Docstoc

TRANSPORTATION SUMMIT 2006

Document Sample
TRANSPORTATION SUMMIT 2006 Powered By Docstoc
					Transportation Summit
November 20, 2006

Agenda
10 a.m. – 10:10 a.m. 10:10 a.m. – 11a.m. 11 a.m. – 12:30 a.m. 12:30 a.m. – 1:15 p.m. Opening Comments The State of the County Transportation System Funding Options for Additional Road Revenue Lunch

1:15 p.m. – 2 p.m.

Potential Changes for Meeting Transportation Needs
The Next Steps

2 p.m. – 2:30 p.m.

2:30 p.m. – 3 p.m

Citizen Comment Period

If Additional Federal Funds Aren’t Budgeted to Maintenance
In Millions
$1400 State Construction $ insufficient to provide required match for federal funds starting in 2013

$1200 $1000 $800
$600 $400

$200 $0 -$200
-$400

2006

2010

2015

2020

2025

Federal Funds Required for Maintenance To Match State Construction Funds Used for Maintenance (Crossover) State Funds Available for Construction
Source: VDOT

Typical Road Construction Costs
(in millions/mile)



Reconstruct 2-lane road Widen from 2 to 4 lanes Widen from 4 to 6 lanes

1992 $2 $4 $8



2006 $8 $10 $13

Chesterfield County Secondary Road Allocations
($ MILLIONS)

10 9 8 7 6 5 4 3 2 1 0
1983 1986 1989 1992 1995 1998 2001 2004 2007 2010

Actual Allocation

Projected Allocation (11/05)

Projected Allocation (6/06)

Source: VDOT Secondary Six-Year Plans

Chesterfield County Interstate and Primary Allocations
($ millions)
300

250

200

150

Richmond District Chesterfield

100

50

0
FY96 FY99 FY02 FY05 FY08 FY11

Source: VDOT Six-Year Improvement Program

2004 SMOOTHED ROAD NEEDS FUNDED IN 6 YR PLANS, CASH PROFFERS AND BONDS

2004 Road Needs
60
150

Needs addressed using Desirable Stds
– Total cost: $1 billion – $50 million / year for 20 years
76

Needs addressed using Minimum Stds
– Total cost: $600 million – $30 million / year for 20 years
95

3 60

28 8

10

FUNDED PROJECTS
EXCEEDS CAPACITY
AT CAPACITY

NO SHOULDERS 4,000 VPD or MORE
NOTE: DOES NOT INCLUDE INTERSTATES AND "NO IMPROVEMENT" ROADS
v:smithbk/transportation summit/04 SM Needs Funded 9-7-06

ZONED 04 ROAD NEEDS

Future Needs
150

Anticipated needs addressed using Desirable Stds
60

– Total cost: $2.2 B – $94 M / year for 20 years
360

76

28 8

Anticipated needs addressed using Minimum Stds
– Total cost: $1.8 B – $75 M / year for 20 years
NOTE: DOES NOT INCLUDE INTERSTATES AND "NO IMPROVEMENT" ROADS
v:sm i thb k /tra n s po r ta tio n su m m it/z on e d 0 4 ro a d n e e d s 9/2 0 /0 6

10

95

Chesterfield’s Efforts to Address Transportation Needs

Route 360 – Developer Improvements

40% of widening provided by developer improvements 96% of fee R/W necessary for project dedicated to the county by developers
3 storm water management basins built by developers utilized by widening project

Route 10 (I-95 to I-295) Widening

•Third WB lane provided by development
•Third EB lane constructed on accelerated schedule due to county loan to VDOT

• 6/8 lane widening from I-95 through Ware Bottom Springs provided by the county via $15 M in bond funds

Robious Road
(Cash Proffer)

Robious Road
(Cash Proffer)

Bailey Bridge Road
(HES / Open Container)

Bailey Bridge Road
(HES / Open Container)

Matoaca / Woodpecker
(Cash Proffer / Secondary)

Matoaca / Woodpecker
(Cash Proffer / Secondary)

Chesterfield’s History of Supporting Transportation
• Revenue sharing participation

• Required developer improvements with zoning
• $52 M Powhite Pkwy and Route 288 Bonds

