land uses: Non-Veterinary Kennel Breakfast/Lunch Only Restaurant Fast-Casual Restaurant (e.g. Chipotle, Panera, Pei Wei, etc.) Ice-Skating Arena Active/Passive Warehouse (still $0 fee) Slide #8

9 PROPOSED 2018 FEE SCHEDULES Reduced Fee Land Uses: High-Rise Condominium (-18%, Tax increment Credit) Age-restricted multi-family (-28%, Tax Increment Credit) Congregate Care Facility (-18%, Trip Rate Reduction) College/University in Suburban, Rural areas (-5 to -12%, Trip Rate Reduction) Church in Suburban district (-12%, Trip Rate Reduction) Hospital (-7 to -12%, Trip Rate Reduction) Hardware/Paint Store (-87%, Big Trip Rate Reduction) Mining in urban district (-16%, Corrected error in 2014 schedule) Slide #9

10 Slide #10 PROPOSED 2018 FEE SCHEDULES Increased Fee Land Use: Mini-warehouse (aka self-storage, removal of subsidy) Fee District 2014 Fee/ksf 2018 Fee/ksf Change ($$) % Change Urban $411 $512 $99 +25% Suburban $533 $652 $ % Rural $636 $1,162 $ % Note: The significant increase in the rural district has been double-checked, and is the result of removing what was a substantial subsidy ($717/ksf) in the prior rural fee district.

11 Slide #11 PROPOSED 2018 FEE SCHEDULES For discussion: Remove incentive/subsidy to Multi-Family Apartments, in Urban district only. Development Form Current Fee Zero Incentive Fee Change ($$) % Change Standard $3,971 $4,280 $489 +8% MUTRM $2,978 $3,210 $232 +8% TND $1,986 $2,140 $154 +8% TOD $993 $1,070 $77 +8%

12 APARTMENT MOBILITY FEES IN NEARBY COUNTIES Land Use Pasco Pinellas (1) H boro (2) Manatee (3) Sarasota (4) Polk Marion Apartment $3,971/ $5,845/ $6,694 $972/ $1,420 $2,883/ $4,183 $2,598 - $4,455 $1,636 - $3,116 $1,351 $903 Year of Adoption Notes: 1. Lower rates are for CBD, higher rates for all other areas 2. Lower rates are for Urban area, higher rates for rural area, rates are 70%, increasing to 90% in three years. 3. Manatee rates are lowest and highest of four districts. 4. Sarasota rates are lowest and highest of three districts.

13 PROPOSED HARBORS/WEST MARKET AREA VACANT INCENTIVE ZONE Expanded incentives program to include development of vacant parcels in incentive zone. Incentive for redevelopment was set to $0 in Fees reduced by 75% for vacant parcel incentive zone. Proposed Harbors / West Market Area Vacant Parcels Incentive Zone Slide #13

14 RURAL LARGE LOT FEE Incentive provided for Rural Single-Family homes, per BCC direction at 10/17/2017 workshop. Homes on lots 5 acres or larger will pay the same rate as same-size suburban homes. <5Ac lot SFDU: $9,800 5+Ac lot SFDU: $8,570 (1,501-2,499 s.f.) Slide #14 Suburban SFDU: $8,570 (1,501-2,499 s.f.)

