Backup Documents 06/13/2017 Item #10ABoard of County Commissioners
June 13, 2017
Objectives
1.Creates new payment mechanism
2.Potentially allows impact fee obligation to be shared over
multiple owners
3.Seeks to create more sustainable funding stream
4.Does not change methodology for the calculation of the
impact fees
Establishing a Baseline
1.Historical information on taxable value, permitting activity,
and tax increment financing (TIF) revenue provides a
baseline to measure program performance.
2.Monitoring standard
Regular staff updates available
Annual report to Board
23
39 40
19
4
1 1 0
0
5
10
15
20
25
30
35
40
45
2014 2015 2016 2017 thru May
IMMOKALEE CRA PERMITS ISSUED
Residential
Commercial
$236,827,099
$257,005,747
$279,386,530
$299,890,374
$0
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
$300,000,000
$350,000,000
2014 2015 2016 2017Taxable ValueYear
IMMOKALEE CRA
Taxable Value by Year
$88,181,509
$108,360,157
$130,740,940
$151,244,784
$0
$20,000,000
$40,000,000
$60,000,000
$80,000,000
$100,000,000
$120,000,000
$140,000,000
$160,000,000
2014 2015 2016 2017Incremental ValueYear
IMMOKALEE CRA
Incremental Value by Year
$319,800
$356,000
$440,300
$544,600
$-
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
FY14 FY15 FY16 FY17Revenue
Fiscal Year
IMMOKALEE
TIF Revenue by Fiscal Year
Next Steps
1.Coordination for program participation with School Board and
Immokalee Fire District
2.Discuss process of assessment and collection with Property Appraiser and
Tax Collector including administrative charges that may be required
3.Identify other administrative costs including interest and fees that will be
passed on to participants
4.Determine staffing needs for the implementation, administration, and
monitoring of the program