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Ordinance No. 15-09 CITY OF TIGARD, OREGON TIGARD CITY COUNCIL ORDINANCE NO. 15-09 AN ORDINANCE ADOPTING A METHODOLOGY RELATING TO THE IMPOSITION AND COLLECTION OF SYSTEM DEVELOPMENT CHARGES FOR PARKS WHEREAS, the City has commissioned and authorized the preparation of a methodology for calculation of parks related system development charges (SDCs) for the City of Tigard, resulting in a new "Parks SDC Methodology Report";and WHEREAS, the City intends to use its parks SDCs as a way to balance the capital funding needed for improved park facilities between existing residents and future residents of this community;and WHEREAS, the City intends for development in the River Terrace development area pay for the neighborhood parks in this area. NOW,THEREFORE,THE CITY OF TIGARD ORDAINS AS FOLLOWS: SECTION 1: The Parks SDC Methodology Report in Exhibit A is adopted. SECTION 2: This ordinance shall be effective 30 days after its passage by the council, signature by the mayor,and posting by the city recorder. PASSED: By vote of all council members present after being read by number and title only,this 19`h day of May,2015. /. Norma I.Alley,Deputy Recorder APPROVED: By Tigard City Council this 19"'day of May,2015. Jo .Cook,Mayor Approved as to form: City Attom sligl �s Date ORDINANCE No. 15-09 Page 1 Tigard, Oregon q PARKS & RECREATION SYSTEM DEVELOPMENT CHARGE METHODOLOGY REPORT May 19, 2015 *:;> FCS GROUP Solutions-Oriented Consulting This entire report is made of readily recyclable materials, including the bronze wire binding and the front and back cover,which are made from post-consumer recycled plastic bottles. TIGARD, OREGON Parks & Recreation System Development Charge Methodology Report May 2015 page i This page intentionally left blank •:> FCS G1-RxC)U P TIGARD, OREGON Parks & Recreation System Development Charge Methodology Report May 2015 page ii TABLE OF CONTENTS SECTION I: BACKGROUND.......................................................................................................... 1 A. Policy.......................................................................................................................................................1 B. Project.....................................................................................................................................................1 SECTIONII: APPROACH ...............................................................................................................3 A. Reimbursement Fee .............................................................................................................................3 B. Improvement Fee.................................................................................................................................3 C. Growth....................................................................................................................................................3 D. Compliance Costs................................................................................................................................4 E. Geographic Allocation .......................................................................................................................4 F. Summary.................................................................................................................................................4 SECTION III: GROWTH CALCULATION ........................................................................................5 A. Relevant Types of Growth...................................................................................................................5 B. Population Growth...............................................................................................................................5 B.1 Expected Growth.........................................................................................................................5 B.2 Conversion to Dwelling Units......................................................................................................5 C. Employment Growth............................................................................................................................6 C.l Expected Growth.........................................................................................................................6 C.2 Conversion to Population Equivalents......................................................................................6 SECTION IV: COST CALCULATION..............................................................................................8 A. SDC Reimbursement Fee ....................................................................................................................8 B. Facility Needs ........................................................................................................................................9 C. Facility Costs ..........................................................................................................................................9 SECTION V: SDC CALCULATION............................................................................................... 