15 Tier 3 Tier 2 Tier 1 INCENTIVES BUDGET Slide # Cost to Incentivize ($ Millions) Accumulative Cost to Incentivize ($ Millions) Commnent on Bud Incentive Category How Deep? 2014 Study Incentives Budget 1 "Urban" Office/Industrial Match $0 $97.8 $80.5 $80.5 Smaller quantity-s 2 Countywide TOD 25% of Urban Std Fee $38.7 $14.0 $94.4 Smaller % and Sl 3 West market area redevelopment/vacant infill Match 2014-$0 for redev $39.2 $44.9 $139.3 Increased q New TOD rate for infill 4 Countywide TND 50% of Urban Std Fee, $52.2 $18.2 $157.5 Reduced qu 50% of Rural Std Fee 5 "Urban" Hotel/Lodging Match $0 $3.5 $7.1 $164.5 About sa 6 Countywide MUTRM 75% of Urban Std Fee, $70.8 $91.8 $256.3 Reduced qu 75% of Rural Std Fee 1 "Suburban" Office/Industrial Match $0 $44.4 $25.4 $281.8 Smaller quantity-s 2 "Suburban" Hotel/Lodging Match $0 $1.5 $2.5 $284.2 About sa 3 "Rural" Office/Industrial Match $0 $23.7 $10.4 $294.7 Smaller quantity-s 4 "Rural" Hotel/Lodging Match $0 $0.6 $2.3 $297.0 Q increased from r 5 "Rural" Large Lot SFDU Match 2014 Suburban SFDU n/a $9.3 $306.4 New 6 "Urban" Retail/Institutional/Recreational Match 2011 $5,641 $23.9 $32.3 $338.7 Smaller quantity-s 7 "Urban" Residential Match 2011 $5,835 $1.0 $142.8 $481.6 Cost/other adj 1 Suburban Retail/Institutional/Recreational Match 2011 $7,051 $10.6 $22.2 $503.7 Cost/other adj 2 Rural Retail/Institutional/Recreational Match 2011 $8,813 $4.4 $7.9 $511.6 About sa 3 Suburban Residential Match 2011 $8,570 $0.0 $280.6 $792.2 Q increased from r 4 Rural Residential Match 2011 $9,800 $1.6 $69.5 $861.7 Cost/other adj Total: $413.9 $861.7 Incentives Budget: $431.2 $868.5 Margin: $17.3 $ %

16 ABLE TO INCREASE URBAN DISTRICT FUNDING 60% -5% % +4% % 30% 20% +6% % 0% Ease of car travel Ease of bus travel Slide #16 Ease of bicycle travel Ease of walking Availability of paths and walking trails Traffic flow on major streets Traffic enforcement Road repair Mass transit services

17 OTHER SIGNIFICANT PROPOSED CHANGES Recommend next update in five years (2023) to align with future five-year LRTP updates. Mobility fee administration fee being reduced from $392 per permit to $136 per permit due to less frequent updates and increased number of permits. Made it easier to qualify for West (Harbors) redevelopment exemption 25% prior lot coverage instead of 50%. Opt-out language removed (ability to opt-out expired in 2016). Slide #17

18 CONCLUSION Mobility Fee Advisory Committee unanimously recommended approval of all but two proposed changes: o Two members voted for 10 acres rural lot size, o One member preferred only 50% reduction for Harbors (West Market Area) infill lots. Planning Commission recommended adoption, retaining urban apartments incentive. Next step is BCC adoption hearing 2 on 12/11. Staff proposes an effective date for changes of February 1, Slide #18

19 QUESTIONS? Slide #19

20 Slide #20 PROPOSED 2018 FEE SCHEDULES Hillsborough County Apartment Rates: Transition Plan increases fee annually, through 2021 Apartment Fee Comparison Pasco Incentivized $3,971 Pasco Not Incentivized $4,280 Urban Fee Rural Fee Hillsborough 1/1/ % $2,059 $2,988 Hillsborough 1/1/ % $2,883 $4,183 Hillsborough 1/1/ % $3,294 $4,781 Hillsborough 1/1/ % $3,706 $5,378

21 Slide #21 PROPOSED 2018 FEE SCHEDULES Hillsborough County Fee District Boundaries:

22 MINI-WAREHOUSE FEES IN NEARBY COUNTIES Land Use Pasco Pinellas (1) H boro (2) Manatee (3) Sarasota (4) Polk Marion Mini- Warehouse (per 1,000 sf) $512/$652/ $1,162 $307/$247 $518/ $755 $744/ $1,040 $324/ $617 $456 $78 Year of Adoption Notes: 1. Lower rates are for CBD, higher rates for all other areas 2. Lower rates are for Urban area, higher rates for rural area, rates are 70%, increasing to 90% in three years. 3. Manatee rates are lowest and highest of four districts. 4. Sarasota rates are lowest and highest of three districts.

