Orange County School Impact Fee Update Planning & Zoning Commission February 18, 2016 Tindale Oliver Presentation Overview Background/Purpose 1 Findings of Technical Study 2 Next Steps 3 2 Tindale Oliver Orange County Page 1 February 18, 2016 Planning & Zoning Commission
Background • Last technical study update in 2011 • The ordinance requires an update every 4 years Background School Impact Fee Advisory Group: • Formed in 2005 • 7 members Purpose: • Methodology review/development Tindale Oliver Orange County Page 2 February 18, 2016 Planning & Zoning Commission
Purpose • Review findings • Input from PZC Study Schedule Group Date Purpose SIFAG Meetings (5) Aug ‘15 – Feb ‘16 Review Methodology School Board Workshop Jan 19, 16 Review Findings DAB Presentation February 17 Review Findings PZC Presentation/Approval Feb 18/Mar 17 Review/Approve Findings Review Findings & SIFAG BCC Workshop April 5 Recommendations SIF AG Meeting # 6 April 7 Final Review School Board Meeting TBD Final Recommendations Adoption (+ 90 days for Adoption Hearing TBD implementation) Tindale Oliver Orange County Page 3 February 18, 2016 Planning & Zoning Commission
Presentation Overview Background/Purpose 1 Findings of Technical Study 2 Next Steps 3 7 School Impact Fee Methodology • Consumption ‐ based methodology – Charge growth for the value of consumption of school capacity Tindale Oliver Orange County Page 4 February 18, 2016 Planning & Zoning Commission
Impact Fee Formula Net Impact Fee = (Cost – Credit) x Demand Asset Value Non ‐ Impact Students per Student Fee per Revenue Residential per Student Unit School Impact Fee Methodology Elements of fee methodology: – Inventory – Facility service delivery – Cost component – Credit component – Student generation rate Tindale Oliver Orange County Page 5 February 18, 2016 Planning & Zoning Commission
Cost Component • Facility Cost per Student Station: – All costs necessary to build schools Architect/site improvements Construction Furniture, fixtures, and equipment (FF&E) Land purchase Cost Component • Construction Cost: – 2009 ‐ 2015: • 6 Elementary Schools • 2 Middle Schools • 2 High Schools Tindale Oliver Orange County Page 6 February 18, 2016 Planning & Zoning Commission
Cost Component • School Costs Reviewed (Report Table B ‐ 2): – SunRidge ES – Hackney Prairie Road Area ES – Sun Blaze ES – Wetherbee ES – Eagle Creek ES – Independence ES – SunRidge MS – Lake Nona MS – East River HS – Lake Nona HS Schools Built Between 2009 and 2015 Tindale Oliver Orange County Page 7 February 18, 2016 Planning & Zoning Commission
Cost Component Construction Cost – Elementary Schools: OCPS Elementary School Construction Cost Trend (New Schools Only) $220 Construction Cost per Gross Square Foot $200 $161 ‐ Bid for Site 117 $180 $160 $140 $145 ‐ 2007 $135 ‐ 2015 Elem. Study $120 School Estimate $100 $100 ‐ 2011 Study $80 2007 2011 2012 2013 2015 Cost Component Construction Cost per Gross Square Foot Type Elementary Middle High Weighted Recent Construction $108 $115 $153 Bids $161 N/A N/A CIP Estimates $181 $211 $227 Insurance Values (Bldg Only) $140 $166 $177 Other Florida Jurisdictions $140 $148 $136 2015 Estimate $135 $155 $175 $153 Tindale Oliver Orange County Page 8 February 18, 2016 Planning & Zoning Commission
Cost Component Construction Cost – All School Levels All School Types ‐ Construction Cost/GSF Trend $220 All School Types 2007 Study ‐ $190 Construction Cost per Gross Square Foot $200 2015 Study $180 Estimate ‐ $153 $160 $140 $120 $100 2011 Study ‐ $113 $80 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 Cost Component Construction Cost per Gross Square Foot Comparison to Previous Studies 2007 2011 2015 % Change Type Study Study Estimate (2011 ‐ 2015) Elementary Schools $145 $100 $135 +35% Middle Schools $173 $116 $155 +34% High Schools $209 $132 $175 +33% Tindale Oliver Orange County Page 9 February 18, 2016 Planning & Zoning Commission
Cost Component • Other Building Costs: – Non ‐ construction costs: A/E, Design, Site Improvement, Facility Support, etc. – Furniture/fixture/equipment Cost Component • Comparison to Previous Studies Component 2007 Study 2011 Study** 2015 Estimate Non ‐ Construction* 25% 22% / 18% 19% FF&E 6% 9% 9% Total 31% 31% / 27% 28% * Includes A/E, design, site preparation, & facility support ** Non ‐ construction cost at 22% for ES & MS; and at 18% for HS Tindale Oliver Orange County Page 10 February 18, 2016 Planning & Zoning Commission
