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Fort Worth Commercial Real Estate Summit 2007[18]

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Fort Worth Commercial Real Estate Summit 2007[18]
IMPACT FEES:

PROCESS, PROCEDURES AND

REQUIREMENTS



Dr. James P. Gaines

Research Economist

Real Estate Center at Texas A&M

University 1

The Public Finance Issue: The

Cost of Growth

Communities typically encourage, foster and desire

growth and development

New growth requires key public services

New growth creates additional demand for public

services that often exceeds current capacity

Existing residents typically want new residents to pay

for increased/additional service facilities

If expanded services and facilities aren’t available,

growth may not occur



2

Impact Fee Questions & Issues

What are Impact Fees?

Why are Impact Fees Charged?

How are Impact Fees imposed?

What can Impact Fees be imposed for?

How can Impact Fees be spent?

How are Impact Fees calculated?

How must Impact Fees be accounted for?

Who can charge Impact Fees?

What is the geographical coverage of Impact Fees?





3

Impact Fee Questions & Issues

What kinds of properties have to pay Impact Fees?

When are Impact Fees Assessed?

Who pays Impact Fees?

When are Impact Fees Paid?

Can the Impact Fee be increased after assessment?

What credits are available to offset Impact Fees?

Are Impact Fees refundable?









4

Texas Impact Fees

Impact Fees allowable under Chapter 395 of the

Local Government Code

Roadways

Water and waste water

Drainage, storm water and flood control

All other regulatory fees, assessments, exactions, or

costs are not included in this Chapter and should not

be called Impact Fees





5

TEXAS IMPACT FEE PYRAMID

IMPACT FEE CIP − CREDIT FOR FUTURE

MAXIMUM NEW SERVICE UNITS

IMPACT FEE

PER SERVICE

UNIT

Credit for ad valorem taxes

CREDIT and service fees used to pay

For Tax And Fee for infrastructure and generated

Revenues Generated by new development: calculated

By New Development or 50 percent of Impact Fee CIP



IMPACT FEE ELIGIBLE CAPITAL Include only projects

IMPROVEMENT PLAN eligible for Impact Fee

Itemized, Estimated Costs Of New Facilities funding

Or Expansion Projects “Necessitated By And

Attributable To” Projected New Development



Key assumptions and

LAND USE ASSUMPTIONS & DATA

data for growth

Defined Service Area Projected Land Uses, maximum 10 years projections and

Existing Land Uses Projected Future Capacity Needs capital facility needs

Existing Service Units Service Units equivalency by land use category

Existing Usage by SU type Projected Number of Service Units

Existing Capacity Projected Service Unit usage by land use category

6

INITIAL CAPITAL IMPROVEMENTS

PLAN (CIP)

Most cities develop Master Plans and Capital Improvement Plans

prior to establishing an Impact Fee.



LAND USE COSTS TO “UPGRADE, UPDATE,

DENSITY, IMPROVE, EXPAND, OR REPLACE

DEMOGRAPHIC, IMPROVEMENTS TO MEET EXISTING

NEEDS AND USAGE AND

ECONOMIC STRICTER SAFETY, EFFICIENCY,

DATA, LAND USE – ENVIRONMENTAL, OR REGULATORY

METHODOLOGY SERVICES – STANDARDS” OVERALL

AND TRANSPORTATION-

ASSUMPTIONS MASTER CIP

USED TO PLAN(S) REQUIRED NEW OR

MAKE EXPANDED FACILITIES

FUTURE “NECESSITATED BY AND PORTION ELIGIBLE

ATTRIBUTABLE TO FOR

GROWTH

NEW DEVELOPMENT”

PROJECTIONS IMPACT FEE

ASSESSMENT





Result of projections, master plans and overall CIP is to

determine the need for an Impact Fee, the type of Impact Fee

(road, water/sewer, drainage/flood control) and the areas where

new growth and development will take place. 7

PROCESS TO CREATE A LOCAL

IMPACT FEE ORDINANCE

Step 1: Establish a Local

Capital Improvement Plan CIP must be developed by qualified

(CIP) professionals using generally

accepted engineering and planning

§395.0411 practices, which will include

establishing service area

Step 2: Set date for public hearing boundaries and land use

to consider the LUA and CIP for assumptions (LUA)

the designated Service Area (SA)