23 MOBILITY FEES IN NEARBY COUNTIES Land Use Pasco Pinellas (1) H boro (2) Manatee (3) Sarasota (4) Polk Marion Single-Family (1,500 sf) $5,835/ $8570/ $9,800 $1,529/ $2,066 $5,158/ $6,455 $3,541 - $6,092 $2,485 - $7,184 $2,155 $1,397 Apartment $3,971/ $5,845/ $6,694 $972/ $1,420 $2,883/ $4,183 $2,598 - $4,455 $1,636 - $3,116 $1,351 $903 Retail (100 ksf) $5,641/ $7,051/ $8,813 $2,015/ $3,627 $7,080/ $8,494 $9,330 - $13,041 $3,760 - $7,162 $3,808 $1,014 Office (50 ksf) $0/$0/ $0 $2,226/ $2,767 $8,498/ $9,131 $3,651 - $5,104 $2,272 - $4,327 $2,237 $676 Industrial (ksf) $0/$0/ $0 $1,137/ $1,414 $2,835/ $4,110 $2,304 - $3,225 $1,042 - $1,984 $666 $428 Year of Adoption Notes: 1. Lower rates are for CBD, higher rates for all other areas 2. Lower rates are for Urban area, higher rates for rural area, rates are 70%, increasing to 90% in three years. 3. Manatee rates are lowest and highest of four districts. 4. Sarasota rates are lowest and highest of three districts.

24 PROPOSED 2018 FEE SCHEDULES Incentives Strategy/Philosophy Urban/Rural MUTRM is 75% of Standard Fee Urban/Rural TND is 50% of Standard Fee Urban TOD is 25% of Standard Fee Suburban MUTRM, TND, TOD = Urban MUTRM, TND, TOD All Office, Industrial, Lodging is zero fee Target Infill in Urban Harbors/WMA = Urban MUTRM Rural Large Lot SFDU = Suburban SFDU Slide #24

25 Number of Homes NEW HOME TAXABLE VALUE 2014 Values: $127,500 Urban netted $139 credit $127,500 Suburban netted $139 credit $115,000 Rural netted $126 credit 0.25 mill assumed to capital Taxable Value of Recent Homes (1,500-2,500 s.f., ) Value Range ($) RURAL SUBURBAN URBAN Source: Pasco County Slide #25 Rural: $78,778 Suburban: $108,780 Urban: $129,989

26 NEW HOME TAXABLE VALUE Info from Landmark Reports: $315,000 average closing cost for houses essentially in Urban and Suburban areas in 1 st quarter %, minus $50,000 homestead exemptions = $202,000 taxable value. May, 2018 Tax Roll, all home sizes, 2017 only, urban and suburban areas gets $227,242 Slide #26 Upon review, I noted townhomes are included in single-family, so I m willing to increase SFDU, 1,501 to 2,499 s.f. to $152,000 / $128,000

27 % VMT % VMT QUALITY OF SERVICE 2010 average vmt/vmc = 0.58, but 17.8% of travel is on roads w/ v:c > 1.0 Per 2040 LRTP (CAR=0.75), 2040 average = 0.87, and 39.2% of travel is on roads w/ v:c > 1.0 CAR of 0.97 provides 2040 average = 0.78, and 7.3% of travel on roads w/ v:c > 1.0* Comp Plan sets goal of 0% > 1.0. *Spreadsheet estimate Slide # % 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 2010 % VMT by V:C Ratio V:C Ratio Range 2040 % VMT by V:C Ratio, 0.97 CAR v 0.75 CAR CAR=0.75 CAR=0.97 V:C Ratio Range

