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Agenda 12/14/2010 Item #16A25 Agenda Item No. 16A25 December 14, 2010 Page 1 of 57 EXECUTIVE SUMMARY Recommendation to review and accept the Ave Maria Stewardship District Five-Year Fiscal Monitoring Report. OBJECTIVE: To obtain direction with respect to the acceptance of the November 3, 2010 "Ave Maria Stewardship District Five-Year Fiscal Monitoring Report." CONSIDERATIONS: The County's Rural Lands Stewardship Area (RLSA) Overlay Program was established in response to the Final Order from the Governor and Cabinet on June 22, 1999, which required the County to better protect environmentally sensitive lands, direct incompatible land uses away from listed species and their habitat, protect prime agricultural lands, etc., primarily in the rural areas of Collier County. This Program is an incentive based land use overlay system designed to encourage sustainable land usc pattcrns in the Eastern Lands portion of the County (approximately 195,000 acres surrounding thc Immokalee Urban area) and achieve the requirements of the Final Order. The RLSA Overlay was adopted within the County's Growth Management Plan (GMP) in October 2002 and the implementing land development regulations were adopted within the Land Development Code (LDC) in 2004. Both the GMP and thc LDC provide the guidelines and specific criteria for the establishment and monitoring of developmcnts participating in the Stewardship Program, i.e. Stcwardship Receiving Areas (SRAs). These requirements include provision of a fiscal impact analysis and developmcnt absorption schedule at approval so as to demonstrate fiscal neutrality to the County tax base, as well as a public facilities fiscal impact analysis every five years thereafter until such time when the SRA achieves ninety (90) percent build-out. The fIrst and only SRA approved within the RLSA is the Town of Ave Maria, approved by the Board of County Commissioners on June 14, 2005. Below is the projected development absorption schedule from the 2005 SRA approval. 2006 2007 2008 2009 Single Family 480 610 760 760 Multi Family 280 330 2XO 280 Total Units 760 940 1.0411 1.1140 Total Office 31,800 43,31111 47,9110 48AOII Total Retail 44,000 61,41111 64,XIIO 60.400 Totallnst./Govt. 840,740 155.985 235,222 222,607 Hotel Rooms 0 0 110 0 Golf Course Holes 18 IS 9 0 Golf/Swim/Tennis Club 2,500 0 211,11110 II 2010 Totals 760 580 1,340 5,120 64,700 236,100 66,500 297,100 245,079 1,699,633 0 110 0 45 5,000 27,500 Page 1 of9 Ave Maria Stewardship District 5-Year Fiscal Monitoring Report BCC Hearing Date 12/14/10 Agenda Item No. 16A25 December 14, 2010 Page 2 of 57 The 2005 SRA approval also included the adoption of Developer Contribution Agreements for both Transportation and Public Schools to mitigate for the expected impacts on those public facilities, as shown in the table below. Transferred Impatt Fee Developer Contribution Value to Coullty Credit Available or School District Right- 01- Way (155 ac.) $7.8 million III Full No Storm water Capacity $1.5 million Partial No Design/Permitting (Oil Well Rd. $7.546 millioll Partial Yes Improvements) Fill at Cost $JJ million Partial No School Site (46 ac.) $2.745 million Yes Yes Five-years have passed since the approval of the Town of Ave Maria SRA, and the project has not reachcd ninety (90) percent build-out. Pursuant to the Collier County Growth Management Plan (FLUE RLSA Policy 4.18) and the Collier County Land Development Code (Section 4.08.07 L.2.), the developer f()r the SRA submitted the "Ave Maria Stewardship District Five- Year Fiscal Monitoring RepOlt" in July 2010 for review and comment by the County. This Report provides the fiscal assessment of the project's development impacts on the Collier County tax base over the past five years, 2005 - 20] O. The table bclow details the SRA's actual development volume for years 2005 - June, 2010. Unit of Measurement Volume Single Family Dwelling Unit 231 Multi Family Dwelling Unit 143 Total Units 374 Total Commercial Square Feet 112,905 Total Office Square Feet 62,595 Institutional Ave Maria University Stuuents 650 Ave Maria University Faculty 88 K-12 Private School Students 194 K-12 Private School Faculty 13 Church Square Feet 68,740 Day Care Center Students 27 Day Care Center Faculty 6 Parks/Recreation North Pa rk Acres 40.55 Water Park/Tennis Acres 17.80 Aquatic Facility Square Feet 6,300 South Park Acres 20.07 Amphitheatre Square Feet 2,800 Golf Course Hl)!es 18 In order to determine the impacts resulting from the SRA, staff verified the accuracy of, and analyzed, the operating and capital revenues and expenditures for providing public facilities and services to the Town of Ave Maria SRA. Below is the summary of the applicant's analysis Ave Maria Stewardship District 5-Year Fiscal Monitoring Report Bee Hearing Date 12/14/10 Page 2 0[9 Agenda Item No. 16A25 December 14,2010 Page 3 of 57 results fbr the public facilities and services listed in LDC Section 4.08.07 L.2., as well as govemment buildings, correctional facilities and libraries, followed by staffs review comments. · Transportation: Capital- Revenues* Impact Fees Collected $ 9,497,991 Capital- Expenditures** $14,01],009 Net Capital Impact -$4,513,018 *To avoid overcharging new development fill' the capital cost of roads, gas tax credits and ad valorem credits are provided to account for other revenues that are generated by new development and used to pay fbr this same capital facility that is paid in part by impact fees. (Source: Collier Coun~v Tran;,portation Impact Fec Update Study. dated February 19, 2(09) Note: The Developer Contribution Agreement adopted by the Board of County Commissioners on April 26, 2005 includes provisions for thc developer to provide right-of- way (l55 acres valued at $7.8 million, without allowance for impact fee credits), stonnwater capacity (valued at $1.5 million, without allowance for impact fee credits), fill at cost (valued at $ I I million, without allowance f(lr impact fee credits), and design and pennilling for Oil Well Road improvements (with impact fee credits estimated at $7.546 million); and, for the Board to accelcrate improvements to certain surrounding roadways, including Oil Well Road (in part, based on the projected absorption schedule approved with the SRA in 2005). The County has expended approximately $39,184,999 for the expansion of Oil Wcll Rd. - from Immokalee Rd. to cast of Everglades Blvd. ($19,720,743.77) and from a point west of Oil Well Grade to east of Camp Keais Rd. ($19,464,255.41). And, the developer has provided all right-of-way and has partially fulfilled other road-related commitments. **Capital Expenditures in the ana~ysis represent the cost of capacity for each new unit of growth. The cost to provide an increment of a capital facility is taken from the impact{ee studies. These costs are then allocated to each land use within the project. Expenditures shown do not necessarily reflect actual COWlty fimds expended on the project to date, but rather the cost to provide an increment of the capitalfacility. . Parks: Capital- Revenues* Impact Fees Collected $1,389,170 Capital- Expenditures** $ I ,629,685 Net Capital Impact -$240,515 Ave Maria Stewardship District 5-Year Fiscal Monitoring Report Bee Hearing Date 12/14/10 Page 3 of9 Agenda Item No. 16A25 December 14. 2010 Page 4 of 57 *1'0 avoid overcharging new development .for the capital cost of providing parks and recreation services, a capital eJ.pansion expenditures credit and debt service credit is provided to account jbr other revenues that are genera/ed by new development and used to pay for this same capita/facility that is paid in part by impact fees. (Source: Collier County Parks and Recreation Impact Fee Update Study, dated June 26, 2!J!J9) **Capital expenditures in the analysis represent the cost of capacity jbr each new unit of growth. The cost to provide an increment ola capital facility is taken from the impactfee studies. These costs are then allocated to each land use within the project. Expenditures shown do not necessarily reflect actual coun~v funds expended on the project to date. but rather the cost to provide an increment of the capita/facility. · Law enforcement: Capital- Revenues* Impact Fees Collected $161,076 Capital- Expenditures** $313,484 Net Capital Impact -$152,408 *1'0 avoid overcharging new development for the law enforcement impact fee, various credits are provided to accountfbr other revenues that are generated by new development and used to pay for this same capitalfacility that is paid in part by impact fees. (Source: Collier County Law Enjorcement Impact Fee Update Study, dated May 5, 2!J!J6) **Capital Expenditures in the anaZvsis represent the cost of capacity jar each new unit of growth. The cost to provide an increment of a capital jilcility is taken from the impact fee studies. These costs are then allocated to each land use within the project. Expenditures shown do not necessarily reflect actual county fimds expended on the project to date, but rather the cost to provide an increment of the capita/facility. · Emergency medical services: Capital - Revenues Impact Fees Collected $ 119,489 Capital- Expenditures** $ 119,489 Net Capital Impact $0 Impact fees cover one-hundred (100) percent of the capital expansion expenditures; therefore, impact fees paid are equal to capital expenditures. (Source: Collier County Emergency Medical Services Impact Fee Study Update, dated January 6, 2006) **Capital Expenditures in the analysis represent the cost of capacity for each new unit of Ave Maria Stewardship District 5-Year Fiscal Monitoring Report BCe Hearing Date 12/14/10 Page 4 0[9 Agenda Item No. 16A25 December 14, 2010 Page 5 of 57 growth. The cost to provide an increment of a capitalfacility is taken from the impactfee studies. These costs are then allocated /0 each land use within the project. Expenditures shown do not necessarily reflect actual county funds expended on the project to date. but rather the cost to provide an increment of the capitalfacility. · General Government Buildings: Capital- Revenues* Impact Fees Collected $709,986 Capital- Expenditures** $806,864 Net Capital Impact -$ 96,878 *To avoid overcharging new developmen/ j(Jr the government buildings impact fee, a capital improvement credit is provided to account fiH other revenues that are generated by new development and used to pay for this same capital facility that is paid in part by impact fees. (Source: Collier County General Government Building Impact Fee Update Study, dated May 8, 2(06) **Capital txpenditures in the analysis represent the cost of capacity for each new unit of growth. The cost to provide an increment of a capital facility is /aken from the impact fee studies. Thesc costs are then allocated to each land use within the project. Expenditures shown do not necessarily reflect actual county funds expended on the project to date, but rather the cost to provide an increment of /he capitalfacility. · Correctional Facilities: Capital- Revenues* Impact Fees Collected $387,452 Capital - Expenditures** $414,528 Net Capital Impact -$ 27,076 *To avoid overcharging new development for the correctional facilities impact fee, a capital expansion expenditures credit and debt service credit are provided to account for other revenues that are generated by new development and used to pay for this same capital facility that is paid in part by impact fees. (Source: Collier County Correctional Facilities Impact Fee Update Study, dated April 29, 2(09) **Capital Expenditures in the analysis represent the cost of capacity for each new unit of growth. 