• Loans to VDOT (Route 10 and Route 360) • Road cash proffers (promised $138 M and collected $15 M)
• $40 M Transportation Bond

Existing Funding Options for Additional Road Revenue

Existing Funding Option #1


Dedicated BPOL Revenue
– Local decision – $80M to $90M of new debt over 10 years
Cumulative New Debt ($M)

$100 $80 $60 $40 $20 $0
Year 1 Year 3 Year 5 Year 7 Year 9

BPOL Tax Comparison
Business and Personal Services

Tax Bill at Varying Levels of Gross Receipts Theshold/ Rate Exemption Flat Fee Chesterfield Henrico Richmond Fairfax $0.20 $0.20 $0.36 $0.19 $200,000 $100,000 $100,000 $100,000 $100,000 $10 $30 $30 $30+ $0 $100,000 $150,000 $200,000 $250,000 $300,000 $10 $30 $30 $50 $0 $10 $100 $540 $285 $315 $10 $200 $720 $380 $420 $100 $300 $900 $475 $525 $200 $400 $1,080 $570 $630 $400,000 $500,000 $400 $600 $1,440 $760 $840 $600 $800 $1,800 $950 $1,050

Prince William $0.21

77% of Chesterfield businesses paid $0 or $10 in 2005 90% paid $1,000 or less

Existing Funding Option #2


Dedicated Real Estate Revenue
– $2.9M per $0.01 annually – Phase in growth in funding over time
» Budgetary Goal: $0.05 annually within 5 years » $0.05 when implemented would generate $15 M/year or $150 M in debt » Full implementation contingent upon economy

Existing Funding Option #2
 

Dedicated Real Estate Revenue $140M to $160M of new debt over 10 years
Cumulative New Debt ($M)
$160 $140 $120 $100 $80 $60 $40 $20 $0 Year Year Year Year Year Year Year Year Year Year 1 2 3 4 5 6 7 8 9 10

Debt Service
County Debt Service as a % of Expenditures

10% 8.9% 8.8% 8.9% 8.9%

8.5% 8.1% 8.0% 7.7%

FY2009
Ceiling (10%)

FY2010

FY2011

FY2012

Current + New Road Debt

Current Debt Projections

Powhite Parkway/Charter Colony Parkway Interchange Service District

• 50% of the incremental increase in real estate taxes resulting from increased assessments • $0.15 supplemental real estate tax

Existing Funding Option #3
Transportation Service Districts Major “Non / Special Proffer” Developments

~12,000 Lots

Woolridge Road Transportation District Area
4301 17500 4307 17040 17306 4313 17312 16906 4300 4209 17318 4324 17300 4312 17325 17060 4306 17301 17319 17307 17080 17501 4355 17313 17206 4312 4400 4306 4301 16901 4318 15501 4404 15621 4301 4403 4409 4241 15100 14801 4301 4311 4402 4415 4304 4305 15401 14513 14501 14507 4400 4420 4309 4421 4406 4301 14108 3200 3306 3310 3313 3202 3204 3206 3208 3312 3319 3210 3212 3214 14103 3304 3325 3318 3216 3324 3218 3228 3220 3226 3222 3312 14601 3314 3224 3213 3316 3318 3320 3322 3414 3509 3501 3502 3605 3511 3602 3609 3508 3416 3418 3500 3510 3505 3502 3512 3600 3608 3612 3613 3514 3605 3500 3513 3601 3603 3606 3611 3708 0 13604 3604 3607 3608 3706 3609 3611 3704 3705 28 21 3611 13602 3606 3607 3702 30 29 3907 3513 3308 3310 3326 14107 3306 14105 3328 3410 3405 3505 3508 3324 3412 3411 3503 3507 3512 3511 3600 3604 3603 3700 3601 3703 3702 3704 31 3613 3609 3717 3510 3601 3605 3705 3712 3715 3612 3700 3607 3509 3403 14108 14101 3302 3336 3406 3334 3332 3330 3408 3505 14005 3504 13907 3507 14003 13900 13905 13903 3600 3603 3703 3610 3701 3700 3708 3710 3711 3713 3610 3605 3608 3609 3600 3602 3701 3704 3709 13909 3601 3401 3606 3607 3601 3604 3700 3702 3707 3604 3716 3608 3606 3603 3901 3705 14006 3503 14109 14106 14104 14100 3300 3404 3506 13911 13908 3509 3604 3605 3603 3609 3703 13707 13705 13703 3600 3601 14107 14102 14105 4300 3307 14106 14103 14104 14101 14519 3301 14729 14537 3219 14512 14525 3225 14500 3217 3215 3213 14100 14102 3211 3219 3209 3100 15431 4211 14518 3221 3207 4240 16900 4221 16601 16231 4210 4220 4231 4201 15631 15800 4207 4221 4127 4201 4119

