a comparison of consumptive-based and improvements-based ... · government employment 27151 43944...
TRANSCRIPT
A Comparison of Consumptive-Based and Improvements-Based Transportation Impact Fees
Purpose of Presentation
Illustrate the Differences Between Consumptive- and Improvements-Based Traffic Impact Fees
Using Ada County Highway District (Boise, Idaho) as example
Absence of National Research Comparing Consumptive- and Improvements-Based TIFs
Overview
Case Study Area
Ada County Highway District -Boise, Idaho
Boise area population to grow by 100,000:
390,000 (2000) to490,000 (2025)
Existing Traffic Conditions
A
B
C
D
E
F
LOS
A
B
C
D
E
F
A
B
A
B
C
D
C
D
E
F
E
F
LOS
E
Data Source: COMPASS Travel Demand Model, 2000
LEGEND COLOR V/C Ratio LOS Green < 1.0 LOS A-CBlue 1.0 - 1.25 LOS D Black 1.25 - 1.5 LOS E Red > 1.5 LOS F
2000 Traffic
Future Traffic Conditions
A
B
C
D
E
F
LOS
A
B
C
D
E
F
A
B
A
B
C
D
C
D
E
F
E
F
LOS
E
Data Source: COMPASS 2025 Demand on 2007 Network
LEGEND COLOR V/C Ratio LOS Green < 1.0 LOS A-CBlue 1.0 - 1.25 LOS D Black 1.25 - 1.5 LOS E Red > 1.5 LOS F
2025 Traffic
Traffic StatisticsVehicle Miles of Travel
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
Princip
al Arte
rial
Minor A
rteria
lColl
ector
Loca
lState
Roads
2000
2025 TIP
2025 CIP
Vehicle Miles of Travel
Lane Miles of Congestion
0
25
50
75
100
125
150
Princip
al Arte
rial
Minor A
rteria
lColl
ector
Loca
lState
Roads
2000
2025 TIP
2025 CIP
Lane Miles of Congestion
History of ACHD TIF
(Clancy bullets)
Original Transportation Impact Fee Adopted by ACHD Using Consumptive-Based Methodology(original needs/goals of TIF?)(TIF rate structure ?)(others?)
Issues Since Original TIF Adoption
Proportionate Share / Rational Nexus
Stakeholders desiring more Exact Nexus….while
Individual Assessments
Individual Assessments exceeding 30% of all TIF Payments
In 2002, of the $8 million TIF collected, $3 million refunded through Individual Assessments
……ACHD tried to reign in the rate and impact of individual assessments
Other Policy and Technical Issues
Multiple Adjustments to Original Methodology ACHD Policy Adjustments to Close the “Loopholes”Negative Stakeholder ResponseIdaho State Legislative ActionStakeholder Expectation for Direct Participation in CIP Project Selection and TIF-Eligibility Determination
Consumptive-Based Methodology
Developing a Consumptive-Based TIF
1 Estimate the Impact Fee-Eligible
Construction Cost2 Estimate the Trip-Mile Cost
3 Estimate Trip Adjustment Factors
4 Estimate Tax Credits
5 Estimate Traffic Impact Fee
Steps
General Steps to Develop Consumptive-Based TIF
Vertical Slide #1
Improvements-Based Methodology
Developing an Improvements-Based TIF
1 Estimate the Impact Fee-Eligible
Improvement Costs
2 Estimate the Cost / VMT
3 Estimate Trip Adjustment Factors
4 Estimate Traffic Impact Fee
Steps
General Steps to Develop Improvements-Based TIF
Vertical Slide #2
Comparing MethodologiesSide-By-Side
Step 1: Estimating Impact Fee-Eligible Costs
- =
=
ACHD Capital Improvements Plan Update, 2003-2023: Total Project Costs Non TIF-Eligible Costs TIF-Eligible Costs
$166,587,749$354,404,663 - $187,816,914
Cons
umpt
ive
Impr
ovem
ents
Impact Fee-Eligibility
COST - - - =$34,577,740 - $4,941,159 - $4,941,159 - $11,362,245 = $13,333,177
(a) / (b)
-
SQUARE FEET - = x =3,308,000.0 - 551,444 - 1,267,956 = 1,488,600 $8.96 x 60,720 = $544,051
AVERAGE CONSTRUCTION COST PER LANE-MILE
Sq. Ft. of Pavement
per System Lane-Mile
Impact Fee-Eligible
Construction Cost
(a)
(b)Square Feet of Bike Lane
Original 2-Lane Roadway
Impact Fee-Eligible Sq.