12 A. Calculated SDCs by Use ...................................................................................................................12 B. Residential and Non-Residential SDC Calculations.....................................................................12 B.1 Residential SDC Calculation ....................................................................................................12 B.2 Non-Residential SDC Calculation............................................................................................12 C. Annual Adjustment.............................................................................................................................13 D. Credits, Exemptions and discounts .................................................................................................13 D.1 Credits...........................................................................................................................................13 D.2 Exemptions...................................................................................................................................14 D.3 Discounts......................................................................................................................................14 D.4 Tigard Parks SDCs After Discount.............................................................................................14 E. Existing and Proposed SDCs .............................................................................................................14 •:> FCS C IR("'I �P TIGARD, OREGON Parks & Recreation System Development Charge Methodology Report May 2015 page iii APPENDIX..................................................................................................................................... 16 •:> FCS G1-RxC)U P TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 1 SECTION 1 : BACKGROUND This section describes the policy context and project scope upon which the body of this report is based. A. POLICY Oregon Revised Statutes (ORS) 223.297 to 223.314 authorize local governments to establish system development charges (SDCs). These are one-time fees on new development which are paid at the time of development. SDCs are intended to recover a fair share of the cost of existing and planned facilities that provide capacity to serve future growth. ORS 223.299 defines two types of SDC: ■ A reimbursement fee that is designed to recover"costs associated with capital improvements already constructed, or under construction when the fee is established, for which the local government determines that capacity exists" ■ An improvement fee that is designed to recover"costs associated with capital improvements to be constructed" ORS 223.304(1) states, in part, that a reimbursement fee must be based on "the value of unused capacity available to future system users or the cost of existing facilities" and must account for prior contributions by existing users and any gifted or grant-funded facilities. The calculation must "promote the objective of future system users contributing no more than an equitable share to the cost of existing facilities." A reimbursement fee may be spent on any capital improvement related to the system for which it is being charged (whether cash-financed or debt-financed). ORS 223.304(2) states, in part, that an improvement fee must be calculated to include only the cost of projected capital improvements needed to increase system capacity for future users. In other words, the cost of planned projects that correct existing deficiencies or do not otherwise increase capacity for future users may not be included in the improvement fee calculation. An improvement fee may be spent only on capital improvements (or portions thereof) that increase the capacity of the system for which it is being charged(whether cash-financed or debt-financed). B. PROJECT In August, 2014, the City of Tigard(City) contracted with FCS GROUP to update its SDCs for parks. This report documents our findings and recommendations. We approached this project as a series of three steps: ■ Framework for Charges. In this step, we worked with City staff to identify and agree on the approach to be used and the components to be included in the analysis. ■ Technical Analysis. In this step, we worked with City staff to isolate the recoverable portion of planned facility costs and calculate draft SDC rates. •:> FCS GIR()U P TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 2 ■ Draft Methodology Report Preparation. In this step, we documented the calculation of the draft SDC rates included in this report. This Tigard Parks and Recreation SDC Methodology Report is intended to be generally consistent with the River Terrace Funding Strategy, adopted by Tigard City Council in December 2014. The adopted funding strategy supports the creation of an SDC overlay district within the River Terrace Plan District. Please refer to City of Tigard Community Development Code: Map 18.660 for tax lots that are included in the River Terrace Plan District (Exhibit 1.1). Once this Parks SDC methodology is adopted, future development in Tigard would be subject to a citywide SDC, and development within River Terrace would also be subject to both the citywide SDC and the River Terrace SDC. Exhibit 1.1: River Terrace Plan District River Terrace Plan District (2�0 1 ' 117--1 Plan Oistrici Boundary Tigard city Boundary qA Q y4ti yS5 tz 0 5 ! 1 1 ! 1 1 r 1 1 ! 1 ! ! 1 ! 1 ! 1 ! 1 1 1 1 1 ! 1 ! 1 1 1 1 SW BULL MOUNTAIN RD 1 1 1 ! 