GE NITO
15000

RD
3160

3125 14730 3155 3149 3143 3137 3131 14802

14716 14726 14722 14720

14714

14710

14608 3100 14542 3200 14536 3101 3201

14320 14322 14324 14326 14328 14530 3207 14548 14524 14543 3212 3213 3206 14330 14332 14301

14338 14336

14300 14218 14216 14302

14214 14212 14210 14208 14200

3212 3211 3214 3215 3213

3224

3223 3229

3203 3201 3200

3202 13919

13917

13901 13817 13815 13813 3321 3323 3403 3405 3407 3401 3409 3411 13921 13811

13812

3215

3310 13806 13805 13803 3403 3303 3401 3305

3304 3302 3302 3300 3303 3302

3304 13612 13614

13610 13609 13605 13607

13603 3309 3501 13602

3226 3228

13808

14334 3227 3225 3229 3231

3201 14211 3203 14209 14207 14205 14203 14201

3300

3304

3231 3303 3301 3230 14016 14014 3232 3233 14020

3305

3319

13809

13806 13804 13802 13800 3407

3200

3405 13702 13700 3226 3201 3224 3409 3400 13706 3308 13701 3222 13705 13703 3309 13614 13613 3220 3205 3502 3201 3207 3215 3209 3218 3504 13620 3206 3216 13619 13618 13617 3219 13616 13612 3310 3307 3305 3306 13610 13608

13606

13604

13600

NO

13807

13804

3500 13704

3205 3223

3317 3307 3315 3400 3406 3408 3413 13805 13802 13806

13601 13605 13607

3503 3502

AL ER D
4411

14017

4410

17060

LA
17207 4406 4500 4506 4620 4512 4507 4518 4513 4524 4519

4307 4401 4313 4401 4400 4406 4300

ER D

K E S UMME R D R
4416 4313 4401 4413 4412 4307 4301 4428 4407 4406 4407 4434 16812 16806 4500 16800 16949 16943 16942 4506 4500 16937 4600 16936 16807 16931 4606 16930 4607 16801 4601 16925 4612 16924 4613 4606 4612 4624 16918 4619 4630 16912

4417

TH
14015 14013

14012 3234 14008 14010 14001 14006

3300

3415 3309 3313 3312 3414 3417 3311 3308 3304 3418 3419 3309 3422 3421 3305 3307 3303 3500 3400 3402 14004 14002 14000 3502 3501 3425 3504 13912 13910 3507 3602 3603 3605 3607 3602 3600 3423 3502 3505 3600 3506 3208 3210 3212 3214 3500 3501 3503 3203 13803 13801 13800 13805 13803 13801 3501

13609 3505 3504 3507 3502 13615 3500 3506 3509 3501

R

3310

14011

4423

4426

B E A CH
14003 14009 14005 14007

3312

RD
3311

3502

3503

3508 13601

3504 13706 3709 3601 3603 3605 3701 13709 13607 13710 13708 3506 13704 13700 13605 13603 13606

W OO

4401 4427 4401

15639 15421

4429

4432

3604

4501

4435 4438

4439

15201

4525 4530

16919 4531 4536 16913 4542 4537 4636 16907 4642 4654

DE

4618

4625

4700

4631

4706

4637 4361 4700 4643

16814 17040 16815

4649

4812

J

16808

AY
4800 4806 16847 4813 4819 4612 4707

R D JA Y
4506 4512 4600 16813 16807 16874 16868 16862 16869 16863 16857 16834 16828 16822

4413 4310 4430 4501 16812 16806 4431 16800 4507 16813 4513 16807 4441 4410 4402 15411 15303 4311

