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HomeMy WebLinkAbout10.15.2018 Transportation SDC Methodology Update PPTCity of Eugene Transportation SDC Methodology Update City Council Work Session October 15, 2018 Presentation Outline • SDC 101 • Transportation SDC Council Legislative History • TSDC Documents with related Council actions • Public Hearing Comments • Proposed amendments to the TSDC Methodology 2 Purpose of SDCs • New development funds its fair share of infrastructure costs • Two forms of SDCs - reimbursement and improvement fees • Supports five primary infrastructure systems o Transportation o Parks o Wastewater (local and regional) o Sto rmwate r o Water (EWEB) 3 Use of SDCs • Types of projects funded by SDCs include: o Pavement preservation on arterial & collector streets o Traffic signals and Off-street shared -use paths o Parks land acquisition and development and park rehabilitation o Wastewater system expansion and rehabilitation o Stormwater system expansion and rehabilitation 12 Transportation SDC Legislative History (City Council) • February 28, 2018 Work Session o Review reasons for the TSDC Update o Proposed methodology, rates, and incentives • June 13, 2018 Work Session o Summary of public outreach meetings o Review proposed documents and formal actions to modify TSDC methodology • June 18, 2018 Public Hearing o Receive Public Comments 5 Amendments to Eugene Code • Amendments to Chapter 7 o Clarification of text pertaining to SDC reductions, inflationary increases, credits, and exemptions. o Inclusion of the "Transportation SDC Project Plan" as a capital improvement plan. • Additions to Chapter 7 (Section 7.732) o Impact Reductions o Compact Development Adjustments 0 Resolution adopting TSDC Project Plan • Formal list of projects intended to use SDC revenue o Includes the following information: o Estimate Cost o Projected timeline for construction o Percentage of construction cost eligible for SDC revenue Resolution adopting updates to SDC Methodology documents • Amendments to the following documents: o General Methodology o Appendix A — Definition of General Terms ... o Appendix 6 — Transportation SDC Methodology o Appendix F — SDC Formulas and Fee Schedule 0 a nsnortation Svstem F Ale Eugene 2035 " Transportation System Plan TSDC Project Plan DRAFT May 8, 2018 Project Costs (2014) $114,000,000 $228,000,000 TSDC Grants, Assessments, Development 10 TSDC Rates for 20 most populated cities SINGLE FAMILY DWELLING TSDC RATES $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 -_ $0 =1 I I • 1 I 4�°4°y�4,X404°y'`y^o��a��{`�`��°S�QtS°�,o°;`�~40� Public Hearing Comments • Chamber of Commerce o Supports phased approach for fee increase o Supports 100% exemption forADU • Home Builders Association o Concerns with approving TSP before knowing the financial consequences. o Request to determine which projects to construct without increasing the current TSDC • Walter Custom Homes o Concerns that increasing the TSDC will make it more difficult to provide affordable housing 12 Amendment to Proposed Rate Increase • Phase in rate increase over two years. 0 50 percent of rate increase with initial Council action 0 50 percent of rate increase one year after initial Council action 13 Transportation SDC Incentives = Community Vision & the Seven Pillars • Provide ample economic opportunities for all community members Provide housing affordable to all income levels • Plan for climate change and energy resiliency • Promote compact urban development and efficient transportation options Protect, repair, and enhance neighborhood livability • Protect, restore, and enhance natural resources Provide for adaptable, flexible, and collaborative implementation 13 0 41liv--- LJ Downtown Plan Boundary L rf R ' LICE .■■■.■EN& ALTON BAILER PARK TH �����■■��l A AY _ ::w■■ _ S■■����� so�w w r k THE UNI RSITV OF {)R CON v 21 Envision Eugene Key Corridors 15% a Irvin Irvin RdN- ti I�' i V BMi9 RE • 1 E i 1 8 • n 8 Kinney LpTA Q e fa.._ BBeM1 re Rd CbQ Z � OR t 6N Ibm In O O IeY In ® Need Lt +L P .,enaw 9u Milo W ulA W6Yh.A. Wmn W 11th Ave ra A Z iem a it BIM1AW O 15% 5% Proposed Incentive Criteria Location (only one applies) • Development is within the Downtown Plan Boundary • Residential or mixed-use development fronts on a key corridor Transit Proximity (only one applies) • Residential or mixed-use development is within % mile of an adopted LTD Frequent Transit Network (FTN) Route • Residential or mixed-use development is within % mile of an adopted Frequent Transit Network (FTN) Route Transportation Demand Management (only applicable to developments aualifvinLy under at least one of the above criteria) • Development has a signed transportation demand management agreement with the City Reduction of Transportation SDC* Amendments to Proposed Location= based, transit proximity and transportation demand management incentives • Place an annual financial cap on incentives of $130,000 • Index annual financial cap to Engineering News Record Construction Cost Index • Rollover unused financial cap to next fiscal year Envision Eugene SDC Incentive for Accessory Dwelling Units 25 Amendments to proposed 50% reduction in Accessory Dwelling Unit TSDC • Increase reduction to 100 % for Accessory Dwelling Unit TSDC • Applicable to ADUs and Small Homes of 800 square feet or less • Place an annual financial cap on ADU reduction of $20,000 • Index annual financial cap to Engineering News Record Construction Cost Index • Rollover unused financial cap to next fiscal year Action Requested Direct the City Manager to amend the modifications to the TSDC methodology in response to the comments received in the hearing and the issues raised by the City Council and to schedule action on the TSDC methodology for a future Council meeting. 23