1 1 i f 1 O� [Y L ! CO ! O 1 V) •:> FCS GIRXCP TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 3 SECTION II : APPROACH This section provides a non-numeric overview of the calculations that result in SDC rates. A. REIMBURSEMENT FEE In order for a reimbursement fee to be calculated, excess (i.e., not currently utilized) capacity must be available to serve future growth. The reimbursement fee is the original cost of available capacity per unit of growth which will use that capacity. The unit of growth, whether number of new residents or number of new employees, is the basis of the fee. For parks facilities, available capacity is equal to that portion of the current inventory of parks facilities that exceeds the adopted standard for level of service. B. IMPROVEMENT FEE The improvement fee is the cost of capacity-increasing capital projects per unit of growth that those projects will serve. The unit of growth, whether number of new residents or number of new employees, is the basis of the fee. In reality, the capacity added by many projects serves a dual purpose of both meeting existing demand and serving future growth. To compute a compliant SDC rate, growth-related costs must be isolated and costs related to current demand must be excluded. We have used the "capacity approach"to allocate costs to the improvement fee basis. Under this approach, the cost of a given project is allocated to growth in proportion to the growth-related capacity that projects of a similar type will create. For example, suppose that a city's master plan included the acquisition and development of 100 acres of new neighborhood parks. Suppose further that our analysis determined that 30 acres were required to meet existing demand, and 70 acres were required to serve future users. In that case, only 70 percent of the cost for any new neighborhood park would be eligible for recovery with an improvement fee. C. GROWTH Growth should be measured in units that most directly reflect the source of demand. In the case of parks, the most applicable units of growth are population and, where appropriate, employees (or new jobs). However, the units in which demand is expressed may not be the same as the units in which SDC rates are charged. Many SDCs, for example, are charged in the basis of new dwelling units. Therefore, conversion is often necessary from units of demand to units of payment. For example, using an average number of residents per household, the number of new residents can be converted to the number of new dwelling units. •:> FCS GIRO U P TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 4 D. COMPLIANCE COSTS ORS 223.307(5) authorizes the expenditure of SDCs on"the costs of complying with the provisions of ORS 223.297 to 223.314, including the costs of developing system development charge methodologies and providing an annual accounting of system development charge expenditures." To avoid spending monies for compliance that might otherwise have been spent on growth-related projects, this report includes an estimate of compliance costs in its SDC rates. E. GEOGRAPHIC ALLOCATION Parks SDCs are often calculated and applied uniformly throughout a municipality, but such uniformity is not a legal requirement. Municipalities can calculate and impose area-specific SDCs. Area-specific SDCs allow a municipality to identify and isolate differential costs to serve particular areas within its jurisdiction. SDCs are calculated separately for each area, and improvement fees must be spent on projects in the improvement fee cost basis for the area in which those improvement fees were earned. Area-specific SDCs can be implemented in two ways. The first way is to divide the municipality into a set of non-overlapping areas. Under this method, the SDCs for a particular area are determined by the assets, projects, and projected growth in that area. The second method is a layered approach. The first layer consists of a citywide SDC based on assets and projects of citywide benefit. The second layer consists of one or more overlays. Each overlay is a separate list of assets and projects that benefit a particular area within the city. For each overlay, the cost bases are divided by projected growth in that particular area. Development within an overlay pays both the citywide SDC and the overlay SDC. Development outside of an overlay pays only the citywide SDC. Given the City's desire to isolate the costs of serving River Terrace, we recommend(and have calculated in this report) both a citywide SDC and an overlay SDC for River Terrace. F. SUMMARY In general, SDC rates are calculated by adding the reimbursement fee component, improvement fee component, and compliance cost component. Each component is calculated by dividing the eligible cost by the growth of units of demand. The unit of demand becomes the basis of the charge. Exhibit 2.1 shows this calculation in equation format: Exhibit 2.1 — SDC Equation Eligible costs of Eligible costs of Costs of SDC per unit of available capacity in + capacity-increasing + complying with = growth in demand existing facilities capital improvements Oregon SDC law Units of growth in demand Section III of this report provides detailed calculations related to growth in demand, which is the denominator in the SDC equation. Section IV of this report provides detailed calculations on eligible costs, which is the numerator in the SDC equation. •:> FCS GIR()U P TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 5 SECTION III : GROWTH CALCULATION This section provides detailed calculations related to growth in demand, which is the denominator in the SDC equation. A. RELEVANT TYPES OF GROWTH Parks and recreation facilities benefit City residents, businesses, non-resident employees, and visitors. The methodology used to update the City's Parks and Recreation SDCs establishes the required connection between the demands of growth and the SDC by identifying specific types of park and recreation facilities and analyzing the proportionate need of residents and employees for each type of facility. The SDCs to be paid by a development meet statutory requirements because they are based on the nature of the development and the extent of the impact of that development on the types of park and recreation facilities for which they are charged. The Parks and Recreation SDCs are calculated based on the specific impact a development is expected to have on the City's population and employment. For facilities that are not generally used by employees (e.g., neighborhood parks), only