4501

DG E L RI

16812

E OT T

16806

16800

16801

4403 4519

16801

4606

4320 4601 4510 4607 4501 4500

4322

16856

4712

16875

16844

T

DE
16850 16838 16845 16839 16833 16810 4612 4618

4612

16846 16840 16851

E CT
4613 16814 16832 16820 16826 16827 16821 16815 16809 4606 16712 4600

16808

4511 16802

W E ED S
4410 4418 4400 4501 4401 4313 4511 4307 4515 4500 4506 4501

4411 4321

4510

4427

4818

16809 16841 16802 16803 4830 16823 4606 4831 16817 4600 16804 16811 4700 4701 4718 4712 4624 4613 4630 4607 4607 16611 16601 4521 4512 4607 4520 4824 16835 16829 16803 4521

MU
4419 4412 4420 4301 4225 16406 16412

4319 4404 4318

3507 3504 3602 13904

13901 3610 3615 3612 3617 3614

16816

IR
4421 4219 16401

3509 13912 3506 3508 13914 13916 3510 13910 13908 13905 3702 3700 13903

15451 4218

B RA
3800 3802 3801 3804 3803

3800 20 9 12 11 3804 10 3600 3802 13605

RD

13 15 17

19

3806

13907 13918 3704 3701 13909 13920 13917 13913 13911 3706 3703

3704

3702 3700

4324

4212

3706 3701

4706

4601

4206 13902 3708 4600 4414 4323 15023 15024 4601 13922 13921 13904 3707 3705 3705 3703

4422

E
13804

13906 3806 13901 13905 3800 3807 13808

R M I LL P
3701 13802 13800 3806 13801 3808 3810

KW
4022 3800 3700 3804 3803

Y
3704 4020 4018 4016 3703 4014 4021 3801

ND

3808

RD

13704

13706

13705

MCT

13806

3802 3801

3808 3810 3900

13810

13812

3804 3805 3806 3902

3901 3903

4012 4015

3904 3905 3906 3907 3900

13809 4010 4013 3901 4008 13803 3812 4011 3903 3814 3809 3905 3813 3816 3815 3818 13600 13601 3909 13602 3823 3822 13603 13606 3824 13605 3908 3910 3919 3920 4121 3826 3828 13607 3917 3903 3905 3907 3830 4118 3900 3902 3904 3906 3908 3910 3912 3914 4115 3916 13507 4117 4116 3911 3918 4119 4120 3906 3921 3911 4000 4000 3904 4002 4001 4001 3902 4005 3907 4004 4003 4006 3807 3900 3802 4009

13811

3808 3908 3911 3913 3915 3910 3917 3912 3914 3916 3920 13905 3918 13907 13910 13909 13912 3902

13805

3903

YR
3905 3909 4002 4000 4001 4003 4005

13901 13903

3907

VE ES C O

4004

4006 13914 4008 13916

13918

4010 4012 4014

13915 18100 16840 4016 4018 4020

4007

4009

4110

4008

4113 13622

4013

13620 13618

4012

13700

13616 13614 13612 13610 13608

13606

13604

13621

13702

13701

13619

ER

ID RY R
4020 4111 13600 13602 4109 13601 13603 13818 13816 4100 13701

GE
4110 4106 4107 4104 13500 13501 13503 13505

4114

RD W
13708 13707 13709 13711 13715 13714 13716

13617 13611 13615 13613 13609

13607

13819 13504

13704

13706

13708

I N T ER B
13706 13704 13809 13811 13702 13807 13700 13805 13701 13810 13808 13803 13806 13801 13717 13804 4200 4201 13802 4202 13718 13800 4203 4201 13714

13813

13815

13812 13700

4201

13710

13703

4445 4447

4203 13706 13705

13712

4449 13707

4204 13709 4200 4451

5310

4030 13600 4202

4202 13711 4204

4203 13716 4202 4204 4205 13602 13715 4206 4207 5412 5400 13718 13717 13604 13606 4200 13713 13600

4453 4206

4455 4211

13603 13720 13719 13610 13608 13605 13607 13722 13721 13614 13611 13724 13723 13616 13614 13618 13616 13607 13612 13605 13610 13608 13603 13612 13609 4210 4212 13601

