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DIMOC 10-08-13 Meeting MinutesMEETING MINUTES OF THE DEVELOPMENT IMPACT MODEL – OVERSIGHT COMMITTEE (DIM-OC) Held in the Planning Department conference room of the Frederick County Administration Building, 107 N. Kent Street, Winchester, Virginia, on October 8, 2013. DIM-OC MEMBERS PRESENT: JP Carr, Bob Hess, John Lamanna, Gary Lofton, Paige Manuel, Steve Pettler, and Kris Tierney DIM-OC MEMBERS ABSENT: Brian Madagan and Roger Thomas STAFF PRESENT: Eric Lawrence OTHERS PRESENT: Patrick Barker, Wayne Lee, and Al Orndorf CALL TO ORDER The Development Impact Model – Oversight Committee (DIM-OC) meeting was called to order at 9:05 AM. Staff provided an overview of the Board of Supervisors’ Business Friendly initiative, and the resulting recommendation that the County consider a reduction in the proffer expectations. On August 14, 2013, the Board referred the recommendation to the DIM-OC for review, evaluation, and recommendation. The referred directive stated: “Reduction in Proffer Requirements The Land Use and Development Subcommittee recommended a reduction in proffer requirements for future rezoning applications, as well as amendments to existing proffers in order to create viable projects that will deliver needed transportation improvements and other benefits. The economics of the current proffer model or development impact model do not allow for construction. The Committee examined the model and determined there were numerous capital items contemplated and incorporated into the model, but those projects were not being built in the current year. It is anticipated none of these government capital projects will be built at any time in the near future, if at all. Further, the Development Impact Model does not fully account for Page 2 Development Impact Model – Oversight Committee Meeting Minutes October 8, 2013 business, personal property tax, or other revenue that is of significant benefit to Frederick County, in addition to property taxes. A re-evaluation of the Development Impact Model taking into account current economic conditions would be appropriate. This recommendation should be referred to the Development Impact Model Oversight Committee for evaluation and recommendation to the Board.” DIM-OC DISCUSSION The proffer expectation is renewed annually as part of the annual DIM update (most recently renewed/updated in June 2013). This process began in 2005 when the Board adopted the DIM, and directed that the DIM be utilized to project the fiscal impacts that land use changes would place on the County’s capital facilities. The County only considers impacts on capital facilities which are consistent with state law and enable cash proffers aimed at mitigating capital facility impacts, but not operational impacts. Additionally, the current proffer expectation solely considers impacts new development places on the County’s capital facilities; the expectation does not contain credits for potential contributions via taxes or proffered improvements. The DIM-OC is now being asked to think beyond simply annually updating the DIM, and to consider policy revisions that affect the degree by which new development should address its projected impacts. After reviewing the DIM, two questions posed to the DIM-OC were: (1) Should credits be included within the DIM’s Proffer Expectation, and (2) What is the best method by which the credit might be incorporated into the DIM’s Proffer Expectation? As part of the discussion, the DIM-OC considered: • New residential building permit trends. It was noted that for the first eight months of 2013, 265 new residential building permits were issued, up 31 percent as compared to the same time period in 2012. If the trend continues, the County could issue 400 building permits for new residential construction by the end of 2013. o Based on trends to date, 2013 will see the greatest number of residential building permits since 2007 when 515 permits were issued. o The years 2009-12 were averaging 286 permits annually. Page 3 Development Impact Model – Oversight Committee Meeting Minutes October 8, 2013 • Capital portion of the FY2014 budget. It was noted that only 1.6% of the current year budget is for capital expenditures. o Or an average of 13% capital/debt over the past 10 years (2003-2012) o If credit is incorporated into the DIM, should the credit reflect the annual portion of the budget dedicated to capital, or a 10 years’ average of capital and debt as a portion of the budget? • The amount of cash proffers received and spent since 1995. The cash proffers account to date (7/2013) o Revenue received : $ 9,427,391 o Expenditures : $ 6,407,874 o Balance : $ 3,019,517 o It was noted that in FY2013, the County received cash proffer payments of $1,185,263. o The increase in cash proffer payments received most probably reflects that more of the new residential construction is occurring in the UDA, and more of the new lots being developed have cash proffer commitments. It is expected this trend will continue as the supply of lots without proffers diminishes. • The cash proffer expectations from other jurisdictions. The DIM-OC discussed the proffer values received from other jurisdictions, and associated policies pertaining to credit for tax contributions and proffered transportation improvements. The DIM-OC learned that our current proffer expectation is lower than many of the jurisdictions located east and southeast of our county. Frederick County’s current proffer expectation for a single family detached house is $19,600 per unit. The proffers from other jurisdictions range from $19,793 to $45,923. Jurisdictions considered included: Loudoun, Prince William, Fauquier, Albemarle, Stafford, and Spotsylvania Counties. It was noted that Prince William County recently directed staff to evaluate its proffer expectation as its School Board believed the values were too low. The DIM-OC began discussions to consider policy revisions which affect the degree by which new development should address its projected impacts. The DIM-OC considered three potential scenarios in which proffer projections might be considered. The DIM-OC considered if the proffer expectation should be reduced, and as to how the DIM/proffer expectation might be revised. It is foreseeable the proffer expectation could be reduced to reflect a policy decision regarding what percentage of projected impacts should be addressed, or to reflect a credit for the contributions that result from new development. Page 4 Development