Orange County's Economic Development Plan-Powerpoint Presentation by chenmeixiu

VIEWS: 9 PAGES: 40

									       Orange County




Economic Development Plan




Board of County Commissioners
         January 6, 2009
    Outline

• Economic Environment
• Existing Impact Fees
• Other Jurisdictions
• Mayor’s Economic Development Plan
• Impact on CIP
• Comparisons
• Next Steps
    Outline

• Economic Environment
• Existing Impact Fees
• Other Jurisdictions
• Mayor’s Economic Development Plan
• Impact on CIP
• Comparisons
• Next Steps
     Economic Environment

Residential Permitting Activity Data
     Economic Environment

Commercial Permitting Activity Data
     Economic Environment

Residential & Commercial Valuation
     Economic Environment

Preliminary Subdivision Plan Approvals
    Economic Environment

Development Review Committee Cases
    Economic Environment

Recorded Plats
    Economic Environment

Concurrency Application Reviews
     Outline

• Economic Environment
• Existing Impact Fees
• Other Jurisdictions
• Mayor’s Economic Development Plan
• Impact on CIP
• Comparisons
• Next Steps
        Existing Impact Fees

Effective Dates
    •   Law enforcement        November 1983
    •   Fire rescue            January 1985
    •   Road                   January 1986
    •   School*                January 1993
    •   Parks & recreation*    March 2006


*   School and parks impact fees
    are not charged for
    non-residential development
      Existing Impact Fees

Residential

Single Family Home – $17,255
  •   Road impact fee – $3,713
  •   School, Parks, Law & Fire – $13,542

Multi-family Unit – $10,436
  •   Road impact fee – $2,603
  •   School, Parks, Law & Fire– $7,833

Mobile Home – $9,531
  •   Road impact fee – $1,937
  •   School, Parks, Law & Fire – $7,594
      Existing Impact Fees

Non-Residential

Bank (5,000 sq ft) – $127,884
  •   Road impact fee – $126,500
  •   Law & fire impact fee – $1,384

Medical Office (5,000 sq ft) – $79,689
  •   Road impact fee – $78,305
  •   Law & fire impact fee – $1,384

Restaurant, Fast food (5,000 sq ft) – $144,364
  •   Road impact fee – $141,550
  •   Law & fire impact fee – $2,814
      Existing Impact Fees

Fee Updates
  •   Annual adjustment to impact fees
      per ordinance (indexing)
      •   Road    3.0%   July
      •   Law     2.5%   March
      •   Fire    3.5%   March
      •   Parks   7.4%   March
      •   School 5.0%    January

  •   Mandatory impact fee updates
     Outline

• Economic Environment
• Existing Impact Fees
• Other Jurisdictions
• Mayor’s Economic Development Plan
• Impact on CIP
• Comparisons
• Next Steps
      Other Jurisdictions

Actions Taken

  •   Reduced fees temporarily
      (Charlotte and Marion Counties)

  •   Suspended fee collections
      (Desoto, Hendry, and Wakulla Counties)

  •   Not increasing fees despite fee studies
      (Flagler, Lake,
      Palm Beach, Volusia,
      and Sarasota Counties;
      City of Kissimmee)
      Other Jurisdictions

Under Review

  •   Reducing fees temporarily
      (Citrus and Collier Counties)

  •   Suspending fee collections
      (Brevard and Sarasota Counties)

  •   Considering reductions targeted to key
      industries, CRA (City of Winter Garden)

  •   Discussing Task Force recommendations
      for fee changes (Lake County)
     Outline

• Economic Environment
• Existing Impact Fees
• Other Jurisdictions
• Mayor’s Economic Development Plan
• Impact on CIP
• Comparisons
• Next Steps
      Mayor’s Economic Development Plan

•   Challenging economic conditions require
    measures to allow continued development
    activity and support local businesses

•   Reducing current impact fees and delaying
    scheduled fee updates has the potential to
    grow the tax base and create jobs

•   Directing growth into urban
    areas remains a growth
    management priority
  Mayor’s Economic Development Plan

1. Extend building permits to 12 months
2. Reduce road impact fees 25% until 2011
   for approved growth areas
3. Defer impact fee payment until
   certificate of occupancy
4. Suspend all automatic
   impact fee increases
5. Delay scheduled updates
   on impact fees
6. Extend concurrency encumbrances and
   reservations
      Mayor’s Economic Development Plan

1. Extend building permits to 12 months

  •   Currently permits last for 6 months
  •   There is $800 million in projects pending
  •   Extension will encourage project
      completion
      Mayor’s Economic Development Plan

2. Reduce road impact fees 25% until 2011

  •   Reduction offers average savings of $4-7 per sq ft
  •   Stimulates commercial development
  •   Applicable to all types of development within
      approved growth areas
Mayor’s Economic Development Plan



          Impact Fee Reduction
            Target Area
       Mayor’s Economic Development Plan

3. Defer impact fee payment until certificate of
   occupancy (C.O.)

   •   Fees currently paid at building permit
   •   Commercial projects over $1M already deferred
   •   Average payment delayed up to 1 year
   •   Deferral allows customer
       to maintain financing
      Mayor’s Economic Development Plan

