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HomeMy WebLinkAboutPacket 11-07-12 \ , Q,7\E$S Fe Ry�� � I f _ ' '1 q ' s 'I,� Ib� { 'III '11 ' l ! I ' Il l 1 '4444v ' i 60RTOb10RKi W / "uimrv. `,.JNDIANA/, C 1= MEL 1[" L COQ iMISS1101 r. I -MEMORANDUM- Date: October 26, 2012 To: Impact Fee Advisory Committee From: Adrienne Keeling Al Department of Community Services Re: Resolution PC-10-16-12: Park Impact Fee Increase Enclosed is the information packet for the following item. If you have questions, please contact 571-2417. Plan Commission Resolution PC-10-16-12: Resolution to implement an increase in the Parks and Recreation Impact Fee and ratify the scheduled fee increase for June 2013. Please see the proposed Plan Commission Resolution regarding the scheduled increase in the Parks and Recreation Impact Fee. The resolution recommends that the Common Council ratify and approve the scheduled increase for months 37-48 (June 15, 2013 — June 14, 2014) as adopted in Zoning Ordinance Section 29.07.04(a). See the excerpt below: 29.07.04(a) $1,261, during months 1-12 of the effectiveness of this PRIF Ordinance; and increase in the following manner provided the Common Council shall approve each subsequent increase prior to implementation, $1,387, during months 13-24 of the effectiveness of this PRIF Ordinance; $1,526, during months 25-36 of the effectiveness of this PRIF Ordinance; $1,679, during months 37-48 of the effectiveness of this PRIF Ordinance; or$1,847, after month 48; times Background: The Parks & Recreation Impact Fee is derived by calculating the existing Parks' Community Level of Service, estimated costs of new park infrastructure and the number of projected new dwelling units. The maximum Fee calculated in the 2010-2015 Zone Improvement Plan was $2,275/unit. Establishing this maximum fee immediately in 2010 would have involved a major increase in fees. Instead, the City adopted a more gradual approach over the five-year life of the Impact Fee Ordinance, resulting in a maximum increase of 10% per year with a cap of $1,847/unit starting in 2014. Along with the scheduled gradual increase, the Council requested that each increase is reviewed prior to its effectiveness. The Impact Fee Advisory Committee has been convened for this review prior to forwarding to the City Council. Once Committee review is complete, this resolution should be sent back to the full Plan Commission for adoption and forwarding to the City Council Review Materials/Attachments: 1. Proposed Resolution PC-10-16-12 2. Relevant Pages from the 2010-2015 Zone Improvement Plan 3. Recent History of PRIF Fees Collected & Dwelling units permitted 2012-1 107.PC-10-16-12:IFAC Memo.docx ONE CIVIC SQUARE CAR\IEI,,INDIANA 46032 317/571-2417 RESOLUTION NO. PC 10-16-12 A RESOLUTION OF THE CARMEL PLAN COMMISSION RECOMMENDING THAT THE COMMON COUNCIL OF THE CITY OF CARMEL RATIFY AND APPROVE THE 2013 SCHEDULED INCREASE IN THE CARMEL PARKS AND RECREATION IMPACT FEE WHEREAS, pursuant to the Advisory Planning Law of the State of Indiana (contained in IC 36-7-4), each unit of local government that wishes to adopt land use and zoning ordinances must first approve by resolution a comprehensive plan for the geographic area over which it has jurisdiction; and WHEREAS, the Carmel Comprehensive Plan (the "C3 Plan") was approved and recommended by the Carmel Plan Commission on November 18, 2008, duly approved by resolution (as amended) of the Common Council of the City of Carmel on May 4, 2009, with those C3 Plan amendments approved by the Carmel Plan Commission on May 19, 2009, with May 20, 2009 becoming the effective date of the C3 Plan, and therefore it is the official Comprehensive Plan of the City of Carmel, Indiana and Clay Township, Indiana; and WHEREAS, the Mayor of the City of Carmel appointed the Impact Fee Advisory Committee to serve in an advisory capacity to assist and advise the City with regard to the adoption of an impact fee ordinance under Indiana Code Section 36-7-4-1311; and WHEREAS, the Impact Fee Advisory Committee met and advised the Carmel Plan Commission to recommend to the Common Council a revised and updated Zone Improvement Plan and Park Impact Fee (PRIF) Ordinance resulting in an amendment to the C3 Plan; and WHEREAS, the Carmel Plan Commission duly approved, and recommended to the Common Council, an amendment to the C3 Plan regarding a revised and updated Zone Improvement Plan on which the PRIF Ordinance is based; and WHEREAS, the Common Council of the City of Carmel, Indiana, pursuant to IC 36-7-4-509, by Resolution duly approved the revised and updated Zone Improvement Plan; and WHEREAS, the Common Council of the City of Carmel, Indiana, pursuant to IC 36-7-4-607, duly adopted Ordinance No. Z-534-09, the current PRIF Ordinance, which is codified as Section 29.07 of the Carmel Zoning Ordinance; and WHEREAS, Section 29.07.04(a) of the Zoning Ordinance provides that the amount of the impact fee (times the number of equivalent dwelling units to be constructed) shall be increased during months 37-48 of the effectiveness of the PRIF Ordinance from $1,526 to $1,679, provided the Common Council shall approve the increase prior to implementation; and Resolution No. PC-10-16-12 10/16/2012 DRAFT WHEREAS, pursuant to Section 29.07.14 of the Zoning Ordinance, such increase is scheduled to be implemented on June 15, 2013, which begins month 37 of the effectiveness of the PRIF Ordinance; NOW,THEREFORE,BE IT RESOLVED BY THE CARMEL PLAN COMMISSION, THAT: 1. The Plan Commission hereby recommends to the Common Council of the City of Carmel, Indiana that the Council should ratify and approve the scheduled increase in the amount of the Parks and Recreation Impact Fee from $1,526, times the number of equivalent dwelling units, to $1,679, times the number of equivalent dwelling units, during months 37-48 of the effectiveness of the PRIF Ordinance (June 15, 2013 —June 14, 2014). 