Ft. of Pavement
Impact Fee Eligible Cost Per Sq. Ft.
Sidewalk Cost Bike Lane Cost
Original 2-Lane
RoadwayImpact Fee-
Eligible Cost
Total Square Feet of
Pavement
Total Construction
Cost
Step 2: Estimating Cost Per Unit
VMT PEAK HOUR CONVERSION FACTOR / =
SOURCE: NCHRP Report #255, Transportation Research Board SOURCE: COMPASS Travel Model, 2000 (rounded)National average for arterial streets in urban areas with populations 100,000 - 250,000 * Daily, Net New Arterial System VMT multiplied by Peak Hour Conversion Factor
9%
ACHD CIP TIF-Eligible Costs
Net New Ada County "System" VMT*
(Peak Hour)
VMT Cost (area wide example)
$166,587,749 / 188,879 = $882
Cons
umpt
ive
Impr
ovem
ents
Land Cost x Lane-Mile Sq. Ft. = ROW Cost +Construction
Cost = Total Cost /Service
Capacity =Trip Mile
Costs
Assessment District (per sq. ft.) ( 11.5' x 5,280' )(per System Lane Mile)
(per System Lane Mile)
(per System Lane Mile)
(per System Lane Mile)
Boise City & Garden City $5.76 x 60,720 = $349,747 + $544,051 = $893,798 / 688.3 = $1,299Meridian $3.56 x 60,720 = $216,163 + $544,051 = $760,214 / 688.3 = $1,104Eagle $3.58 x 60,720 = $217,378 + $544,051 = $761,429 / 688.3 = $1,106Kuna & Star $1.38 x 60,720 = $83,794 + $544,051 = $627,845 / 688.3 = $912Rural Ada County $0.37 x 60,720 = $22,466 + $544,051 = $566,517 / 688.3 = $823County-Wide Residential $5.12 x 60,720 = $310,886 + $544,051 = $854,937 / 688.3 = $1,242
TRIP-MILE COST
RIGHT-OF-WAY COST PER LANE-MILE From Step 1
From Step 1
Step 3: Estimating Trip Adjustment Factors
Cons
umpt
ive
Impr
ovem
ents
SAME FOR BOTHSAME FOR BOTH
Ordinance No.: 198 198Service Area
#1 - Northwest 7.50 0.384#2 - Southwest 8.38 0.383#3- Northeast 6.34 0.357#4 - Southeast 6.12 0.402County-Wide 6.53 0.378
Land Use Category50% Auto Parts, Church, Public Park, Restaurant25% Bank, Convenience Market,Fast Food Restaurant, Supermarket, Car Wash, Quick Lube
NEIGHBORHOOD LAND USE TRIP LENGTH ADJUSTMENTS
Network Adjustment Factor
(VMT on ACHD System)
Average Trip Length (miles)
AVERAGE TRIP LENGTH NETWORK ADJUSTMENT FACTOR
Step 4: Estimating Tax CreditsCo
nsum
ptiv
e
Improvements NoneNone
$5,022,199 / 6,370,586 = $0.79 x 13.03 = $10.29
$875,999 $189,255 122,403 $1.55 x 13.03 $20
ACHD Average
Expense / DU
Sales Tax Credit Per
Dwelling Unit
Present Value Factor (20-
Year Projection)
SALES TAX CREDIT
Equivalent Current Value
Per Daily VMT
Present Value Factor (20-
Year Projection)
Ada County Highway VMT
(including State/Fed
2001
Annual Impact Fee
Expenditure
COMBINED GENERAL UNIT TAX CREDIT
Average Tax Receipt Per VMT
ACHD State Sales Tax Receipts: 1998-99
Typical Annual Expense on TIF-Eligible
System Improvements
Ada County Dwelling Units
ACHD Average Rate of Return (1999-2001): 4.48%
Step 5: Estimating TIF
Example: County-Wide
ITE (6th Edition) NetworkNew Trip Average Adjustment VMT
Sample Land Use Type Daily PM Peak Hr. x Factor x Trip Length x Factor x Cost =(rounded)
Per Dwelling Unit
Single Family Dwelling Unit 4.785 0.505 x 1.00 x 6.53 x 0.378 x $882 = $1,0993.3 1.2 $1,058
Per 1,000 Sq. Ft.