28 LAND USE QUANTITIES INCENTIVIZED Drives incentives budget Legal defensibility Actual quantities/rates less than estimated in 2014 Study. Current growth forecast lower than 2014 forecast. Proposed quantities in orange columns. Slide #28 Quantities for Growth Incentives "Budget" Quantity of Growth Incentives Budgeted Study Actual % ( ) 2018 "Proposed Budget" 25-Year Quantity Percentage Percentages 25-Year Quantity TOD Urban Suburban Rural Urban Suburban Rural Urban Suburban Rural Urban Suburban Rural Urban Suburban Rural SFDU 1, % 1.0% 0.0% 0.0% 0.0% 0.0% 0.5% 0.5% 0.0% MFDU 1, % 2.0% 0.0% 0.0% 0.0% 0.0% 2.0% 2.0% 0.0% Industrial SF % 0.0% 0.0% 0.0% 0.0% 0.0% Retail SF 566, , % 3.0% 0.0% 1.4% 4.0% 0.0% 100, ,868 - Service SF 602, , % 3.0% 0.0% 1.0% 1.0% 0.0% 73,480 20,134 - Hotel/Motel Rooms % 0.0% 0.0% 5.2% 0.0% 0.0% Year Quantity Percentage Percentages 25-Year Quantity TND Urban Suburban Rural Urban Suburban Rural Urban Suburban Rural Urban Suburban Rural Urban Suburban Rural SFDU 2,658 1, % 3.0% 0.5% 2.0% 0.0% 0.0% 2.0% 1.0% 0.0% 1, MFDU 1, % 5.0% 1.0% 0.0% 0.0% 0.0% 2.0% 1.0% 0.0% Industrial SF % 0.0% 0.0% 0.0% 0.0% 0.0% Retail SF 1,133, , % 6.0% 0.0% 1.0% 1.0% 0.0% 71,981 29,717 - Service SF 903, , % 5.0% 0.0% 1.0% 1.0% 0.0% 73,480 20,134 - Hotel/Motel Rooms % 0.0% 0.0% 0.0% 0.0% 0.0% Year Quantity Percentage Percentages 25-Year Quantity MUTRM Urban Suburban Rural Urban Suburban Rural Urban Suburban Rural Urban Suburban Rural Urban Suburban Rural SFDU 10,460 11, % 25.0% 2.0% 18.0% 0.0% 0.0% 18.0% 5.0% 0.0% 14,905 2,517 - MFDU 3,661 2, % 35.0% 2.0% 6.0% 0.0% 0.0% 10.0% 5.0% 0.0% 1, Industrial SF % 0.0% 0.0% 0.0% 0.0% 0.0% Retail SF 1,133, , % 6.0% 0.0% 4.0% 9.0% 0.0% 287, ,453 - Service SF 903, , % 5.0% 0.0% 2.0% 5.0% 0.0% 146, ,669 - Hotel/Motel Rooms % 0.0% 0.0% 10.0% 0.0% 0.0% Year Quantity Percentage Percentages 25-Year Quantity WMA & RLL Urban Suburban Rural Urban Suburban Rural Urban Suburban Rural Urban Suburban Rural Urban Suburban Rural SFDU 3, % 0.0% 0.0% 9.0% 0.0% 0.0% 10.0% 0.0% 11.6% 8,281-1,000 MFDU 1, % 0.0% 0.0% 6.0% 0.0% 0.0% 7.0% 0.0% 0.0% 1, Industrial SF 45, % 0.0% 0.0% 5.0% 0.0% 0.0% 128, Retail SF 453, % 0.0% 0.0% 10.0% 0.0% 0.0% 719, Service SF 335, % 0.0% 0.0% 10.0% 0.0% 0.0% 734, Hotel/Motel Rooms % 0.0% 0.0% 10.0% 0.0% 0.0% Year Quantity Percentage Percentages 25-Year Quantity "Standard" Urban Suburban Rural Urban Suburban Rural Urban Suburban Rural Urban Suburban Rural Urban Suburban Rural SFDU 87,410 33,601 10, % 71.0% 97.5% 71.0% 100.0% 100.0% SF 69.5% 93.5% 88.4% 57,551 47,065 7,657 MFDU 16,552 3,901 2, % 58.0% 97.0% 88.0% 100.0% 100.0% MF 79.0% 92.0% 100.0% 13,634 6,718 1,457 Industrial SF 5,310,376 3,444,300 2,097, % 100.0% 100.0% Ind 95.0% 100.0% 100.0% 2,447, ,571 24,021 Retail SF 10,882,317 3,352,202 1,060, % 85.0% 100.0% Ret 83.6% 86.0% 100.0% 6,017,630 2,555, ,770 Service SF 12,314,442 3,509,467 1,251, % 87.0% 100.0% Ser86.0% 93.0% 100.0% 6,319,284 1,872, ,210 Hotel/Motel Rooms 1, % 100.0% 100.0% Hot 74.9% 100.0% 100.0% 1,

29 System Performance Results FEE STRATEGY Total Urban Suburban Rural PMT: 12,350,494 7,879,761 3,122,914 1,347, PMT of Growth (Per Estimate): 8,521,156 4,481,359 2,931,816 1,107, Total Future Year pmt: 20,871,650 12,361,120 6,054,730 2,455, % of Total Growth: 100.0% 52.6% 34.4% 13.0% PMC: 20,808,994 11,291,799 6,591,540 2,925, Allocation of Revenue from program: $3,376,791, % 40.0% 9.5% 8.07 PMC built: 9,648,702 4,889,425 3,803, , Total Future Year pmc: 30,457,697 16,181,225 10,395,519 3,880, Annual Growth in pmt: 2.12% 1.82% 2.68% 2.43% 8.10 Existing Ratio: Replacement Ratio Achieved: Future Year Ratio: Notes: 1. The current revenues addressed in this table refer to only portions distributed to Pasco County and are committed to capital expansion of the transportation system. 2. Allocation of revenues to districts is based on the proportion of growth that's estimated. In fact, funds can be allocated differently, if Slide #29