77,e cost to provide an increment ofa capital facility is taken from the impact fee studies. These costs are /hen allocated to each land use within the project. Expenditures shown do not necessarily reflect ac/ual county funds expended on the project to date, but rather the cost to provide an increment of the capital facility. Ave Maria Stewardship District 5-Year Fiscal Monitoring Report Bee Hearing Date 12f14/1 0 Page 5 0[9 Agenda Item No. 16A25 December 14. 2010 Page 6 of 57 . Library: Capital - Revenues Impact Fees Collected $ J 97,534 Capital- Expenditures** $] 97,534 Net Capital Impact $0 Generally, the impact fees collected cover one-hundred (l00) percent of the capital expansion expenditures - except for the inclusion of the occasional donation and/or grant; therefore, impact fees paid are equal to capital expenditures. (Source: Collier County Library Facilities and Items/Equipment Impact Fee Update, dated April 4, 2006) **Capital Expenditures in the analysis represent the cost of capaeity for each new unit of growth. The cost to provide an increment of a capital facility is taken .tram the impact fee studies. These costs are then allocated to each land use within the project. Expenditures shown do not necessarily reflect actual county funds expended on the project to date, but rather the cost /0 provide an increment of /he capitalfacili~v. The table below details the overall summary of the fiseal impacts resulting from Collier County Governmcnt providing public facilities and services to the Town of Ave Maria. Operating - Revenues Operating ~ Expenditures Fiscal Impact $1.346,113 $1,028.950 Description Current Year Totals Current Year Totals Operating - Net Impact $317,163 Capital- Revenues Impact Fees Right-of Way Contribufion Design/Permitting (Oil Well Rd.) Road Credit Applied - Permits $12,462,69X $ 7,800.000 $ 6.636,491 $ 909,509 Cumulative Impact Fees Paid Developer Commitment - No Credits Developer Commitment - Unused balance Credits applied to project permits (Oil Well design/permitting) Subtotal- Capital Revenne $27,808,698 Capital- Expenditures $17,492,593 Cumulative Capital Expeuditures Capital- Net Impact $10,316,105 Combined Net Impact $10,633,268 Total Current Operating & Total Cumulative Capital Note: Certain Revenue and Expenditure categories were estimated based on modified per capita estimates using the latest published Counly hudget. The following seven (7) facilities are provided by private sector or independent government entities, thereforc, do not have any impact upon the public facilities and services provided by Collier County Government. Ave Maria Stewardship District 5-Year Fiscal Monitoring Report Bee Hearing Date 12/14/10 Page 6 of9 Agenda Item No. 16A25 December 14, 2010 Page 7 of 57 · Fire: (Immokalee Fire Control and Rescue District (IFCRD)] Capital- Revenues* Impact Fees Collectcd Capital - Expenditures Net Capital Impact Operating - Rcvenucs** $1,248,559 $1,248,559 $0 $553,892 Operating - Expenditures** $1 I 5,699 Net Operating Impact Ovcrall Net Impact $438,193 $438,193 *The Immokalee Fire District's impactfees cover one-hundred (100) percent of the capital costs attributable to new development; therefore, impact fees paid are equal to capital expenditures. (Source: Collier Coun/y 2005 Fire/Rescue Services Impact Fee Update Study) Additionally, the proposed new.fire station planned to accommodate Ave Maria University, as identified in the District '0' Master Plan, will be fimded entirely by impact fees. ** With the exception of Ad Valorem revenues. the SRA '0' impacts on the IFCRD's Operating revenues and expenditures are calculated using a modified per capita approach. Generally, this translates into calculating a District-wide .full time equivalency (FTE) .figure and then dividing /hat .figure into the IFCRD '0' annual budget to derive a per capita revenue and expenditure figure. 'lYlese .figures are then applied to the Ave Maria SRA '0' FTE to determine the development's impacts (refer to pages 9-11 in the "Ave Maria Stewardship District Five- Year Fiscal Monitoring Report" .for methodology explanation). . Schools: Capital - Revenues Annual Capital Revenues: Ad Valorem - Capital State Sources - Capital Total Impact Fee Revenue: Impact Fee Capital Revenue Impact Fee Credits Applied Balance - Impact Fec Cr. Total $245,352 $ 1,623 $246,975 $2,619,737 $ 147,029 $2,597,971 $5,364,737 Ave Marla Stewardship District 5- Year Fiscal Monitoring Report Bee Hearing Date 12/14/10 Page 7 of9 Agenda Item No. 16A25 December 14, 2010 Page 8 of 57 Capital- Expenditures* Cost of Student Stations: Elementary School Stations Middle School Stations High School Stations Total $631,668 (10 students, Fall 2009) $ 189,500 (3 students, Fall 2009) $63 I ,668 (10 students, Fall 2009) $1,452,836 Net Capital Impact $ 4,158,876 Operating - Revenues** $726,962 Operating - Expenditures** $726,962 Net Operating Impact $0 Overall Net Impact $4,158,876 *Capital Expenditures in the analysis represent the cost of capacity for each new unit of growth. The cost to provide an increment of a capital facility is taken pam the impact fee studies. These costs are then allocated to each land use within the project. Expenditures shown do not necessarily reflect actual county funds expended on the project to date, but rather the cost to provide an increment of/he capitalfacility. **The Florida Board of Education (FBOm sets the operational millage rate for each school district in the State and requires that a balanced budget be maintained for each district. Therefore, it is assumed that the operational expenditures for the school district equal the amount generated/i'om thc FBOE millage rate. · Potable water: The potable water system includes the water supply, treatment, storage, and distribution system. This system is privately owned, operated and maintained by the Ave Maria Utility Company, LLLP, and therefore does not affect the County tax base. . Wastewater: The Ave Maria Utility Company, LLLP, operates and maintains a municipal quality advanced secondary wastewater treatment plant that produces irrigation quality reclaimed water for disposal. The SRA's wastewater system is privately owned, operated and maintained, and therefore does not affect the County tax base. · Irrigation water: The Ave Maria Utility Company, LLLP, treatment plant provides non-potable irrigation water to the SRA. Additional irrigation water is acquired from the surface water located in stonnwater management ponds and groundwater wells. This system is private and therefore does not affect the County tax base. Ave Maria Stewardship District 5.Year Fiscal Monitoring Report Bee Hearing Date 12/14/10 Page 8 0[9 Agenda Item No. 16A25 December 14, 2010 Page 9 of 57 · Stormwater management: The Ave Maria Stewardship District operates and maintains a stOlmwater management system that includes a network of lakes, detention areas, culverts, and water control structures. This system is private and there lore docs not affect the County tax base. · Solid waste: Solid waste generated fi'om the projcct is collected by Collier County's contract hauler. Service fccs are assessed to covcr all costs and therefore have no effect on the County tax base. The actual development within the SRA is less than that projected in the development absorption schedule approved with the SRA in 2005. This resulted in fewer impact fees collected than originally projected and less generated need for infrastructure and services. Based on the review of the SRA Five-Year Fiscal Monitoring Report and supporting data and analysis, staff has detennined that the impact fees collected combined with certain developer contributions and operational contributions result in an overall positive net impact to the County tax base. FISCAL IMPACT: The review and acceptance of this Report has no fiscal impact. GROWTH MANAGEMENT PLAN (GMP) IMPACT: This Report fulfills the requirements of the Future Land Use Element RLSA Policy 4.18 and Land Development Code Section 4.08.07 L.2. LEGAL CONSIDERATIONS: This Report fulfills the requirements of the Future Land Use Element RLSA Policy 4. I 8 and Land Developmcnt Code Section 4.08.07 L.2. -- HFAC RECOMMENDATION: Staff recommends that the Board of County Commissioners accept the November 3, 2010 "Ave Maria Stewardship District Fivc- Y car Fiscal Monitoring Report." Preparcd by: Michelc Mosca, AICP, Principal Platillcr, Land Development Services Department, Growth Management Division/Planning and Regulation Attachment: Ave Maria Stewardship District 5-Year Fiscal Monitoring Report Ave Maria Stewardship Distrlct5.Year Fiscal Monitoring Report Bee Hearing Date 12/14/10 Page 9 of9 Item Number: Item Summary: Meeting Date: Agenda Item No. 16A25 December 14, 2010 Page 10 of 57 COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS 16A25 Recommendation to review and accept the Ave Maria Stewardship District Five-Year Fiscal Monitoring Report. 12/14/20109:00:00 AM Prepared By Michele R. Mosca, AlCP Community Development & Environmental Services Principal Planner, AICP Date Zoning & Land Development Review 11/22/201011:06:19 AM Approved By Mike Bosi, AICP Community Development & Environmental Services Manager. Planning Date Comprehensive Planning 11/221201011:27 AM Approved By Judy Puig Community Development & Environmental Services Operations Analyst Community Development & Environmental Services Date 11/22/201011:28 AM Approved By William D. Lorenz, Jr., P.E. Community Development & Environmental Services Director - CDES Engineering Services Date Engineering & Environmental Services 11/22/20101:22 PM Approved By Nick Casalanguida Transportation Division Director - Transportation Planning Date Transportation Planning 11122120102:25 PM Approved By Norm E. Feder, Alep Transportation Division Administrator ~ Transportation Date Transportation Administration 11/22/20103:37 PM Approved By Heidi F. Ashton County Attorney Section Chief/Land Use-Transportation Date County Attorney 1211/201012:12 PM Approved By OMS Coordinator County Manager's Office Date Office of Management & Budget 1211120103:30 PM Approved By Therese Stanley Manager ~ Operations Support - Trans Date Agenda Item No. 16A25 December 14, 2010 Page 11 of 57 Office of Management & Budget Office of Management & Budget 1211120103:35 PM Approved By Jeff Klatzkow County Attorney Date 12/2120103:17 PM Approved By Leo E. Ochs, ,Jr. County Manager Date County Managers Office County Man<'lgers Office 12151201012:20 PM Itom "n 1"8')" December 14, 2010 Page 12 of 57 1.-. Ave Maria Stewardship District 5-Year Fiscal Monitoring Report Collier County, FL Revised and Updated November 3, 2010 (. Prepared For Barron Collier Companies Prepared By Fishkind & Associates, Inc. 1415 Panther Lane, Suites 346/347 Naples, Florida 34109 239-254-8585 http://www.fishkind.com Agenda Item No. 16A25 December 14. 