§395.042









Step 3: Land Use, CIP and time

assumptions must be made

publicly available prior to

publication of the date of the first

public hearing



§395.043





8

PROCESS TO CREATE A LOCAL

IMPACT FEE ORDINANCE

Step 4: Publish and send notice of public Must send notice of hearing by

hearing on land use assumptions and CIP certified mail to anyone who has

at least 30 days prior to hearing requested (in writing) notice be

provided within the previous 2

§395.044 years



On or before date of hearing, appoint

Conduct public hearing 5-person Advisory Committee

§395.058



Step 5: Adopt or reject Land Use

Assumptions and CIP. No Emergency Political subdivision must approve

adoption permissible or disapprove the land use

assumptions and CIP within 30

§395.045 days after date of public hearing





Step 6: May Adopt Land Use Assumptions

for System wide water supply, treatment

May not adopt System wide

and distribution facilities or wastewater

assumptions for storm water,

collection and treatment facilities that

drainage, flood control or

covers the entire political subdivision

roadway facilities

§395.0455



9

PROCESS TO CREATE A LOCAL

IMPACT FEE ORDINANCE

Step 7: Set a date for public hearing

for adopting Impact Fee (IF)

Ordinance



§395.047



Step 8: Publish and send notice of Must send notice of hearing by

public hearing on IF at least 30 days certified mail to anyone who has

prior to hearing requested (in writing by certified mail)

notice be provided within the previous

§395.049 2 years





Step 9: Advisory Committee must file

An Impact Fee cannot be held invalid

written comments on proposed

because the public notice requirements

Impact Fee at least 5 business days

were not complied with if compliance

prior to public hearing

was substantial and in good faith

§395.050

§395.078







Conduct public hearing





10

PROCESS TO CREATE A LOCAL

IMPACT FEE ORDINANCE



Step 10: Adopt or reject Impact Fee. Political subdivision must

No Emergency adoption permissible approve or disapprove the Impact

Fee plan within 30 days after date

§395.051 of public hearing









Appeal of Impact Fee Ordinance

must commence within 90 days



§395.077









11

PROCESS TO UPDATE A LOCAL

IMPACT FEE ORDINANCE

Step 1: Every 5 years the political The political subdivision may

subdivision decides to update the determine no update is necessary and

LUA and CIP or not. The initial 5- provide public notice and notice by

year period begins on the day the certified mail to those who requested

CIP is adopted. it, that no update is necessary.



§395.052 §395.0575





Step 2: Within 60 days of receiving

the updated plans, set a date for a

public hearing to consider updated

land use assumptions and CIP for the

designated Service Area (SA) If, within 60 days of publishing notice

not to amend the land use

§395.053 assumptions, CIP or IF, anyone

makes written request to update the

plan, the political subdivision will do

so following steps 1-6

Step 3: Land Use, CIP and time

assumptions must be made §395.0575(d)

publicly available prior to

publication of the date of the first

public hearing



§395.054

12

PROCESS TO UPDATE A LOCAL

IMPACT FEE ORDINANCE

Step 4: Publish and send notice of

public hearing on land use Must send notice of hearing by

assumptions and CIP at least 30 certified mail to anyone who has

days prior to hearing requested (in writing) notice be

provided within the previous 2 years

§395.055





Step 5: Advisory Committee must

file written comments on proposed On or before date of hearing,

amendments to plans and IF at least appoint 5-person Advisory

5 business days prior to public Committee

hearing

§395.058

§395.056







Conduct public hearing





Step 6: Approve or disapprove the Political subdivision must approve or

amendments to the Land Use disapprove the amended land use

Assumptions and CIP. No assumptions and CIP within 30 days

Emergency adoption permissible after date of public hearing



§395.057

13

BASIC FUNDING FORMULA FOR

IMPACT FEE COMPUTATIONS

Seven-step process to compute the Maximum Impact Fee per

Service Unit



1 2 3 4 5 6 7

Credit for

New Pro- Max.

