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HomeMy WebLinkAboutAgenda Packet - CC - 08/02/2021 - Packet 2 - CIE Updatei Capital Improvements Element 2021 Annual Update Fiscal Year 2020 (10/1/19-9/30/20) Financial Report & Community Work Program City of Milton, Georgia DRAFT: July 27, 2021 This Capital Improvements Element Annual Update has been prepared based on the rules and regulations pertaining to impact fees in Georgia, as specified by the Devel- opment Impact Fee Act (DIFA) and the De- partment of Community Affairs (DCA) docu- ments Development Impact Fee Compliance Requirements and Standards and Proce- dures for Local Comprehensive Planning. These three documents dictate the essential elements of an Annual Update, specifically the inclusion of a financial report and a schedule of improvements. According to DCA's Compliance Require- ments, the Annual Update: "must Include: 1) the Annual Report on Impact fees required under O.C.G.A. 36- 71-8; and 2) a new fifth year schedule of Improvements, and any changes to or re- visions of previously listed CIE projects, Including alterations In project costs, pro- posed changes in funding sources, con- struction schedules, or project scope." (Chapter 110-12-2-.03(2)(c)) This Annual Update Itself is based on the City of Milton's Capital Improvements Ele- ment, as adopted by the City September 21, 2015. ' Note that DCA's Compliance Requirements specify that the work program is to meet the requirements of Chapter 110-12-1-.04(7)(a), which is a reference to the work program requirements in a previous version Financial Report The Financial Report Included in this document is based on the require- ments of DIFA, specifically: "As part of its annual audit process, a municipality or county shall pre- pare an annual report describing the amount of any development Impact fees collected, encumbered, and used during the preceding year by category of public facility and service area." (O.C.G.A. 36-71-8(c)) The required financial information for each public facility category appears in the main financial table (page 2); each of the public facility categories has a single, city-wide service area. The sta- tus of all impact fee projects, by public facility category, is shown on the ta- bles on pages 3, 4, 5 and 6. The City's fiscal year runs from Octo- ber 1 to September 30. of the Standards and Procedures for Local Com- prehensive Planning. The correct current de- scription is found at Chapter 110-12-1- Introduction Schedule of Improvements In addition to the financial report, the City has prepared a five-year schedule of im- provements —a community work program (CWP)—as specified in DCA's Compliance Requirements (Chapter 110-12-2- .03(2)(c)), which states that local govern- ments that have a CIE must "update their entire Short Term (i.e., Community] Work Programs annually.")'. According to DCA's requirements,z the CWP must include: • A brief description of the activity; • Legal authorization, if applicable; • Timeframe for undertaking the activity; • Responsible party for Implementing the activity; • Estimated cost (if any) of Implementing the activity; and, • Funding source(s), if applicable. All of this information appears in the Com- munity Work Program portion of this docu- ment, beginning on page 7. .04(2)(b)1. 2 Chapter 110-12-1-.03(3). City of Milton 2021 CIE Annual Update DRAFT 7/27/21 page 1 Financial Report IMPACT FEES FINANCIAL REPORT - CITY OF MILTON, GA Fiscal Year 2021 City of Milton Annual Impact Fee Financial Report- Fiscal Year 2020 Impact Fee Fund Balance October 1, 2019 $ 2,492,082.07 $ 253,632.65 $ 60,012.33 $ 165,135.46 $ 33,331.34 $ 3,004,193.85 Impact Fees Collected (October 1, 2019 through September 30, 2020) $ 658,800.60 $ 60,593.16 $ 10,574.32 $ 76,354.25 $ 24,190.03 $ 830,512.36 Subtotal: Fee Accounts $ 3,150, 682. 