5424

5418 13618 4302 13624 13626 13622 13620 4304 4300 4301

4306 4308 4310 4307 4309

4303 4305

4301

13628 13701 13630 18000 13632

13510

13504 13532 13611

4311 4313 4317 4315 13510 13514 13512 13516 13518

13634

13640 13636 13638

13808 13520 13534

13522 1352413526 13528 13530 4430 13536 5500

5700 13913

4444

4446 4452 4458

4464 4620 4600 4630 4602 4614 4616 4526

4500

4510

4612 17416 5800

4604

4530

4626

4610 4608 5701

5810

13421 13419 13417 13401 5900 13415 13413

4606 5807

17410

5815

6000

17406

6001 5821

6012

17400 6011 5605 5603

5607 5609 5611

17910 17800

DUVA L RD
17421 17411 17311 17501

5613 17310 5600 6020 5602 5604 13410 6019 5606 5617 5615 13404 13400 5601

17801 5619 5608 5610 17811 17701 5612 5614 5621 6231 5700 5706 6201 6025 5713 5718 5703 5701 17401 5700 17301 5702 17711 5708 5711 5702 17601 5703 5701 18001 6100 5705 5824 5707 5716 5717 5804 5718 13821 6401 5708 13806 5711 5809 5812 5812 5900 6120 5713 5811 5902 5901 13805 5815 5813 13705 5903 13803 5901 13704 6200 13801 5906 5905 13706 13702 5820 5827 5829 13504 5900 5901 13550 5823 5904 5818 13703 5819 5825 6030 5825 13701 5816 5817 5821 5823 5814 13650 13700 5814 5815 5801 5821 5901 0 13706 13702 5803 5819 5810 13704 5810 5817 5861 5709 5808 5808 5805 6200 5719 5806 5800 5707 5802 5706 5705 5804 5806 5807 5809 5811 5813 5815 5851 5802 5800 5800 5715 5714 5710 5713 5704 5715 5703 5709 5700 5701 5713 5801 5801 5705 5707 5730 5616 5720 5710 5724 5725 5629 5631 5627 5712 5707 5625 5701

5623

5805

5903 5909 5908 5905 5910

6001 6003

13800

6005 5907 13800 13802 13700 6004 6000

H ARBOU R P
5822 13700 5824 13705 13703 13701 5826 5828 5830 13670 13604 13624 13600 1353213528 13640 13616 13656 13652 13644 1363213628 13620 13612 13524 13520 13608 13648 13636 6450 13605 13601 13621 1361713613 13641 13629 13625 13609 13653 13649 1364513633 13637 1366113657

5904 5903

5906

13804 5909 13806 13702 13803 5911 13705 6520 13807 13805 5913 13709 5900 5915 6024 13706 13707 13704 13651 13701 6002

O IN TE
5905 5907 13520 13550

PK W Y
13500 13510 13505

5921

5916 6022 6600

13708

13711

13710 6000 6020

13601

6019 6002 6013 6018 13600

6016 6004 6014

6012 6006 6010 6402 6008 6500

L HU
13702 6510 6512

LS
13700 13736

E TR
13612 13732

R ET
13640

13516 13512 13508 13504

D
6531 6541

13501

13511

6107

6113

6119 6101 6200

13531 6301 6300 6304 6308

13551 6312 6316 6325

13644 13601 6406 6324 6412 13603

6400

13541

6400 6407

13607

6418 6419

13830 13900

6500 13615 13619

13613

7330 7324 7336 7318 7312 13602 13600 7331 13601 7325 7306

6500

6501 6506

6507 7300 6513

13800

13625

6711 13604 13606

13804 13810

6701 7512

7506 13608

13820 7524 13800 7530

7518

13702 13721 13704 13700

6801

7501 7413

6803 13705 13815 6802 13703 13801 13701 7601 6804 6800 6805 6807 6809

7407

R A CK DR LL FU
7313 13603 7307 7254 7301 7248 13605 7242 7219 7260 7236 7213 13607 7300 7230 7224 13609 7306 7218 7212 7312 6801 7235 7400 6800 6805 7229 7223 7217 6806 7401 7330 6811 7211 6812 7331 6800

