Growth Management Legislative Discussion April 3, 2012 Growth Management Legislative Discussion...

Growth Management Legislative Discussion

April 3, 2012April 3, 2012

Growth Management Series

Discussion TopicsDiscussion Topics1.1. Planning Overview / Comprehensive Plan Amendment ReviewPlanning Overview / Comprehensive Plan Amendment Review2.2. Concurrent Plan Amendment / Rezoning and Small Scale Concurrent Plan Amendment / Rezoning and Small Scale

AmendmentsAmendments3.3. Urban Service Area Expansions, Urban Sprawl, Needs AnalysisUrban Service Area Expansions, Urban Sprawl, Needs Analysis4.4. Financial Feasibility: Funding Infrastructure and ServicesFinancial Feasibility: Funding Infrastructure and Services5.5. Concurrency: TransportationConcurrency: Transportation6.6. Concurrency: Schools and ParksConcurrency: Schools and Parks7.7. Developments of Regional ImpactDevelopments of Regional Impact8.8. Sector Plans and New TownsSector Plans and New Towns

Today’s Discussion

Financial Feasibility


Funds are: Funds are: •Committed for first 3 years of Committed for first 3 years of CISCIS•Planned for years 4 and 5Planned for years 4 and 5•Enough to maintain level of Enough to maintain level of service (LOS)service (LOS)


Whether we can: Whether we can: •Accommodate new growthAccommodate new growth•Take care of deficienciesTake care of deficiencies•Maintain LOS concurrent with Maintain LOS concurrent with growthgrowth


Whether we are:Whether we are:•Maximizing use of the Maximizing use of the investments we’ve madeinvestments we’ve made•Getting a return on investment Getting a return on investment (ROI)(ROI)•Able to afford OMR Able to afford OMR

Fiscal Sustainability

Comparison

• Maintaining LOSMaintaining LOS• Accommodating Accommodating

growthgrowth• Address projected Address projected

deficienciesdeficiencies• Creating new capacityCreating new capacity

• Return on investmentReturn on investment• Prioritizing limited Prioritizing limited

resourcesresources• Understanding the Understanding the

costscosts• Maximizing existing Maximizing existing

capacitycapacity


• Financial feasibility: 5 years (or 10)Financial feasibility: 5 years (or 10)• Fiscal sustainability: life cycleFiscal sustainability: life cycle

Importance of Fiscal Sustainability

HistoryHistory• State and federal funds State and federal funds

were used to build were used to build infrastructureinfrastructure

• Development followed Development followed infrastructureinfrastructure

• Funding played a huge Funding played a huge role that it won’t in the role that it won’t in the futurefuture

• New economic realityNew economic reality


Infrastructure Crisis?Infrastructure Crisis?GRADES U.S. FloridaBridges C B+Drinking Water D- C+Energy D+ D+Roads D- CSchools D D+Transit D C+Wastewater D- B-OVERALL D CEstimated 5-year investment need $2.2 Trillion $200 BillionSource: ASCE, 2009.


• 21% of County 21% of County housing is over housing is over 50 years old50 years old

• Over half of Over half of County housing County housing built during 3 built during 3 decades: 70s, decades: 70s, 80s and 90s80s and 90s

• By 2020 they By 2020 they will start will start reaching the reaching the 50-year mark50-year mark

Infrastructure Crisis? (Orange County)Infrastructure Crisis? (Orange County)

Infrastructure Conditions

Fire RescueFire Rescue

• Some areas need stationsSome areas need stations• Other areas – stations Other areas – stations

have few callshave few calls


UtilitiesUtilities• Perfect stormPerfect storm• Assess needsAssess needs• Prioritize repair/ Prioritize repair/

replacementreplacement• Borrowing for Borrowing for

new facilitiesnew facilities


Public WorksPublic Works• Deferred Deferred

maintenancemaintenance– Resurfacing Resurfacing – MowingMowing– Street sweepingStreet sweeping

• Reduced fundingReduced funding– CIPCIP– Pedestrian safetyPedestrian safety

Budget

In 2012 – Budget concerns continueIn 2012 – Budget concerns continue• Decreasing Decreasing

revenuesrevenues• Constitutional Constitutional

amendment amendment for property for property taxes taxes

• Decline in Decline in economic economic activityactivity

• Budget cutsBudget cuts

Questions and Studies

• Suburban road – serves subdivisionSuburban road – serves subdivision• Street maintenance cost: $350,000Street maintenance cost: $350,000


• Maryland studyMaryland study• Aging infrastructureAging infrastructure


• Maryland studyMaryland study• Tax yield per acreTax yield per acre

Retail

Mixed use, low to mid rise

Single family detached


Southgate Mall is one of the top grossing per-acre yields: $21,752


At $803,000 per acre, Five Points yields 3,500% more per acre than Southgate Mall


• Sarasota studySarasota study• Redevelopment potentialRedevelopment potential


• Revenues and long-term Revenues and long-term maintenancemaintenance

• Affording what’s already been builtAffording what’s already been built• ROI/development typesROI/development types• Tax revenue per acreTax revenue per acre• Cost of services/development Cost of services/development

patternpattern

Achieving Fiscal Sustainability

Achieving Fiscal Sustainability

• Make the most of existing Make the most of existing investmentsinvestments

• Invest with Invest with Return on Investment Return on Investment in in mindmind

• Develop sustainablyDevelop sustainably• Retrofit areas to be more Retrofit areas to be more

sustainablesustainable

Make the most of existing investments

Make the most of existing investments

Areas with declining population

Consider return on investment

• Commuter Rail station areaCommuter Rail station area

Develop sustainably

• Revenue in, revenue outRevenue in, revenue out• Short-term and long-termShort-term and long-term

Retrofit for sustainability

• Charlotte – connectivity and fire Charlotte – connectivity and fire serviceservice

Conclusion

Financial feasibilityFinancial feasibility•Definitions and requirements Definitions and requirements deleteddeleted•Relates to concurrency Relates to concurrency •Decisions about financial feasibility Decisions about financial feasibility will depend on concurrency will depend on concurrency decisionsdecisions

Conclusion

Fiscal sustainabilityFiscal sustainability•Deletion of financial feasibility Deletion of financial feasibility doesn’t change the reality that doesn’t change the reality that County needs to be fiscally County needs to be fiscally sustainablesustainable•Financial feasibility looked at Financial feasibility looked at narrower range of issuesnarrower range of issues•For fiscal sustainability, broaden For fiscal sustainability, broaden the focus, ask different questionsthe focus, ask different questions

Recommendation

Moving Toward Fiscal Moving Toward Fiscal SustainabilitySustainability•Research costs/impacts of Research costs/impacts of developmentdevelopment•Analyze areas of County to develop Analyze areas of County to develop strategiesstrategies•Bring together County service Bring together County service providers, GIS, Budget officeproviders, GIS, Budget office•Bring recommendations back to BoardBring recommendations back to Board

Growth Management Legislative Discussion

April 3, 2012April 3, 2012

Growth Management Legislative Discussion April 3, 2012 Growth Management Legislative Discussion...

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