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Home My Public Portal AboutFW_ TIF 2016-02-09From:Becky Bucar To:"Pat Davison" Cc:Dan Wilkins; "Alex Heyman"; "Alexis Ollar (alexis@mapf.org)"; "arosenfeld@TahoeDonner.com"; Bonnie Thompson ; "Dale Creighton"; Dan Wilkins; "Gordon Shaw"; "jfj@surewest.net"; John McLaughlin ; "jrfintel@outlook.com"; Judy Price ; "leslie@lsctahoe.com"; "Owens, Ted (towens@TFHD.COM)"; "Pat Davison (pat@ca-tt.com)"; Patrick Flora; "Todd Rivera (trivera@ttusd.org)"; Tony Lashbrook Subject:FW: TIF Date:Tuesday, February 09, 2016 10:46:26 AM Attachments:Copy of 2015 Truckee TIF Analysis v6.xlsx Pat, Attached is the spreadsheet that shows how the Placer County credit was calculated. Look at column S of Table 2 tab. It factors the total cost by the proportion that is the responsibility of future growth times the proportion that is not growth generated in Truckee. I hope this answers your question. Thank you, Becky Becky Bucar, Engineering Manager Town of Truckee 10183 Truckee Airport Road Truckee, CA 96161 530-582-2932 Units Existing1 Build Out #% Land Use Housing Units DU 12,858 19,990 7,132 55% Lodging Units Rooms 561 1,113 552 98% Non-Residential Floor Area2 Square Ft 2,559,000 4,593,000 2,034,000 79% PM Pk Hr Vehicle Miles of Travel in Truckee 36,985 55,507 18,522 50% Note 1: Reflects 2014 conditions. Note 2: Excludes golf courses, schools, parks, RV parks, and churches.2014 Truckee TIF.xlsx Growth TABLE 1: Land Use and Travel Conditions Summary for Existing and Future Conditions TABLE 2: TIF Projects, Cost Estimates and Percent Funding Responsibility General Plan Build-out Roadway Improvement Needs Relevant Standard: Existing Conditions Existing Unmitigated Build-out Unmitigated Build-out Mitigated Capacity Measure % of Project Cost Associated with Road Maintenance (Not AB 1600 Eligible) Traffic Impact Fee Funding Placer %PLACER AMOUNT % of Project Costs Eligible for AB 1600 Funding Year Project Entered TIF Program(2) Document, Source of Requirement Truckee Intersections Construct 1-Lane Roundabout D F F D $3,500,000 PM Pk-Hr 71%-$2,485,000 9%$308,000 100%2007 2015 TIF Update Study Construct 1-Lane Roundabout F + 4 hrs delay F with 3.1 hrs delay F B $3,500,000 PM Pk-Hr 79%-$2,765,000 21%$735,000 100%2007 2015 TIF Update Study Construct 1-Lane Roundabout F + 4 hrs delay F with 3.1 hrs delay F C $2,500,000 PM Pk-Hr 96%-$2,400,000 4%$100,000 96%2007 2015 TIF Update Study Construct 1-Lane Roundabout or Equivalent Improvements E F F C $2,500,000 PM Pk-Hr 83%-$2,075,000 0%$0 100%2007 2015 TIF Update Study Construct 1-Lane Roundabout or Equivalent Improvements E F F E $2,500,000 PM Pk-Hr 83%-$2,075,000 2%$42,500 100%1999 or earlier 2015 TIF Update Study Construct 1-Lane Roundabout D D F C $3,500,000 PM Pk-Hr 99%-$3,465,000 1%$35,000 99%2007 2015 TIF Update Study Convert to 2-Lane Roundabout D A F D $750,000 PM Pk-Hr 99%-$742,500 1%$7,500 99%2007 2015 TIF Update Study Construct 2-Lane Roundabout D C F E $4,000,000 PM Pk-Hr 93%-$3,720,000 7%$280,000 100%1999 or earlier 2015 TIF Update Study Construct 2-Lane Roundabout D B E E $4,000,000 PM Pk-Hr 89%-$3,560,000 11%$440,000 100%1999 or earlier 2015 TIF Update Study Construct 3-Lane Roundabout D B F F $4,000,000 PM Pk-Hr 91%-$3,640,000 9%$360,000 91%2007 2015 TIF Update Study Eastbound Left Turn Lane ----$500,000 PM Pk-Hr Advancing Volume 52%-$260,000 0%$0 52%2007 2015 TIF Update Study Southbound Left Turn Lane ----$500,000 PM Pk-Hr Advancing Volume 91%-$455,000 9%$45,000 91%2007 2015 TIF Update Study Eastbound Left Turn Lane ----$500,000 PM Pk-Hr Advancing Volume 97%-$485,000 3%$15,000 97%1999 or earlier 2015 TIF Update Study Donner Pass Road / South Shore Drive Westbound Left Turn Lane ----$500,000 PM Pk-Hr Advancing Volume 84%-$420,000 16%$80,000 