MIRAMONTE TOWN HOME COMMUNITY MIRAMONTE TOWNHOME COMMUNITY - - PowerPoint PPT Presentation

FORT APACHE HOMES LLC

MIRAMONTE TOWN HOME COMMUNITY

MIRAMONTE TOWNHOME COMMUNITY

MIRAMONTE TOWNHOME COMMUNITY

PART OF MIRAMONTE PLANNED DEVELOPMENT (NUD)

LMDR 14 32+- ACRES 448 UNITS

MIRAMONTE TOWNHOME COMMUNITY

448 UNITS 2 & 3 BEDROOMS 2 CAR GARAGES 1640 TO 1742 SQ. FT. 302 SURFACE PARKING SPACES

MIRAMONTE TOWNHOME COMMUNITY

RECREATION FACILITIES

GROUP PICNIC AREAS VOLLYBALL COURTS BASKETBALL COURTS FIT STATIONS AND RUNNING TRAIL PLAYGROUND CENTRAL COMMUNITY BUILIDING POOL & PLAYGROUND EXERCISE ROOM KITCHEN & BAR LOUNGE PARTY AND MEETING ROOMS MAIL ROOM OFFICES ETC. 3000 VS 9000 SQUARE FEET

MIRAMONTE TOWNHOME COMMUNITY

166 ACRES - 21% DEVELOPED – 4 % ACCESS ROADS – 82% UNDISTURBED O.S.

MIRAMONTE TOWNHOME COMMUNITY

• Intro to Fiscal Impact Analysis

– Estimates Revenues generated by the Project

• Property taxes, sales taxes, licenses, permits, etc.

– Estimates Expenditures required to serve the Project

• Police services, fire protection, general government,

etc.

• Key Methodologies and Assumptions

– Case studies – Average cost/ revenue multipliers

MIRAMONTE TOWNHOME COMMUNITY

• Key Issue: Sales Tax Revenue

– New housing development is required to in order to serve countywide growth.

• The County is experiencing healthy growth rates, a trend that is

anticipated to continue into the foreseeable future.

• Growth is a function of net in-migration and natural growth rate

(birth rate minus mortality rate)

– The Project will accommodate 448 new households (less the vacancy rate).

• For households that originate from elsewhere in the County, their
• ld house will be re-occupied.

– This growth in households will drive new taxable sales in the County.

• Sparks receives a percentage of Countywide taxable sales.

MIRAMONTE TOWNHOME COMMUNITY

• Results:

– Project is estimated to create a net fiscal surplus

• f approximately $220,000 over a 20-year period.
• Average of $11,000 per year.

– Majority of revenues come from property taxes (67% of total revenues). – Majority of expenditures come from Police (38%

• f total expenditures), General Government

(26%), and Fire (19%).

TRAFFIC IMPACT STUDY

STUDY AREA

PROPOSED IMPROVEMENT

POLICY LEVEL OF SERVICE

MIRAMONTE TOWNHOME COMMUNITY

AREA MAP

BASIS OF TRAFFIC VOLUMES