Bank w/ Drive-Thru 132.605 27.385 x 0.53 x 1.63 x 0.378 x $882 = $7,887
Trip Rate (1-Way) Traffic Impact Fee
Cons
umpt
ive
Impr
ovem
ents
From Step 3
From Step 3
From Step 2
From Step 2
From Step 4
ITE (6th Edition) Network UnitTrip Rate (1-Way) New Trip Average Adjustment Trip Mile Unit General
Example Land Use Type Daily PM Peak Hr. x Factor x Trip Length x Factor x Cost = Cost - Tax Credit - =
Per Dwelling Unit
Single Family Dwelling Unit 4.785 0.505 x 1.00 x 6.53 x 0.378 x $1,242 = $1,490 - $322 - $17 = $1,1513.3 1.2 $1,490
Per 1,000 Sq. Ft.
Bank w/ Drive-Thru 132.605 27.385 x 0.53 x 1.63 x 0.378 x $1,242 = $11,107 - $1,179 - $0 = $9,928
Traffic Impact Fee
Sales Tax Credit
Daily Trip Rate * New Trip Factor * Average Trip Length * Unit General Tax Credit Per VMT
Advantages & Disadvantages of the Two Methodologies
Comparing TIF Revenue Forecasts
Regional Growth Forecasts (simulation)
Cons
umpt
ive
Impr
ovem
ents
DEMOGRAPHIC FORECAST & LAND DEVELOPMENT ASSUMPTION
COMPASS DEMOGRAPHIC FORECAST ITE LAND USE ALLOCATION
2000 202525-Year
Delta20-Year
Delta Land UseITE
Code AllocationDwelling
Units EmployeesEmployees/
1000 GFALocal
Adjustment1,000 SF
GFA Acre0.84672
ResidentialDwelling Units 113408 183415 70007 56006 Single Family 210 70% 39,204
Apartment 220 30% 16,802
EmploymentRetail Employment 37708 66164 28456 22765 Specialty Retail 814 20% 4,553 1.82 0.84672 2,955
Hardware Store 816 25% 5,691 0.96 0.84672 7,001Quality Restaurant 831 10% 2,277 7.46 0.84672 360Fast Food Restaurant 834 10% 2,277 10.9 0.84672 247Shopping Center 820 25% 5,691 1 0.84672 6,721Bank, Drive-Thru 912 10% 2,277 3.82 0.84672 704
Office Employment 92616 145310 52694 42155 General Office 710 50% 21,078 3.29 0.84672 7,566Office Park 750 50% 21,078 3.59 0.84672 6,934
Industrial Employment 41546 75373 33827 27062 Light 110 45% 12,178 2.16 0.84672 6,659Industrial Park 130 25% 6,766 2 0.84672 3,995 361.2116Manufacturing 140 30% 8,119 1.82 0.84672 5,269
Government Employment 27151 43944 16793 13434 Government Office 730 100% 13,434 3.29 0.84672 4,822
EMPLOYMENT LAND DENSITY [ITE]
DEVELOPABLE LAND
MPO Forecast Conversion to ITE Categories Estimating Developable Land
SAME FOR BOTHSAME FOR BOTH
Revenue ProjectionConsumptive-Based Methodology
ITE 6th Edition
Land Use
PM Peak Hr Trips
(one-way) * New Trip *
Average Trip
Length * Network *Trip Mile
Cost = Unit Cost -
Unit General Tax
Credit -Sales Tax
Credit =Traffic
Impact Fee$10.29 $20
Single Family 0.505 * 1.00 * 6.53 * 0.378 * $1,242 = $60,694,360 - $12,623,688 - $784,080 = $47,286,592Apartment 0.310 * 1.00 * 6.53 * 0.378 * $1,242 = $15,967,953 - $3,746,846 - $336,040 = $11,885,067