2010 Page 13 of 57 Executive Summary The Town of Ave Maria ("Project") is a master planned, mixed use town currently under development between Naples and Immokalee in the Rural Lands Stewardship Area ("RLSA") of Collier County ("County"), Florida. The Project is being developed as a Stewardship Receiving Area ("SRA") by Ave Maria Development ("Developer") and encompasses 1 0,805 acres in the RLSA, of which 4,995 acres are being developed as a town anchored by Ave Maria University. Section 4.08.07 L of the Collier County Land Development Code ("LDC") requires that SRAs within the RLSA be subject to periodic fiscal monitoring to assure neutrality to the County and other units of local government every five years until the SRA is 90% built out. This report is prepared in satisfaction of the monitoring requirement. The three units of local government analyzed are: Collier County, District School Board of Collier County, and the Immokalee Fire Control District. For this analysis the Collier County Fiscal Impact Analysis Model ("FlAM") was utilized. FlAM was developed by the Consultant under contract with the Florida Department of Community Affairs ("DCA"). FlAM is designed to serve as the prototype fiscal and economic assessment tool for local governments in Florida. On October 26, 2007 the Collier County Board of County Commissioners ("BOCC") voted to adopt the FlAM and authorized Staff to utilize FlAM as a supplemental planning tool to meet the requirements of the LDC. The Consultant used Version 7.5 for this analysis. Fishkind & Associates, Inc. has obtained the most current data available as of the five-year anniversary date and has been meeting with the County over the past few months to go through the workings of the County's adopted fiscal impact analysis model in preparation for the report's submission. Table E1 on the next page shows summary results of Project's fiscal impact to the County. Ave Maria Stewardship District Fiscal Monitoring Report Page 2 of 41 Agenda item No. 16A25 December 14, 2010 Page 14 of 57 Table E1. Summary of Project Fiscal Impacts to County Fiscal Impact Description Operating - Revenue $1,346,113 Reflects Current Year Totals Operating - Cost $1,028,950 Reflects Current Year Totals ------------ ------------ Operating - Net Impact $317,163 Capital. Revenue Impact Fees $12,462,698 Cumulative Total of Impact Fees Paid ROW Contribution $7,800,000 No Credit to be Taken Desiqn/Permittinq $6,636,491 Reflects Unused Balance Credit Applied. Road DCA $909 509 Reflects Credit Applied to Permits Subtotal - Capital Revenue $27,808,698 Capital - Cost $17,492,593 Cumulative Total of Capital Cost ------------ ------------ Capital - Net Impact $10,316,105 Combined Net Impact $10,633,268 Current Total of Operatinq & Cumulative Total of Capital The table shows that the Project is currently generating $317-thousand annually in net operating impacts. From a capital perspective, the Project has cumulatively generated a positive net capital impact of $10.3-million to the County. The sum of current year net operating impact and cumulative net capital impact yields a total net impact of $1 O.6-million. Table E2 on the next page shows summary results of Project's fiscal impact to the District School Board of Collier County ("DSBCC"). Ave Maria Stewardship District Fiscal Monitoring Report '. Page30f41 Agenda Item No. 16A25 December 14, 2010 Page 15 of 57 Table E2. Summary of Project Fiscal Impacts to School District ...------ Elementary School Students 10 DSBCC, Fall 2009 Middle School Students 1------.. 3 [)SBCC, Fall 2009 ..- Hioh School Students ._-- e-------- 10 DSBCC, Fall 2009 Total Students (FTE) 23 - . e--......----.--.. - 2009 Taxable Value $185,591,558 Taxable $ - School District Purposes ... Ooeraiinn Imoacts . .- ----- ---~ ---- Calcul~ted (based on millaoe set bv State) Annual Ooeratino Ad Valorem Revenue $726,962 Estimated Annual Ooeratina Costs $726 962 Assumed to be Neutral to Revenue Estimated Net Operating Impact "--'--~--~ - $0 - --------... I __~m Annual Caoital Revenues Ad Valorem - Capitallmorovement $245,352 Calculated State Sources - Caoital Proiects .-...- $1,623 Calculated Local Sales Tax-School Caoital ........... $0" Calculated Total Annual Capital Revenues $246,975 ---.._.~ ...- ------- -- Cumulative Canital Revenues - ~-_.- Imoact Fee Caoital Revenue $2,619,737 Imoact Fee Deol. __..m__________ .._-------. .-.-....- Total Amount of School Impact Credits $2,745,000 Imoact Fee Depl. Impact Fee Credits Applied to Permits ~147 029 Imoact Fee Deol. Remalnino Balance - Impact Fee Credits $2,597,971 Imoact Fee Caoital Revenue $2,619,737 Imoact Fee Depl. Impact Fee Credits Applied to Permits $147,029 Impact Fee Deol. Remalnino Balance - Imoact Fee Credits $2 597 971 Imoact Fee Deol. Total Cumulative Capital Revenue $5,364,737 Cumulative Canital Exoenditures -_.._.~---_. .n Caoital Expenditures (cost of student stations) Elementary School Student Stations - ..- ---- $631,668 Calculated from Impact Fee Studv Middle School Student Stations $189,500 Calculated from Impact Fee Studv Hloh School Student Stations $631 668 C_~lculated from Impact Fee Studv Cost of Student Stations Required $1,452,836 Net Caoital R~~enue (E~p~~diture)--' -,..._-- - -------- __..___~~ 58,876 Calculated The table shows that revenues generated by the Project more than cover the costs associated with the Project's public school students. The Project currently generates $727-thousand in annual operating revenues for the DSBCC. The operating impact is assumed to be zero becal;lse the State sets the millage rate to meet operating expenditures. Ave Maria Stewardship District Fiscal Monitoring Report Page 4 of41 Agenda Item No. 16A25 December 14, 2010 Page 16 of 57 From a capital perspective, the Project currently generates $247-thousand annually in capital revenues for the DSBCC in the form ad valorem taxes and state sources. Cumulatively, the Project has generated $2.62-million in impact fees not including $147-thousand in impact fee credits applied to permits. The Project has $2.6-million in impact fee credits remaining to draw upon against future permits. The cumulative capital cost (student station cost) required to accommodate public school students within the Project totals $1.5-million. By combining the annual and cumulative capital revenues with the cost of student stations required a net capital impact can be calculated. The Project has generated a net capital impact to the DSBCC of $4.2-million. Impacts to the Immokalee Fire Control District are shown on the next page. (Rest of Page Left Intentionally Blank) Ave Maria Stewardship District Fiscal Monitoring Report Page 5 of 41 Agenda Item No. 16A25 Decernber 14. 2010 Page 17 of 57 Table E3 below shows summary results of the Project's impacts on the Immokalee Fire Control District. Table E3. Summary of Project Fiscal Impacts to Immokalee Fire Control District Oneratinn Revenues - Ad Valorem $548,268 3.0 Mills times Taxable Value Insnection Fees $3,537 Per Canita Amount times AMSD FTE Interest Income $1,946 Per Capita Amount times AMSD FTE Other Misc. Revenue ------. $53 Per Capita Amount times AMSD FTE -~...- "" Public Safetv Grant "-" ---. ~ Per Capita Amount times AMSD FTE Total Revenues $553,892 Qneratino Exnenditures Personnel '-'----"--- __...187,986 Per Capita Amount times AMSD FTE Contracted Services ----....-.-- .'-0' $3,957 Per Capita Amount times AMSD FTE Ooeratina $3,859 Per Caoita Amount times AMSD FTE Maintenance $3,382 Per Capita Amount times AMSD FTE leoal Advertising ---- -. $106 _f',er Capita Amount times AMSD FTE Supplies $4,128 Per Capita Amount times AMSD FTE Public Safetv Grant $141 Per Caoita Amount times AMSD FTE : Contingency u $4,818 Perc;apita Amount times AMSD FTE Other Uses $7 322 Per Caoita Amount times AMSD FTE Total Expenditures $115,699 Net Qoeratino Imoact $438,194 Calculated Canital Revenues Cumulative Impact Fees Paid $1,248,558.83_ Imoact Fee Deol. . . Canital Exnenditures '1:1---- Capital Cost - -..- 1 248 558.83 Imoact Fees cover full caoital cost -. -- -- Net Canitallmoact $0.00 .. -'--- Net Fiscal Imoact ---------", $438,194 Cumulative total of caoital, annual total of ooeratino The table shows that the Project is currently generating an operational impact of $438-thousand annually. The Project has paid $1.25-million cumulatively in impact fees so far to the IFCD. The Project's capital impact is neutral as impact fees entirely cover associated capital cost. Therefore, the Project currently generates a $438-thousand surplus for the IFCD annually. These results show that the Project pays for itself in total. Ave Maria Stewardship District Fiscal Monitoring Report Page 6 of41 Agenda Item No. 16A25 December 14,2010 Page 18 of 57 1.0 Introduction 1 .1 Background The Town of Ave Maria ("Project") is a master planned, mixed use town currently under development between Naples and Immokalee in the Rural Lands Stewardship Area ("RLSA") of Collier County ("County"), Florida. The Project is being developed as a Stewardship Receiving Area ("SRA") by Ave Maria Development ("Developer") and encompasses 1 0,805 acres in the RLSA, of which 4,995 acres are being developed as a town anchored by Ave Maria University. At completion, the Project is estimated to contain 11,000 residential units including 6,876 single family and 4,124 multi family units. An assisted living facility is forecasted to contain 450 units. The commercial aspects of the Project will encompass 1,200,000 square feet including 690,000 square feet of retail space and 510,000 square feet of office space. Specialty commercial uses include 3 hotels totaling 400 rooms, 148,500 square feet of civic space, 35,000 square feet of medical space and an Oratory encompassing 75,000 square feet. . Public uses already in the Project include the 955-acre Ave Maria University ("AMU"), which is the community focal point and is located just west of the town center. When fully operational, AMU will be home to 6,000 students and contain academic and administration buildings, student and administration housing, recreation, sports and support facilities. 1.2 Assignment Section 4.08.07 L of the Collier County Land Development Code ("LDC") requires that SRAs within the RLSA be subject to periodic fiscal monitoring to assure neutrality to the County and other units of local government. An excerpt of the requirement is shown below; please refer to the appendix for full text. "Monitoring Requirement. To assure fiscal neutrality, the developer of the SRA shall submit to Collier County a fiscal impact analysis report ("Report'J every five (5) years until the SRA is ninety (90) percent built out. Ave Maria Stewardship District Fiscal Monitoring Report Page 7 of41 Agenda Item No. 16A25 December 14, 2010 Page 19 of 57 According to the Southwest Florida Regional Planning Council the Town of Ave Maria received its development order on 6-14-05. Fishkind & Associates, Inc., ("Consultant") has been contracted by the Developer to conduct a fiscal impact analysis to satisfy its 5-year monitoring requirement. The three units of local government analyzed are: Collier County, District School Board of Collier County, and the Immokalee Fire Control District. 