67 $ 314, 225. 81 $ 70, 586. 65 $ 241, 469.71 $ 57, 521.37 $ 3, 834, 706.21 Accrued Interest $ 1,467.32 $ 130.83 $ 22.81 $ 163.90 $ 53.55 $ 1,838.41 (Impact Fee Refunds) $ - $ - $ - $ - $ - $ - (Expenditures) $ (895,335.99) $ - $ (70,012.11) $ (234,135.38) $ (8,452.00) $ (1,207,935.48) Impact Fee Fund Balance $ 2,257,014.00 $ 314,356.64 $ 597.35 $ 7,518.23 $ 49,122.92 $ 2,628,609.14 September 30, 2020 Impact Fees Encumbered $ 2,257,014.00 $ 314,356.64 $ 597.35 $ 7,518.23 $ 49,122.92 $ 2,628,609.14 ' 3% ofthe fees collected for the public facility categories represents 99.999% of the collected Adminstration fees due to a rounding error in the automated collection system. The 360, which is an overage of only.001 %,will be accounted for in ne)Q year's report. City of Milton 2021 CIE Annual Update DRAFT 7/27/21 page 2 Start Date I Date End I LoePMi�t of Impalct Fees (from mpaet ngfrom Max Ing Fees' I I mpad Fees Expanded Park Land (455 acres) 2017 2035 $ 68,665,646.59 67.39% $ 46,275,786 85 S 895,33589 $ Conservation Easements (2747 ac) 2017 2035 $ 37,687,219.02 41.44 % $ 15,616,326.67 $ - Land for Trails (110 acres) 2017 2035 $ 22,637,026.35 41.39 % $ 9,369,796.00 $ - Baseball Fields (8) 2022 2035 $ 2,416,978.76 63.80% $ 1,541,931.23 $ - $ Football/Soccer/Lacrosse (2) 2022 2035 $ 277.625.94 89.85% $ 249.433.52 $ - Basketball Courts (11) 2023 2035 $ 898,201.57 42,18% S 378,85288 $ Playgrounds (Structured) (34) 2020 2035 $ 1,665,755.63 42,89% $ 714,408.29 $ - $ Picnic Shelters / Paulions (34) 2022 2035 $ 4,997,266.90 42.89% $ 2,143,224.88 $ - Community Centers (4) 2023 2035 $ 2,605,646.33 42.53% $ 1,108,195.49 $ - Multi -Use Trails (90.76 miles) 2020 2035 $ 62,195,885.85 42.48% $ 26,419,298.43 $ - Financial Report Impact Fees Totsllmpaet Expended Fees Expended Impost Fees revious Yam) to Date Encumbered StatudRemarks Traihead Park, Mayfeld Farm Park, Won Canty Club, Cox Road 856.396.45 $ 1,751,732.44 $ 1,209,192.00 Complex S 12,760.00 $ 12,76000 BUMC basebal fell lease $ - $ 1,017,108.00 S - 21,445.00 $ 21,445.00 Broadwel Park S S S AN msts are Net Present Value per CIE adopled Seplenber 21, 2015. Maxkrum finding based on percent krpactfee eligible. When impact lees are bifally calugled for proposed project% hey are based on estnetd cess, and he percentage of he asinine teat is irrpactlee eligible s calculated based on he Level of Service standards in he Capital Irrproverrents Element which yielded he proporfon of he project hats required In meet he needs of future growh and develop. ment Men a projects mrryleled, tie acleal oost is hen known and, based on he percentelgUe br inpactfse finding, he acbal amountof impacts a odlecions hatan be expended on he project is revised accordingly so hat tie proporional share of he project atibutable b new growh and developments not exceeded. NOTE: For projects fiat are not 100 % impact fee bnded, finding maybe provided tomtie General Fund, he Capital Projects Fund or otter trial taaafon sources, as delerrrined during tie annual budgetadopfon process. City of Milton 2021 CIE Annual Update DRAFT 7/27/21 page 3 Financial Report Project Project Maximum%of Fx 20211 Impact tees foullmpact Start End Local Cost of Funding from Max Funding Impact Fees Expended Fees Expended ImpactFass Project Description Date Date Project' Impact Fees from Inpact Fees' Expended (Previous Yeah) to Dale Encumbered StaluslRemarks acilities Emergency Warning Sirens 2014 2035 $ 216,329.00 41.44% $ 89.646,74 $ - $ - Recoupnentcoss fur exsfng sirens Storage Facility 2017 2019 $ 267,096,40 100.00% $ 267.09640 $ - 40,251.00 $ 40,251.00 $ - Conps6d Fire Station 42 Replacement 