2. The Secretary is hereby directed to send a copy of this Resolution with the minutes of this meeting to the Clerk-Treasurer of the City of Carmel for distribution to the Common Council of the City of Carmel. SO RESOLVED BY THE CARMEL PLAN COMMISSION this_day of , 2012. CARMEL PLAN COMMISSION President ATTEST: Secretary Resolution No. PC-10-16-12 10/16/2012 DRAFT CURRENT LEVEL OF SERVICE 'By comparison, the Current Level of Service (see IC 36-7-4-1302) for existing development in the impact zone is estimated by tanking the current value of existing park and recreation infrastructure in the Community and dividing that value by the total number of current households. Value of existing infrastructure: o Land (661 Acres*'at $61,200 per acre) $ 40,453,200 *Based'on 505 acres in the Carmel Clay Park'System,(see MIG, Inc. Master Plan Survey), plus 31 acres in Gray'Road Park (Carmelot); 80'acres in Brookshire Golf Course; 41 acres of Monon Greenway ROW (using a width of 66 feet, 51 acres less the acreage attributed to the Monon Greenway and trailheads in the MIG, Inc Master Plan Survey) and 4 acres of the recent Cool Creek North Trail extension. o Improvements: 71,940,000 TOTAL. $ 112,393,200 ® Divided by number of current households. 32,592 Estimated Current Level of Service = $ 3,4481 unit of existing development COMMUNITY LEVEL`OF SERVICE The Community Level of Service represents the maximum impact fee that may be assessed on a new development unit (see IC 36-7-4-1301). As permitted by IC 36-7-4-1318(b)(3), this Zone Improvement Plan establishes the Current Level of Service as the Community Level of Service Estimate fLCommunity Level of Service = $ 3,448! unit' (same as Current Level of Service) 45 ,40 No COMPUTATION OF IMPACT FEE; RECOMMENDATION Park Infrastructure Planned to Serve New Development $ 23,750,000 a Divided by. New Development Units Projected for 10-year Period 7,140 Cost of New Infrastructure, per New Unit $ 3,326 Less: Deductions for Central Park Bond (1,001) Less: Deductions for County Income Tax (50) Projected (Maximum) Impact Fee: $ 2,275/ unit RECOMMENDATION The impact fee is not expected to be the sole source of revenue for parks and recreation improvements for the next 10 years Accordingly, an impact fee can be imposed at a level below the maximum authorized by state law; this also recognizes that existing residents may utilize any new facilities alongside the new residents upon whom the fee is imposed However, unlike some other communities in Hamilton County, the Carmel/Clay community does not impose road impact fees upon new development, and thus higher but still reasonable park impact fees assessed upon new developments in Clay Township should not be unduly burdensome As indicated above, the impact per new residential development unit over the 10-year planning period (2010-2020) is$2,275 This is calculated by adding together the net cost of new park development and new construction ($23,750,000), then dividing by the projected number of new households (7,140), and then subtracting mandatory, statutory deductions that equal the estimated amount($1,001)that an average new household•will be assessed via property taxes to service the debt for the current park bond, as well as the estimated amount ($50)that occupants of the average new residence will pay via the County Option Income Tax to support other new park development during the 10 year planning period It should be noted that the current Carmel/Clay Park and Recreation Impact Fee is only$1,261 per dwelling unit—this is less than was permitted under state law when this fee was set in 2005 Moving the impact fee to the maximum level allowed by state law•at this time would require over a 60%increase from the current amount. Moreover, it is not desirable for the City Council to increase taxes or fees to be imposed during an economic downturn. However, the economy is expected to be in growth mode during the five-year life(2010-2015)of this proposed Impact Fee Ordinance Therefore, it is recommended that the Carmel/Clay Park and Recreation Impact Fee should be frozen at the current level of.$1,261 for the first 12 months of this ordinance, and then be scheduled to increase thereafter by no more than 10% per annum Current Parks and Recreation Impact Fee $1,261/unit (effective 9/7/05-9/6/10) Proposed Fee, effective 9/7/10-9/6/11 1,261/unit Proposed Fee, effective 9/7/11-9/6/12 1,387/ unit Proposed Fee, effective 9/7/12-9/6/13 1,526/unit Proposed Fee, effective 9/7/13-9/6/14 1,679/unit Proposed Fee, effective 9/7/14-9/6/15 1,847/unit 46 PARKS & RECREATION IMPACT FEES 2010-2012 PRIF 2010 2011 2012 Jan $29,003.00 $22,192.00 Feb $23,959.00 $65,189.00 March $29,003.00 $56,867.00 April Jan-May 2010 $25,220.00 $110,960.00 May $ 203,134.00 $30,264.00 $101,251.00 June $39,091.00 $23,202.00 $98,619.00 July $17,654.00 $293,945.00 $76,300.00 August $18,915.00 $269,978.00 $59,514.00 Sept $ 32,786.00 $16,644.00 $251,790.00 October $ 10,088.00 $34,675.00 November $15,132.00 $36,062.00 December $34,047.00 $133,152.00 TOTAL $ 370,847.00 $ 947,118.00 $ 844,694.00 AVG/MO. $ 30,903.92 $ 105,235.33 $ 93,854.89 Units 539 619 598 through September