ASHE PRESENTATION APRIL Paul.Holzen@ Jonathan.Marston@ . Title: ASHE PRESENTATION

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Transcript of ASHE PRESENTATION APRIL Paul.Holzen@ Jonathan.Marston@ . Title: ASHE PRESENTATION

  • CITY OF FRANKLIN, TN TRANSPORTATION FUNDING INITIATIVE

    ASHE PRESENTATION APRIL 2017

  • • General Fund (Sales Tax, Property Tax, Etc) • Road Impact Fees • General Obligation Bonds (used by the City to fund

    transportation projects) • Stormwater User Fees • Public-Private Partnerships with development to make

    necessary improvements. (Typically negotiated by City Staff and the Developer during land entitlement process)

    • Nashville Area MPO and TDOT Grant Programs: CMQ, STP, Transportation Enhancement Grants, LIC Funds, Safe Routes to School, Etc.

    Local Transportation Funding

  • General Fund Revenue

  • Goal – Generate Capital for investment in key infrastructure and high-quality services in order to maintain our community’s excellent quality of life.

    FY 2015-2016 Budget - Capital Reserve Funding Initiative

    • Property tax rate increase of $0.03 cents per $100 of assessed valuation • 50% earmarked for additional local street resurfacing.

    • 50% earmarked for future capital project.

    • General Fund reserve above the 45% level are eligible for use in priority capital projects.

    FY 2015-2016 – Capital Reserve Funding Initiative

  • $53.0 $54.8

    $50.1

    $47.7

    $50.7 $50.9 $52.7

    $56.9 $57.4

    $60.4

    $50.2

    $54.4 $52.1

    $50.5 $51.7

    $49.9 $49.8

    $53.0 $54.7

    $57.9

    $30.4 $30.8 $28.8

    $26.0 $25.0

    $26.0

    $28.9

    $32.8

    $35.5

    $37.9

    $0.0

    $10.0

    $20.0

    $30.0

    $40.0

    $50.0

    $60.0

    $70.0

    2007 Actual 2008 Actual 2009 Actual 2010 Actual 2011 Actual 2012 Actual 2013 Actual 2014 Actual 2015 Actual 2016 Estd

    M ill

    io n

    General Fund Performance - Ten Year Trend

    Revenue Expenditures Fund Balance

  • FY2017-2026 Capital Investment Program

    Purpose – Forecast and match projected revenues and major capital project needs over a ten year period and strengthen the linkage between community infrastructure needs and the financial capacity of the City.

    $300,000,000 Transportation Projects

    $ 39,000,000 Parks Projects

    $ 30,000,000 Facilities

    $ 7,500,000 Stormwater Projects

    $376,500,000 Total

    CIP Development Process:

    Staff ranked projects based on our Strategic Plan

    • Top 25% ()

    • Top 50% ()

    • Bottom 50% ()

    • Bottom 25% ()

    Board of Mayor and Aldermen selected the 5-star () that would receive funding.

    FY2017-2026 Capital Investment Program

  • Project Prioritization

    IS THIS YOUR PROCESS?

  • Goal – Generate Capital for investment in key infrastructure and high-quality services in order to maintain our community’s excellent quality of life.

    FY 2016-2017 Budget – Invest Franklin

    • Property tax rate increase of $0.01 cents per $100 of assessed valuation with $0.10 of the overall property tax targeted at funding investment in infrastructure and supporting City operations. • 0.06 cents dedicated to transportation, parks and city facility needs • 0.01 cents dedicated to alternative transportation (transit, sidewalks and trails). • 0.03 cents dedicated to supporting city operations and service delivery. This allocation of property

    tax capacity would be the first additional property tax rate support provided to the City operations since 1987.

    • Additional capacity to support infrastructure needs are projected to increase from $30 million to $80 million over the 10-year capital investment planning horizon.

    FY 2016-2017 – Invest Franklin

  • $0.0000

    $0.5000

    $1.0000

    $1.5000

    $2.0000

    $2.5000

    1 9

    8 4

    1 9

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    Property Tax Rates Since Fiscal Year 1984

  • Property Tax Rate Comparison

  • Est. Cost Project Name

    $27,478,800 East McEwen (Phase IV)

    $13,200,000 East / Southeast Multipurpose Park

    $1,250,000 Sidewalk "Gaps"

    $4,330,000 Fire Station 7

    $14,340,000 Franklin Road Improvements

    $870,000 Goose Creek Interchange Lighting

    $5,400,000 Major Street Resurfacing

    $4,600,000 Public Safety Communications System

    $2,200,000 Mallory Lane / Royal Oaks / Liberty Pike Intersection Improvements

    $73,668,800 Total

    Invest Franklin – Phase I

  • • Impact Fees are charges that are assess on new development to help pay for the capital facility costs they impose on the community. Essentially, impact fees require that each new residential or commercial project pay its pro-rata share of the cost of new infrastructure facilities required to serve that development.