Impact Model – Oversight Committee Meeting Minutes October 8, 2013 These contributions might be in the form of: • Tax contributions that may result from new residential development o This concept would enable the DIM to calculate tax revenue resulting from residential development, and reflect that revenue as a credit against the projected impacts on capital facilities. • Tax contributions that may result from new commercial development associated with a residential development proposal o This concept would enable the DIM to calculate tax revenue that would be generated from a proffered phased commercial component of the rezoning application, and reflect that revenue as a credit against the projected impacts on capital facilities. • Value of proffered capital improvements (such as transportation) that may be considered as an offset from the DIM’s capital impact projections. o Staff did learn that in some jurisdictions, the value of proffered transportation improvements, above and beyond what is generally expected/required by ordinance with a new development, may be utilized as a credit against the projected capital facility impacts. It was noted that proffers are ordinances, and therefore may not be changed administratively. This was an important note because simply reducing an existing cash proffer commitment was neither feasible nor legal for staff to implement administratively. Once proffered by a property owner and then accepted by the Board of Supervisors through a rezoning approval, staff is obligated to enforce the approved proffer statement. Therefore, it is envisioned that should the proffer expectation policy or value be revised by the Board of Supervisors, future rezoning applications would benefit from the credits program. For those rezoning applications that had previously been approved, and remain undeveloped, the property owner could seek a minor proffer revision to renew their cash proffer commitments to reflect the latest DIM and proffer expectation. It was noted that if cash proffer expectations are reduced, the projected capital impacts will remain. In essence, someone has to cover the costs of new residential construction and its impacts on capital facilities; either the developer/homebuilder/homeowner or countywide through contributions from all taxpayers. It was commented that current residents should not be expected to bear the cost of new growth through increased real estate taxes. Page 5 Development Impact Model – Oversight Committee Meeting Minutes October 8, 2013 The DIM-OC felt that offering credit for proffered transportation, above what is typically expected to address transportation mitigation, would be appropriate. This practice is occurring on some of the larger, more heavily transportation-proffered projects. Additionally, the practice of crediting a project reflective of proffered transportation values is also occurring in other jurisdictions. It was noted that projects that offer extensive road rights-of-way such as for planned Route 37 ought to receive credits to mitigate their projected residential impacts. How one arrives at the value of the transportation credit will be through discussions with the applicant, VDOT, and the County Transportation Planner. The DIM-OC felt credits for real estate tax contributions from residential and proffered phased commercial uses warranted additional discussion. At issue was arriving at the projected value of the credit. Based on the FY14 budget, only 1.6% of the budget was dedicated for capital expenditures. Therefore, was it appropriate to only credit 1.6% of real estate tax contributions? On a $400,000 house, at the current 0.585% real estate tax rate, less than $40 a year is contributed towards capital, or less than $800 over 20 years. That does not result in much of a credit to offset the projected $19,600 capital impacts over 20 years. DIM-OC Action. The DIM-OC recommended approval of a policy modification to enable credit for transportation. A resolution for consideration by the Board of Supervisors should accompany the DIM-OC’s recommendation. The DIM-OC will continue discussion regarding possible credits for residential and proffered phased commercial real estate tax revenue. The discussion would further evaluate how budgeted capital and debt obligations should be treated within the DIM, and within the resulting proffer expectation. Next meeting of the DIM-OC will be in late November or early December, 2013. Date and time to be determined. Staff will distribute to DIM-OC, and include with the report to the Board, the materials included in the discussion. The meeting adjourned at 10:45 AM. Page 6 Development Impact Model – Oversight Committee Meeting Minutes October 8, 2013 Support Materials Referenced During Discussion: August 2013 Residential Building Permit Report Jurisdictional Proffer Expectation Comparisons Cash Proffers Received Table PROFFER COMPARISON WITH ADJOINING COUNTIES COUNTY SCHOOLS NON-SCHOOL* TOTAL* TRANSPORTATION SF TH MF SF TH MF SF TH MF SF TH MF Fauquier $21,424 $13,390 $5,951 $7,207 $7,207 $7,207 $28,613 $20,597 $13,158 $0 $0 $0 Prince William $14,462 $11,685 $5,033 $5,331 $5,046 $3,606 $19,793 $16,731 $10,887 $17,926 $15,196 $10,887 Stafford $20,999 $17,228 $9,302 $8,265 $10,522 $9,354 $29,264 $27,750 $18,656 $16,250 $11,375 $6,499 Spotsylvania $18,418 $12,700 $3,473 $6,493 $4,973 $3,523 $24,297 $17,673 $6,996 $8,374 $6,414 $4,544 Loudoun Eastern $37,791 $22,153 $11,294 $21,679 $18,232 $12,464 $59,470 $40,385 $23,758 $0 $0 $0 Central $33,450 $19,608 $9,996 $16,284 $13,695 $9,362 $49,734 $33,303 $19,358 $0 $0 $0 Western $31,024 $18,187 $9,272 $14,899 $12,530 $8,566 $45,923 $30,716 $17,838 $0 $0 $0 *Does not include transportation proffers. Non-school categories vary by jurisdiction, but generally include parks, emergency services, library, solid waste and general government. Neither Fauquier nor Loudoun have defined proffers for transportation improvements. Contributions are defined by the specific impacts on a case-by-case basis. PROFFERS 1995‐2013 Total FY1995 15,423            FY1996 171,035         FY1997 126,082         FY1998 83,516            FY1999 172,182          FY2000 268,464           FY2001 132,668          FY2002 334,236          FY2003 434,810          FY2004 568,650          FY2005 1,018,169       FY2006 956,831          FY2007 734,707          FY2008 824,963          FY2009 882,922          FY2010 473,690          FY2011 263,346          FY2012 780,434          FY2013 1,185,263      *1 Total 9,427,391       *1 7/12‐6/13