2.0 Analysis Process This analysis estimates the impact of the Project to the County and local governments' fiscal balance. The Collier County LDC stipulates the analysis be conducted using one of two approaches. a. Collier County Fiscal Impact Model. The fiscal impact model officially adopted and maintained by Collier County. b. Alternative Fiscal Impact Model. If Collier County has not adopted a fiscal impact model as indicated above, the applicant may develop an alternative fiscal impact model using a methodology approved by Collier County. For this analysis the Collier County Fiscal Impact Analysis Model ("FIAM") as adopted by the BOCC is utilized. FlAM was developed by the Consultant under contract with the Florida Department of Community Affairs ("DCA"). FlAM is designed to serve as the prototype fiscal and economic assessment tool for local governments in Florida. On October 26, 2007 the BOCC voted to adopt the FlAM and authorized Staff to utilize FlAM as a supplemental planning tool to meet the requirements of the LDC. The Consultant used Version 7.5 for this analysis. FlAM provides estimates of the costs and revenues to local governments associated with their land use decisions. FlAM examines both the long range and near term impacts and it provides estimates for the effects of land use decisions on both the operating budget and the capital budget of the local government. FlAM is suitable for conducting analysis of individual projects, development corridors, and entire comprehensive plans. FlAM has been used for fiscal impact analysis in thirty-six Florida communities. Ave Maria Stewardship District Fiscal Monitoring Report Page 8 of41 Agenda Item No. 16A25 December 14, 2010 Page 20 of 57 Fiscal Impact Analysis Model Calibration The FlAM model used in the development scenario has been calibrated based on the latest adopted budget and demographics for the County. The Consultant gathered accurate and current information regarding the demographics, budget and per capita rates of the County's capital and operational revenues and costs. In this way, FlAM is properly calibrated to reflect the specific environment of the County with its unique budget and characteristics. Furthermore, FlAM also includes budgetary history for the County. This provides the base for FlAM to project inflation rates over the long term. Modified Per Capita Method Local governments receive revenues from the land, development and the activities of their populations of residents, workers and visitors. The major portion of these revenues is in the form of taxes (Property Tax, Sales Tax, Gas Taxes, Utility Taxes, Resort Tax, etc.) and fees, assessments and charges for service (permits, impact fees, waste collection and lighting assessments, etc.). Local governments also render services to all residents, to all who are working in the County, and to all visitors to the County. Therefore, on the cost side of the equation, counties incur costs to provide services to residents, those employed in the County, and to visitors. At some point during a 24- hour period, a resident may become a person employed in the County, and then later in the day may be a resident again. To such an individual, the County has rendered services for a full 24 hours. Other residents may leave the County to work in another County. In this case, the County only provides services to that person when they are physically in the town. For those workers that do not live in the County, services are only provided to those workers when they are in the County. Finally, visitors receive service during the whole time period of their visit, but obviously not when they leave. To properly measure the services provided to each of these groups, a weighting procedure is needed that reflects the duration of time each group is resident in the County. This calculation provides us with the full-time equivalent (FTE) population, employees and visitors. For both residents and workers, a working period assumption of 2,000 hours per year is applied. In this way, the fiscal impact of the FTE residents, employees and visitors can be properly identified. A variety of methods exist for quantifying the revenue and cost impacts flowing from a development opportunity such as the one presented here. The approach used in this FlAM is the modified per capita approach. When possible, the revenues and expenditures that can be identified from the Ave Maria Stewardship District Fiscal Monitoring Report Page 9 of 41 Agenda Item No. 16A25 December 14. 2010 Page 21 of 57 subject population(s) are directly estimated or calculated. F.or this project, ad valorem and impact fee revenues were calculated using current millages and fees. The remaining cost and revenue categories were estimated based on modified per capita estimates. The modified per capita approach involves the calculation of revenues using the latest published budgets for the appropriate population basis (i.e. per person, per employee, per tourist, per student). F.rom an economic perspective, this is equivalent to assuming that average revenue generation applies to the particular situation being evaluated. This is a reasonable assumption in most cases for two reasons. First, local governments must run balanced budgets, so that current costs and current revenues balance and are appropriate for current circumstances. Second, using long run averages also means that any excess capital is maintained in the various systems and not allocated to the project. Furthermore, there is nothing peculiar about the location or the type of this particular project that indicates that per capita parameters estimated from the latest budgets would not be reflective of actual costs and revenues. The numerator for each cost or revenue item is the cost or revenue shown in the County's budget. The denominator depends upon the type of cost or revenue. Each category of cost and revenue was examined to determine the impact of employment (businesses). Then each category was divided by FTE employment to yield the average per capita revenues and expenditures for all budget categories. The arithmetic is shown below. Revenue = Per Capita FTE Employees Fiscal Impact Calculations The annual budget, with projected revenues by source and expenditures detail by function for the County, was used to generate the FlAM results. Property taxes were calculated using the increase in taxable property value applied to the appropriate millage rates. Most of the other budget revenues and expenditures were calculated using the per capita methodology. The per capita numbers used are the full-time equivalent employees calculated using The University of Florida data and Fishkind estimates of employment. The revenues and expenditures are calculated by multiplying the FTE employees by the per capita revenue and expenditure amounts from the budget. The County averages were used to maintain a conservative methodology. The per capita calculations for the County's budget were calculated using revenues and expenditures from the budget's General and Special Revenue Funds. The revenues and expenditures from these funds were divided by the Ave Maria Stewardship District Fiscal Monitoring Report Page 10 of 41 Agenda Item No. 16A25 December 14,2010 Page 22 of 57 County FTE Population plus the County time. Any voted taxes are assumed to be reaffirmed once their current FTE employment to provide the per capita amount. Human Services and Parks and Recreation typically have only the population as the denominator. These Budget per capita amounts are then multiplied by the number of new FTE employees in order to generate projected revenues and expenditures. Certain non-revenues and non-expenditure items are not included as they are not applicable to the incremental change in population. 3.0 Model Inputs The first step in the analysis is to gather all relevant data for the Project as reasonably close to 6-14-10 as possible, the effective date of the analysis. These data form the basis for estimating the Project's impacts and include but are not limited to: development volumes, taxable values, university enrollment, transportation impact data, impact fee payments, developer contribution agreements, etc. The sections below outline the data collected. (Rest of Page Left Intentionally Blank) Ave Maria Stewardship District Fiscal Monitoring Report Page 11 of41 Agenda Item No. 16A25 December 14. 2010 Page 23 of 57 3.1 Development Volumes Table 3.1.1 below shows development volumes and other Project attributes as of the effective date. Table 3.1.1 Development Volume Residential: Units Volume Single Family Dwelling Units 231 Multifamily Dwelling Units 143 Commercial: Retail Bank Salt 5,525 Restaurant Salt 5,446 Grocery Salt 28,804 Gen Retail Sqlt 73,130 Subtotal 112,905 Office General Salt 49,090 Medical Salt 13505 Subtotal 62,595 Institutional: AMU Students 650 AMU Faculty 88 K-12 Private School Students 194 K-12 Private School F acultv 13 Church Salt 68,740 Day Care Center Students 27 Day Care Center Faculty 6 Park/Recreation: North Park Ac. 40.55 Water Park & Tennis Center Ac. 17.80 Aquatic Facilitv Salt 6,300 South Park Ac. 2007 Amnhitheatre Salt 2,800 Golf Course Holes 18 Source: Developer Information Note: Ave Maria University impacts based on students rather than dormitory units. Ave Maria Stewardship District Fiscal Monitoring Report Page 12 of 41 Agenda Item No. 16A25 December 14, 2010 Page 24 of 57 Information in this table is utilized to estimate the volume of Full Time Equivalent ("FTE") population, employment, visitors, and students for the Project. FTE is discussed in Section 2.0 above and forms the basis to allocate County-wide per capita revenues and costs to the Project. 3.2 Taxable Values Table 3.2.1 below shows the taxable value of the Project based on the 2009 tax rolls. This information is from county tax records and is utilized to estimate ad valorem revenue (property taxes) the Project has generated for the County. Table 3.2.1 Taxable Value Taxable Value 2009 $182,755,998 Source: Tax Rolls 3.3 Impact Fee Payments Table 3.3.1 below shows the amount of impact fees paid to the County by the Project as of 5-13-10. This information also forms the basis for estimating capital costs attributable to the Project. Table 3.3.1 Impact Fee Revenue to County Source: Collier County Impact Fee Dept. Note: This table excludes School impact fees and Fire impact fees paid, which are addressed separately in this report. Impact Fee Capital Revenue As of 5-13-10 Roads $9,497,991 Law Enforcement $161,076 EMS $119,489 Parks $1,389,170 Library $197,534 Public Buildings $709,986 Jails $387 452 Total Impact Fee Revenue $12,462,698 Ave Maria Stewardship District Fiscal Monitoring Report Page 130f41 ...-"-.