100%2016 2015 TIF Update Study Truckee Roadways 2 Travel Lanes from Pioneer Commerce Center to Northwoods Blvd. and from Jibboom St. to Pioneer Trail (1) D D E D $20,000,000 PM Pk-Hr on Donner Pass Road: SR 89S to Northwoods 100%-$20,000,000 0%$0 100%1999 or earlier 2015 TIF Update Study Church Street Extension Donner Pass Road to Glenshire Drive Extend from DPR to Glenshire Drive to Address Glenshire/DPR Deficiency E + 4 hrs delay E F E $5,500,000 PM Pk-Hr at Glenshire Dr./ DPR 100%-$5,500,000 0%$0 100%1999 or earlier 2015 TIF Update Study SR 267 Brockway to Placer County Line Widen to 4 Lanes E E F D $4,100,000 Average Daily Traffic 80%-$3,280,000 20%$820,000 80%2007 Truckee General Plan Traffic Study Glenshire Drive Berkshire Circle to Wiltshire Lane Add Shoulders ----$2,650,000 -66%40%$1,049,400 0%$0 40%1999 or earlier Truckee Public Improvement & Engineering Standards, 2003 Donner Pass Road South Shore Drive to Town Limits Add Shoulders ----$1,300,000 Average Daily Traffic 54%40%$421,200 11%$143,700 32%2016 Truckee Public Improvement & Engineering Standards, 2003 West River Street All Add Shoulders ----$3,250,000 -64%40%$1,248,000 3%$87,100 38%2007 Truckee Public Improvement & Engineering Standards, 2003 Nevada County Roadway Glenshire Drive/ Hirshchdale Rd. Improvements Truckee Town Limits to I-80 WB Ramps Add Shoulders ----$3,000,000 -83%-$2,490,000 0%$0 72%2016 SUBTOTAL: Truckee and Eastern Nevada County (Current Fee Program)$72,550,000 $62,536,100 $3,498,800 Estimated Expenditures on Mousehole Project Subsequent to June 30, 2015 $800,000 Truckee Area Fair Share Contributions to Eastern Placer Improvements $9,595,291 Total: Truckee + Eastern Placer Projects $72,931,391 Credit for Placer County Traffic Impacts Already Included in Truckee TIF Program -$6,096,491 Cumulative AB 1600 Funds in Account as of July 1, 2015 -$6,283,640 Additional Funds Not Yet Collected $60,551,260 Projects Removed From 2007 TIF Project List -- No Longer Required to Provide Adequate LOS at Buildout Intersection Improvements ----$812,684 ---- Construct 2-Lane Roundabout D C C -$4,876,106 ---- Provide Improvement to Bridge Street Crossing or Eastern Underpass ----$6,000,000 ---- Total $11,688,790 Projects Removed From 2007 TIF Project List -- Completed Construct bike and pedestrian tunnel ----$13,925,000 ---- Roadway Construction & Construction of Single Lane Roundabout at DPR/Pioneer Trail ----$6,500,000 ---- Intersection Improvements ----$500,000 ---- Glenshire Drive Donner Pass Road to Somerset Add Shoulders ----$7,440,000 ---- Donner Pass Road South Shore to Moraine Add Shoulders ----$4,719,942 ---- Total $33,084,942 Note 1: A portion of this project including Comstock Dr and part of Pioneer Trail have been completed.Note 2: Prior to 1999, impact fees were collected through a program implemented by Nevada County prior to Town incorporation.Note 3: See Table 3.2/9/2016 Source: LSC Transportation Consultants, Inc. 2014 Truckee TIF.xlsx SR 267 / I-80 WB Ramps SR 267 / I-80 EB Ramps Donner Pass Road / Cold Stream Road / I-80 EB Ramps Donner Pass Road / I-80 WB Ramps (West Interchange) Pioneer Trail & Bridge Street Extensions West River Street / McIver Crossing Donner Pass Road / Bridge Street SR 89 North / Rainbow Road Brockway Road / Reynolds Way Donner Pass Road / Pioneer Trail Bridge Street / West River Street Donner Pass Road / I-80 EB Off Ramp (East Interchange) SR 267 / Brockway Road Glenshire Drive / Dorchester Road (West) SR 89 North / Alder Creek Road Donner Pass Road / SR 89 South Downtown Rail Crossing Improvements SR 89 / UPRR Undercrossing (Mousehole) Comstock Drive and Portion of Pioneer Trail Extension Glenshire Drive / Olympic Boulevard Street / Intersection Segment Description of Improvement Level of Service Estimated Total Cost ($) % of Total Funding That is The Responsibility of Future Development in TIF Area(3) (Bold Indicates Exceedance of Standards) TABLE 3: Percent Funding Responsibility General Plan Build-out Roadway Improvement Needs Existing Volume Future Volume Capacity Truckee Intersections 1,090 1,034 1,460 1,365 89%80%71% 1,010 970 1,129 1,064 79%100%79% 990 970 2,100 2,035 96%100%96% 1,411 1,389 2,091 2,091 100%83%83% 1,686 1,644 2,952 2,887 98%85%83% 1,096 1,068 1,981 1,946 99%100%99% 1,301 1,273 2,491 2,456 99%100%99% 1,431 1,118 2,962 2,546 93%100%93% 1,661 1,189 3,357 2,692 89%100%89% 2,169 1,676 4,517 3,817 91%100%91% 810 810 1,348 1,348 100%52%52% 661 541 814 680 91%100%91% 806 799 1,422 1,399 97%100%97% Donner Pass Road / South Shore Drive 478 423 720 626 84%100%84% Truckee Roadways ----100%100%100% Church Street Extension Donner Pass Road to Glenshire Drive 1,334 1,334 1,789 1,789 100%100%100% SR 267 Brockway to Placer County Line 1,797 1,336 2,809 2,143 80%21,234 34,036 25,000 100%80% Glenshire Drive Berkshire Circle to Wiltshire Lane 369 369 716 716 100%3,889 7,547 2,000 66%66% Donner Pass Road South Shore Drive to Town Limits 295 239 515 421 83%3,378 5,885 2,000 65%54% West River Street All 715 695 1,834 1,769 96%8,187 20,999 2,000 67%64% Nevada County Roadway Glenshire Drive Improvements Truckee Town Limits to Hirschdale Rd 255 255 476 476 100%2,475 4,760 2,000 83%83% Note 1: Based on incremental LOS analysis rather than total intersection volume. Note 2: As existing conditions achieve LOS standards, all future exceedance is the responsibility of future development. Note 3: As existing conditions along Donner Pass Road between Northwoods Drive and 89 South meet LOS standards, all future exceedance is the responsibility of future development. Note 4: As existing conditions at Donner Pass Road / Glenshire Drive achieve LOS standards, all future exceedance is the responsibility of future development. Source: LSC Transportation Consultants, Inc. 2014 Truckee TIF.xlsx % of Total Funding That is The Responsibility of Future Development in TIF Area Average Daily Traffic Volumes SegmentStreet / Intersection Truckee Traffic Model PM Peak-Hour Generated Traffic Volumes 2014 SR 89 North / Rainbow Road Pioneer Trail & Bridge Street Extensions Brockway Road / Reynolds Way Donner Pass Road / Bridge Street Glenshire Drive / Dorchester Road (West) SR 267 / Brockway Road Bridge Street / West River Street SR 267 / I-80 WB Ramps SR 267 / I-80 EB Ramps Donner Pass Road / I-80 EB Off Ramp (Eastern Interchange) Donner Pass Road / Pioneer Trail Donner Pass Road / Cold Stream Road / I-80 EB Ramps Donner Pass Road / I-80 WB Ramps (West Interchange) West River Street / McIver Crossing % of Capacity Exceedance Generated by Future Development Note 2 Note 2 Note 1 Total Traffic Volumes Study Area-Generated Traffic Volumes (At Least One Trip End in Study Area) Total PM Traffic Volumes Study Area-Generated Traffic Volumes (At Least One Trip End in Study Area) Build-Out % of Total Traffic Growth Generated by Study Area Note 1 Note 1 Note 1 Note 2 Note 2 Note 2 Note 2 Note 2 Note 3 Note 4 Note 2 Note 2 Note 2 TABLE 4: Dwelling Unit Equivalent and Fee Calculation Land Use Category Unit DUE per Unit Growth in Land Use DUE Single-family DU 1.00 4,705 4,705 Multi-family DU 0.62 2,264 1,404 Mobile Home DU 0.59 37 22 Retirement DU 0.25 126 32 Hotel/Motel Room 0.70 562 393 Office 1,000 s.f.1.49 557 830 Medical Office 1,000 s.f.3.57 9 32 General Retail 1,000 s.f.2.64 692 1,827 Multiplex Movie Theater 1,000 s.f.2.94 24 71 Restaurant - Quality or High-Turnover 1,000 s.f.3.23 30 97 Fast Food Restaurant / Coffee Shop 1,000 s.f.8.78 17 147 Supermarket 1,000 s.f.3.24 40 130 Convenience Market 1,000 s.f.12.53 17 210 Bank 1,000 s.f.6.56 5 33 Gas Station Fueling Position 