2020 2022 $ 1,389,243,43 40.DD% $ 555,697.37 $ - $ - $ 314,356.64 Training Facility 2017 2017 $ 430,176.66 100,00% $ 430,176,66 $ - S 50,000.00 $ SO,000.00 Completed Westside Fire Station 2024 2026 $ 1,501,562.50 100.00% $ 1,501,562,50 $ - $ - Hwy 9 Fire Station 2017 2020 $ 1,194,623.89 66.67% $ 796.455.75 $ - $ - Completed General Vehicle 2015 2015 $ 38,609,80 100.00% $ 38,609.80 $ - $ - Completed Heavy Vehicle 2016 2016 $ 453,D66.46 100.00% $ 453,066.46 $ - $ - Conplebd General Vehicle 2022 2022 $ 39,442.62 100.00% $ 39,442.62 $ - $ - Heavy Vehicle 2018 2018 $ 462,939.28 100.00% $ 462,839.28 $ - $ - Conplabd General Vehicle 2022 2022 $ 40,725.67 100.00% $ 40,725.67 $ - $ - Heavy Vehicle 2022 2022 $ 477,895.17 100.00% $ 477,895.17 $ - $ - Completed General Vehicle 2024 2024 $ 42,050.45 100,00% $ 42,050.45 $ - $ - Heavy Vehicle 2024 2024 $ 493.440,83 100.00% $ 493,440.83 $ - $ - Heavy Vehicle 2027 2027 $ 509,492,17 100.00% $ 509,492.17 $ - $ - General Vehicle 2029 2029 $ 43,884.11 100.00% $ 43,884.11 $ - $ - Heavy Vehicle 2030 2030 $ 526.065.66 94.36% $ 496,408.38 $ - $ - General Vehicle 2033 2033 $ 45,79772 94.36% $ 43,215.84 $ - $ - Heavy Vehicle 2033 2033 $ 543,178.27 0.00% $ - $ - $ - General Vehicle 2034 2034 $ 47,287.49 0.00% $ - $ $ S 8.762.807.S8 I S 6.781.706.20 1 S - S 90.251.00 1 S 90.251.00 S 314.356.64 Al costs are Net Present Value per CIE adopted September 21, 2015. Maximum funding based on percent irrpact W eligible. Men inpactbes are inllally celucebd for proposed projects, hey are based on esirmbd costs, and he percentage of he estimate hat is impact fee eligible is calculated based on he Level of Service standards in he Capital hrprovemens Element which yeloed tie proporion of he project that is required In meet he needs of future growh and develop- ment Men a project is oo pbbd, he actual cost is tien known and, based on tie percent eligible for impact See funding, he actual amount of irW fee colecions hat can be expended on he project is revised accordingly so hat he proportional share of he projard abhbutable to new growth and development s not exceeded. NOTE: For pro" hat are not 100% mpacttee bnded, bridling may be provided from he General Fund, be Capital Pro)ects Fund or oher local taxalon sources, as debrmned during he annual budget adoplon process. NOTE: For pro" hathave been completed and paid br (or are notelgble br inpactfee funding), he cells in he'FY2020 Irrpact Fees Expended' cobrm are shaded out mdicaing fiat no krpactle s or addi anal impact fees w8 be expended on those projects. City of Milton 2021 CIE Annual Update DRAFT 7/27/21 page 4 Financial AN costs are Net PresentVaue per CIE adopted September 21, 2015. Maximum Wding based on percent impact be eligible. Men impact Les are nifally ralucaled tix proposed projects, hey are based on esineld costs, and he percentage ofhe esfrre& hat is urpacttee eligible is calculated based on he Level of Service standards in he Capital Improvements Element which yielded he proportion of he project hat is required to meet he needs of cure growth and develop ment Men a project is completed, he actual costs hen known and, based on he percent eligible for impact fee kinding, he actual amount of impact fee collections teal can be expended on he projects revised accordingly so that tie proportional share of he project ahibutebte b new growth and developments not exceeded. NOTE: For projects that are not 100% impact fee kindled, tending may be provided tom he General Fund, he Capital Projects Fund or other local taxation sources, as detemned during he annual budget adoption process. City of Milton 2021 CIE Annual Update DRAFT 7/27/21 page 5 Financial Public Facility: Responsible Party: Roads Public Works Project