Title
Consider/Discuss/Act on a Resolution to Accept and File the Semiannual Impact Fee Report with Respect to the Progress of the Capital Improvements Plan for Roadway and Utility Impact Fees
Summary
MEETING DATE: January 6, 2015
DEPARTMENT: Development Services - Planning
CONTACT: Jason Aprill, Planner I
Jennifer Arnold, Planning Manager
RECOMMENDED CITY COUNCIL ACTION:
· Staff recommends approval of the Resolution.
ITEM SUMMARY:
· The Semiannual Report is required by Chapter 395 of the Texas Local Government Code and mandates that the Capital Improvements Advisory Committee review the progress of the Capital Improvements Plan for Roadway and Utility Impact Fees and report any perceived inequities in its implementation.
· This item was reviewed by the Planning and Zoning Commission (acting as the Capital Improvements Advisory Committee) on December 9, 2014. The Commission voted 7-0-0 to recommend filing of the Semiannual Report. The comments of the Planning and Zoning Commission are included in the Semiannual Report.
· The Capital Improvements Plans used for this semiannual report were last adopted on November 18, 2013 as part of the 2012-2013 Impact Fee Update. The Planning & Zoning Commission meeting report from the public hearing, its attachments and meeting minutes will be filed by City Council as the semiannual report.
· The Semiannual Report includes the following:
· Executive Summary
· P&Z Commission Staff Report
· P&Z Commission Meeting Minutes
· P&Z Commission Meeting Presentation
· CIP Roadway and Utility Improvements Project List FY 13-14
· Appendix
· The City of McKinney's Semiannual Report includes a summary of the total roadway and utility impact fee funds collected, transferred, and available for capital improvement projects. It also lists recently completed and ongoing capital improvement projects.
· During the 2007-2008 Impact Fee update, it was recommended that a review of construction cost indices and/or inflationary assumptions become a standard part of McKinney's semiannual reporting process for impact fees. As such, Staff has included a review of regional construction costs and national inflation rates.
· From September 2013 to September 2014, the Construction Cost Index in the Dallas area increased 1.2% as compared to the National Average, which increased 3.3% during the same period. (Source: Construction Cost Index at www.enr.com).
· From September 2013 to September 2014, the Consumer Price Index (CPI) shows that annual inflation increased 1.7%. During the same period, the core CPI, which excludes volatile food and energy prices, also increased 1.7% (Source: US Department of Labor, Bureau of Labor Statistics).
BACKGROUND INFORMATION:
· The Planning and Zoning Commission has been appointed as the Capital Improvements Advisory Committee for the City of McKinney. The advisory committee serves in an advisory capacity and is established to:
(1) Advise and assist the political subdivision in adopting land use assumptions;
(2) Review the capital improvements plan and file written comments;
(3) Monitor and evaluate implementation of the capital improvements plan;
(4) File semiannual reports with respect to the progress of the capital improvements plan and report to the political subdivision any perceived inequities in implementing the plan or imposing the impact fee; and
(5) Advise the political subdivision of the need to update or revise the land use assumptions, capital improvements plan and impact fee.
BOARD OR COMMISSION RECOMMENDATION:
· On December 9, 2014, the Planning and Zoning Commission voted 7-0-0 to recommend filing of the Semiannual Impact Fee Report.