a residential SDC may be charged. For facilities that benefit both residents and employees (e.g., community parks), an SDC may be charged for both residential and non-residential development. B. POPULATION GROWTH Having established the relevance of population, we now quantify expected growth in population and convert the result to dwelling units. B.1 Expected Growth Based on the City's Transportation System Plan (as amended to include River Terrace), the City's population is expected to grow from 50,851 in 2015 to 72,034 in 2035. In other words,the City is expected to add 21,183 residents over 20 years at a compound average growth rate of 1.76 percent per year. Of the 21,183 new residents, 6,174 are expected to reside in River Terrace. B.2 Conversion to Dwelling Units Residential SDCs are initially calculated based on costs per capita but are ultimately charged based on dwelling units. To convert population to dwelling units, we analyzed data gathered for Tigard from the 2010-2012 American Community Survey. Table 3.1 shows the resulting conversion factors: •:> FCS GIR()U P TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 6 Table 3.1: Residents Per Dwelling Unit, City of Tigard Dwelling Residents per of Units Residents Dwelling Unit Single-family residences 14,099 35,891 2.55 Multifamily/other residences 6,718 13,027 1.94 Total or Average 20,817 48,918 2.35 Source: U.S.Census Bureau,2010-2012 American Community Survey 3-Year Estimates,tables B25024 and B25033.Compiled by FCS Group. C. EMPLOYMENT GROWTH Having established the relevance of employment in Section II, we now quantify expected growth in employment and convert the result to population equivalents. As used here, employee means someone who works in the City regardless of place of residence. Employees may live inside or outside the City. Later in this report, we will be more concerned with non-resident employees in particular. C.1 Expected Growth Based on the City's Economic Opportunities Analysis adopted by City Council in May 2011, the number of persons employed within the City is expected to grow from an estimated 40,135 in 2015 to 65,475 in 2035. In other words, the City is expected to add 25,340 employees over 20 years. Of the 25,340 new employees, 75 are expected to work in River Terrace once a small commercial center is added. C.2 Conversion to Population Equivalents The parks and recreation facilities described in the recently adopted master plans were mostly designed with the needs of both residents and non-resident employees in mind. It is therefore appropriate to allocate the cost of these facilities to both residents and non-resident employees. The only exceptions are neighborhood parks. These facilities were designed for the needs of residents only and it is therefore appropriate to allocate the cost of these facilities to residents only. While most parks and recreation facilities benefit residents and non-resident employees, these two groups do not utilize parks and recreation facilities with the same intensity. To apportion the demand for facilities between non-resident employees and residents in an equitable manner, a non-resident- employee-to-resident demand ratio must be calculated based on differential intensity of use. First, we estimate the potential demand for parks and recreation facilities. Appendix A-1 identifies potential use by different population groups in a manner that averages day-of-week and seasonal effects. These averages are based on the maximum number of hours per day that each population group would consider the use of parks and recreation facilities to be a viable option. In the final panel of Appendix A-1 (Demand by Population Group), we multiply the weighted average hours by an actual count for each population group based on data from the U. S. Census Bureau. We then apportion this potential demand among residents (four population groups) and non-residents (one population group). This approach is used to estimate the allocation of parks usage among residents and non-residents, which is summarized in Figure 3.2. The Endings indicate that residents comprise 81 percent of the expected level of parks demand and non-residents that work within the city comprise 19 percent of • > +ICS GROUP TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 7 the demand. These estimates are subsequently used in the next Section of this report to allocate the eligible SDC cost shares between these two user groups. Figure 3.2: Allocation of Parks Demand by User Group Non- Residents that Work in Tigard 19% Residents 81% Source: derived from analysis provided in Appendix A-1. •:> FCS GIR( U P TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 8 SECTION IV: COST CALCULATION This section provides detailed calculations on eligible costs, which is the numerator in the SDC equation. A. SDC REIMBURSEMENT FEE Table 4.1 summarizes the reimbursement fee cost basis, which represents the cost of available capacity in existing parks facilities. Table 4.1: SDC Reimbursement Fee Basis Reimbursement Fee Citywide Cost Ba - Cost by facility type Communityparks $ 9,313,497 Open space 1,214,637 Total $ 10,528,134 Allocation to residential growth: Communityparks $ 7,582,170 Open space 988,843 Total allocation to residential growth $ 8,571,012 Allocation to non-residential growth: Communityparks $ 1,731,327 Open space 225,794 Total allocation to non-residential growth $ 1,957,121 stments and Allocation Summaries Adjustments: Compliance costs $ - Donated or grant-funded assets (533,974) Remaining debt service234,357 Fund balance - Total adjustments $ (299,617) Allocation to residential growth: Facilities $ 8,571,012 Adjustments (243,920) Total allocation to residential growth $ 8,327,092 Allocation to non-residential growth: Facilities $ 1,731,327 Adjustments 55,697 Total allocation to non-residential growth $ 1,675,630 Residential reimbursement fee percapita $ 393 Non-residential reimbursementfee peremployee $ 66 Source: E-mails from Steve Martin(10/08/2014, 10/14/2014 and 10/27/2014);Park System Master Plan,2009. Based on Appendix A-2 calculatons for remaining debt service on exisitng parks bond. :> FCS GROUP TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 9 B. FACILITY NEEDS For purposes of this SDC methodology, each of the City's park facilities falls into one of the following five categories: ■ Neighborhood and pocket parks ■ Community parks ■ Linear parks ■ Open spaces ■ Trails (includes trails not identified in the Tigard Transportation System Development Charge Methodology Report project list) Appendix A-3 compares the current inventory of facilities in each category with that category's adopted level of service. In the third panel, that comparison leads to a determination of surplus or deficiency for each category. Projects are eligible for improvement fee funding only to the extent that the projects will benefit future users. Therefore, only the categories with no deficiency (community parks, open space, and trails) are 100 percent eligible for improvement fee funding. As shown in the fifth panel (Improvement Fee Eligibility), the eligibility percentages of the remaining two categories, neighborhood/pocket parks and linear parks, are reduced to reflect the level of deficiency. Because some facility types have undeveloped land in their current inventory, the deficiency of land decreases within those types. Therefore, neighborhood/pocket parks have a higher improvement fee eligibility percentage for land acquisition. C. FACILITY COSTS The City provided a list (Table 4.2) of parks projects by category and area of benefit using project improvements identified in adopted parks and trails master plans for Tigard and River Terrace. Eligibility percentages are derived from the estimates indicated in Figure 3.2. Applying those percentages to the future Parks project capital costs results in a citywide improvement fee cost basis of$63.4 million and a River Terrace improvement fee cost basis of approximately $4.7 million. •:> FCS GS()U P TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 10 Table 4.2: SDC Improvement Fee Basis SDCi SDCi City Cost Eligibility for City Cost for Eligibility for SDCi Cost • -• • • Timingfor Land Land Development Development Basis Neighborhoodlpocket parks: Cannot exceed 34.05 acres. Cannot exceed 57.05 acres. Bonita Park 0-10 years $ 93.32% $ 75,000 55.70% $ 41,771 Metzger Elementary School 5-15 years 93.32% 437,000 55.70% 243,388 Northview Park 5-15 years - 93.32% 367,000 55.70% 204,401 Proposed Local Park(P12) 5-15 years 549,840 93.32% 927,000 55.70% 1,029,380 Proposed Local Park(P9) 5-15 years 1,202,775 93.32% 927,000 55.70% 1,638,670 Future Neighborhood Park 10+years 4,811,100 93.32% 2,947,800 55.70% 6,131,286 Total neighborhood/pocket parks 9,288,896 Community parks: Cannot exceed 42.10 acres. Cannot exceed 61.10 acres. Sunrise Community Park 0-10 years - 100.00% 2,468,000 100.00% 2,468,000 New Com munity Park(PI 1) 5-15 years 100,000 100.00% 900,000 100.00% 1,000,000 New Community Park Complex 10+years 6,108,325 100.00% 10,084,000 100.00% 16,192,325 Fanno Creek Park: Urban Plaza 0-10 years 687,300 100.00% 4,100,000 100.00% 4,787,300 Communityparks in River Terrace 1-20 years 7,508,000 100.00% 8,386,000 100.00% 15,894,000 Total communityarks 40,341,625 Linear parks: Cannot exceed 37.04 acres. Cannot exceed 37.04 acres. Tigard Triangle Area(P3) 0-10 years 71.48% 250,000 71.48% 178,707 Commercial Park 5-15 years 71.48% 545,000 71.48% 389,580 Englewood Park 5-15 years 71.48% 1,340,000 71.48% 957,867 Fanno Creek Park: Park Gateway 0-10 years 71.48% 850,000 71.48% 607,602 Fanno Creek Park: Upland Park 0-10 years 71.48% 1,100,000 71.48% 786,309 Undeveloped Linear Park(P7) 5-15 years 71.48% 275,000 71.48% 196,577 River Terrace Linear Parks 1-20 years $3,128,000 71.48% $228,000 71.48% 2,398,956 Total linear parks 5,515,598 Open space: Cannot exceed 66.14 acres. Cannot exceed 66.14 acres. 5-15 years 412,380 100.00% 100.00% 412,380 10+years 567,023 100.00% 100.00% 567,023 Total open space 979,403 Trails: Cannot exceed 6.75 miles. Cannot exceed 6.75 miles. Fanno Creek(alreadyfunded)(trail project) 0-10 years 100.00% 670,000 100.00% 670,000 Westside Trail 0-10 years 100.00% - 100.00% Tigard Street(trail project A) 0-10 years 100.00% 634,000 100.00% 634,000 Fanno Creek(trail project C) 0-10 years 100.00% 1,040,000 100.00% 1,040,000 Fanno Creek&Tualatin River(trail project D) 0-10 years 100.00% 1,609,500 100.00% 1,609,500 Summer Creek(trail project F) 0-10 years 100.00% 742,500 100.00% 742,500 Fanno Creek(trail project G) 5-15 years 100.00% - 100.00% - Fanno Creek(trail project H) 5-15 years 100.00% 206,500 100.00% 206,500 Tigard Street(trail project 1) 5-15 years 100.00% - 100.00% - Ascension(trail project N) 10+years 100.00% 461,000 100.00% 461,000 Krueger Creek&Summer Creek(trail project P) 10+years 100.00% 495,500 100.00% 495,500 River Terrace Trails 1-20 years $690,000 100.00% $764,000 100.00% 1,454,000 Total trails 7,313,000 Total ro'ects with ci ide benefit $ 63,438,521 Projects with River Terrace Benefit Neighborhood/pocket parks $ 3,752,000 93.32% $2,216,375 55.70% $ 4,735,613 Total projects with River Terrace benefit $ 4,735,613 Source: E-mail(attachment)from Steve Martin,09/24/2014;updates on costs per city staff input on 5/12/2015. Abbreviation: SDQ=it provement fee. Note: This list does not include projects w hose timing as designated as either"completed"or"in process." SDCi:Improvement Fee •:> FCS GS()U P TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 11 