Project Maximum %of act Fees Total Impact Start End LOCI Cost of Funding From Max Funding pended Feces Ezpendsd Impact Faaa Project Description Date Date f+roJxt' Impact Faces from Impact Faae'oua Vann) to DHa Enambaed StatoslNanrks harsecmi.fiopeweMForciVCogWn 2014 2014 S M103.DO40.1%$ 397.918.39S - � Complete S 85,2118.DD 40.156 Compels Plwy @ Moms Rd 2014 2D14 Jee. S 34,174.91S - - @Corwn, 2014 2114 S 446,92300 40.1% $ 179,254.45S Completerkrsecbom-Amdd S lu 3DO.Do 40.1% S 125,650.17@Providehca Mil@New Providence 2014 2016 2014 2D14 S 852,581.00 40.1% S 341,958.10@Birmirghan^ 2015 2015 8 1,700234 40.1% $ 8al.=696000.00 S %,000.00 Cbrrpteb $ _-_ InbrsecoonCiapyple@Sinnott. 2014 2018 $ 1,353,263.94 40.1% E 542,774.90 _ Complete Tm Mtlbmdam Pbmupdwe 2015 1 2016 IS 231,D44.84. 40.1% $ 926813.BD S - Co"T" - -... ForeyMDOT b tmd Interchange, McGbrs Ferry Iraahape 2D15 2D75 $ 51,343.30 40.1% $ 20,5%.D7 $ - CY bin In with Morro Rd Crmappe NE Connector Rd 2017 2020 S 2.581.434.50 40.1% $ 1,035,375.511 $ - Conpteb $ _-_7,518.23 Sidge Redwna4Pnpan 2D14 2035 S 2445,358.07 40.1% S 9W 798.32 S - $ - Ongoing Program _ IrterexWhFreenwwtes® ProvMacali 201S 2022 $ 2,409,376.80 40.1% S 966,386.34 $ 234,135,38 S 205,96108 S 440.098.46 Phase l Complete Phase 2b 2022 hareadwasm a Bathe Bad 2014 2026 S 173,168A5 40.11E $ 69,455.24 S GDOT to tend shortbrm and long arm Improvement - SS rw Inecbw RdTMnlaee 2015 2015 E 189,970.20 40.1% S 76,194.34 Couplets @ Providence 207fi 2023 S 7 _ 401 $ 719560.72 EIraaxbrv8drry -_ - $ IranecbnHopewel@ glory BerW Way 20152022 $ 3,346,503.60 40.1% S 1,342.234,95 S - S _ Phase 1 Complete Phase 21n 2024 InbnacbnNopweo @ Redd Road 2D15 2024 r S 123,223.91 40.1% E 49,423.36 $ - IrbaxbnHapwel@Harty . 2020 _.._ 2022 $ 1,412,239.23 40.1% $ 566,429.05 $ S - IrareaarrHope.M@Thorns. 2021 2022 1.439.668.46 40.1% $ 577430.53 $ - E - Concept study to detemine More cost CriapceSEBancbr 2025 2025 _$ S 180,587.44 40.1% $ 72,43105 $ - _ S - _ _ HapeeeMllamby, Reed Will" 2030 2030 $ 7,991,049.35 40.1% $ 3,205,095.16 S - _ Maya RerlWHawp - 2024 2024 S 9,125,056 7 40.1% $ 3,659,930.39 $ - S - - 13538 f 301,%1.OB f 536,0%A6 $ 7,5823,7 AI costs are Net Present Value per CIE adopted Sepbnber 21, 2015, exmptas noad voh -,which are aural cost. Maximum bndig based on percenturpzcbe ekble. `Mien impact fees are initially caluabd br proposed projects, they are based on esbread cost, and be percentage of he esoe a thesis mpactbe eligible s pkubbtl based on be Level of Service standards in be Capital brprovenenb Summit whirr yielded tie proportion of he projectthats required b meettie rieeds of bore growth and develop rent Men a projecis competed, he acbal cost is hen law and, based on fie percentegba br inpactlae brtlmg, he actual amountolinapa flee colactions thatan be expanded on he projecla revised accordingly so that he proportional share of he projeca8ibuteble In new growth and developments nolexceeded. Acbal mstigures relabel a inpacfm bndirg shown br his project NOTE: For project hat are not 100% inW fee tended, bndbg may be provided tom to General Fund, he Capital Projects Fund or oher local taxation sources, as determiied during he annual budget adoption process. NOTE: For project hat have been conpated and paid for (or we notetgide or InW fee tending), he als in ta'FY2020 Impact Fees Expended' column are shaded out indicating hat no irpacttees or addlbnal Impact lees will be expanded on those project. City of Milton 2021 CIE Annual Update DRAFT 7/27/21 page 6 L a6ed IZ/LZ/L iAVba aaepdn lenuuy 3]D TZOZ uojj!W jo AI!:) sieaAleJanasJano I punjlejauag 684'80Z'T$ uo!leaj3aa X X X X spla!j l!egaseg y al�njlsuooa of lelol s a! P q PI )9 aaa l3edw! 1 %6L'£9 ue ied P �I - - — - ----------- - - punA