20170214 Impact Fee PresentationTown of Prosper
Agenda Item 9.
Conduct a Public Hearing to receive public comments
concerning the amendment of the land use
assumptions and capital improvements plan,and the
imposition of an impact fee for water,wastewater,and
roadway utilities.(MD16-0012)(HW)
“a place where everyone matters”
Proposed Water CIP
Water Impact Fee
10 Year CIP
3
Water Impact Fee
Development Agreements
4
Windsong
West Side Utilities
Parks at
Legacy
TIRZ #2
Star Trail
TIRZ #1
Proposed Wastewater CIP
Wastewater Impact Fee
10 Year CIP
6
Wastewater Impact Fee
Development Agreements
7
Windsong
West Side Utilities
Star Trail
TIRZ
#2
TIRZ #1 Brookhollow
Frontier
Estates
Water and Wastewater
Impact Fee Calculations
8
Water Wastewater
10-Year Capital Improvement Costs $52,625,355 $38,688,633
Financing Costs $17,504,846 $12,862,402
Total Eligible Costs $70,130,201 $51,531,035
10-year Projected Growth in Service Units 9,178 9,130
Maximum Impact Fee per Service Unit
without Credit $7,641 $5,644
Impact Fee Credit per Service Unit $3,821 $2,822
50% Maximum Allowable Impact Fee per
Service Unit with Credit $3,821 $2,822
Water and Wastewater
Impact Fees
$2,595
$3,900 $3,821
$1,977
$683
$2,822
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
2006 2011 Proposed
Water
Wastewater
Based on 1” Water Meter
Town of Prosper
Water and Wastewater Impact Fee:
CIAC Recommendation = 50% max
Strategic Planning Session = 50% max
“a place where everyone matters”
Water Wastewater
10-Year Capital Improvement Costs $52,625,355 $38,688,633
Financing Costs $17,504,846 $12,862,402
Total Eligible Costs $70,130,201 $51,531,035
50% Maximum Allowable Impact Fee per
Service Unit with Credit $3,821 $2,822
2011 Current Impact Fee $3,900 $683
2006 Previous Impact Fee (For Comparison)$2,595 $1,977
RECOMMEDED Impact Fee per Service Unit $3,821 $2,822
Roadway Impact Fee CIP
Roadway Impact Fee
Development Agreements
SHOW DEVELOPMENTS AND DEVELOPMENT
AGREEMENTS
Windsong
Parks
Star
Trail
TIRZ
#2 TIRZ #1
Roadway Impact Fee
Calculations
13
Service Area 1
(West of RR)
Service Area 2
(East of RR)
10-Year Capital Improvement Costs $96,505,861 $74,772,644
Financing Costs $30,253,316 $22,086,856
Total Eligible Costs $125,759,177 $96,859,500
Total Veh-Mi of New Demand over 10-years 50,227 50,613
Maximum Impact Fee per Service Unit
without Credit $2,522 $1,912
Maximum Allowable Impact Fee per
Service Unit with Credit (50%)$1,261 $956
Maximum Allowable Impact Fee for Single
Family Dwelling Unit (50%)$7,566 $5,736
Roadway Impact Fee
Single Family
$3,266
$2,581
$5,187
$3,727
$7,566
$6,053 $5,736
$5,073
$4,058 $3,727
$5,736
$4,589
$-
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
2006 Max 2006
(40% Max)
2011 Max 2011
(Same for
Both)
Prop Max Prop
(40% Max)
Prop
(Same for
Both)
Town of Prosper
Roadway Impact Fee (Residential):
CIAC Recommendation = 50% max
Strategic Planning Session = 40% max
“a place where everyone matters”
Service Area 1 Service Area 2
10-Year Capital Improvement Costs $96,505,861 $74,772,644
Financing Costs $30,253,316 $22,086,856
Total Eligible Costs $125,759,177 $96,859,500
Maximum Allowable Impact Fee for Single
Family Dwelling Unit (50%)$7,566 $5,736
2011 Current Impact Fee for SF Unit $3,727
($5,187: 50%)
$3,727
2006 Previous Impact Fee for SF Unit (40%)$2,581
($3,226:50%)
$4,058
($5,073:50%)
Impact Fee for SF Unit -2011 Method $5,736 $5,736
RECOMMENDED Impact Fee for SF Unit (40%)$6,053 $4,589
Roadway Impact Fee
Non Residential
•2006 Rates
–25% of Max across the board
•2011 Rates
–25% of Max for:
•Hotel
•Movie Theater
•Day Care
•All Office Uses
•Non-Fast Food Restaurants
•Discount Store
–40% of Max for:
•Fast Food Restaurant with Drive Thru
•Home Improvement Store
•Shopping Center
•Supermarket
•Toy Superstore
•Department Store
Town of Prosper
Roadway Impact Fee (Non-Residential):
CIAC Recommendation: 50% max
Strategic Planning Session
•50% max,except for 25% max for the following:
“a place where everyone matters”
Hotel
Movie Theater
Day Care
All Office Uses
Non-Fast Food Restaurants
Home Improvement Store
Shopping Center
Supermarket
Toy Superstore
Department Store
Impact Fee Comparison
Restaurant w/Drive-Thru (4,600SF)
$226,803
$171,948
$181,442
$137,558
$157,660
$70,684
$127,641
$91,706
$57,134
$21,903
$22,783
$7,774
$6,900
$6,481
$4,941
$3,593
$357
$0 $0 $-
$50,000
$100,000
$150,000
$200,000
$250,000
*Does not charge impact fees.
Impact Fee Comparison
Medical Office Building (31,660SF)
$754,141
$571,748
$540,911
$242,516
$377,071
$285,874
$255,971
$183,913
$183,305
$70,272
$156,906
$89,249
$78,880
$27,228$6,256
$25,423 $23,745 $0 $0 $-
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
*Does not charge impact fees.
Impact Fee Comparison
Big Box Grocery Store (132,000SF)
$3,247,464
$2,462,064
$2,257,068
$1,011,912
$1,623,732
$1,231,032
$1,220,340
$876,744
$874,087
$335,090
$537,636
$224,664
$223,080
$198,000
$113,520
$28,210
$96,426
$0 $0 $-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
*Does not charge impact fees.
Town of Prosper
Questions?
“a place where everyone matters”