AGENDA REPORT
DATE: March 25, 2024
TO: City Commission
FROM: Bill McDaniel, City Manager
SUBJECT: Public Hearing to Amend Article VI of Chapter 86, Plant City Code -
Library Impact Fees
EXECUTIVE SUMMARY:
An impact fee rate study was conducted in 2005 and established a rate schedule for library impact fees. These charges have remained the same for 19 years.
On September 26, 2022, the City Commission approved an agreement with Alfred Benesch & Company (Benesch) to perform a citywide impact fee update study.
Benesch provided an extensive review of the current impact fees as required by Section 163.31801, Florida Statutes (FS) and found that the City’s library impact fees are above the current cost to provide for growth.
The consultant utilized the following criteria to determine the recommended library impact fees for Plant City:
• Consumption-based methodology that is widely used in Florida and ensures that fees are calculated at a level not to charge for any deficiencies
• Documentation of capital inventory and level of service
• Estimation of the value of the capital inventory
• Recognizing a credit for non-impact fee contributions from future development
• Calculation of the demand component to measure impact from each land use
Implementation of the recommended impact fee schedule must comply with the following Phase-In Limitation rules required by the State unless a study identifies extraordinary circumstances:
• Up to 25% increase - over two years
• Between 25-50% - over four installments
• Cannot be increased more than 50% of the current rate
Based on the recommendation from the consultant to reduce the rates, the phase-in limitation rules do not apply.
The consultant recommends a new library impact fee schedule as seen in the ordinance and in the table below:
|
Land Use |
Unit |
Functional Residents per Unit |
Proposed Impact Fee |
Existing Impact Fee |
|
Residential |
|
|
|
|
|
Single Family |
du |
2.76 |
$403 |
$538 |
|
Multi-Family |
du |
2.08 |
$304 |
$486 |
Once approved, the City will provide a 90-day notice before imposing the new rates in July 2024. Upon implementation, the impact fees should be reviewed every four years, unless new extraordinary circumstances arise prior to July 2028.
The City will continue to maintain a separate fund for this impact fee to separately track receipts and disbursements and monitor compliance.
RECOMMENDATION:
That the City Commission adopt an ordinance amending Article VI of Chapter 86, Plant City Code, regarding library impact fees.
FISCAL IMPACT:
The library impact fee revenue will be recorded in Fund 350 and will be used for expansion related capital improvements as authorized in the code.
Prepared by: Diane Reichard, Chief Financial Officer