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HomeMy WebLinkAbout07-16-13 Presentation/Traffic Impact Fee ReviewOcoee Demand Driven Apopka Demand Driven Winter Garden Demand Driven Orange County Demand Driven VMT * (COST /VMT — CREDIT /VMT) New lane miles of travel * cost of one lane mile of construction Identifies local inputs for trip lengths; comparatively higher cost per lane mile; includes inflation factors Uses VMT basis, but uses different calculation inputs — including average daily traffic rather than trip generation rates 2 Quality Restaurant Rates Comparison 160% 140% 120% 40% 100% 80% 20% 60% 40% 20% ` 0% 0% Apo Orange County • ■ 2006 Ocoee _ 151.3% 111.0 -20% w Current Ocoee Reduced 88.4% 111.0% n` Hospital Rates Comparison 50% -- 40% 30% 20% 0% • -10% -20% Winter Garden Apopka Orange County ■ 2006 Ocoee 42.6% 12.1% -8.3% t Current Ocoee Reduced 6.9% -15.9% -8.3% 3 100 - 200,000 SF Office Rate Comparison 70% 60% 50% 30% 20 10% — - - -- 0% -10% -20% -30% ■ Winter Garden Apopka Orange County 2006 Ocoee 9.90% 58.80% -9.60% Current Oco ee Reduced - 17.60% 19.10% -9.60% N $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 O OOc, � ( &Cc- , ' wrac 000 very .00 ■ Previous Calculation Lj Updated Calculation �rao• o'`a\ a�� c e 5Q ■ Previous Calculation Updated Calculation 5 Restaurant, Quality $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 Hospital ■ Previous Calculation kw Updated Calculation Quality Restaurant Rates Comparison 200.0% _ 0 0 150.0% 0 100.0% -- 50.0% -- c a� 0.0% ----- - - - - -- Q -50.0% - 100.0% Apo pka Or ange County ■ 2006 Rate 151.3% 111.0% M Current Reduced Rate 88.4% 111.0% ■ Updated Impact Fee - 43.90% - 37.20% 6 Hospital Rates Comparison ai 60.0% 0 0 40.0% E 20.0% o _ 4 0.0% 0 — U -20.0% _ N � - 40.0% _.._ ------- - 0 - 60.0% -- -- - -- - - 80.0% Winter Garden Apopka Orange County ■ 2006 Rate 42.6% 12.1% -8.3% M Current Reduced Rate 6.9% -15.9% _ -8.3% ■ Updated Impact Fee - 51.90% - 62.10% - 58.70% 100 - 200,000 SF Office Rate Comparison 70.0% - N 60.0% 0 50.0% 0 40.0% - — - - - E 30.0% 0 9 Current Redu Rate - - -- - - 20.0% - 24.70% N U 10.0% c 0.0% _ -10.0% - - -20.0% — - - -- - 30.0% Apopka Winter Garden ■ 2006 Rate 9. 9 Current Redu Rate - 17.60% ■ Updated Impact Fee - 24.70% Apopka Orange County 58.80% -9.60% 19.10% -9. 17.40% 8.90% im 7 Valid Methodology with Updated Inputs /Sources Comp Plan Updates Needed b a` ,_.RMMR L c • A Does Not Specifically Address the CRA Boundary Scenario 1: Base Case, Updating Existing Formula Scenario 2: Improvements Based Formula Scenario 3: Zonal Designations and Multimodal Focus 15 lim Scenario 1: Keep Existing and Update Assumptions Implementation Guidelines Benefits and Drawbacks Cost and Implementation Time her Factors Scenario 2: Improvements Based` Formula Implementation Guidelines Benefits and Drawbacks Cost and Implementation Time Other Factors March 2013 Implementation Guidelines Benefits and Drawbacks Cost and Implementation Tim Other Factors C-4 OOOW Update Existing Formula Approve Preferred Scenario Develop Scope of Work for Updates Needed Update Impact Fee Methodology /Fees rmal Adoption Thank You 4 City of Ocoee Transportation Impact Fee 6r Review Study Smith