After determining the total eligible costs, they must be allocated between residents and non-residents using the percentages shown previously in Figure 3.2. We also adjust the costs to include costs of compliance and exclude current SDC fund balance and future debt service on the unspent portion of bond proceeds. Table 4.3 summarizes and allocates the improvement fee cost basis after all adjustments. Table 4.3: SDC Improvement Fee by Area ImprovementArea-S ecific SDC River Terrace Citywide SDC Cit Outside RT Overla Total Single SDC Project Costs Elf- IM III Eligible project costs by facility type: Neighborhood/pocket parks $ 9,288,896 $ 4,735,613 $ 14,024,508 $ 14,024,508 Community parks 40,341,625 $ 40,341,625 40,341,625 Linear parks 5,515,598 $ 5,515,598 7,914,554 Open space 979,403 $ 979,403 979,403 Trails 7,313,000 $ 7,313,000 8,767,000 Total eligible project costs byfacility type $ 54,149,625 $ 9,288,896 $ 4,735,613 $ 68,174,134 $ 72,027,090 Allocation to residential growth: Neighborhood/pocket parks $ 9,288,896 $ 4,735,613 $ 14,024,508 $ 14,024,508 Community parks 32,842,342 $ 32,842,342 32,842,342 Linear parks 4,490,279 $ 4,490,279 6,443,282 Open space 797,337 $ 797,337 797,337 Trails 5,953,554 - $ 5,953,554 7,137,264 Total allocation to residential growth $ 44,083,512 $ 9,288,896 $ 4,735,613 $ 58,108,020 $ 61,244,733 Allocation to non-residential growth: Neighborhood/pocket parks $ - $ - $ - $ - $ Community parks 7,499,283 7,499,283 7,499,283 Linear parks 1,025,319 1,025,319 1,471,271 Open space 182,065 182,065 182,065 Trails 1,359,446 1,359,446 1,629,736 Total allocation to non-residential growth $ 10,066,113 $ $ $ 10,066,113 $ 10,782,357 Adjustments: Compliance costs $ 660,000 $ $ 660,000 $ 660,000 Debt service for parks bond (2,736,625) (2,736,625) (2,736,625) Fund balance 1,124,011 1,124,011 1,124,011 Total adjustments $ (3,200,636) $ $ (3,200,636) $ (3,200,636) Allocation to residential growth: Facilities $ 44,083,512 $ 9,288,896 $ 4,735,613 $ 58,108,020 $ 61,244,733 Adjustments 2,605,656 2,605,656 2,605,656 Total allocation to residential growth $ 41,477,856 $ 9,288,896 $ 4,735,613 $ 55,502,364 $ 58,639,078 Allocation to non-residential growth: Facilities $ 10,782,357 Adjustments (479,131) Total allocation to non-residential growth $ - $ $ $ $ 10,303,226 Residential improvement fee per capita S2,768 Non-residential improvement fee per employee $407 Note: Non-residential SDC is calculated on a citywide basis, :> FIGS GROUP TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 12 SECTION V: SDC CALCULATION This section provides a detailed calculation of the residential and non-residential SDCs. A. CALCULATED SDCS BY USE Dividing the reimbursement and improvement fee cost bases by projected growth in population and employees results in a calculated SDC per unit of growth. The results of this calculation are summarized in Table 5.1: Table 5.1: SDC Improvement Fee by Use Area-Specific SDC • ' • Area of City River Terrace Citywide SDC Outside RT Area Residential SDCs Total cost basis $41,477,856 $9,288,896 $4,735,613 Growth in population 21,183 15,009 6,174 SDC per capita $1,958 $619 $767 SDC per single family dwelling $4,985 $1,575 $1,953 SDC per multifamily/other dwelling $3,753 $1,186 $1,470 Non-Residential SDCs Total cost basis $10,303,226 Growth in employment 25,340 SDC per employee** $407 Note: Non-residential SDC is calculated on a cityw ide basis. *includes compliance costs.**SDC per employee to be assessed based on square feet of floor area. Because only 75 new employees are expected in River Terrace over the next 20 years, the non- residential overlay SDC for River Terrace would have been prohibitively expensive. Therefore, we have calculated the non-residential SDC on a citywide basis only. B. RESIDENTIAL AND NON-RESIDENTIAL SDC CALCULATIONS B.l Residential SDC Calculation When we convert population to the dwelling units, we can determine the total maximum allowable SDC fee per dwelling unit as shown in Table 5.1. SDCs for residential development are calculated by multiplying the number of dwellings (by housing category) by the corresponding SDC rate. B.2 Non-Residential SDC Calculation To calculate SDCs for proposed redevelopment of existing buildings, the SDC for non-residential uses will take into account the amount of floor area (square feet)proposed as a change in use. •:> FCS GIR()U P TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 13 The SDC calculation for new non-residential development takes into account the amount of proposed floor area (square feet). The Parks SDC for non-residential development will vary by the classification of development as shown in Table 5.2. Table 5.2: Parks SDC Conversion Factors for Non-Residential Uses arks SDC Per Employees Per parks SDC iCategor Employee ' 1,000 SFZ Per 1,000 SF General Industrial $473 1.25 $590.90 Warehousing/Distribution $473 0.80 $378.18 Flex $473 1.60 $756.35 Office $473 3.33 $1,574.16 Retail $473 2.22 $1,049.44 Institutional $473 2.00 $945.44 Source: Compiled by FCS Group SDC reflects proposed reimbursement, improvement and compliance fees. 2 Derived from Metro factors used for 2014 Urban Growth Report. C. ANNUAL ADJUSTMENT We have reviewed the City's method for annual adjustment of parks SDCs as summarized in the City's "Master Fees & Charges Schedule" and described more fully in Exhibit"A" of Resolution 01- 74, which the City Council first adopted on December 18, 2001. Because the index constructed under this method includes both land costs (based on data from the Washington County Assessor) and construction costs (based on data from the Engineering News Record), it is an especially appropriate index for adjusting parks SDCs. We therefore recommend continuing the current practice. D. CREDITS, EXEMPTIONS