4. Suspend all automatic impact fee increases

  •   Indexing increases fees annually to account for
      inflation on costs for road construction
  •   Average customer savings of 3% annually
      •   Example: 50,000 sq ft
          supermarket project
          could save up to $20,000
      Mayor’s Economic Development Plan

5. Delay scheduled updates on fees

  •   Current study underway to adjust
      transportation fees
  •   Implementation of study results
      temporarily delayed
      Mayor’s Economic Development Plan

6. Extend concurrency encumbrances
   and reservations

  •   Extend concurrency encumbrances to
      1 year instead of 180 days
  •   Extend capacity reservations to 5 years
      instead of 3 years
  •   Allows existing approved projects
      additional time to
      begin construction
    Mayor’s Economic Development Plan

Plan Sunset
  • Provisions end March 2011
  • Optional extension by BCC
     Outline

• Economic Environment
• Existing Impact Fees
• Other Jurisdictions
• Mayor’s Economic Development Plan
• Impact on CIP
• Comparisons
• Next Steps
     Impact on CIP

• Purpose is to promote development
  activity while maintaining revenues

• If revenues do not materialize, Capital
  Improvements Program may be affected

• Federal economic
  stimulus plan may
  provide additional
  revenues for CIP
      Impact on CIP

• Future projects potentially impacted
  •   Boggy Creek Road             R/W Acquisition
  •   Taft Vineland Road           R/W Acquisition
  •   Holden Avenue                R/W Acquisition
  •   East West Road               Construction
  •   Clarcona Ocoee Road (West)   Construction
  •   Boggy Creek Road             Construction
  •   Holden Avenue                Construction
  •   Econ Trail                   R/W Acquisition
  •   Lake Underhill Road          Construction
  •   Alafaya Trail                Construction
  •   Innovation Way               Construction
     Outline

• Economic Environment
• Existing Impact Fees
• Other Jurisdictions
• Mayor’s Economic Development Plan
• Impact on CIP
• Comparisons
• Next Steps
           Comparisons

 Single-Family Residence (per unit)
                                                      Parks &
 Jurisdiction    Road      Law      Fire    School
                                                       Other
                Impact    Impact   Impact   Impact               Total
 (per unit)                                           Impact
                  Fee      Fee      Fee      Fee
                                                       Fees
Orange:
  Current        $3,713     $203     $216   $11,829    $1,295   $17,256
  Proposed        2,785      203      216    11,829     1,295    16,328

Seminole           705         0      172     5,000        54     5,931

Downtown
                  2,715        0        0    11,829         0    14,544
Orlando

Brevard           4,353      110       54     4,445       224     9,186

Lake              2,583        0      390     9,324       413    12,710

Osceola           1,394        0      159    10,207       924    12,684
     Comparisons

Typical Bank with Drive-through (per sq ft)
     Jurisdiction    Road      Law       Fire
                    Impact    Impact    Impact   Total
     (per sq ft)      Fee      Fee       Fee
    Orange:
      Current        $25.30     $0.08    $0.20    $25.58
      Proposed        18.98      0.08     0.20     19.26

    Seminole           9.68      0.00     0.07      9.75

    Downtown
                      22.57      0.00     0.00     22.57
    Orlando

    Brevard           23.33      0.08     0.06     23.51


    Lake              12.21      0.00     1.30     13.51


    Osceola           46.85      0.00     0.09     46.94
     Comparisons

Typical Medical Office (per sq ft)
     Jurisdiction    Road      Law       Fire
                    Impact    Impact    Impact   Total
     (per sq ft)      Fee      Fee       Fee
    Orange:
      Current        $15.66     $0.08    $0.20    $15.94
      Proposed        11.75      0.08     0.20     12.03

    Seminole           4.27      0.00     0.07      4.34

    Downtown
                       7.80      0.00     0.00      7.80
    Orlando

    Brevard           13.02      0.06     0.04     13.16


    Lake               6.17      0.00     1.30      7.47


    Osceola           23.00      0.00     0.09     23.09
     Comparisons

Typical Fast Food Restaurant (per sq ft)
     Jurisdiction    Road      Law       Fire
                    Impact    Impact    Impact   Total
     (per sq ft)      Fee      Fee       Fee
    Orange:
      Current        $28.31     $0.32    $0.24    $28.87
      Proposed        21.23      0.32     0.24     21.79

    Seminole          15.85      0.00     0.32     16.17

    Downtown
                      31.46      0.00     0.00     31.46
    Orlando

    Brevard           35.79      0.43     0.32     36.77


    Lake              17.71      0.00     1.30     19.01


    Osceola          126.85      0.00     1.39    128.24
     Outline

• Economic Environment
• Existing Impact Fees
• Other Jurisdictions
• Mayor’s Economic Development Plan
• Impact on CIP
• Comparisons
• Next Steps
     Next Steps

• Update ordinance to reflect changes
  (February 2009)

• Hold public hearing
  (March/April 2009)

• Plan effective dates
  (March/April 2009 – March/April 2011)
       Orange County




Economic Development Plan




Board of County Commissioners
         January 6, 2009

								
To top