Specialty Retail 1.295 * 0.66 * 6.53 * 0.378 * $1,242 = $7,742,795 - $2,665,410 - $0 = $5,077,385Hardware Store 2.210 * 0.72 * 6.53 * 0.378 * $1,242 = $34,151,629 - $8,688,241 - $0 = $25,463,388Quality Restaurant 3.745 * 0.56 * 3.27 * 0.378 * $1,242 = $1,159,054 - $304,920 - $0 = $854,134Fast Food Restaurant 16.740 * 0.50 * 1.6175 * 0.378 * $1,242 = $1,569,929 - $509,808 - $0 = $1,060,121Shopping Center 1.870 * 0.50 * 1.63 * 0.378 * $1,242 = $4,808,908 - $1,209,780 - $0 = $3,599,128Bank, Drive-Thru 27.385 * 0.53 * 1.63 * 0.378 * $1,242 = $7,819,199 - $830,016 - $0 = $6,989,183
General Office 0.745 * 1.00 * 6.53 * 0.378 * $1,242 = $17,280,217 - $2,799,420 - $0 = $14,480,797Office Park 0.750 * 1.00 * 6.53 * 0.378 * $1,242 = $15,943,060 - $2,662,656 - $0 = $13,280,404
Light 0.490 * 1.00 * 6.53 * 0.378 * $1,242 = $10,003,032 - $1,558,206 - $0 = $8,444,826Industrial Park 0.460 * 1.00 * 6.53 * 0.378 * $1,242 = $509,385 - $765,769 - $0 = -$256,384Manufacturing 0.370 * 1.00 * 6.53 * 0.378 * $1,242 = $5,976,632 - $674,432 - $0 = $5,302,200
Government Office 3.447 * 1.00 6.53 0.378 * $1,242 = $50,955,969 - $1,788,962 - $0 = $49,167,007
TRAFFIC IMPACT FEE CALCULATION
Adjustment Factors
$192,633,84920-Year TIF Revenues:
$59,171,659
$133,462,190
Revenue ProjectionImprovements-Based Methodology
ITE 6th Edition
Land Use
PM Peak Hr Trips
(one-way) * New Trip *
Average Trip
Length * Network * VMT Cost =Traffic Impact
Fee
Single Family 0.505 * 1.00 * 6.53 * 0.378 * $882 = $43,101,792Apartment 0.310 * 1.00 * 6.53 * 0.378 * $882 = $11,339,561
Specialty Retail 1.295 * 0.66 * 6.53 * 0.378 * $882 = $5,498,507Hardware Store 2.210 * 0.72 * 6.53 * 0.378 * $882 = $24,252,606Quality Restaurant 3.745 * 0.56 * 3.27 * 0.378 * $882 = $823,096Fast Food Restaurant 16.740 * 0.50 * 1.6175 * 0.378 * $882 = $1,114,877Shopping Center 1.870 * 0.50 * 1.63 * 0.378 * $882 = $3,415,022Bank, Drive-Thru 27.385 * 0.53 * 1.63 * 0.378 * $882 = $5,552,765
General Office 0.745 * 1.00 * 6.53 * 0.378 * $882 = $12,271,458Office Park 0.750 * 1.00 * 6.53 * 0.378 * $882 = $11,321,883
Light 0.490 * 1.00 * 6.53 * 0.378 * $882 = $7,103,603Industrial Park 0.460 * 1.00 * 6.53 * 0.378 * $882 = $361,737Manufacturing 0.370 * 1.00 * 6.53 * 0.378 * $882 = $4,244,275
Government Office 3.447 * 1.00 6.53 0.378 $882 = $36,186,123
20-Year TIF Revenues:
Adjustment Factors
TRAFFIC IMPACT FEE CALCULATION
$112,145,952
$54,441,353
$166,587,304
Slide Title
Consumptive-Based TIFORDINANCE #196 - Effective January 1, 2003
Impact Fee-Eligibility
COST - - - =$34,577,740 - $4,941,159 - $4,941,159 - $11,362,245 = $13,333,177
