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HomeMy Public PortalAboutAB 1600 TIF Program - Pioneer Trail Extension and Growth AssumptionsFrom:Becky Bucar To:"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:AB 1600 TIF Program - Pioneer Trail Extension and Growth Assumptions Date:Tuesday, October 13, 2015 10:54:51 AM Hi All, The materials that were provided at the September 23, 2015 Traffic Impact Fee Working Group are now available on our website: http://www.townoftruckee.com/departments/ab-1600-traffic-impact-fee-working-group Also, I received a question relating to the last AB 1600 TIF Working Group meeting. At the meeting Gordon Shaw did a quick calculation to estimate how much the future growth in the Town of Truckee would need to be reduced to eliminate the Pioneer Trail and Bridge Street Extension Project. He also discussed the impact r educed land use growth assumptions might have on the fee. A summary of Gordon's calculation is provided in the table below. Note that these are rough estimates and a more detailed analysis (which might include updated model runs) may get different results. The analysis also only focusses on the fees associated with the Pioneer Trail/Bridge Street Extension, ignoring other elements included in the overall fee program. Cost of Pioneer Trail/Bridge Street Extensions Allocation Scenarios Input Values - Vehicles per Hour in Peak Direction on Donner Pass Road W. of SR 89 South Capacity of Key Segment of Donner Pass Road 800 Existing Traffic Volume 746 Future Volume -- Without Pioneer Trail & Bridge Extensions 866 Future Volume -- With Pioneer Trail & Bridge Extensions 665 Existing Available Growth Before Capacity Exceeded 54 (800 – 746) Impact of 100% Future Growth Without Extensions 120 (866 – 746) Percent of Future Growth Before Capacity Exceeded 45%(54 / 150 X 100) Calculation of Impact Fee Associated with Extensions Only Assumed Level of Growth 100%80%50% Construction Cost to Address Capacity Deficiency (to build Pioneer Trail/Bridge Street Ext)$21,000,000 $21,000,000 $21,000,000 Total Future DUEs of Development 11773 9418.4 5886.5 Fee per DUE Associated with Pioneer Trail/Bridge St Ext)$1,784 $2,230 $3,567 The calculation shows that the percent of future development growth (between existing and build out) that would trigger the need for the roadway extensions is roughly 45%. In other words, we would likely need to reduce the land use growth assumptions by more than 55% to avoid the need for the Pioneer Trail/Bridge Street Extension. As we can’t build only a portion of the roadway, once the 45% land use growth level is exceeded, the project is required. The bottom of the table calculates the estimated fee associated with the Pioneer Trail and Bridge Street Extension at different development levels. If full build out of the General Plan is assumed (as is the case for the draft fee program), $1,784 of the traffic impact fee is associated to the Pioneer Trail/Bridge Street Extension project. At lower levels of development, there is less other development to spread the costs over, so the fee per DUE unit of development increases. For example, if we assume only 80% of the future growth occurs, the fee would be $446 higher ($2,230 - $1,784 = $446). I hope this provides some clarification and some useful information to consider. Please feel free to contact me if you have questions. Becky Bucar Becky Bucar, Engineering Manager Town of Truckee 10183 Truckee Airport Road Truckee, CA 96161 530-582-2932