9/3/2002 - Laserfiche WebLink

Home Browse Search

• 10.A. UPDATE ON DELAYING TRAFFIC IMPACT FEE PAYMENTS UNTIL CERTIFICATE OF OCCUPANCY (C.O.) FOR NON-RESIDENTIAL PROJECTS Assistant Administrator Baird reviewed a Memorandum of August 27, 2002: TO: James E. Chandler County Administrator FROM: Joseph A. Baird Assistant County Administrator '.\-47, DATE: August 27, 2002 SUBJECT: Update on Delaying Traffic Impact Fee Payments Until Certificate of Occupancy (C.O.) for Non -Residential Projects It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of September 3, 2002. BACKGROUND: At its August 13, 2002 meeting, the Board of County Commissioners directed staff to devise a system whereby developers of "smaller" non-residential development projects could delay payment of traffic impact fees (TIFs) until the time a Certificate of Occupancy (C.O.) is issued. Currently, in Indian River County s unincorporated area and in the municipalities, TIFs are collected prior to issuance of a building permit. As discussed at the August 13th meeting, staff was instructed to explore changing the timing of TIF payments without going through the land development regulations (LDR) amendment process. Staff has researched potential TIF payment timing changes and began coordinating with the municipalities. The following is provided to the Board as an update on those efforts. ANALYSIS: Traffic impacts are one of several types of impacts that are assessed prior to issuance of building permits. That assessment is conducted through review and issuance of a concurrency certificate, as required under state law. A concurrency certificate is issued for a given project upon a determination that sufficient capacity (e.g. roadway capacity) exists to serve the project and that such capacity is reserved for that project. Under county -wide policies and regulations, roadway traffic capacity is reserved upon payment of TIFs. Thus under current procedures for projects in the unincorporated area and within the municipalities, TIFs are collected at the time of building permit issuance to reserve the roadway capacity for a particular project on a particular site. Such a reservation is a guarantee for the property owner/builder, and any financial entities associated with the project, that adequate services will be in place to serve the project. The reservation of capacity excludes other owners/developers from using that same capacity and guarantees that a C.O. will be issued when the project is constructed in conformance with the approved building permit and site plan. September 3, 2002 101 �y 7 • M1