7319

7206

7207 6600

7206 7200

6800

S IK A L
6817 6802 6823

7324 7325 6811 6818 7316 7317 6824

6801

6802

6803

6804

6800 13811 17308

7606

7605

6806 6808

6804

6829

7311 6813 6810 6812

7312 6830

6806 6805

7612 13821 13831 7618 13802 13847 13841 6901 6903 13923 6900 13804 13805 6905 13803 6902 6821 6901 6904 6900 6903 6906 6902 6905 6908 13816 6907 6904 6906 6909 6908 7001 6909 6912 6910 13813 13807 13814 6912 13811 13802 6918 13800 13805 13812 13809 6906 13808 13807 13703 6900 13801 13800 13802 13800 13801

7611

6806 6807 6808

6835

7307

7308 6836 7304

7617

6808

6841

LV VE
13612 7623 7629 13613

13610 13600 13602 13608 13604 7236 6854 7230 13601 13609 13605 13607 7218 7225 7212 7219 13702 13700 7213 7200 7207 7206 13603 7224 6860 7300 6848 6842

13803

7624

6812

6809 6810

6811

6814

6816

6901

6911

13611

13925

N
6817 6912 7154

CH
7100 7104 7106 7108 7110 7112 7114 7123 7116 7129 7135 14125 14131 14201

6811 6901 6813 6900 6903 6902

6815

6917

6923

6866 6913 6900 6905 6919 6925 6904

IT A L
6901 7101 7103 7105 7107 7109 7111 7113 7118 14119

ET

13860

6929

13861

6935

R

6906 7006 13501 6924 6918 7166 13507

13801 13806

6924 6930

6941

6914

6915

6925

D
7001 7104 7106 7108 7110

UN RR EE
6916 7000 7003 7005 7002 7007 7004 7006 13904 13906 13908 13910 7100 7100 7102 7101 7104 7109 7102 13909 13907 7106 7103 7111 7108 7105 7110 7109 7112

6918

D
7000 13903

13815

T AN
13704 13701

13808

6936 13803 6942

13600 7160 13602 13604 7161 13506 13513

13810

7101 7107 7103 7105 7111 7109 6956 6948

13703

7001

7007

7000

7002 13902 13900 7102 7104 7114 13901 13904 13902 13900 7106 13906 13901 13908 7108 7110 7004 7006 7100 7113

7008

7013

LER
13606 13607 13608 13609 13610 13613 13612 7031 13611 7025 7037 7101 7067 7047 7057 7066 7048 7054 7060

DR
7155 7145 7135 7125

DR
7102 7101 13850 7103 7105 7111 7115 7117 7117 7130 14113 7136 14118 16100 15930 15910 15801 14737 16724 14602 15811 15712 15901 14918 15406 15407 7501 16600 15800 8318 7500 7531 16300 7541 15400 8401 15401 15501 15507 8400 8301 8213 8207 8200 8212 15408 15402 15201 15212 7512 7519 7525 14903 7506 7513 7518 7524 7525 7531 14907 14901 7610 7608 7605 14900 7606 7603 7606 7605 14707 14706 8312 8306 8300 15413 7500 7512 7519 14703 14701 7601 7806 7800 7801 14506 7612 14500 7625 7606 7600 7701 7600 14248 14242 14713 7507 7506 15601 7507 7500 14912 7513 7602 14911 14906 14705 14706 14707 14704 14702 14700 14605 14619 14607 14609 14617 14615 14613 14611 14724 14719 7618 14718 14613 14607 7619 7810 7510 14223 14236 14231 7406 7400 7336 7320 14601 7501 7613 14209 14201 14121 14111 7306 14230 14217 7319 7511 14315 7218 7300 7313 7612 14612 15401 14936 14924 14930 14901 14606 14603 7501 14725 7500 7212 14218 7307 14730 14604 14601 14731 14612 14606 14600 7607 7501 14212 15400 14618 7606 14301 7206 14206 14141 7302 14600 14736 7600 14313 14307 14225 14200 7300 14301 14219 14142 14742 14407 14213 14136 15500 7300 15101 15000 7501 14321 14300 14101 7411 14413 14401 14331 14325 14320 14319 14207 14130 14300 14226 14220 14124

7148 13512 7142

7136

7014

7019

13524 7130

7112 13905

7020

7119 7124

7111 7026

13532

13910 13905 7032 7113 13909 13911 7117 7111 14030 14024 7116 7113 14018 7121 7115 14012 7118 7208 7206 7204 7114 7119 7202 7042 13907 13903 7200