--'... Agenda Item No. 16A25 December 14, 2010 Page 25 of 57 3.4 Developer Contribution Agreement The table below shows the dollar value of various items contained in the Developer Contribution Agreement ("DCA") the Developer has entered into with the County on April 26, 2005 and indicates to what extent the item has been transferred to the County. Also shown is an indication of whether or not the Project is scheduled to recover these upfront contributions over time In the form of impact fee credits and if so, the amount of the contributiDn that has been credited to development to date. Table 3.4.1 Developer Contribution Agreement Value Transferred to Impact Fee Credit Imoact Fee Credit - Form of Contribution Countv Available Taken to Dale 155 Ac. Of Right of Wav $7.8M In Full N n/a Capacity for Stormwater Drainaae $1.5M Partial N n/a .. Deslon & Permittino of Oil Well Rd. Impro~ements. $7.546M In Full Y $910k Fill at Cost $11M No N n/a Source: Developer Contribution Agreement; Developer Information To date, the status of the commitments is as follows: · The Developer has deeded through donation, without credit for road impact fees, 155 acres of right of way with a value of $7,800,000; · The Developer has made capacity available to provide sufficient drainage for Oil Well Road and Camp Keais Road for the road segments adjoining the ROW donations; . The Developer has paid $7.546M for the design and permitting of Oil Well Road improvements (in exchange for transportation Impact fee credits). The County has applied $909,509 of these impact fee credits to permits. The original amount of credits acknowledged in the Developer Contribution Agreement was based on an estimated cost of $6.0-million. Since then, additional credit eligible expenses have been incurred by the Developer. · The Developer has obtained permits and approvals necessary to start digging the fill pit in accordance with the DCA agreement for the developer to provide fill at cost. This information is considered below in assessing the Project's fiscal impact. Ave Maria Stewardship District Fiscal Monitoring Report Page 14 of 41 Agenda Item No. 16A25 December 14, 2010 Page 26 of 57 4.0 Fiscal Impact Calculation Utilizing the information above, the Consultant is able to populate the Collier County FlAM with current development information. The FlAM estimates the fiscal impact of the Project on revenues and expenditures of the County. Table 4.0.1 below presents the results of the fiscal impacts calculated by the FlAM. Please refer to the appendix tables for fiscal impact details. a e Isca mpacts 0 t e rolec on t e ountv FiscallmDact DescriDtion Operatintl - Revenue $1,346,113 Reflects Current Year Totals Operating - Cost $1,028,950 Reflects Current Year Totals ------------ ------------ Operating - Net Impact $317,163 Capital - Revenue Impact Fees $12,462,698 Cumulative Total of Impact Fees Paid ROW Contribution $7,800,000 No Credit to be Taken Desiqn/Permlttinq $6,636,491 Reflects Unused Balance Credit Applied - Road DCA $909 509 Reflects Credit Applied to Permits Subtotal - Capital Revenue $27,808,698 Capital - Cost $17,492,593 Cumulative Total of Capital Cost ------------ ------------ Capital. Net Impact $10,316,105 Combined Net Impact $10,633,268 Current Total of Operatlnq & Cumulative Total of Capital T bl 4 0 1 F' II f h P . t h C Source: Fishkind & Associates, Inc. The table shows that the Project is currently generating $317-thousand annually in net operating impacts. From a capital perspective, the Project has cumulatively generated a positive net capital impact of $10.3-million to the County. The sum of current year net operating impact and cumulative net capital impact yields a total net impact of $10.6-million. Ave Maria Stewardship District Fiscal Monitoring Report Page 15 of 41 Agenda Item No. 16A25 December 14, 2010 Page 27 of 57 4.1 Operating Impacts Operating revenues consist of such items as ad valorem tax revenue, occupational licenses, building permits, utility taxes, state revenue proceeds, charges for County services, etc. As described in Section 2.0, some of these revenues are estimated directly while others are calculated by applying the County-wide modified per capita amount to the Project's base of functional residents, employees, students, and visitors. Operating expenses are the County's costs for such items and services as financial and administrative expenses, emergency and disaster relief, legislative and executive expenses, and protective inspections. These expenses are also calculated on a modified per capita basis. By subtracting operating expenses from operating revenue, a net operating impact can be calculated. The current annual net operating impact for the Project is $317-thousand. 4.2 Capital Impacts Capital revenues consist of the sum of impact fee payments and developer contributions made on behalf of the Project. Estimating the amount of capital revenues the Project has generated to date is fairly straightforward and is drawn from information in Sections 3.3 and 3.4 above. Capital expenditures are generated by how the land use impacts the County's existing capital structure. Capital expenses include the capital costs related to roads, EMS, law enforcement, etc. For example, a capital cost for roads would be the purchase of land or any new construction or improvements made to existing roads in order to serve the Project. Capital costs are taken directly from the impact fee study for each respective capital facility and land use unit. Ideally, an impact fee paid by a land use unit would exactly offset that unit's proportionate capital impact. That is, the fee would be set to 100% of associated capital cost. However, this is not always the case. To avoid overcharging new development beyond its fair share, a review of each capital facility's financing structure is conducted during the impact fee study. The purpose of the review is to identify any credits that can be given because other revenues generated by new development will be used to fund capital expansion. In many cases these other revenues are present and as a result, impact fees reflect only a share of associated cost. For example, the following table is taken from the Collier County Government Buildings Impact Fee Study (5-10-06). Ave Maria Stewardship District Fiscal Monitoring Report Page 16 of 41 Agenda Item No 16A25 December 14, 2010 Page 28 of 57 Table 4.2.1 Excerpt from Collier Govt. Impact Fee Study Table 14 Net Impact Cost Re\'fllUe Imnnct Cost I Credit Elemrnt Imnnct Cost Credit II/I/Jacr COIl C<lpiWI Coc:,t per FUI1criollnl Resident!!) >490.<6 . Impf1C't CrNlit ('(Ipitrd 11111_'1\1yemeut Credi() 1536.93 ) Debt SelYice Credil13} fS21.117) Tornl Re\-enue Crec1it:~} (S5S.~O ) ~Yt't Impact Cost :--Jet bllJXlet Co"t pel' FUllCtiollill Re"identO) S-l31.66 The table shows that the gross government building 'impact cost per functional resident is $490.56 while the actual fee charged is $431.66 per functional resident. The difference is due to a credit for revenues other than impact fees the resident will contribute toward government building expansion. This table tells us that government building impact fees cover 88% of total impact cost. Using this relationship, we are able to establish that if Ave Maria has paid $709,986.33 thus far in government building impact fees 1, then associated capital costs attributable to the Project are: $806,802.65 = ((1/0.88) * $709,986.33). Please note the example above applies only to government buildings. Each capital facility's ratio of net capital cost-to-gross capital cost differs. The approach above can be used to estimate costs for all County capital facilities except for roads. While impact fees are typically due in full at building permit issuance, transportation impact fees may be paid to the County over a period of time. In order to estimate transportation capital costs attributable to the Project, the Fiscal Impact Analysis Model ("FIAM") model multiplies the number of trips by the average trip length and the percent new trips to obtain the capacity used. This is then multiplied by the cost per unit of capacity tD generate the cost allocated for each land use. The FlAM methodology states that the basic trip rate and length data by land use are available from the Institute of Transportation Engineers ("ITE") and that for jurisdictions with a road impact fee, more localized versions of this data can be found in the transportation impact fee study. 1 Shown in Section 3.3 above Ave Maria Stewardship District Fiscal Monitoring Report Page 17 of 41 Agenda Item No. 16A25 December 14, 2010 Page 29 of 57 For this analysis, the Consultant utilized information from the Collier County Transportation Impact Fee Update Study prepared in February 2009. The Impact Fee Study utilizes trip characteristic variables from two sources: (1) similar studies previously conducted throughout Florida and in Collier County (Florida Studies Database), and (2) the Institute of Transportation Engineers' ("ITE") Trip Generation reference report (7th and 8th editions). In all instances where trip generation rate data was available from both the ITE reference report and the Florida Studies database, the Impact Fee Study used a blend calculation to increase sample size and provide a more valid estimate of the average number of trips generated per unit of developmene. The Project's commercial and support services are designed to satisfy the majority of the daily needs of the residents on site, thus minimizing the need to travel on external roadways. This coupled with a large majority of the Ave Maria University student population living within the Town rneans a substantial amount of internalization of trips takes place on a daily basis. The 2010 Biennial Transportation Monitoring Report prepared for the Project estimates that 83% of generated trips are captured internally. Because this is the first 5-year analysis and localized data for other trip characteristic variables is not available at this time, the Consultant has not included the internal capture component. While it is clear that the portion of the total trips that are satisfied within Ave Maria are comparatively shorter than those from the ITE and Florida Studies Database due to the Project's balanced mix of complementary land uses and the close proxirnity of internal destinations, it is acknowledged that external trip lengths are likely greater than those from the ITE and Florida Studies Database due to the Project's geographic location. Because there is no Project-specific trip length data available at this time and the internal/external component is not included in the analysis, the Consultant has not attempted to adjust the trip length component. The Consultant's calculations for the Project utilize a cost per lane mile of $6,255,570 per the Irnpact Fee Study. This figure is reflective of right-of-way acquisition costs for more urbanized areas of the County. It is likely acquisition costs for roadway capacity required by the Project are lower due to its rural location. In order to maintain a conservative analysis, the Consultant has not adjusted the cost per lane mile for new roadway capacity to reflect the Project's rural area. Table 4.2.2 on the next page shows the calculations. 2 Collier County Transportation Impact Fee Update Study - February 2009. Pg. A-1 Ave Maria Stewardship District Fiscal Monitoring Report Page 18 of 41 (Rest of Page Left Intentionally Blank) Agenda Item No. 16A25 December 14, 2010 Page 30 of 57 Ave Maria Stewardship District Fiscal Monitoring Report Page 19 of 41 ~ :1 .:;; ~ 0 ~ c '" ~ <( 'E ~ r:: . o~ ..<C ctl 0 3'j Us iiij (.)E ... In o (.) r:: o ~ ctl 1:: o Q. 