30 FEE STRATEGY "LRTP Statement" by District 2010 numbers from TBRPM v8.2, validation Urban Suburban Rural Total 2010 VMT Estimate: 5,176,566 1,961, ,390 7,993, VMC: 7,276,802 4,298,819 2,110,902 13,686,523 Simple v:c: VMT Estimate: 5,751,650 2,279, ,810 9,014, VMC: 8,209,820 4,797,539 2,135,514 15,142,873 Simple v:c: numbers from TBRPM draft 2015 highway network file, manual estimates of vmt growth. Very preliminary estimates. Slide #30

31 FEE STRATEGY 2010 Lane-Miles 2015 Lane-Miles Urban Suburban Rural Total Urban Suburban Rural Total Change Freeway Arterials , , One-Way Ramps Toll Totals: , , Veh-Mi Capacity 2015 Veh-Mi Capacity Urban Suburban Rural Total Urban Suburban Rural Total Change Freeway 687, ,357 1,206, , ,193 1,261,875 55,277 Arterials 6,191,765 3,781,051 1,559,175 12,286,789 6,869,761 4,279,759 1,471,559 12,621, ,289 One-Way 0 33, , , ,574 2 Ramps 81, , , , , ,469 12,484 Toll 397, , ,370 1,071, , , ,373 1,071, ,358,757 4,298,819 2,132,290 14,740,766 8,209,820 4,797,539 2,135,514 15,142, , numbers from TBRPM v8.2, validation 2015 W.E. Oliver, numbers P.E., LLC from TBRPM draft 2015 highway network file. Slide #31

32 TRIP LENGTH ADJUSTMENTS Updated model used. Technique was to scatter probe TAZ s in Urban, Suburban, and Rural districts. ( Sampling ) Newer model doesn t differentiate between Regional and Local retail, service. Trip length adjustments similar in most cases. Averaging the 2014 and 2018 samples. TAZ Fee Dist Trips VMT Residential Industrial Commercial Service Avg Avg Trip Avg Trip Trip Len Trips VMT Len Trips VMT Len Trips VMT 2452 U , U , U , U , U , U , S , S , S , S , S , R , R , R , R , Avg Trip Len U 2,955 18, ,232 11, ,933 52, ,112 15, S 1,967 19, ,030 9, ,431 42, ,763 12, R 2,071 24, , ,918 61, ,406 14, Urban Adjustment: Suburban Adjustment: Rural Adjustment: Study Study Average Slide #32

33 COST INDICATORS FDOT Cost Index (2014 to 2017) indicates ~5% NHCCI (2014 to 2017) indicates ~4% Local State Costs ~14% higher than used in Hillsborough County Mobility Fee at $522/vehicle-mile Recommending ~6.7% increase (from $ to $477.94/veh-mi (suburban district) NHCCI = National Highway Construction Cost Index (FHWA) FDOT Construction Cost Index Historical 0.50 Projection Slide #33

