2017-01-27Impact Fee Advisory Committee Meeting Agenda – Wednesday, August 3, 2016 Page 1 of 2
All materials presented at public meetings shall become property of the City of Meridian.
Anyone desiring accommodation for disabilities related to documents and/or hearing,
please contact the City Clerk’s Office at 888-4433 at least 48 hours prior to the public meeting.
1.
City Hall
33 E. Broadway Avenue
Meridian, ID 83642
Friday January 27, 2017 at 3:00 P.M.
1. Roll-Call Attendance
__X__ David Fulkerson __O__ Gene Strate __O__ Brad Pfannmuller
__O__ Matthew Adams __X__ Spencer Martin __X__ “Butch” Weedon
__X__ John Nesmith
Non Roll Call Attendance:
Jeff Lavey, Steve Siddoway, Todd Lavoie, Jenny Fields
1.a State of the City
Mayor would like to extend State of the City invitation to Committee members,
State of the City is Feb 8th at 3:59pm held at Meridian Middle School.
2. Adoption of the Agenda
3. FY2016 Impact Fee Fund Actual Results
Todd Lavoie provided Impact Fee Actuals Results with Fund Balance for
FY2014, FY2015 and FY2016
Discussions were had on future impact fee eligible projects. Parks bid opening
coming up on 3 projects. Fire impact funds are set aside for Fire Station #6.
Police utilizing impact funds for police substations.
4. Permitting Trend Report Update
Todd Lavoie provided report on Residential and Commercial Building Permit
Sales
5. Growth Projections for Dwelling Units and Population
Todd Lavoie provided report on Growth Projections for Dwelling Units
Growth Committee will meet annually in July to determine projections for
upcoming years.
Discussions were had on City experiencing economic flatten rather than
running out of property within City limits.
6. Update on ACHD Impact Fees
IMPACT FEE ADVISORY COMMITTEE
MEETING AGENDA
Impact Fee Advisory Committee Meeting Agenda – Wednesday, August 3, 2016 Page 2 of 2
All materials presented at public meetings shall become property of the City of Meridian.
Anyone desiring accommodation for disabilities related to documents and/or hearing,
please contact the City Clerk’s Office at 888-4433 at least 48 hours prior to the public meeting.
ACHD recently updated their Impact Fees on August 24th. They update their
Impact Fees every 4 years to work in conjunction with COMPASS update to
their demographic system known as Communities in Motion.
Discussion was had to invite ACHD to talk and provide input on their recent
Impact Fee Study.
6.a Council Re-Consideration on Forgone Revenue
Discussions were had on re-opening to recuperate the forgone revenue.
Departments were asked to pulse check with Mayor and Council Liaison on
re-opening of Impact Fee.
7. Adjourn
Start Time: 3:08pm
End Time: 3:47pm
Impact Fee Fiscal Year Actual Results with Fund Balance Position
Police Department
Revenue
FY2014
FY2015
FY2016
Impact Rev- Multifamily
Impact Rev- Multifamily
$
$ 24,430
Impact Rev- Commercial
$ 35,557
$ 43,436
$ 46,929
Impact Rev - Residential
$ 132,900
$ 193,982
$ 185,028
Total Revenue
$ 168,456
$ 237,418
$ 256,386
Operating Expenses
Professional Services $ 1,000 $ $
Total Operating Expenses $ 1,000 $ $
Capital Outlay
Public Safety Training Center $ 500,000
Total Capital Outlay $ 500,000 $ $
Total Expenditures $ 501,000 $ $
Beginning Fund $ 640,687 $ 308,143 $ 545,562
Change io Fund Balance $ (332,544) $ 237,418 $ 256,386
Ending Fund Balance $ 308,143 $ 545,562 $ 801,948
Fire Department
Revenue
FY2014
FY2014
FY2015
FY2016
Impact Rev- Multifamily
$
-
$ -
$ 99,193
ImpactRev- Commercial
$
147,860
$ 179,964
$ 194,428
Impact Rev- Residential
$
572,860
$ 788,464
$ 751,080
Total Revenue
$
720,720
$ 968,428
$ 1,044,700
Operating Expenses
Equipment & Supplies $ 18,493 $ $ -
Professional Services $ 6,000
Total Operating Expenses $ 24,493 $ $
Total Expenditures $ 24,493 $ - $ -
Beginning Fund $ 887,862 $ 1,584,088 $ 2,552,516
- 5 696,226 S , , ,
Ending Fund Balance $ 1,584,088 $ 2,552,516 $ 3,597,216
Parks Department
Revenue
FY2014
FY2015
FY2016
Impact Rev- Multifamily
$ -
$ 138,154
Impact Rev- Residential
$ 1,646,420
$ 1,429,618
$ 1,471,941
Interest Earnings
$ 15,540
$ 30,411
$ 87,023
Unrealized Gain on Investments
$ 15,821)
$ 16,835
$ (5621
Total Revenue
$ 1,656,139
$1,476,864
$ 1,696,555
Operating Expenses
Professional Services
$
15,340
Investment Services
$
3,062
$
2,606
$
2,256
Total Operating Expenses
$
18,402
$
2,606
$
2,256
Capital Outlay
Cap Outlay - Bidgs & Struct
$
638,000
Improvements at Storey Park
$
23,144
$
334,823
Borup Property Construction
$
3,141
William Watson Park Construction
$
62,361
Settlers Park Construction
$
609,989
$
128,364
77 acre South Park
$
104,106
$
57,394
$
53,371
Reta Huskey Park
$
736
$
22,671
Hillsdale Park Construction
$
5,187
$
12,170
Total Capital Outlay
$
737,239
$
526,504
$
791,714
Total Expenditures
$
755,641
$
529,110
$
793,970
Beginning Fund
$ 4,875,481
$ 5,775,979
$ 6,723,733
Change to Fund Balance
$
900,498
$
947,754
$
902,586
Ending Fund Balance
$ 5,775,979
$ 6,723,733
$ 7,626,319
1/20/2017
5:31 PM F:\Impact Fees\Fiscal Year End Actuals with Rolling Fund Balance
City of Meridian Monthly Residential Building Permit
Sales
1 2 3 4 5 6 7 8 9 10 11 12
FY2014 FY2015 ——FY2016
City of Meridian Annual Residential Building Permit Revenue
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
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City of Meridian Total Dwelling Units
(Historical and Projection)
Osi OA Oh 00 01 1% O0 yo yN y'L yn> yN yh y(0 y1 y4' yO ,LO ,Lti ,Lti ,L3 ti� 'Lh ti� ti�
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■ Single Family a Multi -family
City of Meridian Dwelling Units Added by Year
(Historical and Projection)
500
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—Single Family —Multi -family
CITY OF MERIDIAN TOTAL DWELLING UNITS
(HISTORICAL AND PROJECTION)
20.00%
18.00%
16.00%
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
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W Single Family Multi -family
City of Meridian Dwelling Units Added by Year % Change
(Historical and Projection)
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