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<br /> <br />PROOF OF PUBLICATION OF ADVERTISEMENT FOR HEARING <br />IS ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD <br /> <br />Community Development Director Bob Keating briefly reviewed the <br />memorandum dated May 5, 2004 provided in the backup. He recounted that the Board established <br />a countywide impact fee formula in 1986 when the fees for various land uses were set. The <br />formula has not changed since then, but the values in the formula changed in 1999. He mentioned <br />all of the County’s boards and committees that recommended approval of this LDR amendment. <br />Staff has also recommended adoption of the proposed ordinance with an effective date of June 1st <br />as well as a recommendation that the Board require the impact fees be updated every 3 years. <br />Bob Wallace <br />, Tindale-Oliver and Associates, Inc., 3660 McGuire Boulevard, <br />Orlando 32603, indicated his pleasure to have worked with staff as the County’s consultant. His <br />presentation included a discussion of the methodologies and assumptions used in the development <br />of the proposed TIF Ordinance. His PowerPoint presentation (copy in the backup in the office of <br />the Clerk to the Board) and comments consisted of the following: Overview of Presentation, Basic <br />Impact Fee Formula, Transportation Impact Fee Cost (single family home), Transportation Impact <br />Fee Credit (single family home), Net Transportation Impact Fee (single family home), Standards <br />Driven Impact Fee (including flexibility on spending the funds), Update of Fee Components, <br />Review of Credits, Update of Revenue Credits, Benefits of Increased Fees, Recommendations to <br />Date, Staff Recommendations, and Transportation Impact Fees for Selected Land Uses. He <br />specified that these TIFs are in line with those of other counties. <br />Questions, explanations, and discussion ensued regarding comparisons to impact <br />fees to those of nearby counties, residential versus business impact fees, square foot of <br />construction basis, the major increase of impact fees over the current TIFs, percentages of <br />increase, calculation of trip generation miles, trips to small shopping centers versus large ones, <br />concern of possible penalization of the small business owner, use of ITE (Institute of <br />Transportation Engineers) rates, FDOT credits, clarification on the method used in determining <br />May 11, 2004 10 <br /> <br />