1.79 12 21 Health Fitness Club 1,000 s.f.2.65 25 66 Light Industrial 1,000 s.f.0.97 658 639 Warehouse 1,000 s.f.0.32 7 2 Hospital 1,000 s.f.0.72 3 2 Public Park Acres 0.20 261 52 Total DUE 10,715 Total Funding Responsibility of Future Truckee Growth $60,551,260 Fee per DUE $5,651 Calculation of Traffic Impact Fee per DUE TABLE 5: Dwelling Unit Equivalent Factors and Fee Calculations Fee Formula:$5,651 x DUE per Unit x Units (from Project) = fee Land Use Category Unit ITE Land Use Code PM Peak Hour Trip Rate Per Unit3 % New Trips New Trips per Unit DUE per Unit Residential Single-family1 DU 210 1.00 100%1.00 1.00 Multi-family2 DU 220 0.62 100%0.62 0.62 Mobile Home DU 240 0.59 100%0.59 0.59 Retirement DU 252 0.25 100%0.25 0.25 Hotel/Motel Room 310 0.7 100%0.70 0.70 Office General Office 1,000 s.f.710 1.49 100%1.49 1.49 Medical Office 1,000 s.f.720 3.57 100%3.57 3.57 Commercial General Retail 1,000 s.f.Note 4 6.08 43%2.64 2.64 Multiplex Movie Theater 1,000 s.f.445 2.94 100%2.94 2.94 Restaurant - Quality or High-Turnover 1,000 s.f.931, 932 8.67 37%3.23 3.23 Fast Food Restaurant / Coffee Shop 1,000 s.f.933, 934 29.4 30%8.78 8.78 Supermarket 1,000 s.f.850 9.48 34%3.24 3.24 Convenience Market 1,000 s.f.851 52.4 24%12.5 12.53 Bank 1,000 s.f.912 24.3 27%6.56 6.56 Gas Station Fueling Position 944 13.87 13%1.79 1.79 Health Fitness Club 1,000 s.f.492 3.53 75%2.65 2.65 Industrial Light Industrial 1,000 s.f.110 0.97 100%0.97 0.97 Warehouse 1,000 s.f.150 0.32 100%0.32 0.32 Hospital 1,000 s.f.610 0.93 77%0.72 0.72 Public Park Acre 417 0.2 100%0.2 0.20 School Elementary School 1,000 s.f.520 1.21 80%0.97 0.97 Middle School 1,000 s.f.522 1.19 80%0.95 0.95 High School 1,000 s.f.530 0.97 80%0.78 0.78 Community College 1,000 s.f.540 2.54 80%2.03 2.03 Note 3: PM peak-hour of adjacent street traffic. Note 4: Trip generation rate based on calibrated Town of Truckee Model. 2014 Truckee TIF.xlsx Note 1: A secondary dwelling with a floor area greater than 850 square feet shall be considered a single-family residence for the purpose of this Ordinance. Any single- family residence in excess of three bedrooms will be assessed an additional 0.33 DUE per bedroom in excess of three bedrooms. Note 2: Multifamily units are any attached units (including duplex). In addition, a secondary dwelling with a floor area of 850 square feet or less shall be considered a multifamily residence for the purpose of this Ordinance. TABLE x: Turn Lane Warrant Summary Turn Lane Warranted Existing? Warranted Future? Existing Threshold Existing Traffic Volume Future Traffic Volume % of Capacity Exceedance Generated by Future Development Notes Glenshire Road / Dorchester Road (West)Eastbound Left Yes Yes 200 422 658 52% SR 89 North / Rainbow Road Southbound Left No Yes ---100% SR 89 North / Alder Creek Road Northbound Left Yes No ---0% Pioneer and Bridge St. Extensions eliminate need for turn lane Brockway Road / Reynolds Way Eastbound Left No Yes ---100% Donner Pass Road / South Shore Drive Westbound Left No Yes ---100% Critical Warrent Volume Table X: Average Daily Traffic (ADT) Volume Roadway Existing Capacity Existing ADT Future ADT Glenshire Drive 2,000 3,889 7,547 West River Street 2,000 8,187 20,999 Alder Creek without Ext 2000 2724 Alder Creek with Extensions 2000 1295 DPR South Shore to Wolfe Dr 2000 3378 5885 DPR Wolfe Dr to Town Limits 2000 3206 5439 Preliminary TIF Calc for Glenshire Drive between Hirshdale Rd and Martis Peak Rd ADT Existing Capacity 2,000 Existing 2014 Model Volume 2,475 Buildout 2014 Model Volume 4,760 83% 100% 83% % of Capacity Exceedance Generated by Future Development % of Total Traffic Growth Generated by Town of Truckee % of Total Funding That is The Responsibility of Future Growth in Truckee 66%10.54 67%11.45 8.99 Peak hour to Daily 11.45