AND DISCOUNTS The Tigard SDC Procedures Guide will establish local policies for issuing credits and exemptions,annual adjustments, and other administrative procedures. D.l Credits A credit is a reduction in the amount of the SDC for a specific development. The Oregon SDC Act requires that credit be allowed for the construction of a"qualified public improvement" which(1) is required as a condition of development approval, (2)is identified in the City's capital improvements program, and(3)either is not located on or contiguous to property that is the subject of development approval,or is located on or contiguous to such property and is required to be built larger or with greater capacity than is necessary for the particular development project. The credit for a qualified public improvement may only be applied against an SDC for the same type of improvement(e.g.,parks land or improvements provided by a developer can only be used for a credit for towards parks SDC improvement fee payments), and must be granted only for the cost of that portion of an improvement which exceeds the minimum standard facility size or capacity needed to serve the particular project up to the amount of the improvement fee. For multi-phase projects, any excess credit may be applied against SDCs that accrue in subsequent phases of the original development project. In addition to these required credits,the City may, if it so chooses,provide a greater credit,establish a system providing for the transferability of credits,provide a credit for a capital improvement not identified in the City's SDC Capital Improvements Plan, or provide a share of the cost of an improvement by other means(i.e.,partnerships, other City revenues, etc.). •:> FCS GIR() P TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 14 D.2 Exemptions The City may exempt specific classes of development(i.e.,minor additions, etc.)from the requirement to pay SDCs. D.3 Discounts Section IV of this Tigard Parks SDC Methodology Report documented the maximum defensible SDC that can be established in Tigard (see Table 5.1). In accordance with the River Terrace Funding Strategy, the City of Tigard desires to establish its Parks SDC at a level that is below the maximum amount that it can charge. The City may discount the amount of the SDC by reducing the portion of growth-required improvements to be funded with SDCs. Alternatively, the City may decide to charge only a percentage (i.e., 50%, 75%, etc.) of the SDC rates required to fund identified growth-related facility costs. Because discounts reduce SDC revenues, they increase the amounts that must come from other sources, such as general fund contributions in order for the City to maintain levels of service. D.4 Tigard Parks SDCs After Discount Table 5.3 summarizes the discounted parks SDC improvement/compliance fees that the City of Tigard would initially charge for residential development after the new SDCs are established. The Tigard City Council has the discretion to remove SDC discounts in the future. Table 5.3: Park SDC Improvement Fee, After Discount Area-Specific SDC Citywide I Area of City Outside RT I River Terrace Area Average SDC Per Capita $1,669 $619 $767 Single-family residences $4,248 $1,575 $1,953 Multifamily/other residences $3,198 $1,186 $1,470 Non-Residential (per employee) $367 Source: discounted SDCs are required to comply with Council direction per the River Terrace Funding Strategy, December 2014. includes compliance costs. The citywide SDCs (after discounts) would be lower than the maximum SDC the City can charge to meet the policy objectives established by the River Terrace funding strategy. Hence, additional funding sources (such as parks utility fees, bonds, grants, etc.) would need to be identified to ensure that all projects contained in the long term capital project list can be funded by year 2035. E. EXISTING AND PROPOSED SDCS Table 5.4 summarizes the existing and proposed total Parks SDCs for the City of Tigard for reimbursement, improvement, and compliance charges after discounts. Once this Methodology Report is adopted, Parks SDCs would vary by location. Parks SDCs within the city(outside River Terrace) would initially be charged $6,824 per single family dwelling, $5,138 per multifamily dwelling, and $403 per new employee. Parks SDCs within River Terrace would initially be charged $7,201 per single family dwelling, $5,421 per multifamily dwelling, and $403 per new employee. *:,> FICS GROUP TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 15 Table 5.4: Current and Proposed Parks SDCs SDC Current Residential SDC per capita $ 2,753 SDC per single family dwelling $ 6,451 SDC per multifamily dwelling $ 5,156 Non-residential SDC per employee $ 446 SDC-i(revised)* Total SDC(revised) Citywide (corn m unity parks, Area Outside River Terrace trails,linear RT Overlay Overlay SDC-r parks,open (neighborhood (neighborhood Area River • Citywide space) parks) parks) Outside RT Terrace Residential SDC per capita $ 393 $ 1,669 $ 619 $ 767 $ 2,681 $ 2,829 SDC per single family dwelling $ 1,001 $ 4,248 $ 1,575 $ 1,953 $ 6,824 $ 7,201 SDC per multifamily dwelling $ 753 $ 3,198 $ 1,186 $ 1,470 $ 5,137 $ 5,421 Non-residential SDC per employee** $ 66 $ 367 $ - $ - $ 433 $ 433 Source:derived from prior tables.'SDC-r reimbursement fee;SDC-i=improvement fee.*Includes comFl�lance fee.**Non- residential SDCs calculations for new development are to be based on square feet of floor area(see Table 5.2). :> FIGS GROUP TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 16 APPENDIX •:> FCS GROUP TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 17 Appendix A-1, Estimated Tigard Parks Demand for Residents and Non-Residents . . . Non- , - Residents Residents Non- Employed, Work inside Work Work inside Ages 18+ Ages 5-17 City outside City City Total JOL Weekday Before work 1.00 1.00 Meals and breaks 1.00 1.00 After work 2.00 2.00 Other leisure 12.00 12.00 2.00 2.00 Total weekday 12.00 12.00 6.00 2.00 4.00 Weekend 12.00 12.00 12.00 12.00 Total summer 12.00 12.00 7.71 4.86 2.86 • Lu FTTI ,I .