(a) / (b)
-
SQUARE FEET - = x =3,308,000.0 - 551,444 - 1,267,956 = 1,488,600 $8.96 x 60,720 = $544,051
Step 2 - Estimating Trip Mile Cost
Land Cost x Lane-Mile Sq. Ft. = ROW Cost +Construction
Cost = Total Cost /Service
Capacity =Trip Mile
Costs
Assessment District (per sq. ft.) ( 11.5' x 5,280' )(per System Lane Mile)
(per System Lane Mile)
(per System Lane Mile)
(per System Lane Mile)
Boise City & Garden City $5.76 x 60,720 = $349,747 + $544,051 = $893,798 / 688.3 = $1,299Meridian $3.56 x 60,720 = $216,163 + $544,051 = $760,214 / 688.3 = $1,104Eagle $3.58 x 60,720 = $217,378 + $544,051 = $761,429 / 688.3 = $1,106Kuna & Star $1.38 x 60,720 = $83,794 + $544,051 = $627,845 / 688.3 = $912Rural Ada County $0.37 x 60,720 = $22,466 + $544,051 = $566,517 / 688.3 = $823County-Wide Residential $5.12 x 60,720 = $310,886 + $544,051 = $854,937 / 688.3 = $1,242
Ordinance No.: 195 193 195 193Assessment District
Boise City & Garden City 5.75 5.99 0.559 0.678Meridian 7.13 8.06 0.551 0.56Eagle 7.7 8.87 0.463 0.479Kuna & Star 10.72 8.47 0.511 0.558Rural Ada County 7.67 14.34 0.583 0.523County-Wide Residential 6.46 8.83 0.553 0.488
Land Use Category50% Bank, Bar w/ Rest., Church, Credit Union, Medical - Urgent Care, Movie Theater, Restaurant25% Convenience Market, Pharmacy, Fast Food Restaurant, Supermarket, Car Wash, Quick Lube
$2,893,798 / 6,508,606 = $0.44 x 12.48 = $5.49
$787,589 $152,895 112,282.00 $1.36 x 12.48 $17
ITE (6th Edition) Network UnitTrip Rate (1-Way) New Trip Average Adjustment Trip Mile Unit General
Example Land Use Type Daily PM Peak Hr. x Factor x Trip Length x Factor x Cost = Cost - Tax Credit - =
Per Dwelling Unit
Single Family Dwelling Unit 4.785 0.505 x 1.00 x 6.46 x 0.553 x $1,242 = $2,236 - $170 - $17 = $2,0493.26 1.8 $2,236
Per 1,000 Sq. Ft.
Bank w/ Drive-Thru 132.605 27.385 x 0.27 x 2.88 x 0.559 x $1,299 = $15,458 - $566 - $0 = $14,892
Convenience Mkt (w/ fuel sales) 422.8 30.305 x 0.16 x 1.44 x 0.559 x $1,299 = $5,068 - $535 - $0 = $4,533
Light Industrial 3.485 0.49 x 1.00 x 5.75 x 0.559 x $1,299 = $2,045 - $110 - $0 = $1,935
Medical - Dental/Vision Clinic 12.428 1.016 x 1.00 x 5.75 x 0.559 x $1,299 = $4,241 - $392 - $0 = $3,849
Shopping Center (500,000 sq. ft. 14.98 1.44 x 0.50 x 5.75 x 0.559 x $1,299 = $3,005 - $236 - $0 = $2,769
[A] [B] [C] [D] [E]
AVERAGE CONSTRUCTION COST PER LANE-MILE
Sq. Ft. of Pavement
per System Lane-Mile
Impact Fee-Eligible
Construction Cost
(a)
(b)Square Feet of Bike Lane
Original 2-Lane Roadway
Impact Fee-Eligible Sq.
Ft. of Pavement
Impact Fee Eligible Cost
Per Sq. Ft.