Cost Component • Land Value: – Recent Purchases – Future Estimates – Value of Existing Parcels – Vacant Land Sales & Values Cost Component • Land Purchases > 10 acres (2008 ‐ 16)*: – 131 ‐ K8 ‐ SW ‐ 5 – 87 ‐ M ‐ SE ‐ 3 – 81 ‐ E ‐ SW ‐ 5 – 48 ‐ M ‐ SW ‐ 4 – 30 ‐ E ‐ SE ‐ 3 – Forsyth Woods ES – 3 ‐ E ‐ SE ‐ 2 – Site # 37 –M ‐ W ‐ 4 – 117 ‐ E ‐ SE ‐ 4 – 52 ‐ M ‐ SE ‐ 2 – 23 ‐ E ‐ E ‐ 1 – 2 ‐ M ‐ E ‐ 1 – Lake Nona MS Weighted Average ≈ $158,000 * Report Table B ‐ 8 Tindale Oliver Orange County Page 11 February 18, 2016 Planning & Zoning Commission
Cost Component • Land Value Variables Value per Acre Component Average Range Recent Purchases (10+ acres) $158,000 $20,000 $945,000 Value of Current Parcels $55,000 $9,100 $496,000 Future Estimates (15 to 50 acres) $348,000 $23,000 $500,000 Vacant Land Sales (5 – 90 acres)* $105,000 $10,000 $798,000 Vacant Land Values (5 – 90 acres) $44,000 $10,000 $472,000 * Sales between 2012 and 2015 Cost Component • Land Value Comparison to Previous Studies Component 2007 Study 2011 Study 2015 Estimate Value per Acre $80,000 $65,000 $100,000 Tindale Oliver Orange County Page 12 February 18, 2016 Planning & Zoning Commission
Cost Component Gross Square Feet per Permanent Station % Change 2011 Study 2015 Study (2011 to 2015) Component GSF per Permanent Student Station Elementary Schools 124.1 110.0 ‐ 11% Middle Schools 125.1 129.4 3% Senior High Schools 127.1 133.1 5% Cost Component • School Facility Cost per Student Station Weighted Cost Component Elementary Middle High Average Gross Square Feet per Student Station (LOS) 110.0 129.4 133.1 123.4 – Future Schools Total Facility Cost per Gross Sq. Ft. $189.10 $213.10 $240.90 $211.70 $20,801 $27,575 $32,064 $26,123 Total Facility Cost per Student Station 26 Tindale Oliver Orange County Page 13 February 18, 2016 Planning & Zoning Commission
Cost Component Cost per Student Station Comparison to Previous Studies 2007 2011 2015 % Change Cost per Station Study Study Estimate (2011 ‐ 2015) Elementary $25,396 $16,997 $20,801 Middle $34,693 $20,416 $27,575 High $40,377 $23,284 $31,064 Weighted $36,422 $19,463 $26,123 34% Cost Component • Total Facility Impact Cost per Student Weighted Calculation Steps Elementary Middle High Average $20,801 $27,575 $32,064 $26,123 Facility Cost per Permanent Student Station 110% 100% 100% N/A Adopted LOS Standard (Enrollment to Permanent Capacity) $18,910 $27,575 $32,064 $25,468 Total Facility Impact Cost per Student 28 Tindale Oliver Orange County Page 14 February 18, 2016 Planning & Zoning Commission
Cost Component • Total Cost per Student: – Transportation Costs – Ancillary Facility Costs Cost Component • Transportation & Ancillary Facility Cost per Student Description Figure Transportation Services Cost per Student Total Current Value of Transportation Services $153,246,946 Current Enrollment 186,276 Total Transportation Services Cost per Student $823 Ancillary Facility Cost per Student Building Value for Ancillary Facilities $124,015,320 $17,900,000 Land Value for Ancillary Facilities Total Current Value for Ancillary Facilities $141,915,320 $762 Total Ancillary Facility Cost per Student 30 Tindale Oliver Orange County Page 15 February 18, 2016 Planning & Zoning Commission
Credit Component • Capital Improvement “Cash” Credit – Sales Tax – Capital Millage • Debt Service Credit Net Impact Cost • Net Impact Cost per Student Total Impact Cost Per Student Facility Impact Cost $25,468 Transportation Impact Cost $823 Ancillary Facility Cost $762 Total Impact Cost per Student $27,053 Revenue Credit Capital Improvement “Cash” Credit $4,284 Debt Service Credit $1,704 Total Revenue Credit per Student $5,988 Net Impact Cost Net Impact Cost per Student $21,065 32 Tindale Oliver Orange County Page 16 February 18, 2016 Planning & Zoning Commission
Student Generation Rate • Student Generation Rate Comparison (2011 vs. 2015) % Change 2011 2015 Residential Land Use (2011 ‐ 15) Single Family (detached) 0.431 0.417 ‐ 3.2% Townhouse 0.329 +27.0% 0.259 Multi ‐ Family 0.281 +8.5% Mobile Home 0.287 0.289 +0.7% Total 0.360 0.360 +0% 33 School Impact Fee Schedule • Calculated School Impact Fee Schedule Net Impact Total Students Residential Land Use Unit Cost per Impact per Unit Student Fee 0.417 $21,065 $8,784 Single Family (detached) du 0.329 $21,065 $6,930 Townhouse du 0.281 $21,065 $5,919 Multi ‐ Family du 0.289 $21,065 $6,088 Mobile Home du 34 Tindale Oliver Orange County Page 17 February 18, 2016 Planning & Zoning Commission
Recommend
More recommend
