Street Impact Fee Project Prioritization Presentation — original pdf

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Project Prioritization for Street Impact Fee Program April 2022 Austin Transportation Department Presentation Outline • Street Impact Fee 101 • Roadway Capacity Plan Projects • Revenue Projections • Project Development for SIF Program • Ranking System • Project Development Process • Example Project • Outcomes • Questions 2 About Street Impact Fee • Street impact fees can fund roadway capacity projects required as a result of new development • A study, the Street Impact Fee Roadway Capacity Plan (SIF RCP), was conducted to define the projects, service areas, and maximum fee • Projects are from ASMP • 17 service areas • Ordinance adopted by City Council in December 2020 • Collection of fee will begin in June 2022 • Collected at time of building permit • Based on project land use, density, and location • Money collected in service area must be spent there 3 Service Areas 4 What can Street Impact Fees pay for? Project components that can be paid for… Project components that cannot be paid for…. Capacity Related Projects:  Construction cost of SIF RCP projects Non-Capacity Related Projects: × Projects not included in the  Roadways  Additional lanes  Curb & gutter  Medians  Bridges  Intersections  Signals  Roundabouts  Turn lanes  Planning/preliminary engineering  Survey and land acquisition SIF RCP × Repair, operation, and maintenance of existing or new facilities × Upgrades to serve existing development / traffic × Administrative costs of operating the program 5 SIF RCP Projects Service Area Projects Total Project Cost* Forecasted Revenue** % Funded • 1,148 Projects • Roadway Segments • New Roadways • Roadway Widening • Substandard Streets • Access Management • Two-Way Conversion • Intersection Projects A B C D DT E F G H I J K L M N O P 31 76 87 105 47 47 64 75 12 78 102 17 103 66 94 94 50 $ 65,039,000 $ 374,337,000 $ 221,290,000 $ 296,253,000 $ 42,932,000 $ 149,266,000 $ 124,213,000 $ 231,816,553 $ 61,892,000 $ 162,466,000 $ 170,047,000 $ 103,221,000 $ 137,933,000 $ 173,216,000 $ 169,680,460 $ 298,482,200 $ 33,735,885 $ 56,345,880 $ 39,842,410 $ 99,138,210 $ 29,623,250 $ 29,389,250 $ 73,389,060 $ 10,677,850 $ 32,247,355 $ 36,012,210 $ 8,043,525 $ 41,314,010 $ 50,358,225 $ 65,564,810 $ 71,631,245 $ 52,996,520 53.1% 15.9% 21.2% 42.6% 73.7% 28.5% 71.4% 5.5% 84.7% 28.8% 5.0% 54.8% 36.6% 41.3% 47.2% 20.6% 39.8% 31.1% • Turn Lanes (New or Extended) • Signals • Roundabouts $ 174,035,000 $ 52,503,900 1148 $ 2,956,119,213 $ 782,813,595 * Project costs based on 2019 unit costs ** Anticipated revenue based on land use projections shown for ten-year study period with no reductions 6 Revenue Projections • Based on anticipated incoming residential, commercial, and industrial developments • $783M over 10 years ($78.3 Million per year) with no reductions • Developments can earn reductions on the SIF • Anticipate roughly half (~60%) of total anticipated revenue as a result of reductions • Reductions: • 18-month grace period • Transit proximity reduction • Parking reduction • • Redevelopment & affordable housing reduction Internal capture reduction • Projected Revenue with Reductions: $465M over 8.5 Years ($54.8M / Year) • Total Need in SIF RCP: $2,956,119,213 (15.8% Funded) • Additional Reductions: offsets for off-site improvements built by developers 7 About SIF Project Development Program • Prioritize projects identified in SIF RCP • Developed ranking system • Identified top priority project(s) for each service area • Priority project development • Determine feasibility • Develop 30% designs • Engage with community and developers to provide information and collect feedback • Develop plan for FY22, FY23, and future years for project development activity 8 Prioritization Criteria • Categories based on ASMP mobility goals: • Affordability • Commuter Delay • Travel Choice • Health and Safety • Sustainability • Placemaking • Economic Prosperity • Innovation • Used data from ASMP, ATD, other City departments, and open sources 9 Prioritization Criteria Safety Equity Sustainability Access • Mobility Goals: Health and safety • Vision Zero Ranking • High Injury Network/Roadway • Safe Routes to School • Mobility Goals: Affordability, travel choice, and sustainability • Equity Analysis Zones (EAZs) • Transit Priority Network • Existing transit network/service • Mobility Goals: Sustainability • VMT impact • Substandard streets • Transit Priority Network • Bicycle facility improvement • Mobility Goals: Affordability, travel choice, and economic prosperity • Sidewalk priority/absent sidewalk network • Mode split impact • Land use density 10 Prioritization Criteria (Cont.) Affordability Mobility Reliability • Mobility Goals: Affordability, travel choice, health, and safety • Level of bicycle facility improvement • Transit Priority Network • Existing transit network/service • Equity Analysis Zones (EAZs) • Mobility Goals: Commuter delay • ASMP street level • Number of new travel lanes or intersection improvements • Existing transit network/service • Vehicle Priority Network • Mobility Goals: Commuter delay, travel choice, health, and safety • ASMP Street Level • Level of bicycle facility improvement • Existing transit network/service • High Injury Network/Roadway • VMT impact • Substandard streets 11 Prioritization Process • Identified projects in each service area that are priorities • Identified projects that are planned, designed, and/or paid for by others • Corridor Program Office • 2016, 2018, or 2020 Mobility Bond efforts • Project Connect/Austin Transit Partnership • TxDOT, Travis County, etc. • Identified linked projects within service area • Considered anticipated funding • Developed a work plan for FY22 and FY23 • Reviewed with each Council Office and Mayor’s Office • Plan to be posted to ATD Project Development website and open for feedback 12 SIF Project Development Process • Identify priority project • Determine overlapping projects • Develop schematic designs • Stakeholder/community feedback • Align funding source(s) 13 Process – Phase 1 Initial Concept Design by ATD Reviewed with Internal Stakeholders Generate Design Options with Stakeholder Feedback Review Draft Schematic Plans with Internal Stakeholders Finalize Draft Schematic Plans 14 Process – Phase 2 Share Project Purpose & Draft Schematic Plans with Public Review Draft Schematic Plans to Reflect Community Feedback Share Final Updated Schematic Plan with Public Post Final Schematic Plan to Website for Community Reference Wait for Funding & Advance to Project Delivery 15 Example • Review Prioritization Matrix 1 2 • Find Related Projects with SIF RCP Map 16 Example (Cont.) • Develop Concept Plans & Collect Feedback 3 17 Example (Cont.) • Check Website for Updates 4 18 Outcomes • Prioritized Project List for each Service Area • Identified other funding or planned projects • Identify likely funded projects by SIF • Online portal for project status, funding updates • Post project schematics as developed • Post revenue and expenditure updates • Updates to City Council every six months • Construction likely beginning in 2024 19 Resources • City of Austin Street Impact Fee • https://www.austintexas.gov/department/street-impact-fee • Transportation Development Program • https://www.austintexas.gov/page/transportation-project-development- program • Street Impact Fee Roadway Capacity Plan Map • https://austin.maps.arcgis.com/apps/View/index.html?appid=af6815a65 21747f3a5dc1dfd11a8da6e 20