Sidewalk Cost Bike Lane Cost
Original 2-Lane
RoadwayImpact Fee-
Eligible Cost
Total Square Feet of
Pavement
Total Construction
Cost
Step 1 - Estimating Impact Fee-Eligible Construction Cost
Traffic Impact Fee
Sales Tax Credit
ACHD Average
Expense / DU
Sales Tax Credit Per
Dwelling Unit
Present Value Factor (20-
Year Projection)
SALES TAX CREDIT
Equivalent Current Value
Per Daily VMT
TRIP-MILE COST
RIGHT-OF-WAY COST PER LANE-MILE
Present Value Factor (20-
Year Projection)
Step 3 - Estimating Trip Adjustment Factors
Average PM Peak Hour Trip Length (miles) Network Adjustment Factor
Ada County Highway VMT
(including State/Fed
1999
(VMT on ACHD System)
NETWORK ADJUSTMENT FACTOR
AVERAGE TRIP LENGTH
Annual Impact Fee
Expenditure
COMBINED GENERAL UNIT TAX CREDIT
NEIGHBORHOOD LAND USE TRIP LENGTH ADJUSTMENTS
Step 4 - Estimating Tax Credits
Average Tax Receipt Per VMT
Step 5 - Estimating Traffic Impact Fee
ACHD State Sales Tax Receipts: 1998-99
Typical Annual Expense on TIF-Eligible
System Improvements
Ada County Dwelling Units
Daily Trip Rate * New Trip Factor * Average Trip Length * Unit General Tax Credit Per VMT
ACHD Average Rate of Return (1997-1999): 4.98%
Step #1Step #1
Step #2Step #2
Step #3Step #3
Step #4Step #4
Step #5Step #5
Improvements-Based TIFStep #1Step #1
Step #2Step #2
Step #3Step #3
Step #4Step #4
- =
SOURCE: ACHD 2003 CIP Update: Arterial street and intersection improvements only.
VMT PEAK HOUR CONVERSION FACTOR / =
SOURCE: NCHRP Report #255, Transportation Research Board SOURCE: COMPASS Travel Model, 2000 (rounded)National average for arterial streets in urban areas with populations 100,000 - 250,000 * Daily, Net New Arterial System VMT multiplied by Peak Hour Conversion Factor
Ordinance No.: 198 198Service Area
#1 - Northwest 7.50 0.384#2 - Southwest 8.38 0.383#3- Northeast 6.34 0.357#4 - Southeast 6.12 0.402County-Wide 6.53 0.378
Land Use Category50% Auto Parts, Church, Public Park, Restaurant25% Bank, Convenience Market,Fast Food Restaurant, Supermarket, Car Wash, Quick Lube
Example: County-Wide
ITE (6th Edition) NetworkNew Trip Average Adjustment VMT
Sample Land Use Type Daily PM Peak Hr. x Factor x Trip Length x Factor x Cost =(rounded)
Per Dwelling Unit
Single Family Dwelling Unit 4.785 0.505 x 1.00 x 6.53 x 0.378 x $882 = $1,0993.3 1.2 $1,058
Per 1,000 Sq. Ft.