Ad

Define Develop- portion

Service

Evaluate

ment, Of CIP

Valorem Impact

Net CIP

Current Taxes Fee

Area Service Within the For

Facilities, And =

And Units and Service Impact

Capacity Utility Net CIP

Type Service Area Fee

and Service /

Of Unit Attrib- Assess-

Demand Revenues Projected

Impact Demand utable ment

From New

Fee By To new

New Service

Land use Develop-

Develop- Units

Category ment

ment



All of the information, analysis and data are part of the Impact Fee Study

14

BASIC FUNDING FORMULA FOR

IMPACT FEE COMPUTATIONS

1. Define the Service Area(s) by type of Impact Fee assessment: roadway

improvement, water/sewer, drainage.







ROAD

Service Area limited to 6 miles within

IMPACT

corporate limits (not extendable to ETJ)

FEE



WATER/ Service Area can be defined as a portion

WASTEWATER of or the entire system and can

IMPACT FEE include ETJ if service is provided to ETJ



Service Area can be defined as a portion

STORM WATER

of or the entire system, and can

DRAINAGE

include ETJ if service is provided to ETJ,

IMPACT FEE

but cannot cross watershed boundaries

15

BASIC FUNDING FORMULA FOR

IMPACT FEE COMPUTATIONS

2. Evaluate existing service conditions/capacity within the defined

Service Area: total capacity, current demand/usage, excess capacity,

and deficiencies in capacity.







EXISTING EXISTING EXCESS

FACILITIES/ DEMAND/ SUPPLY OR

CAPACITY USAGE DEFICIENCY







If a deficiency in existing capacity is identified, the cost to cure the deficiency

is deducted from the CIP for Impact Fee computation;



If an excess of capacity exists, there is no provision.







16

BASIC FUNDING FORMULA FOR

IMPACT FEE COMPUTATIONS

3. Estimate total new Service Units “necessitated by or attributable to”

new development within the Service Area and use, consumption,

discharge per Service Unit

RATIO OF SERVICE UNITS

BY LAND USE CATEGORY TOTAL

WITHIN THE SERVICE AREA NEW

FOR RESIDENTIAL, SERVICE

PROJECTED COMMERCIAL AND UNITS

DEVELOPMENT INDUSTRIAL USES

SERVICE BY LAND USE

AREA CATEGORY WITHIN

LUAs THE SERVICE AREA

FOR AT THE SPECIFIC LEVEL OR

LEAST 10 YEARS QUANTITY OF USE,

CONSUMPTION, GENERATION, DEMAND

OR DISCHARGE OF A SERVICE PER

UNIT FOR EACH NEW

CATEGORY OF CAPITAL SERVICE

The two data elements are IMPROVEMENTS OR FACILITY UNIT

specifically required in EXPANSION

395.014(a)(4)

17

BASIC FUNDING FORMULA FOR

IMPACT FEE COMPUTATIONS

5. Calculation of the “Impact Fee CIP”



COSTS TO “UPGRADE, UPDATE, IMPROVE,

EXPAND, OR REPLACE IMPROVEMENTS PORTION OF CIP NOT

TO MEET EXISTING NEEDS AND USAGE

AND STRICTER SAFETY, EFFICIENCY,

ELIGIBLE FOR IMPACT

ENVIRONMENTAL, OR REGULATORY FEE FUNDING

STANDARDS”

OVERALL

CIP

REQUIRED NEW OR PORTION ELIGIBLE FOR

EXPANDED FACILITIES IMPACT FEE

“NECESSITATED BY AND FUNDING:

ATTRIBUTABLE TO THE IMPACT FEE CIP

NEW DEVELOPMENT” FOR A

PERIOD NOT TO EXCEED 10 YEARS





Most jurisdictions try to make as much of the CIP eligible for Impact Fee

Funding as possible



18

BASIC FUNDING FORMULA FOR

IMPACT FEE COMPUTATIONS

6. Credit for taxes and service revenues generated by new development

within the defined Service Area.