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The source for trip characteristic variables is the Collier County Transportation Impact Fee Update Study - February 2009 (Appendix F). In all Instances where trip generation rate data was available from both the ITE reference report and the Florida Studies database, the Impact Fee Study used a blend calculation. . land Use Codes (LUCs) reflect land use categories from the Collier County Transportation Impact Fee Schedule. See Appendix F of the Impact Fee Study for further information. . The Amphitheatre and Aquatic Facility were assessed impact fees by the County using the <50k square feet retail rates. As such, the capital cost calculation uses trip characteristics for retail <50k square feet. . The Restaurant land use calculation assumes a rate of 160 seats per 5,000 square feet of building area. . The K-12 Private School was assessed impact fees by the County using Middle School (Private) trip characteristic rates. As such, the capital cost calculation uses trip characteristics for the Middle School (Private) land use. The table shows that by utilizing cost data from the Impact Fee Study, $14- million in road capital costs can be attributed to current development within the Project. Now that all capital revenues and costs have been accounted for, a net capital impact can be calculated. A net capital impact is created the same way a net operating impact was calculated. By subtracting capital expenses from capital revenues, the cumulative total net capital impact is a positive $10.3-million. 4.3 Net Impact of the Project to Collier County The Project is currently generating $317-thousand annually in net operating impacts. From a capital perspective, the Project has cumulatively generated a positive net capital impact of $1 O.3-million to the County including all non- impact fee credited capital contributions made by the Developer through its DCA with the County. The sum of current year net operating impact and cumulative net capital impact yields a total net impact of $10.6-million. This is indicative of a Project that is creating a net positive fiscal impact on Collier County. Ave Maria Stewardship District Fiscal Monitoring Report Page 21 of 41 Agenda Item No. 16A25 December 14,2010 Page 33 of 57 5.0 School Impacts of the Project The section identifies the fiscal impact of the Project on the District School Board of Collier County ("DSBCC"). 5.1 Student Population The population of public school students by level for AMSD is taken directly from DSBCC records and reflects fall '09 enrollment. This is shown in Table 5.1.1 below. Table 5.1.1 Student Population - AMSD COLLIER COUNTY PUBLIC SCHOOLS Grade Report Ave n!i:JlliJ fOWlI F'ulJ/le .:;cI,Qol Students GRADE TOTAL o 2 .1 oj t3 8 9 2 10 s " 2 12 13 5 GRAND TOTAL 23 Source: District School Board of Collier County Note: Grade 13 reflects Pre-Kindergarten The table shows there are 23 public school students within AMSD as of the Fall '09 semester. Ave Maria Stewardship District Fiscal Monitoring Report Page 22 of41 Agenda Item No. 16A25 December 14. 2010 Page 34 of 57 5.2 School District Fiscal Impacts Local school operating revenues are calculated by multiplying the total taxable value of the development being analyzed by DSBCC General Fund Millage Rate. The Florida Board of Education ("FBOE") sets the operational millage rate for each school district in the State. With a State mandated, balanced budget requirement, the school district budget must not exceed projected revenues. For this reason, the FlAM model does not attempt to calculate operational expenditures for the school district as it is assumed to be equal to the amount generated from the FBOE millage rate. Capital revenues generated by the Project for DSBCC include both State and local sources. Local revenue sources include ad valorem taxes, impact fees, and developer contributions/donations. The ad valorem revenues are calculated by multiplying the taxable value times the millage rate. The State provided revenues (pECO and CO & DS)3 are calculated using the per student rate calculated from the current budget and multiplying by the public school population. Impact fee revenues reflect those paid to date and are taken from the Collier County Impact Fee Office. As part of an agreement, the Developer has transferred 46 acres of land to the Collier County School District in exchange for $2.745-million in impact fee credits. The Developer has applied $147,029.35 of these impact fee credits to permits leaving a fiscal balance of $2.6-million with the DSBCC for the Project to draw upon for future development. Capital expenditures are calculated by multiplying the number of elementary, middle and high school students by the local student station cost taken from the School Impact Fee Study. The student station cost includes the per- student cost of the school building, land, equipment, books and buses. Where applicable, these costs are indexed to reflect the most recent information available. The net capital impact is the difference between the annual revenues plus the onetime revenues minus the cost of the student stations. \ Table 5.2.1 below shows the basic assumptions utilized in the School analysis. 3 PECO = Public Education Capital Outlay, CO & DS = Capital Outlay and Debt Service Ave Marla Stewardship District Fiscal Monitoring Report Page 23 of 41 Agenda Item No. 16A25 December 14, 2010 Page 35 of 57 Table 5.2.1 - School District Inputs FY 2009 RLE Millaqe 2.991 Mills -.----- Discretionary Millaqe 0.676 Mills Statutory Voted Referendum Millaqe 0.25 Mills f---.. .----,-....----- --~---- 1----- School Board Capital Millage ...-..- 1.322 Mills School Board Debt Millage 0.000 Mills - --- ~'-'- Total PECO and CO & DS $3,013,959 2009 AUIR - FTE Enrollment Districtwide 2009-2010 42,714 FL DOE --..--.-------,- ----- f---- '_.E'er Student .._- ___po 56 Calculated AMSD Students Elementary School 10 DSBCC Middle School 3 DSBCC _High School 10 DSBCC .--'-----,'.--- Total 23 'Total Cost/Student Station ...---..-- --- Elementary -- $63,167 Imnact Fee Study Middle $63,167 Impact Fee Study High I $63,167 Impact Fee Study ~~----~ - __ ___...1 'Refiects student station cost of $54,067 from 5-2-06 study indexed to 2009 level. Table 5.2.2 below shows the fiscal impact calculation for the School District. Ave Maria Stewardship District Fiscal Monitoring Report Page 24 of 41 a e - C 00 IS rrc Isca mpac Elementary School Students 10 DSBCC, Fall 2009 Middle School Students 3 DSBCC, Fall 2009 Hiah School Students 10 DSBCC, Fall 2009 Total Students (FTE) 23 2009 Taxable Value $185,591,558 Taxable $ - School District Purposes Operatina Impacts Annual Operating Ad Valorem Revenue $726,962 Calculated (based on millaoe set by State) Estimated Annual Ooeratino Costs $726 962 Assumed to be Neutral to Revenue Estimated Net Operatlno Imoact $0 Annual Capital Revenues Ad Valorem - Capital Improvement $245,352 Calculated State Sources - Capital Proiects $1,623 Calculated local Sales Tax-School Capital $0 Calculated Totat Annual Capital Revenues $246,975 Cumulative Caoital Revenues Impact Fee Capital Revenue $2,619,737 Impact Fee Depl. Total Amount of School Impact Credits $2,745,000 Impact Fee Depl. Impact Fee Credits Applied to Permits ~147 029 Imoact Fee Depl. Remaining Balance - Imoact Fee Credits $2,597,971 Impact Fee Capital Revenue $2,619,737 Impact Fee Depl. Impact Fee Credits Applied to Permits $147,029 Impact Fee Depl. Remainina Balance - Impact Fee Credits ~2 597971 Impact Fee Depl. Total Cumulative Caoital Revenue $5,364,737 Cumulative Caoital Exnendltures Capital Expenditures (cost of student stations) Elementary School Student Stations $631,668 Calculated from Impact Fee Studv Middle School Student Stations $189,500 Calculated from Impact Fee Studv High School Student Stations $631 668 Calculated from Imoact Fee Studv Cost of Student Stations Required $1,452,836 Net Capital Revenue (Expenditure) $4,158,876 Calculated Agenda Item No. 16A25 December 14, 2010 Page 36 of 57 T bl 5 2 2 S hiD" t . t F' II t Note: Operating Impact likely $0 because the State sets the millage to meet operating expenses. The table shows that revenues generated by the Project more than cover the costs associated with AMSD public school students. The Project currently generates $727-thousand in annual operating revenues for the DSBCC. The operating impact is assumed to be zero because the State sets millage rates to meet operating expenditures. Ave Maria Stewardship District Fiscal Monitoring Report Page 25 of 41 Agenda Item No. 16A25 December 14, 2010 Page 37 of 57 From a capital perspective, the Project currently generates $247-thousand annually in capital revenues for the DSBCC in the form ad valorem taxes and state sources. Cumulatively, the Project has generated $2.62-million in impact fees not including $147 -thousand in impact fee credits applied to permits. The Project has a $2.6-million impact fee credit balance remaining to draw upon against future permits. The cumulative capital cost (student stations) required to serve public school students within the Project totals $1.5-million. By combining the annual and cumulative capital revenues with the cost of student stations required a net capital impact can be calculated. The Project has generated a net capital impact to the DSBCC of $4.2-million. Although the methodology above provides a clear ifjdication that the Development covers the capital costs of the school district, it does not calculate the School District's actual cash flow. The School District will have to use existing capacity, build additional schools or additional classrooms in existing schools. They do not have the ability to construct individual student stations as required by new development. (Rest of Page Left Intentionally Blank) Ave Maria Stewardship District Fiscal Monitoring Report Page 26 of 41 Agenda Item No. 16A25 December 14, 2010 Page 38 of 57 6.0 Impacts to the Immokalee Fire Control District The Project is served by the Immokalee Fire Control District ("IFCD"), an independent taxing authority. This section identifies the fiscal impact of the Project on the IFCD. A map of the IFCD boundary is shown below. t, Map 6.0.1..._____.. T-"T"'- i...... . ! . ...... ........ ii. !-- "-1'., -'..~' :~--- !;:~I ~- I, '/1 -.. , .', ..!r.....-.....~..-..- J ~I--. 1\ ::.-'~' ""- . fi:-'/ _.l-,...~' ~:,' '-'"' ~:ta~ Z9 --~. _-Ail RJJl r-=l"r~l-~ : ..... ~ .+--- I -'- .[r:-=I-ITtl:;1fi~ ;.v--t l~~~. j I L I . .". i~"--'l-" ... I 1 .... .....--l-!-Y..r-+-- .' 'I""Ti'''.' .. ....-..-+-.. - ..-. --....... .. I . .......-- ....+-1.-[-.- ' , O'_~~ E R , i__ ~rfR" . if " I . ! " ~o '. I .. r. I . , .. /~ --- _.- l.. - = ~ ;..,f /1 '.,,'" I .. J . --- I I ~"1"'" .....\ .. , \ \ ! ,..... I, \ \ ,- ,..... . --,~'.. i- ~]~ . Ave Maria Stewardship District Fiscal Monitoring Report Page 27 of 41 Agenda Item No. 16A25 December 14. 