Bank w/ Drive-Thru 132.605 27.385 x 0.53 x 1.63 x 0.378 x $882 = $7,887
Convenience Market 368.995 26.865 x 0.39 x 1.63 x 0.378 x $882 = $5,694
Light Industrial 3.485 0.49 x 1.00 x 6.53 x 0.378 x $882 = $1,067
Medical - Dental Office 18.065 1.83 x 1.00 x 6.53 x 0.378 x $882 = $3,984
Shopping Center 21.46 1.87 x 0.66 x 6.53 x 0.378 x $882 = $2,687
ORDINANCE #198 - Effective September, 2003
=
Step 1 - Estimating Impact Fee-Eligible Improvement Costs
ACHD Capital Improvements Plan Update, 2003-2023: Total Project Costs Non TIF-Eligible Costs TIF-Eligible Costs
9%
$166,587,749
Step 2 - Estimating Cost Per Peak Hour, Vehicle Miles Traveled (VMT)
ACHD CIP TIF-Eligible Costs
Net New Ada County "System" VMT*
(Peak Hour)
VMT Cost (area wide example)
$354,404,663 - $187,816,914
$166,587,749 / 188,879 =
Trip Rate (1-Way)
NEIGHBORHOOD LAND USE TRIP LENGTH ADJUSTMENTS
Traffic Impact Fee
Step 4 - Estimating Traffic Impact Fee
$882
Network Adjustment Factor
(VMT on ACHD System)
Average Trip Length (miles)
Step 3 - Estimating Trip Adjustment Factors
AVERAGE TRIP LENGTH NETWORK ADJUSTMENT FACTOR
Consumptive-Based TIF
Shoulder or bike lane & curb/sidewalk
Shoulder or bike lane & curb/sidewalk
Interim 2003 CIP Projects:
TAX CREDITS
Funds Limited to TIF-Eligible Projects in CIP
Re-Construction of Existing Travel
Lanes; Construction or Re-Construction of Sidewalks and
Bike Lanes
Construction of New Travel Lanes and
Curb/Gutter; and Expanded ROW
Construction of New Travel Lanes and
Curb/Gutter; and Expanded ROW
PROPORTIONATE SHARE
Example of CIP Street Widening
Project
20-YEAR REVENUE PROJECTION
WHO PAYS ?
SOURCE
COST of NEEDED IMPROVEMENTS:
2003-2023
Existing Travel lane
Existing Travel lane
$210,940,200 $164,067,700All Revenue Projections in 2002 Dollars
System Improvements: $342.4 Million
TIF−Eligible CostsNon−TIF Eligible Costs
Gas Taxes (Highway User Fund)Vehicle Registration Fees
Property Taxes and Sales TaxesTraffic Impact Fees
All Ada County Residents New Development
$178,301,600 $164,067,700
Correct Existing Deficiencies
Correct Future Deficiencies to Meet Growth Needs
Non-TIF Revenue for Capital Projects Traffic Impact Fee
to...
and.. to...
Traffic SafetyBridgesDrainage
Level of Effort
Misc.Maintenance
Available for CIP and Non-CIP Projects
Total: $419.8 million
Total: $26.5 million
If revenues are allocated to CIP TIF-Eligible Projects this way ~ both General and Sales Tax Credits are required to adjust for the
likelihood of Double-Charging, if Non-TIF revenues are used to pay for TIF-eligible costs.
Pays for...Pays for...
Pay Pays
and
Improvements-Based TIF
Shoulder or bike lane & curb/sidewalk
Shoulder or bike lane & curb/sidewalk
Interim 2003 CIP Projects:
Construction of New Travel Lanes and
Curb/Gutter; and Expanded ROW
SOURCE
COST of NEEDED IMPROVEMENTS:
2003-2023
Existing Travel lane
Existing Travel lane
TAX CREDITS
Example of CIP Street Widening Project
PROPORTIONATE SHARE
Re-Construction of Existing Travel
Lanes; Construction or Re-Construction of Sidewalks and
Bike Lanes
Funds Limited to TIF-Eligible Projects in CIP
20-YEAR REVENUE PROJECTION
WHO PAYS ?
$210,940,200 $164,067,700All Revenue Projections in 2002 Dollars
System Improvements: $342.4 Million
Non−TIF Eligible Costs
Gas Taxes (Highway User Fund)Vehicle Registration Fees
Property Taxes and Sales TaxesTraffic Impact Fees
All Ada County Residents New Development
$178,301,600 $164,067,700
Correct Existing Deficiencies
Correct Future Deficiencies to Meet Growth Needs
Non-TIF Revenue for Capital Projects Traffic Impact Fee
to...
and.. to...
Traffic SafetyBridgesDrainageLevel of EffortMisc.Maintenance
Available for CIP and Non-CIP Projects
Total: $419.8 million
Total: $26.5 million
Pays for...Pays for...
Pay Pays
If revenues are allocated to CIP TIF-Eligible Projects this way ~ no General or Sales Tax Credits are required to adjust for the
possibility of Double-Charging, because no Non-TIF Revenues are used for Non-TIF Costs.
TIF−Eligible Costs