A CREDIT TO THE IMPACT FEE CIP

IMPACT FEE CIP THE PORTION OF AD VALOREM TAX AND

from Step 5 UTILITY SERVICE REVENUES GENERATED

BY NEW DEVELOPMENT USED TO

PROPORTION PAY FOR IMPROVEMENTS, NET CIP FOR

OF CIP INCLUDING DEBT, INCLUDED IN THE

ATTRIBUTED

IMPACT FEE

CIP

TO NEW ASSESSMENT

DEVELOPMENT OR

WITHIN THE

SERVICE AREA 50 PERCENT OF THE

TOTAL PROJECTED COST OF

IMPLEMENTING THE CIP





The Credit to the IF CIP is critical in terms of the final fee assessment. Most

jurisdictions use the alternative 50 percent credit rather than trying to compute

future taxes and fee revenues.

19

BASIC FUNDING FORMULA FOR

IMPACT FEE COMPUTATIONS

7. Enact ordinance setting the Impact Fee assessment per Service

Unit







MAXIMUM ALLOWABLE

IMPACT FEE PER SERVICE UNIT =



NET CIP FOR IMPACT FEE

ASSESSMENT

TOTAL NEW SERVICE UNITS









20

IMPACT FEE

STUDIES:

ANALYSIS AND

ASSESSMENT

“The Devil is in the Details”







21

IMPACT FEE STUDY

CHECKLIST

By Law, the Maximum Assessable Impact Fee =

Eligible CIP Costs – Credit For Future Taxes And Revenues

Projected Total New Service Units



Impact Fee Study provides the requisite data, analyses, computations and

explanations to derive the values used to compute the maximum allowable

impact fee per service unit

Parts of the study are specifically required by Chapter 395

Parts of the study are based on industry standards and assumptions by the

engineering firm and/or the jurisdiction

Key to analyzing Impact Fee studies is to examine the

assumptions and data sources



22

IMPACT FEE STUDY

CHECKLIST

Defined Service Areas

Water and waste water impact fees Service Area may include

portion of or entire system, including ETJ if service is

provided to ETJ area

Roadway impact fees Service Area is limited to six miles

inside the corporate boundaries and may not include any

ETJ territory;

o Law does not define six miles, i.e., whether it means six miles square,

six mile radius, six square miles or six linear miles

Storm water, drainage or flood control can include entire

system, including ETJ if the ETJ is served by the system, but

cannot cross watershed boundaries

23

IMPACT FEE STUDY

CHECKLIST

Land Use Assumptions And Growth Projections

May be taken from other agencies or organizations, e.g. local

COG.

Residential and non-residential growth projections based on

??? (mostly population projections)

Non-residential uses divided into commercial and industrial

general categories become very specific, especially re: service

units created and use rates

Take into account undevelopable land areas, land dedicated

to public uses (roads, parks, schools, etc.), waterways, flood

plains, rivers and streams, not in the corporate limits or ETJ

Projected growth timing: uniform, peak years, down years,

etc.?



24

IMPACT FEE STUDY

CHECKLIST

Evaluation Of Existing Facilities, Services, Capacity And

Demand

Generally used to identify existing service capacity deficiencies

Cost to cure a deficiency in existing services is not an eligible

cost for Impact Fee funding

No provision for allowance if projected new demand < existing

excess capacity; Q: how is any of the CIP attributable to new

growth?

If existing capacity can absorb projected increased demand

attributable to new growth, can an Impact Fee be imposed?