2010 Page 39 of 57 Fire District operating revenues generated by the Project include ad valorem taxes, inspection fees, and grants. Ad valorem revenues are estimated directly while the other revenues are estimated on a modified per capita basis in accordance with FlAM methodology. Operating expenditures attributable to the Project relate to providing day-to-day fire protection and are calculated on a modified per capita basis. Capital revenues generated by the Project are in the form of impact fees and reflect what has been paid to the County as of 5-13-10. Capital costs attributable to the Project relate to expansion of facilities or purchases of new equipment by IFCD to maintain their level of service. Capital costs are taken from the impact fee study that supports the IFCD's impact fee levels. (Rest of Page Left Intentionally Blank) Ave Maria Stewardship District Fiscal Monitoring Report Page 28 of 41 Agenda Item No. 16A25 December 14, 2010 Page 40 of 57 6.1 Immokalee Fire Control District Operating Impacts The first step in estimating the Project's operating impact is to allocate operating revenues and costs from IFCD's budget across the functional base of residents, emplDyees, and visitors within the district boundaries. This has the effect of determining the per capita cost of providing service and the per capita revenue generation for the IFCD. To do this, the amount of full time equivalent ("FTE") residents, employees, and visitors within the IFCD's boundary needs to be estimated. This is shown in the table below (please refer to Section 2.0 above for detailed discussion about the use of FTE). Table 6.1.1 Full Time Equivalent Calculation -Immokalee Fire District 2009 - Immokalee Fire District Raw Eouivalent Full-Time Totals Factor Eouivalent Notes Emolovees Total Employment 6,354 0.2381 1,513 I-Site Population Perm. HH Population 25,339 Planninq Depl. Labor Force % works in and lives in District 88.00% 2000 Census, Collier Countv Pop-Workinq Residents 5,592 0.7619 4,260 Calculated Pop-Non Workinq Residents 19747 1.0000 19747 Calculated Subtotal 25,339 24,008 'Seasonal Rate 20% Pop - Seasonal 5,068 0.3077 1,559 See Note Visitors Averaqe Occupancv 60.83% Collier VCB Averaqe Persons per Room 2.5 Collier VCB Total Number of Rooms 67 . Collier VCB FTE Tourists 102 102 Calculated Imm. Fire District Functional Pop, Emp, Visitors 27,182 Calculated *Reflects 20% Increase over permanent population figure per Planning Dept. The table shows that there are 27,182 full time equivalent ("FTE") residents, employees, and visitors within the IFCD's boundaries. This number serves as the divisor for the per capita revenue and cost calculations. Ave Maria Stewardship District Fiscal Monitoring Report Page 29 of 41 Agenda Item No. 16A25 December 14. 2010 Page 41 of 57 The next step is to develop per capita revenue and cost estimates by allocating the IFCD's budget across the FTE amount above. Table 6.1.2 below shows the IFCD's FY 2008-2009 budget by account code. Only items that are affected by population change and development of the Project are included. In addition, capital items have been removed as these are accounted for separately in the analysis (please refer to the appendix for the full budget). These items are divided by the total FTE residents, employees, and visitors calculated above to arrive at a per capita amount. Table 6.1.2 Per Capita Calculation - Immokalee Fire District ----------...._---- +.-"2009' - Acct HE" IFCD Per Capita "--- Revenues 1031.1 Ad Valorem Calculated 27.182 n/a 1032 Inspection Fees -- $100,000.00 27,182 $3.68 ---.1.036.11 Interest Income $55,00000 . 27,182 $2.02 1036.9 Other Misc. Revenue $1,500.00 27.182 $0.06 1033.12 Public Safety Grant $2,500.00 27,182 $0.09 --.- Expenditures 1200-2600.01 Personnel 1 $2,487.304.21 27,182 $91.51 3100-2401 Contracted Services 1=$111 ,850.00 27,182 $4.11 4000-4500.01 Operatinq $109,086.50 27,182 $4.01 4601-4608 Maintenance I $95,600.00 27,182 $3.52 r----39OO _legal Advertising $3,90000 27.182 $0.11 5100-5400 Supplies $116,700.00 27,182 $4.29 8300 Public Safety Grant $4,000.00 27,182 $0.15 9900 Contingency ---- --,- $136.199.29 27,182 $5.01 9999.1-9999.3 Other Uses . _._L__E07:000.00 27,182 $7.62 Source: Immokalee Fire Control District The per capita costs and revenues in the table above can then be multiplied by the Project's FTE residents, employees, and visitors in order to estimate impacts attributable to the Project (Project FTEs are developed from Section 3.1 above). Please note the Project's ad valorem generation is calculated directly by multiplying the Project's taxable value by the IFCD's millage rate. Ave Maria Stewardship District Fiscal Monitoring Report Page 30 of 41 Agenda Item No. 16A25 December 14, 2010 Page 42 of 57 In order to test the assumption that District-wide per capita revenues/costs are applicable to the Project, the Consultant analyzed IFCD call rates. The objective is to determine whether the Project imposes more, less, or the same burden on the IFCD when compared to the rest of the District. The table below shows calls for IFCD service within the Project and within the District as a whole for 2009. To make an accurate comparison, these calls are divided by the volume of FTEs for each area to calculate call rates. Table 6.1.3 Call Rate Comparison - Immokalee Fire Town of 2009 Control District Ave Maria Notes Calls for IFCD Service 3,248 86 IFCD FTE Pop, Emp, & Visitors 2?,182 962 Calculated Call per FTE POD, Emp, & Visitors 0.119 0.089 Calculated The table shows that in 2009 there were 0.119 calls per FTE for the District as a whole and 0.089 calls per FTE for the Project. This demonstrates that it is reasonable to apply per capita impacts to the Project as the service rates are very similar to the rest of the District. (Rest of Page Left Intentionally Blank) Ave Maria Stewardship District Fiscal Monitoring Report Page 31 of 41 Agenda Item No. 16A25 December 14, 2010 Page 43 of 57 To determine the Project's operating impacts on the IFCD, the next step is to multiply the IFCD's per capita revenues and costs by the amount of FTE within the Project. This is shown in the table below. Table 6.1.4 Project Operating Impacts - Immokalee Fire District ,------- Acct Ooeratino Revenues -..-.- .. 1031.1 Ad Valorem $548,268 3.0 Mills times Taxable Value 1032 Inspection Fees $3,537 Per Capita Amount times AMSD FTE 1036.11 Interest Income $1,946 Per Capita Amount times AMSD FTE 1036.9 Other Misc. Revenue $53 Per Capita Amount times AMSD FTE _.- ---.--- 1033.12 Public Safety Grant. $88 Per Capita Amount times AMSD FTE Total Revenues $553,S92 Oneratina Exoenditures 1200-2600.01 Personnel $87,986 Per Capita Amount times AMSD FTE -- 3100-2401 Contracted Services -- c.. $3,957 Per Capita Amount times AMSD FTE '- ---- 4000-4500.01 Operating $3,859 Per Capita Amount times AMSD FTE 4601-4608 Maintenance $3,382 Per Capita Amount times AMSD FTE 4900 leqal Advertising : $106 f'er Capita Amount times AMSD FTE 5100-5400 Supplies . T$4,128 Per Capita Amount times AMSD FTE 8300 Public Safety Grant $141 Per Capita Amount times AMSD FTE 9900 ContingenC}' i $4,818 Per Capita Amount times AMSD FTE -----L----......______=__ 9999.1-9999.3 Other Uses $7 322 Per Capita Amount times AMSD FTE Total Exoenditures $115,699 I Net Ooerating Impact I $438,194 Calculated The table shows that from an operating standpoint, the Project is currently generating an annual surplus of $438-thousand to the IFCD. 6.2 Immokalee Fire Control District Capital Impacts This section provides an analysis of the Project's capital impacts to the IFCD. The Project generates capital revenue for IFCD in the form of impact fees. Since 2001, IFCD has utilized impact fees to fund expansion of fire services to serve new growth. According to the Collier Impact Fee Department, the Project has paid $1,248,558.83 in impact fees cumulatively to IFCD as of 5- 1 3-10. The Project generates capital costs in the form of additional capacity that is required by the IFCD to maintain appropriate levels of service. Because there is a nexus between the impact fees paid and associated capital costs, a review of the impact fee study was conducted. The review shows that all capital expansion for the IFCD is funded with impact fees. That is, the IFCD impact fees are designed to cover 100% of the capital cost attributable to new Ave Maria Stewardship District Fiscal Monitoring Report Page 32 of41 Agenda Item No. 16A25 December 14, 2010 Page 44 of 57 development.... "all capital expansion expenditures over the past five years were funded with impact fees, and that all planned expansion projects will be funded with impact fees" (Collier County 2005 Fire/Rescue Services Impact Fee Update Study, pg. V-6). Therefore, the Project's capital costs to the IFCD equal the impact fees paid. The Consultant has learned that the IFCD has purchased a new fire truck with some of the fire district impact fees that have been paid to date by the Developer. 6.3 Project Net Fiscal Impact to IFCD By combining the Project's operating and capital impacts a net total impact can be calculated. Table 6.3.1 below shows the Project's net fiscal impact to the IFCD. a e rOleet et Isea mpaet - mmo a ee Ire IS tri et Acct Ooeratinn Revenues 1031.1 Ad Valorem $548,268 3.0 Mills times Taxable Value 1032 Inspection Fees $3,537 Per Caoita Amount times AMSD FTE 1036.11 Interest Income $1,946 Per Capita Amount times AMSD FTE 1036.9 Other Misc. Revenue $53 Per Capita Amount times AMSD FTE 1033.12 Public Safetv Grant ~8 Per CaDita Amount times AMSD FTE Total Revenues $553,892 Operatinn Exnenditures 1200-2600.01 Personnel $87,986 Per Capita Amount times AMSD FTE 3100-2401 Contracted Services $3,957 Per CaDlta Amount times AMSD FTE 4000-4500.01 Operatino $3,859 Per CaDita Amount times AMSD FTE 4601-4608 Maintenance $3,382 Per Capita Amount times AMSD FTE 4900 Leaal Advertisina $106 Per Capita Amount times AMSD FTE 5100-5400 Supplies $4,128 Per Capita Amount times AMSD FTE 8300 Public Safetv Grant $141 Per Capita Amount times AMSD FTE 9900 Continaencv $4,818 Per Capita Amount times AMSD FTE 9999.1-9999.3 Other Uses $7322 Per Capita Amount times AMSD FTE Total Expenditures $115,699 Net Operatina Imoact $438,194 Calculated Capital Revenues Cumulative Impact Fees Paid $1,248,558.83 Impact Fee Dept. Caoital Exoenditures Capital Cost $1 248558.83 Impact Fees cover full capital cost Net Capitallmoacl $0.00 Net Fiscallmoact $438,194 Cumulative total of caoital, annual total of operatinq T bl 6 3 1 P N F" II kiF" O' Ave Maria Stewardship District Fiscal Monitoring Report Page 33 of 41 Agenda Item No. 16A25 December 14, 2010 Page 45 of 57 The table shows that the Project is currently generating an operational impact of $438-thousand annually. The Project has paid $1.25-million cumulatively in impact fees so far to the IFCD. The Project's capital impact is neutral as impact fees entirely cover associated capital cost. Therefore, the Project currently generates a $438-thousand surplus for the IFCD annually. This shows that the Project more than pays for itself in total to the IFCD. 7.0 Other Facility Impacts The following section provides a review of potable water, wastewater, irrigation water, stormwater management, and solid waste functions for the Project and how they relate to the analysis of fiscal neutrality. Potable Water Ave Maria Utility Company, LLLP, a private utility, has constructed and operates/maintains a private potable water system. The system includes the water supply, treatment, storage, and distribution system. The system is private and therefore not included in the analysis since it does not affect the County tax base. Wastewater Ave Maria Utility Company, LLLP, a private utility, has constructed and operates/maintains a municipal quality advanced secondary wastewater treatment plant to service the Project. Wastewater is treated to produce irrigation quality reclaimed water for disposal. The water is stored in storage ponds until required. The system is private and therefore not included in the analysis since it does not affect the County tax base. Irriqation Water Irrigation water for the Project is non-potable and is generated by the Ave Maria Utility Company, LLLP's treatment plant. Additional irrigation water is acquired from the surface water located in stormwater management ponds and groundwater wells. The irrigation system is owned and operated by the Ave Maria Stewardship District. The irrigation system is fee-driven and does not affect the County tax base. Stormwater Manaqement The stormwater management system for the Project is operated and maintained