DRAFT: SUBJECT TO CHANGE
SECTION 1: EXECUTIVE SUMMARY
The purpose of this Impact Fee Facilities Plan (IFFP), with supporting Impact Fee Analysis (IFA), is to fulfill the requirements established in Utah Code Title 11 Chapter 36a, the “Impact Fees Act,” and help Salt Lake City (the “City”) fund necessary capital improvements for future growth. This document will address the future parks and public lands, police, fire, and transportation
infrastructure needed to serve the City through the next ten years, as well as the appropriate impact fees the City may charge to new growth to maintain the level of service (LOS).
- Impact Fee Service Area: The Service Area for the parks and public lands, police, fire, and transportation impact fees includes all areas within the City. FIGURE 3.1 illustrates the proposed Service Area. This document identifies the necessary future system improvements for the Service Area that will maintain the existing LOS into the future.
- Demand Analysis: The demand units utilized in this analysis include population, calls for service, trip generation, households, and development square feet (SF). As new development and redevelopment occurs within the City, it generates increased demand on City infrastructure. The system improvements identified in this study are designed to maintain the existing LOS for any new or redeveloped property within the City.
- Level of Service: The existing LOS is defined throughout each section of this document. Through the inventory of existing facilities, combined with the growth assumptions, this analysis identifies the LOS, which is provided to a community’s existing residents and ensures that future facilities maintain these standards. Any excess capacity identified within existing facilities can be apportioned to new development.
- Excess Capacity: The demand analysis, existing facility inventory and LOS analysis allow for the development of a list of capital facilities necessary to serve new growth and to maintain the existing system. This list includes any excess capacity of existing facilities, as well as future system improvements necessary to maintain the LOS. The inclusion of excess capacity is known as a “buy-in.” Any demand generated from new development that overburdens the existing system beyond the existing capacity justifies the construction of new facilities. This analysis includes a buy-in component for public safety services only.
- Outstanding Debt: The City issued the Series 2013B bonds to fund the construction of a soccer complex and the Series 2009A and 2013C bonds to finance open These bonds were refunded by the Series 2015A and Series 2015B bonds. The facilities funded by these bonds are not included in the calculation of LOS, therefore a credit is not necessary. The Series 2010A, 2010B and 2011 General Obligation Bonds were issued to fund the Public Safety Administration Building. The Series 2011 Bonds were refunded by the Series 2015B Bonds. Since the City levies a property tax on the assessed value of existing and future development to pay the principal and interest on these bonds, the impact fee analysis has excluded these facilities from the determination of the buy-in calculation. It is anticipated that new development will contribute to the repayment of these facilities through the property tax levy.
- Capital Facilities Analysis: Due to the projected redevelopment within the City, additional capital improvements will be necessary as relate to parks and public lands, public safety and transportation infrastructure.
- Funding of Future Facilities: This analysis assumes future growth related facilities will be funded through a combination of General Fund revenues, bond financing, other governmental revenues and impact fee revenues. Where applicable, interest costs are included in the total cost to fund proposed system improvements.
View the Mayor’s Recommended IFFP in its entirety.