34 HOW IS THE FEE CALCULATED? M obility Fee Calculation M ethodology Example: Single-Family Dwelling Variable Urban Suburban Rural Line # Source Slide #34 Daily Trips: From trip rate studies, ITE Trip Generation Standard Trip Length: From driver interviews Trip Length Adjustment Factor: From Regional Planning Model (RPM) modeling Assessable Trip Length: x 3 T rip Length for Credits: % NT : 100% 100% 100% 6 From driver interviews, ITE Trip Generation reference VMT to PMT Factor: From RPM Assessable PMT /Day: x 4 x 6 x 7 x 0.5 Weighted Capacity Addition Ratio: Weighted mix of CAR by district, weighted to trip length Toll Rd Deduction: 1.7% 1.0% 3.8% 10 From RPM modeling Capacity Needed: x 9 x (1-10) Unit Cost ($/pmc): $ $ $ Cost weighted by trip length in each district Cost of Impact: $10,565 $13,385 $17, x 12 Pennies/gal: $0.354 $0.354 $ State and County commitment of taxes to transp. capital MPG: From FHWA Report VM-1 Days/Yr: From Calendar Int Rate: 3.3% 3.3% 3.3% 17 From Pasco OMB Yrs: Typical "forseeable future" planning horizon Annual Gas T ax Credit: $193 $208 $ x 5 x 6 x 14 x 16 /(15 x 2) PV 25 yrs GT : $3,243 $3,508 $4, Present value of 19 over 25 years. PV 25 yrs Tax Increment: $139 $139 $ Tax increment "self-credit" Net Fee: $7,183 $9,737 $12, Policy Discount: 18.9% 12% 22% 23 Policy discount % Net Fee: $5,826 $8,570 $9, x (1-23)

35 Gallons per Year Millions Daily VMT Millions GROWTH RATES Rate of growth vs. rate of system expansion Annual Gasoline Sales and VMT Pasco County y = 3,364,344x - 6,582,820, Consider: In 2017 Pasco had 10.0M vmt on major roads. If 2.81% per year growth, we ll add 281,000 VMT this year. At $478/vmc, that costs $134M (at a 1:1 ratio). In-place Federal, State, and County revenues generate $72.8M+/year. (Excludes mobility fee -- $44.75 is State/Fed $$) Slide # Gallons of Gasoline Sold y = 281,342x - 554,113, Daily 2008 VMT Year

36 Gallons per Year Millions Daily VMT Millions GROWTH RATES Average of BEBR Medium and High Population (Medium is 1.26%/yr, MPO proposes 1.99%/yr) Sales Tax growing at 5%/yr Gasoline consumption growing at 1.6%/yr (5-yr trend) Employment to population ratio increases from to (2.17%/yr) VMT grows at 2.07%/yr Annual Gasoline Sales and VMT Pasco County Gallons of Gasoline Sold Daily VMT Forecast Year Compares with 2.44% in 2014 study Slide #36

37 Gallons per Year Millions Daily VMT Millions GROWTH RATES Average of BEBR Medium and Residential Units Permitted High Population (Medium is 3, %/yr, MPO proposes 2, %/yr) 2,000 Sales Tax growing at 5%/yr Gasoline 1,500 consumption growing at 1.6%/yr (5-yr trend) 1,000 Employment 500 to population ratio increases from to (2.17%/yr) VMT grows at 2.07%/yr Annual Gasoline Sales and VMT Pasco County Gallons of Gasoline Sold Daily VMT Forecast Year Compares with 2.44% in 2014 study Slide #37

38 QUANTITIES TO INCENTIVIZE Growth Allocation to Incentive Categories: Total Growth 2018 to 2043: Urban Suburban Rural Total Population 217, ,287 19, ,083 SFDU 82,807 50,336 8, ,800 d.u. MFDU 17,258 7,302 1,457 26,017 d.u. Industrial Emp 5, ,725 6,724,888 s.f./emp Retail Emp 14,396 5, ,233 10,616,592 s.f./emp Service Emp 24,493 6,711 2,071 33,275 8,318,823 s.f./emp Hotel/Motel 1, ,544 rooms Quantity of Growth Incentivized -- TOD Enter percentages below Urban Suburban Rural Total Urban Suburban Rural Total SFDU % 0.0% 0.0% 0.3% MFDU % 0.0% 0.0% 2.4% Industrial Emp % 0.0% 0.0% 0.0% Retail Emp % 0.0% 0.0% 1.4% Service Emp % 0.0% 0.0% 1.5% Hotel/Motel % 0.0% 0.0% 4.6% Slide #38

39 CAPACITY ADDITION RATIO CONCEPT 200,000 pmt 300,000 pmc = , ,000 pmt 300, ,000 pmc = 0.75 Congestion Ratio vmt=vehicle-miles of travel vmc=vehicle-miles of capacity Slide #39 Capacity Addition Ratio (CAR) 39

40 Overall VC_Ratio HOW IT FITS TOGETHER Overall VC_Ratio by County_Population Pasco Florida Counties Upper 25%-ile Lower 25%-ile 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 County_Population Slide #40