    • Beginning in the late 1980’s, cities and counties in Tennessee began to look for new ways of meeting the rising infrastructure cost associated with new development.

    • In 1987, Williamson County, Brentwood, Fairview and Franklin were the first local governments in Tennessee to be authorized by the state legislature to enact impact fees.

    • The City of Franklin currently changes a Road Impact fee for Arterial Roads only. Funding can be spent within the City limits on Arterial Roadways only and are required to help improve the capacity of the roadway.

    Road Impact Fee - Summary

  • $0.00

    $1.00

    $2.00

    $3.00

    $4.00

    $5.00

    $6.00

    $7.00

    $8.00

    FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017

    $1.88

    $3.46

    $2.26

    $2.82

    $1.32

    $0.46

    $2.47

    $1.46

    $3.28

    $4.08

    $3.61

    $7.32

    $6.81

    M ill

    io n

    s Road Impact Fee Revenues

  • $249.57 $282.59

    $187.79 $230.90

    $280.26

    $142.60

    $240.88

    $228.25

    $237.31

    $494.19

    $0.00

    $100.00

    $200.00

    $300.00

    $400.00

    $500.00

    $600.00

    $700.00

    $800.00

    $900.00

    2012 2013 2014 2015 2016 M

    ill io

    n s

    Estimated Valuation of Building Permits

    Residential Non-Residential

    785

    895

    788

    1021

    1224

    378

    372

    321

    364

    380

    0

    200

    400

    600

    800

    1000

    1200

    1400

    1600

    1800

    2012 2013 2014 2015 2016

    Pe rm

    it s

    Is su

    ed is

    Building Permits Issued

    Residential Non-Residential

  • City of Franklin Road Impact Fee (2005-2014)

    $4,911.00

    $8,251.00

    $3,112.00

    $5,233.00

    $2,567.00

    $4,317.00

    $6,484.00

    $10,878.00

    $12,069.00

    $20,255.00

    $4,632.00

    $7,802.00

    $0.00

    $5,000.00

    $10,000.00

    $15,000.00

    $20,000.00

    $25,000.00

    2005 2007 2011 2012 2013 2014 2017 (PROPOSED FEE)

    Road Impact Fee History

    Signle-Family Detached (Dwelling) Multi-Family (Dwelling) Hotel/Motel (Room) Shpping Center/Retail (1,000 SF) Restaurant (1,000 SF) Offic (1,000 SF)

  • Proposed Road Impact Fee

  • Recent Capital Projects (Previous 5 Years)

    2012

    • East McEwen Drive Phase 3 Improvements ($7,400,000) • Local Interstate Connector (LIC) (50% Local Funds / 50% State Funds)

    • 5,000+ LF of 4-lane, median divided roadway

    • 463 LF Arch Box Bridge • 166 LF at 32’ width x 6.5’ height; 297 LF at 32’ width x 5.75’ height

    • 1ST City of Franklin project to utilize all LED lighting

    • Franklin ITS Project ($922,000) • American Reinvestment & Recovery Act (ARRA)

    • 67,000 LF Fiber Optic Cable; 3,400 LF Ethernet Cable; 29 Network Switches

    • Nichol Mill Lane Improvements ($1,200,000) • Realignment of Nichol Mill Lane

    • Removed two (2) 90 degree curves

  • Recent Capital Projects (Previous 5 Years)

    2012 (Continued)

    • Traffic Operations Center (TOC) Phase 3 – Software ($470,000) • Surface Transportation Program (STP) (80% Federal / 20% Local)

    • Siemens TACTICS and Concert Software

    • Cisco Video Matrix

    2013

    • TOC Phase 3 – Infrastructure & Upgrades ($400,000) • STP – (80% Federal / 20% Local)

    • Four (4) Cameras

    • 28,500 LF Fiber Optic Cable

    • 15 Signal Controllers