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Development Impact Fees

Development Impact Fees. Canton, Georgia. What’s Happening?. Canton’s Population to 2015. Future Land Use. Future Land Use. By 2015, Canton Will Add . . . 33,852 more people to its population In 12,642 new homes on 2,489 acres With a present population of 9,711 in 3,627 homes

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Development Impact Fees

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  1. Development Impact Fees Canton, Georgia

  2. What’s Happening?

  3. Canton’s Population to 2015

  4. Future Land Use

  5. Future Land Use • By 2015, Canton Will Add . . . • 33,852 more people to its population • In 12,642 new homes on 2,489 acres • With a present population of 9,711 in • 3,627 homes • More than tripling present population

  6. Future Land Use • By 2015, Canton Will Add . . . • 630 acres of commercial development as contrasted with • 560 acres today • More than doubling

  7. Future Land Use • By 2015, Canton Will Add . . . • 1,212 acres of office park development • Versus 83 acres at present • a 15 fold increase

  8. This Growth Will . . . • Add to the tax base • Going from $300 million to • Over $3 billion

  9. This growth will also . . . • Cost the people of Canton a great deal of money

  10. Growth in Canton will need . . . • Additional Police Protection Improvement 2002 2003 2004 2005 Total Training Facility $200,000 $200,000 New Precinct $30,000 $1,000,000 $1,030,000 911Communication $375,000 $187,500 $187,500 Comm. Towers $10,000 $20,000 $10,000 $197,500 $1,000,000 Totals $227,500 $200,000 $1,625,000

  11. $1,625,000 total police cost • $927,605 assignable to new residences • $73.37 per residence • ¢4.7 per square foot of residential floor area • $697,395 assignable to new businesses • ¢4.3 per square foot of business floor area

  12. Parks, Recreation Areas & Open Spaces

  13. The Etowah River

  14. Etowah River Greenway Master Plan Canton, Georgia

  15. The Etowah River Greenway

  16. Other Parks

  17. And Future Parks

  18. Community Center $10,000,000 Etowah River Greenway Land Acquisition $750,000 Phase I $6,690,432 Phase II $2,281,182 Phase III $4,643,002 Phase IV $2,437,441 Phase V $5,192,863 Other Etowah $5,530,678 Brown Park $100,000 Crisler Park $250,000 Boling Park $450,000

  19. $38,325,598 in Total Cost . . . • $7,881,998 is an existing deficiency chargeable to existing development • $30,443,600 is to accommodate growth and is chargeable to new development

  20. Anticipated Bond Issue to Fund Improvement Program • $40 Million Bond Issue • 29% paid by existing residents • 71% paid by new residents • Average Tax Rate for Debt Service • $1.28 per $1,000 of Taxable Value

  21. $30,443,600 in Growth Cost • 86% chargeable to new residences • $829.42 per Residence • ¢57.2 per square foot of residential floor area • 14% chargeable to new businesses • ¢17.3 per square foot of business floor area

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