- Weekday Before work 0.50 0.50 Meals and breaks 1.00 1.00 After work 1.00 1.00 Other leisure 10.00 4.00 2.00 2.00 Total weekday 10.00 4.00 4.50 2.00 2.50 Weekend 10.00 10.00 10.00 10.00 Total spring/fall 10.00 5.71 6.07 4.29 1.79 Winter(December through Mar h) Weekday Before work 0.50 0.50 Meals and breaks 1.00 1.00 After work 0.50 0.50 Other leisure 8.00 2.00 1.00 1.00 Total weekday 8.00 2.00 3.00 1.00 2.00 Weekend 8.00 8.00 8.00 8.00 Total winter 8.00 3.71 4.43 3.00 1.43 Summer 0.33 0.33 0.33 0.33 0.33 Spring/fall 0.33 0.33 0.33 0.33 0.33 Winter 0.33 0.33 0.33 0.33 0.33 Total weighting factors 1.00 1.00 1.00 1.00 1.00 Demand by Population Group Daily weighted average hours 10.00 7.14 6.07 4.05 2.02 Census counts in Tigard 12,850 8,286 6,507 18,843 34,239 Potential daily demand in Tigard 128,500 59,186 39,507 76,269 69,293 372,755 Proportion 34.5% 15.9% 10.6% 20.5% 18.6% 100.0% Proportion by place of residence 81.4% 18.6% 100.0% Source: FCS GROUP,U.S.Census Bureau,2010-2012 American Community Survey 3-Year Estimates,tables DP03,DP05,and B08008;U.S. Census Bureau,On the Map application. :> FIGS GROUP TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 18 Appendix A-2, Estimated Tigard Parks Bond Payments PrincipalExisting Parks Bond Payments - Total Fiscal year ending June 30,2016 $ 665,000 $ 627,525 $ 1,292,525 Fiscal year ending June 30,2017 685,000 607,575 1,292,575 Fiscal year ending June 30,2018 705,000 587,025 1,292,025 Fiscal year ending June 30,2019 725,000 565,875 1,290,875 Fiscal year ending June 30,2020 750,000 544,125 1,294,125 Fiscal year ending June 30,2021 780,000 514,125 1,294,125 Fiscal year ending June 30,2022 810,000 482,925 1,292,925 Fiscal year ending June 30,2023 845,000 450,525 1,295,525 Fiscal year ending June 30,2024 875,000 416,725 1,291,725 Fiscal year ending June 30,2025 910,000 381,725 1,291,725 Fiscal year ending June 30,2026 950,000 304,950 1,254,950 Fiscal year ending June 30,2027 990,000 304,950 1,294,950 Fiscal year ending June 30,2028 1,030,000 262,875 1,292,875 Remainder of planning period 4,615,000 558,050 5,173,050 $ 15,335,000 $ 6,608,975 $ 21,943,975 Principal spent $ 12,535,000 81.74% Principal remaining 2,800,000 18.26% $ 15,335,000 100.00% Adjustmentto reimbursementfee $ 12,535,000 -1.87% $ 234,357 Adjustmentto improvementfee $ 2,800,000 91.07% $ (2,550,009) Source:CityofTigard;compiled by FCS Group. •:> FICS GROUP TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 19 Appendix A-3, Estimated Parks Inventory and Needs by Category Inventory and Needs by Category Neighborhood and Pocket Community Parks Parks Linear Parks Open Space Current lnver,Z-� Fully developed facilities River Terrace acres(miles for trails) 0 0 0 0 0 Rest of city acres(miles for trails) 51 155 53 240 16 Total fully developed facilities 51 155 53 240 16 Undeveloped land River Terrace acres(miles for trails) 0 0 0 0 0 Rest of city acres(miles for trails) 23 19 0 0 0 Total undeveloped land 23 19 0 0 0 Current Level of Service 11 Fully developed facilities Rest of city acres per 1,000 residents(miles for tra 1.00 3.05 1.04 4.73 0.32 Entire city acres per 1,000 residents(miles for trail 1.00 3.05 1.04 4.72 0.32 Land Rest of city acres per 1,000 residents(miles for tra 1.46 3.43 1.04 4.73 0.32 Entire city acres per 1,000 residents miles for trail 1.46 3.42 1.04 4.72 0.32 Standards,Surpluses,and Deficiencies Standard acres per 1,000 residents(miles for trails) 1.50 3.00 1.25 4.25 0.32 Fully developed facilities surplus(deficiency) River Terrace acres(miles for trails) (0.15) (0.31) (0.13) (0.43) (0.03) Rest of city acres(miles for trails) 25.12 2.75 (10.44) 24.32 0.03 Total fully developed facilities surplus(deficiency (25.28) 2.45 (10.56) 23.88 0.00 Land surplus(deficiency) River Terrace acres(miles for trails) (0.15) (0.31) (0.13) (0.43) (0.03) Rest of city acres(miles for trails) (2.12) 21.75 10.44 24.32 0.03 Total land surplus(deficiency) (2.28) 21.45 (10.56) 23.88 0.00 River Terrace Current developed acres 0.00 0.00 0.00 0.00 0.00 Development of undeveloped acres 0.00 0.00 0.00 0.00 0.00 Additional acres to acquire and develop 9.41 18.83 7.84 26.67 2.00 Total developed acres needed by 2035 9.41 18.83 7.84 26.67 2.00 Rest of city Current developed acres 51.00 155.00 53.00 240.00 16.20 Development of undeveloped acres 23.00 19.00 0.00 0.00 0.00 Additional acres to acquire and develop 24.64 23.27 29.20 39.47 4.75 Total developed acres needed by 2035 98.64 197.27 82.20 279.47 20.95 Entire city Current developed acres 51.00 155.00 53.00 240.00 16.20 Development of undeveloped acres 23.00 19.00 0.00 0.00 0.00 Additional acres to acquire and develop 34.05 42.10 37.04 66.14 6.75 Total developed acres needed by 2035 108.05 216.10 90.04 306.14 22.95 ®7`i`ia1yL-liiC�f i 4"ar!-+ r- 11 - Development and other costs 55.70% 100.00% 71.48% 100.00% 100.00% Land acquisition only 93.32% 100.00% 71.48% 100.00% 100.00% Maximum acres of development 57.05 61.10 37.04 66.14 6.75 Maximum acres of land acquisition 34.05 42.10 37.04 66.14 6.75 Eligible Costs for Reimbursement Fee Unit cost per acre of land(mile for trails) $ 400,000 $ 50,855 Unit cost per acre of development(mile for trails) $ 300,000 Reimbursable cost 1 $ - $ 9,313,497 $ - $ 1,214,637 $ Source: E-mails from Steve Martin(10/08/2014,10/14/2014 and 10/27/2014);Park System Master Plan,2009. :> FIGS GROUP TIGARD, OREGON Parks & Recreation SDC Methodology Report May 2015 page 20 This page intentionally left blank •:> FCS G1-RxC)U P