41 WHAT IS A MOBILITY FEE? One-time charge on development that creates additional travel to help fund needed transportation system capacity. Developed consistent with adopted comprehensive/transportation plan Slide #41

42 KEY OBJECTIVES AND ISSUES Predictable, equitable, fair (minimize dramatic changes in fees) Update costs, technical parameters Update changes in expected revenues from P4P sales tax, tax increment district, motor fuel taxes affects revenues for incentives Review/adjust/consider new incentives (Large lot rural, infill) Add four new land use categories (Ice skating facility, Brunchery, Fast-casual restaurant, Non-veterinary kennel) Slide #42

43 HOW IS THE FEE CALCULATED? Incentives for location of development (Urban, Suburban, Rural, West Market Area) Incentives for form of development (TOD, TND, MUTRM) Incentives for job-creation/attraction (Office, Industrial, and Lodging) Slide #43

44 BENEFIT DISTRICTS Slide #44

45 BENEFIT DISTRICTS 3 East 1 West 2 Central Slide #45

46 PROJECT SCHEDULE April May June July August Stakeholder Meetings: O x O x O x O BoCC Workshop*: O LPA/DRC Workshop*: O Report*: BoCC Adoption*: O O Notes: x-agenda distribution day O -meeting day * meetngs and workshops with BoCC, LPA, and DRC are subject to change, pending direction of fee. Most meetings on Wednesday afternoons Issue agenda, backup packet two days in advance (Monday a.m.) Slide #46

47 NEXT MEETING Review of parameters Revenues Costs Growth rates Initial fee calculations Review of current LRTP Infill/Large Lot incentives discussion Slide #47

48 Tier 3 Tier 2 Tier 1 FEE STRATEGY Modified heavily incentivized land use quantities. Stronger revenue forecasts. Reduced incentive quantities/budgets Introduced additional incentives Incentive Budget Estimate CAR (overall 1.12), v4 Incentive Category How Deep? 2014 Study Incentives Budget Cost to Incentivize ($ Millions) Accumulative Cost to Incentivize ($ Millions) Commnent on Budget Changes 1 "Urban" Office/Industrial Match $0 $97.8 $46.9 $46.9 Smaller quantity-slower Growth 2 Countywide TOD 25% of Urban Std Fee $38.7 $9.5 $56.4 Smaller % and Slower Growth 3 West market area redevelopment Match $0 $39.2 $77.6 $134.0 Increased quantity 4 Countywide TND 50% of Urban Std Fee, $52.2 $10.7 $144.7 Reduced quantity 50% of Rural Std Fee 5 "Urban" Hotel/Lodging Match $0 $3.5 $4.1 $148.8 About same 6 Countywide MUTRM 75% of Urban Std Fee, $70.8 $39.5 $188.3 Reduced quantity 75% of Rural Std Fee 1 "Suburban" Office/Industrial New - $0 $44.4 $20.1 $208.3 Smaller quantity-slower Growth 2 "Suburban" Hotel/Lodging New - $0 $1.5 $2.0 $210.3 About same 3 "Rural" Office/Industrial New - $0 $23.7 $8.1 $218.4 Smaller quantity-slower Growth 4 "Rural" Hotel/Lodging New - $0 $0.6 $1.8 $220.2 Q increased from reducing other 5 "Rural" Large Lot SFDU Match 2014 Urban SFDU n/a $8.1 $228.3 New 6 "Urban" Retail/Institutional/Recreational Match 2011 $5,641 $23.9 $8.5 $236.8 Smaller quantity-slower Growth 7 "Urban" Residential 0.8 $5,835 $1.0 $0.0 $236.8 Cost/other adjustments 1 Suburban Retail/Institutional/Recreational Match 2011 $7,051 $10.6 $14.7 $251.5 Cost/other adjustments 2 Rural Retail/Institutional/Recreational Match 2011 $8,813 $4.4 $5.5 $257.0 About same 3 Suburban Residential Match 2011 $8,570 $0.0 $129.9 $386.9 Q increased from reducing other 4 Rural Residential Match 2011 $9,800 $1.6 $35.3 $422.2 Cost/other adjustments Total: $413.9 $422.2 Incentives Budget: $431.2 $935.1 Margin: $17.3 $512.9 Slide #48

49

50 PDD Mobility Fee Ordinance Changes

51 Note: The following slides are only major proposed text changes to the Mobility Fee Ordinance

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