002: Street Impact Fee Update — original pdf

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Street Impact Fees Overview – Urban Transportation Commission August 6, 2024 1 Presentation Overview Implementation Timeline • What is the Street Impact Fee? • • Applicability • Fee-In-Lieu & Mitigations • Roadway Capacity Plan • Guidelines & Collection • SIF Summary- Total • Summary- Invoiced and Collected • Summary- Transportation/Mobility Improvements Constructed • Examples • Questions/Answers 2 What is the Street Impact Fee? • SIF designed to fund transportation infrastructure improvements necessitated by new development projects. Purpose: Benefits: • Provides developers with a consistent approach to transportation mitigation fees. • Provides certainty of fees based on what developer plans to build. • Provides for collection across more developments, increasing funding for roadway projects. Calculation: • Calculated based on the anticipated impact of new developments on the city's street infrastructure. • Utilizes factors such as the size and type of development. 3 What is the Street Impact Fee? Implementation: building permit. • Developers are required to pay SIF to obtain • Addresses the costs of increased traffic and expanding the transportation network. Usage: • Funds collected are allocated towards expanding Austin's road network capacity. • Managing congestion and enhances transportation efficiency. 4 Implementation Timeline STREET IMPACT FEE SIF Ordinances Adopted (TIA Deadline for Grace Period) Fee Collection Begins (New TCM Effective) Fee Collection grace period ends (All TIAs) Dec 2020 Jun 2022 Dec 2023 Jun 2021 Dec 2022 Report to Council on Review Fees Public-Facing SIF Dashboard 5 SIF Applicability SIF collection began in June 2022, after an 18-month grace period from adoption in December 2020. SIF Applies to projects which generate 10 Peak Hour Trips (PHTs) or more • Dependent on what is on the site before construction • Mid-rise (4-10 floors) multifamily developments: ~23 • High-rise (11+ floors) multifamily developments: ~28 units units • Office developments: ~9,000 Square Feet 6 SIF, Fee-In-Lieu, and Mitigations • SIF money remains in Service Area (map) • SIF replaced transportation fees-in-lieu • SIF can be reduced (constructed improvements, previously paid fees, affordability, etc.) Council District Service Areas Council District D, DT, G, I, J N, O, P G, J, L, N, P C, D, F, I, J 6 7 8 9 1 2 3 4 5 Service Areas A, B, E, H B, C, D, F, I K, L, M, N DT, I, J, L L, N, O 10 E, F, H, I, K 7 Service Area DT SIF Roadway Capacity Plan Eligible SIF projects are defined in the Roadway Capacity Plan (RCP). The RCP consists of the following project types in each Service Area: Two-Way Conversions – Improvements associated with converting roadways to two-way. Widening – Additional width to accommodate all street features based on street design standards. Access Management – Median construction in the center turn lane. New Connections – New roadways or roadway extensions to strategically add capacity and street connectivity. Intersections – The construction or modification to existing intersections to increase capacity. This includes the installation of signals, roundabouts or turn lanes. 8 SIF Guidelines & Collection Guidelines provide in-depth direction for: • SIF Calculation Worksheet • SIF Ordinance information • SIF Reductions based on: Internal Trip Capture • Affordable housing provided • • Proximity to Transit • Parking Reduction 9 SIF Summary- Collected, Transportation/Mobility Improvement Projects Constructed, Affordability Reductions Total Collected - $9.4M 10 Total Transportation/Mobility Improvement Projects Constructed - $5.8M *As of June 2024 Total Affordability Reductions - $2.3M Service Area Summary- SIF Invoiced and Collected *As of June 2024 Total Collected - $9.4M Total Invoiced - $19.3M 11 Service Area Summary- Transportation/Mobility Improvements *As of June 2024 Total Transportation/Mobility Improvements - $5.8M 12 SIF Improvements Before (January 2022) Service Area C Council District 7 13 SIF Improvements After (January 2024) SIF Project: C-5 (Scofield Farms Drive) Offset: $176,452 SIF Project: C-6 (Cearley Drive) Offset: $751,700 14 Helpful Links www.AustinTexas.gov/StreetImpactFee StreetImpactFee@AustinTexas.gov https://www.austintexas.gov/page/transportation-project-development-program 15