7118

13538

13600 7112 7201 7036 7100 13612 7106 13606

7112

7114

7116 14037

14025

14006 7122 7210 7120

14043 14049 14055 14000 14002 14101 14107 14004 14001 14100 14106 7302 14112 14005 14101 14107 7301 7305 7311 14025 7308 7307 7306 7305 14019 14013 14003 7300 14001 13924 14000 14007 14000

13918

BU
13912 13925 14001 7316 7400 7406

C
13900 13913 7306

UB DR KR
7203 13842 13836 7205 13830 13848 13824 13818 13812 13806 7211 13849 13855 13861 13901 7300 7302 7303 7300 13806 13800 7301 13843 13835 13829 13823 13817 13811 13805 7302 7304 7301 7305 7400

13618

13624 13630 13800 13636 13738 13732 13724 13718 13700 13625 13619

7301 7309 13801 13731 13725 13719 13713 13707 7302 7304 7307 7306 7308 7310 13701 7311

13907

7301 14010

13919 7313 7302 7401 7400 14007 7312 7305 7307 7400 13902 13912 7406 13904 13908 14031 7412 7412 13913 7425 7424 13901 13911 7418 13909 7424 13907 13930 13924 13905 13903 7424 13918 7430 13912 13906 13900 13820 13732 13814 13800 13719 13713 13707 13701 13726 7419 7406 7425 7412 7407 13720 7419 13712 13706 7418 7412 7415 13707 13900 7413 7406 7411 7318 7418 7312 7419 7407 7404 7405 7317 7412 7303 7306 7401 13813 7406 7407 7402 7413 7403 7306 7305 7304 7303 7401 7300 7301

14020 7304 7303

7304

7310 7304 7312 7308 7502 7500 7306 14041

7418

7400

7504 7325 7506

7501 14002 7436

Woolridge Road Transportation District Assessments
Total Assessments: $855 M  Number Parcels: 3,241


Woolridge Road Transportation District Road Improvement & Funding
    




Four Lane Woolridge from Otterdale Rd to Genito Rd Distance: 3.3 miles Cost: $32 M Developer Contributions: $2 M Utility Department Contributions: $4 M Assessment $0.15 / 100: Supports $12 -$15 M in debt Balance required: $11 to $14 M

Magnolia Green Transportation Service District

!
Powhite Pkwy Extension

! ! !

60 £ ¤

! ! !
288

!! ! ! !150 ! !

! ! !

!

! !

! ! ! ! !

!

£ ¤

! !
10

§ ¦95 ¨
! ! !! !!

360

§ ¨! ¦
!

295

!

£ ¤

1/301

!

! ! ! !

!

! !!

Magnolia Green Transportation Service District
!

! !
Mo s el ey

! ! !
76

d Ol

Ge nito
le

Hu
288

nd d re

Ot te rd a

o W

rid ol

ge

!

!
ock

Winte rp

Sk q in ua

e rt r

Sp

360 £ ¤

rin gR un

!

er av e Be idg Br

Magnolia Green Transportation Service District
Mo s el ey

Ot te rd a

le

o W

rid ol

ge

al

Du v

!

q in Sk ua e rt r

360 £ ¤

!

Magnolia Green Transportation District Road Improvements & Funding


Special assessment rate: $0.15/$100
Year 10 $ 1.3M $ 6.5M $15.0M

Year 5 Annual revenue $0.5M Cumulative revenue $1.7M Debt supported $5.0M

Existing Funding Option #4


Community Development Authority County Criteria:
– Large economic development projects – unusual capacity to generate tax revenues from business property (non-residential) – Redevelopment of areas identified by the county as critical – Broad based, public purpose infrastructure; improvements not typically required of developers – Total CDA debt service from CDA projects may not exceed 3.5% of all County debt service

Watkins Center Community Development Authority

• 50% of the incremental increase in real estate taxes resulting from increased assessments • 25% of sale tax
• Special assessment

Existing Funding Option #5


Road Cash Proffer Revenue
– $20.5M over FY2008-FY2012

Road Cash Proffer Revenue ($M)
$6.0 $4.0 $2.0 $0.0 FY2008 FY2009 FY2010 FY2011 FY2012