by the Ave Maria Stewardship District. The system consists of a network of lakes, detention areas, culverts, and water control structures. The system is private and therefore not included in the analysis. Ave Maria Stewardship District Fiscal Monitoring Report Page 34 of 41 Agenda Item No. 16A25 December 14, 2010 Page 46 of 57 Solid Waste The Project's solid waste is collected by Collier County's contract hauler and hauled to the Immokalee Transfer Station (formerly Immokalee Landfill) where it is then transported to the Collier County Landfill. The Project's solid waste generation does not warrant the construction of a transfer station onsite. Solid waste activities are run as self-supporting enterprise funds that collect service charges as necessary to recoup all costs. Therefore, this function is excluded from the analysis as it does not affect the County tax base. Ave Maria Stewardship District Fiscal Monitoring Report Page 35 of 41 Agenda Item No. 16A25 December 14, 2010 Page 47 of 57 Appendix Ave Maria Stewardship District Fiscal Monitoring Report Page 36 of 41 Agenda Item No. 16A25 December 14, 2010 Page 48 of 57 Section 4.08.07 L. of the Collier Land Development Code SRA Economic Assessment. An Economic Assessment meeting the requirements of this Section shall be prepared and submitted as part of the SRA Designation Application Package. At a minimum, the analysis shall consider the following public facilities and services: transportation, potable water, wastewater, irrigation water, stormwater management, solid waste, parks, law enforcement, emergency medical services, fire, and schools. Development phasing and funding mechanisms shall address any adverse impacts to adopted minimum levels of service pursuant to the Chapter 6 of the LDC. 1) Demonstration of Fiscal Neutrality. Each SRA must demonstrate that its development, as a whole, will be fiscally neutral or positive to the Collier County tax base, at the end of each phase, or every five (5) years, whichever occurs first, and in the horizon year (build-out). This demonstration will be made for each unit of government responsible for the services listed below, using one of the following methodologies: a. Collier County Fiscal Impact Model. The fiscal impact model officially adopted and maintained by Collier County. b. Alternative Fiscal Impact Model. If Collier County has not adopted a fiscal impact model as indicated above, the applicant may develop an alternative fiscal impact model using a methodology approved by Collier County. The BCC may grant exceptions to this policy of fiscal neutrality to accommodate affordable or workforce housing. 2) Monitoring Requirement. To assure fiscal neutrality, the developer of the SRA shall submit to Collier County a fiscal impact analysis report ("Report'J every five (5) years until the SRA is ninety (90) percent built out. The Report will provide a fiscal impact analysis of the project in accord with the methodology outlined above. 3) Imposition of Special Assessments. If the Report identifies a negative fiscal impact of the project to a unit of local government referenced above, the landowner will accede to a special assessment on his property to offset such a shortfall or in the alternative make a lump sum payment to the unit of local government equal to the present value of the estimated shortfall for a period covering the previous phase (or five year interval). The BCC may grant a waiver to accommodate affordable housing. Ave Maria Stewardship District Fiscal Monitoring Report Page 37 of 41 Agenda Item No. 16A25 December 14,2010 Page 49 of 57 4) Special Districts Encouraged in SRAs. The use of community development districts (COOs), Municipal Service Benefit Units (MSBUs), Municipal Service Taxing Units (MSTUs), or other special districts shall be encouraged in SRAs. When formed, the special districts shall encompass all of the land designated for development in the SRA. Subsequent to formation, the special district will enter into an Interlocal agreement with the County to assure fiscal neutrality. As outlined above, if the monitoring reveals a shortfall of net revenue, the special district will impose the necessary remedial assessment on lands in the SRA. Ave Marla Stewardship District Fiscal Monitoring Report Page 38 of 41 Agenda Item No. 16A25 December 14. 2010 Page 50 of 57 Immokalee Fire Control District Budget 2008-2009 2008/09 ACCT DESCRIP ALLOCATE REVENUES 1031.1 Ad Valorem $2,305,848.00 Less 5% ($115,292.401 95% of Ad valorem $2,190,555.60 1033 Seminole Contract $29,000.00 1038.94 Pi It Farmworkers Villaqes $6,410.00 1032 . Inspection Fees $100,000.00 1036.4 Sale of Equipment $200.00 1036.11 Interest Income $55,000.00 1039.99 Cash Brouoht Forward $450,000.00 1039.991 Fund Balance Brought Forward $0.00 1039.992 Reserves Brouqht Forward $498,074.40 1036.2 Office Rent $0.00 1036.6 Donations $500.00 1036.9 Other Misc. Revenue $1,500.00 1033.12 Public Safetv Grant $2,500.00 TOTAL REVENUES $3,333,740.00 EXPENDITURES Personnel 1200 Salaries FF & Admin $1,411,909.11 1200.01 Salaries Insoection $136.266.77 1201 EMT & F01 Incentive $25,000.00 1202 Overtime $40,000.00 2100 Social Security FF&Admin. $108,011.05 2100.01 Social Security Insoection $10,424.41 2200 Retirement FF & Admin. $295,371.39 2200.01 Retirement Inspection $28,507.00 2300 Group Insurance FF & Admin $293,10000 2301.00 Group Insurance Insoection $13,227.50 2301 Dental Reinbursement FF & Admin $4,00000 2301.01 Dental Relnbursement Insoection $1,000.00 2400 Workers Como FF & Admin $102,786.98 2500 Unemolovment $1,000.00 2600 Physicals FF & Admin $15,500.00 2600.01 Phvsicals Insoection $1,200.00 SUB TOTAL $2,487,304.21 Contracted Services 3100 Bank Service Charqe $350.00 3110 leqal Fees $5,000.00 Ave Maria Stewardship District Fiscal Monitoring Report Page 39 of 41 Agenda Item No. 16A25 December 14,2010 Page 51 of 57 3120 Property Appraiser $20,000.00 ~- 3130 Tax Collector $52,000.00 3200 Audit .. $26,000.00 3400 Contracted Services $7.000.00 3401 Pest Control $1,500.00 3402 Impact Fee Study $0.00 SUB TOTAL $111,850.00 - Operating 4000 EducationfT ravel -~-- $15.000.00 4100 Communications ITelephone) $21~,000~00 4101 Postaae $600.00 .~._~.- 4102 Petty Cash $150.00 4300 Utilities $21.500.00 4500 Liability_ll}surance FF & Admin. $48,40000 ---- 4500.01 Liability Insurance lnsfl8ctions $2,436.50 SUB TOTAL $109,086.50 2008109 DESCRIP AllOCATE Maintenance 4601 Vehicle Maintenance FF & Admin $50,000.00 4601.01 Vehicle Maintenance Inspection $3,500.00 4602 Eauipment FF & Rescue $3,500.00 4603 Office Equipment..__~.____~__ ~ $1.800.00 4603.02 Computer $1,000.00 4604 Communication (Radios) $7,500.00 4605 - ! Hvd~~,,~t Mainten~mce -~ $0.00 4606 Buildinq Maintenance $25.000.00 4607 Bunker Gear Maintenance $800.00 4608 Cascade System $2,500~00 SUB TOTAL $95,600.00 4900 Leaal Advertisinq $3,000.00 Supplies 5100 Office Equipment $5,000.00 5120 Shippina $O~OO 5201 F~F. Rescue $5,500.00 ----,,^ 5202 Station (Janitorial) $4.500.00 5203 ~~aining $3,00000 _ 5204 Fuel & Oil FF & Admin $35,000.00 5204.01 Fuel & Oil Inspections $6.000.00 __ 5205 Oil & Filters $3,000.00 5206 Uniforms FF & Admin -~----,- $8,000~00 -_.-- - - 5206~01 Uniforms Inspections $800.00 5207 Emplo~~__~.. $2,000:OQ_ 5208 Maintenance - Tools $2,000 00 5209 ___-I~Fitness Equip. $3,000.00 5210 ' Inter-Departmental $1 ,500~00 5211 Computer Software & T rainlna $4,000.00 ~- 5212 MisceJJ~.neous EJ:<:pense $1,500.00 Ave Maria Stewardship District Fiscal Monitoring Report Page 40 of 41 Agenda Item No. 16A25 December 14, 2010 Page 52 of 57 5213 I Bunker Gear $6,000.00 5214 Fire Prevention $4,000.00 5215 Communication (Radio) $3,000.00 5216 Communication (Phone) $2,000.00 5217 Station (Non Janitorial) $1,000.00 5218 Public Education $4,000.00 5219 Furniture $2,000.00 5220 Comnuter Equipment $2,500.00 5221 Fire Inspection $3.000.00 5222 PETC $400.00 5400 Books & Dues $4,000.00 SUB TOTAL $116,700.00 2008/09 DESCRIP AllOCATE Capital Outlay 6401 F.F. Rescue Eauioment $5,000.00 6405 Communication Equipment $8,000.00 6406 Furniture/Office $2,000.00 6407 Station Eauioment $4,000.00 6408 Comouter Eouloment $7,000.00 6411 Gov. Sumlus Eauipment $2,000.00 6412 New Staff Vehicle $35,000.00 SUB TOTAL $63,000.00 2008/09 Princioal and Interest Payments AllOCATE 7101 Station 30 $0.00 7102 Station 30 Interest Payment $0.00 7103 New Enqine Purchase $0.00 7104 New Enqine Interest Pavment $0.00 SUB TOTAL $0.00 8300 Public Safety Grant $4,000.00 9900 Continqency $136,199.29 SUB TOTAL $140,199.29 Other Uses 9999.10 Reserve For New Enqine $125,000.00 9999.20 Reserve For Vacation $32,000.00 9999.30 Reserve For Disaster $50,000.00 9999.40 Reserve for 08-09 Salaries $0.00 9999.50 Reserve for Sta. Improvements (STA. 31) $0.00 SUB TOTAL $207,000.00 ; TOTAL EXPENDITURES $3,330,740.00 Ave Maria Stewardship District Fiscal Monitoring Report Page 41 of41 Agenda Item No. 16A25 December 14, 2010 Page 53 of 57 Table 1 Collier County Project Development Summary Residential: Units Volume Single Family Dwelling Units 231 Multifamily Dwelling Units 143 Commercial: Retail Bank Sqft 5,525 Restaurant Sqft 5,446 Grocery Sqft 28,804 Gen Retail Sqft 73,130 Subtotal 112,905 Office General Sqft 49,090 Medical Sqft 13.505 Subtotal 62,595 Institutional: AMU Students 650 AMU Faculty 88 K-12 Private School Students 194 K-12 Private School Faculty 13 Church Sqft 68,740 Day Care Center Students 27 Day Care Center Faculty 6 Park/Recreation: North Park Ac. 40.55 Water Park & Tennis Center Ac. 17.80 Aquatic Facility Sqft 6,300 South Park Ac. 20.07 Amphitheatre Sqft 2,800 Golf Course Holes 18 Agenda Item No. 16A25 December 14, 2010 Page 54 of 57 Table 2 Collier County Development Impact Summary Fu/l- Time Equivalent Employees ExlstinQ ~ 374 784 647 137 650 194 810 218 179 54 88 13 6 40 39 637 152 0 Households Peak Population Resident Population Seasonal Population University Student Population Private School Students Full- Time Equivalent Population EmDlovment Office Retail I Commercial Restaurant Ave Maria University Faculty Private School Faculty Day Care Faculty Golf Course Clubhouse I Recreation I Parks Total Employees Full-Time Equivalent Visitors Agenda Item No. 16A25 December 14, 2010 Page 57 of 57 Table 6 Collier County Fiscal Impact Assumptions Millaae Collier County Unincorporated Fire & EMS Library 35645 Mills 07161 Mills 00000 Mills 0,0000 Mills Persons per Household - Single Family' Persons per Household - Multifamily Equivalent Full-Time Factor Eauivalent 103,461 0,7619 78,827 229,571 '.0000 229,571 86,040 030769 26,474 419,072 334,872 333,032 117,569 0.2381 27,993 293.909 Existina Current 239 2.39 1.79 1.79 Population-Working Residents Population-Nan-Working Residents Populalion- Seasonal Population (peak season) Population (total) Florida BEBR p€rmenent population estimates as otApril 1, 2009 Employment (total) (State of Floridan Labor Market Inio, Average of 1516 mos. 2009) County Population (unincorporated) Florida BEBR permanent population estimates as of April 1 2009 Total Households 136,725 BEBR, APRIL 1, 2009 Emplovment Assumotions Proiect Office 1-Story 300 sq ft per employee Office Medical 250 sq ft per employee Retail - Neighborhood 600 sq. ft per employee Restaurant-Sit Down 450 sq. ft per employee Golf Course 40 per 18-hole course Parks & Recreation 0.5 per acre Employment for land uses not shown above is based on Devleoper information