If improvements go to “bettering” the service level for existing

use, cost is not eligible for Impact Fee funding





25

IMPACT FEE STUDY

CHECKLIST

Costs Eligible For Impact Fee Funding

construction contract price;

surveying and engineering fees;

land acquisition costs, including land purchases, court

awards and costs, attorney's fees, and expert witness

fees;

fees paid or contracted to consultant(s) preparing or

updating the capital improvements plan;

interest and other finance costs only if the impact fees

are used for the payment of principal and interest to

finance the projects listed in the CIP

pledge of an impact fee as security for the payment of

debt service if the improvement or expansion is

identified in a capital improvements plan

26

IMPACT FEE STUDY

CHECKLIST

Costs Not Eligible For Impact Fee Assessment

construction, acquisition, or expansion of public facilities or

assets not identified in the CIP;

repair, operation, or maintenance of existing or new capital

improvements or facility expansions;

upgrading, updating, expanding, or replacing existing capital

improvements to serve existing development in order to

meet stricter safety, efficiency, environmental, or regulatory

standards;

upgrading, updating, expanding, or replacing existing capital

improvements to provide better service to existing

development;

administrative and operating costs of the political

subdivision

27

IMPACT FEE STUDY

CHECKLIST

Proportion of CIP “Necessitated By And Attributable

To New Service Units”

Separation of individual project costs within the CIP

between upgrades, updates, service enhancement,

regulatory requirements or safety improvements to serve

existing demand vs. new/expanded facilities due to

growth and development?

Sometimes requires a project-by-project analysis of the

projects listed in the CIP

Some studies may include percentage allocations, but

with little or no explanation or support



28

IMPACT FEE STUDY

CHECKLIST

Total New Service Units

Based on projected total development by land use

categories

o Law specifically requires a table of service units created

per land use category

Ratio of Service Units by land use Category is

required in the study

o Road Fees: residential usually number of units and

Commercial usually per 1,000 square feet of space

o Water/Waste Water Fees: based on meter size installed

(residential typically 3/4”, commercial and industrial

meter sizes vary upwards to 10” or more)





29

IMPACT FEE STUDY

CHECKLIST

New Service Units Demand - Usage

A Service Unit Equivalency Table is required to depict the quantity of usage or

demand per service unit per land use category

o Road Fee Study usually called “Land Use/Vehicle-Mile Equivalency Table”

o Water and waste water Study: “Service Unit Equivalency Table” based on meter size

Use/demand is based on historical data or industry standard usage parameters

o Roadway demand rates uses vehicle-miles as the service unit: vehicle-miles = number of

trips x length of trip per land use category during peak hour (?) use, adjusted for pass-by

trips

o Water and waste water typically use MGD of water per day

What to Look For

Trip generation typically comes from Institute of Transportation Engineers Trip

Generation Manual and length of trip comes from other studies

Does estimated consumption/demand give credit for changes in technology?

If numbers are taken from range of possible values, should justify number selected

and site source.

Applicability of support data from other studies re: geography, age of structures,

sample size, density,





30

IMPACT FEE STUDY

CHECKLIST

Credit for Ad Valorem and Service Fees Created by New Development

a credit for the portion of ad valorem tax and utility service revenues (for water/sewer fees)

generated by new service units during the program period that is used for the payment of

improvements, including the payment of debt, included in the capital improvements plan

OR

a credit equal to 50 percent of the total projected cost of implementing the capital

improvements plan



Obviously in the jurisdiction’s interest to have as much of the costs paid for by

Impact Fees as possible

Because of difficulty projecting property taxes and service fees, most jurisdictions

use the 50 percent credit

The ability of future taxes and user fees to provide sufficient revenues to pay for

capital improvements could be arguable point, but costly to prove

Rebut argument that future taxes/revenues not used to pay for capital costs

Is it challengeable to argue that credit should be higher if city uses 50%? If based

on projection of future taxes/revenues want to argue credit should be 75%, for

example





31

Other Questions & Issues

1. One-size fits all Impact Fees despite variance in new

demand created?

2. Indexed residential fees by size, value, location?

3. Exemptions?

4. Compute phased/indexed fee amount based on

growth projections and timing?

5. Credit for existing excess capacity?

6. Is the state required 50% credit a floor or ceiling?

7. Refunds to future property owners?



32

Questions?







33

IMPACT FEES:

PROCESS, PROCEDURES AND

REQUIREMENTS



Dr. James P. Gaines

Research Economist

Real Estate Center at Texas A&M

University 34


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