Existing Funding Option #5
Proposed FY2006 (July 2005) Schools $7,225 Adopted FY2006 (October 2005) $5,348 Proposed FY2007 $8,634

Parks
Libraries Fire Stations

604
349 405

604
349 405

612
318 409

Roads
TOTAL Proposed

8,942
$17,525 $17,000

8,942
$15,648 $15,600

12,748
$22,721 $22,600

Students Per Household

.62

.53

.65

Existing Funding Option #5
Cash Proffers Work Session in December  Board Options for Maximum Cash Proffer


– No change – Adjust roads: $3,800 increase – Adjust schools: $3,280 increase – Adjust both: $7,080 increase

Existing Funding Option #6


Subdivision Road Proffers
– Local decision – Impacts “pre-cash proffer” zoned properties

  

Subdivision Road Proffer at Magnolia Green 4,886 allowable lots with no cash proffers Subdivision road proffer: $43.6M less $8M in off-site improvements = $35.6M

Existing Funding Option #7


Future Bond Referenda
– Local decision – BPOL and Dedicated Real Estate revenue options implemented via referendum – Future referenda would include a road component

Existing Funding Option #8


PPTA/Tolls for Powhite Parkway Extension – County option to pursue PPTA – BOS Direction on Pursuing Powhite Parkway Extension PPTA

!

! !
Mo s el ey
Ge nito

! ! !
76

d Ol Hu nd d re

le

Ot

te rd a

288

oo W

d lri

ge

!

!
ock
r

Winte rp

q in Sk ua

e rt

Sp

360 £ ¤

rin gR un

!

er av e Be idg Br

Existing Funding Option #9


Increased Subdivision Road Design Standards
– Chesterfield adding the most miles of subdivision streets statewide – State does not increase maintenance funding relative to additional mileage – Local decision to address state concern – Reduces long-term cost of maintenance – Significantly increases cost of development

Existing Funding Options
Cumulative New Revenue ($M)
$300 $250 $200 $150 $100 $50 $0
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Real Estate

BPOL

Cash Proffers

Potential Funding Options
Increase State Revenue Sharing Cap  Local Option Grantor Tax  Local Option 1% Sales Tax  Regional Gas Tax  Road Impact Fee Authority


Potential Funding Options


Increase State Revenue Sharing Cap
– General Assembly appropriation required – Increase pool of funds for matching localities
» Existing State cap: $50 M » State funding level: $15 M

– Current funding allowed
» $1M per year in county funds » $1M per year in state match

Potential Funding Options


Local Option Grantor Tax
– General Assembly authority required – Chesterfield collects over $1M annually from $0.05 share of $0.10 combined rate – $240,000 to $260,000 per $0.01/$100 annually

Potential Funding Options


Local Option 1% Sales Tax
– General Assembly authority required – Chesterfield: $38 M annually – Regionally: over $140 M (Chesterfield, Henrico, Richmond, Hanover)

Potential Funding Options


Regional Gas Tax
– General Assembly authority required – Regional participation to maintain competitive – $1.5 M to $1.8 M annually for Chesterfield

Potential Funding Options


Road Impact Fee Authority
– Requires General Assembly approval – Existing NOVA authority ineffective

Potential Changes For Meeting Transportation Needs
State involvement in local land use and transportation decisions was a strong theme in the 2006 session and special session  Growth in secondary roads taken into state system is a concern  Transfer of road maintenance to counties is being discussed by legislators


Summary Findings


Ten year road funding goal: approximately $300M – Funding from multiple sources Further real estate tax rate reduction – FY2008 based on $1.02 or lower Most competitive business license tax – 77% pay no more than $10





The Next Steps


Direction to Administration:
Yes No



Items for Consideration at Public Meetings:
Yes BPOL Real Estate Revenue No

FY07 Budget with BPOL and Real Estate Tax for Transportation

PPTA for Powhite Pkwy Extension Cash Proffer Work Session - December

Transportation Service District
Community Development Authority Cash Proffers Subdivision Road Proffers

X

Future Referenda
PPTA/Tolls Subdivision Design Standards

Transportation Summit
November 20, 2006


				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:52
posted:7/11/2008
language:English
pages:55