lejauag'l!ejl -- osa•!w I) lied asn-!11^W I lol saaj hedwl %84'Z4 ia4la4s 3!u!d / uo!l!ned I :ia;lays 3!u3!d/uo!l!ned i OsZ'I88$ uo!leaj3ay X X (palnAnlls) punoiRAeld I pue punoiSAe ld pue slied :ill ed awap!Awd uoj saaj l:)edwl %68'Zb anadwl pue u8!sa0 a8eJane!enuue sjjoM3!!gnd Allenuue8uio8-up punj!elauag palewllsa /uogeoi3ay X X X X X spell 'saaj pedwl %84'ZO 000'ELZ'E$ pue sMled asn-!llnw ouop:)nj3suo:) - anss1 puog'sl!ealasn -- ---- - !llnwjojsaajhedwl a8elanelenuue sl!eilasn- !;lnwpue spuogolaJ!nJaslgap8u!o8-u0 %6E'I4'Ruawasea palew!lsa uolleanay X X X X X RUawasea=eNaSOo3lo) ' uo!lenlasuw 000'SLI'£$ pue s�!led wel8old uo!1!s!nb3e anu!luo0 jol saaj hedw! %44'I4 X X X spueldied lol wel8old a8eJane!enuue anss!puo8 uo!leai3aa X X spuog01@11AJaslgapbulo8-up ,saaihedwl%6£'L9 palewllsa pues�lled uo!3!s!nbaepue!anu!luo0 000'4I9'£$ 1. uo!leueldx3 /saloN saojnog 2uipund alewils3 A;Jed N o N 0 N 0 N 0 N o uoildu3soa loafoJd Iso9 alq!suodsaa sloaloJd a!q!6!l3 aa3 1:)edwI - weJ6ojd 1!aoAA Al!unwwo:) 9ZOZ-ZZOZ ,veld anlsuayajdwo:) ay; ul (dM,) wej60Jd IIioM A;!unwwo:).ja;sew ay; spuawe Agauag4 pue'9ZOZ-ZZOZ popad.jeoA-5 944.19noo of palepdn ':podai alepda lenuuy 3IJ slg4 jo IJed se paplwgns sl sloafad aaj:pedwl;o 6ups!I 6ulMolloJ ayl wem6ad )IjoM Allunwwo:) Community Work Program 2 Footba I I /Soccer/La cross e X Parks and $277,626 89.85% impact fees; Recreation General Fund 2 Basketball Courts _ X Parks and I X $163,309 42.18% impact fees; Recreation General Fund 1 Playground (Structured) X Parks and $21,012 42.89%impactfees; I Recreation General Fund 1Picnic Shelter/ Pavilion X Parks and $63,036 42.89% impact fees; Recreation General Fund Design and constructa Parks and $651,412 42.53%Impact Fees; Preparation of concept plans community center X X X Recreation General Fund could begin in 2023 Replace Fire Station 42 X Fi re/ T $1,389,243 40% impact fees; Completion in2022 Administration General Fund Construct WestsideFir e Fire/ X X X $1,501,562 66.67%impact fees; Completion anticipated in 2026 Station Administration General Fund Purchase heavy vehicle X Fire/ $477,895 100%impactfees Administration Purchase general vehicle (2) X Fire/ $80,168 100% impact fees Administration Purchaseheavyvehicle X Fire/ $493,441 100% impact fees Administration Purchase general vehicle X Fire/ $42,050 100% impact fees Administration Design and construct law Police/ $4,499,285 41.44% impact fees; Enforcement Center X Administration General Fund City of Milton 2021 CIE Annual Update DRAFT 7/27/21 page 8 Project Description N o N N 0 N N Responsible Cost 0 -. 9-4 km Party ,Agstimate Bridge Replacement Program X X X X X Public Works $2,445,358 Intersection-Freemanville@ X Public Works $2,409,376 Providence & B'ham Intersection -Bethany @ I X X Providence Intersection -Hopewell @ Hamby X Intersection -Hopewell @ Thompson X Intersection -Hopewell @ Bethany Bend/Bethany Way_ X _ Intersection -Hopewell @ Redd Road _ X X X Crabapple SE Connector X Morris Road Widening - X Community Work Program Funding Sources Notes/ Explanation 40.1%impact fees; Annual improvements TSPLOST To be completed in phases; 40.1%impact fees; Phase 1 completed in 2019 TSPLOST (Freema nvi I I e@ Provi dence), Phase 2 to be completed in 2022 Public Works $1,794,032 40.1% impactfees; TSPLOST Public Works $1,412,239 40.1%impact fees; TSPLOST Public Works $1,439,668 40.1% 1 mpa ct fees; TSPLOST _ Public Works $3,346,504 40.1%impact fees; TSPLOST 40.1%impactfees; Phase I complete, Phase 2 to be PublIcWorks $123,224 TSPLOST - completed in 2024 Public Works $180,587 40.1%impactfees; Concept Study to determine General Fund future costs Public Works 59,125,057 40.1%impactfees; TSPLOST City of Milton 2021 CIE Annual Update DRAFT 7/27/21 page 9