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Orange County

Orange County. Economic Development Plan. January 6, 2009. Board of County Commissioners. Outline. Economic Environment Existing Impact Fees Other Jurisdictions Mayor’s Economic Development Plan Impact on CIP Comparisons Next Steps. Outline. Economic Environment Existing Impact Fees

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Orange County

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  1. Orange County Economic Development Plan January 6, 2009 Board of County Commissioners

  2. Outline • Economic Environment • Existing Impact Fees • Other Jurisdictions • Mayor’s Economic Development Plan • Impact on CIP • Comparisons • Next Steps

  3. Outline • Economic Environment • Existing Impact Fees • Other Jurisdictions • Mayor’s Economic Development Plan • Impact on CIP • Comparisons • Next Steps

  4. Economic Environment Residential Permitting Activity Data

  5. Economic Environment Commercial Permitting Activity Data

  6. Economic Environment Residential & Commercial Valuation

  7. Economic Environment Preliminary Subdivision Plan Approvals

  8. Economic Environment Development Review Committee Cases

  9. Economic Environment Recorded Plats

  10. Economic Environment Concurrency Application Reviews

  11. Outline • Economic Environment • Existing Impact Fees • Other Jurisdictions • Mayor’s Economic Development Plan • Impact on CIP • Comparisons • Next Steps

  12. Existing Impact Fees • Effective Dates • Law enforcement November 1983 • Fire rescue January 1985 • Road January 1986 • School* January 1993 • Parks & recreation* March 2006 • * School and parks impact fees are not charged for non-residential development

  13. Existing Impact Fees • Residential • Single Family Home – $17,255 • Road impact fee – $3,713 • School, Parks, Law & Fire – $13,542 • Multi-family Unit – $10,436 • Road impact fee – $2,603 • School, Parks, Law & Fire– $7,833 • Mobile Home – $9,531 • Road impact fee – $1,937 • School, Parks, Law & Fire – $7,594

  14. Existing Impact Fees • Non-Residential • Bank (5,000 sq ft) – $127,884 • Road impact fee – $126,500 • Law & fire impact fee – $1,384 • Medical Office (5,000 sq ft) – $79,689 • Road impact fee – $78,305 • Law & fire impact fee – $1,384 • Restaurant, Fast food (5,000 sq ft) – $144,364 • Road impact fee – $141,550 • Law & fire impact fee – $2,814

  15. Existing Impact Fees • Fee Updates • Annual adjustment to impact fees per ordinance (indexing) • Road 3.0% July • Law 2.5% March • Fire 3.5% March • Parks 7.4% March • School 5.0% January • Mandatory impact fee updates

  16. Outline • Economic Environment • Existing Impact Fees • Other Jurisdictions • Mayor’s Economic Development Plan • Impact on CIP • Comparisons • Next Steps

  17. Other Jurisdictions • Actions Taken • Reduced fees temporarily (Charlotte and Marion Counties) • Suspended fee collections (Desoto, Hendry, and Wakulla Counties) • Not increasing fees despite fee studies (Flagler, Lake, Palm Beach, Volusia, and Sarasota Counties; City of Kissimmee)

  18. Other Jurisdictions • Under Review • Reducing fees temporarily (Citrus and Collier Counties) • Suspending fee collections (Brevard and Sarasota Counties) • Considering reductions targeted to key industries, CRA (City of Winter Garden) • Discussing Task Force recommendations for fee changes (Lake County)

  19. Outline • Economic Environment • Existing Impact Fees • Other Jurisdictions • Mayor’s Economic Development Plan • Impact on CIP • Comparisons • Next Steps

  20. Mayor’s Economic Development Plan • Challenging economic conditions require measures to allow continued development activity and support local businesses • Reducing current impact fees and delaying scheduled fee updates has the potential to grow the tax base and create jobs • Directing growth into urban areas remains a growth management priority

  21. Mayor’s Economic Development Plan • Extend building permits to 12 months • Reduce road impact fees 25% until 2011 for approved growth areas • Defer impact fee payment until certificate of occupancy • Suspend all automatic impact fee increases • Delay scheduled updates on impact fees • Extend concurrency encumbrances and reservations

  22. Mayor’s Economic Development Plan • Extend building permits to 12 months • Currently permits last for 6 months • There is $800 million in projects pending • Extension will encourage project completion

  23. Mayor’s Economic Development Plan • 2. Reduce road impact fees 25% until 2011 • Reduction offers average savings of $4-7 per sq ft • Stimulates commercial development • Applicable to all types of development within approved growth areas

  24. Mayor’s Economic Development Plan Impact Fee Reduction Target Area

  25. Mayor’s Economic Development Plan • 3. Defer impact fee payment until certificate of occupancy (C.O.) • Fees currently paid at building permit • Commercial projects over $1M already deferred • Average payment delayed up to 1 year • Deferral allows customer to maintain financing

  26. Mayor’s Economic Development Plan • 4. Suspend all automatic impact fee increases • Indexing increases fees annually to account for inflation on costs for road construction • Average customer savings of 3% annually • Example: 50,000 sq ft supermarket project could save up to $20,000

  27. Mayor’s Economic Development Plan • 5. Delay scheduled updates on fees • Current study underway to adjust transportation fees • Implementation of study results temporarily delayed

  28. Mayor’s Economic Development Plan • 6. Extend concurrency encumbrances and reservations • Extend concurrency encumbrances to 1 year instead of 180 days • Extend capacity reservations to 5 years instead of 3 years • Allows existing approved projects additional time to begin construction

  29. Mayor’s Economic Development Plan • Plan Sunset • Provisions end March 2011 • Optional extension by BCC

  30. Outline • Economic Environment • Existing Impact Fees • Other Jurisdictions • Mayor’s Economic Development Plan • Impact on CIP • Comparisons • Next Steps

  31. Impact on CIP • Purpose is to promote development activity while maintaining revenues • If revenues do not materialize, Capital Improvements Program may be affected • Federal economic stimulus plan may provide additional revenues for CIP

  32. Impact on CIP • Future projects potentially impacted • Boggy Creek Road R/W Acquisition • Taft Vineland Road R/W Acquisition • Holden Avenue R/W Acquisition • East West Road Construction • Clarcona Ocoee Road (West) Construction • Boggy Creek Road Construction • Holden Avenue Construction • Econ Trail R/W Acquisition • Lake Underhill Road Construction • Alafaya Trail Construction • Innovation Way Construction

  33. Outline • Economic Environment • Existing Impact Fees • Other Jurisdictions • Mayor’s Economic DevelopmentPlan • Impact on CIP • Comparisons • Next Steps

  34. Comparisons Single-Family Residence (per unit)

  35. Comparisons Typical Bank with Drive-through (per sq ft)

  36. Comparisons Typical Medical Office (per sq ft)

  37. Comparisons Typical Fast Food Restaurant (per sq ft)

  38. Outline • Economic Environment • Existing Impact Fees • Other Jurisdictions • Mayor’s Economic DevelopmentPlan • Impact on CIP • Comparisons • Next Steps

  39. Next Steps • Update ordinance to reflect changes (February 2009) • Hold public hearing (March/April 2009) • Plan effective dates (March/April 2009 – March/April 2011)

  40. Orange County Economic Development Plan January 6, 2009 Board of County Commissioners

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