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TC Ord. No. 2008-06 TOA amending Title 3 of the Avon Muni code by adopting fire protection and emergency medical services impact fees for land development activities generating the need for additional fire protection or emergency medical servicesEAGLE COUNTY, CO 299s 16551 TEAK J IMONTON esresr20es Pgs: 266 04=41:16PM REC: $131 .00 DOC: $ I TOWN OF AVON, COLORADO ORDINANCE NO. 08-06 SERIES OF 2008 AN ORDINANCE OF THE TOWN OF AVON, COLORADO, AMENDING TITLE 3 OF THE AVON MUNICIPAL CODE, BY ADOPTING FIRE PROTECTION AND EMERGENCY MEDICAL SERVICES IMPACT FEES FOR LAND DEVELOPMENT ACTIVITIES GENERATING THE NEED FOR ADDITIONAL FIRE PROTECTION OR EMERGENCY MEDICAL SERVICES. WHEREAS, the Town of Avon, Colorado, ("Town") is a home rule municipality duly organized and existing under Article XX of the Colorado Constitution and the Town of Avon Home Rule Charter of 1978 ("Charter"); and WHEREAS, the Town, by virtue of its Home Rule status, may adopt such ordinances relative to local municipal matters as are necessary to effectuate the purposes and intent of the powers granted to municipalities; and WHEREAS, pursuant to C.R.S. § 31-15-601(1)(1), the Town Council has the power to erect engine houses and provide fire engines and the necessary fire apparatus for the extinguishing of fires and to provide for the use and management of the same by volunteer fire companies or otherwise; and WHEREAS, the Eagle River Fire Protection District ("Eagle River Fire" or "District") is a Colorado special district existing and operating under Title 32, Article 1, C.R.S., which includes the Town within its jurisdictional boundaries for the provision of fire protection and emergency medical services; and WHEREAS, the Town Council has determined that the District's capital infrastructure is designed to be mutually reinforcing for safety in that fire stations and firefighting equipment provide back-up coverage throughout the District's service area regardless of the physical location of a call for service within that area; and WHEREAS, the Town is experiencing high rates of population growth, increased population density and increased demand for fire protection and emergency medical services as a result of land development within the Town; and WHEREAS, to the extent that new development places demands upon the capital facilities and infrastructure for fire protection and emergency medical services, those 100086404.DOC / 2} Page I of 12 demands should be satisfied by the shifting the responsibility for financing such capital facilities and infrastructure from the public to the development creating the demands; and WHEREAS, the demand for fire protection and emergency medical services and facilities is immediate upon development of residential and commercial units even though the District's funding from tax revenues often accrues after the demand for such services exists; and WHEREAS, the Town Council finds and determines that one of the primary roles of building, subdivision and development review is to ensure availability of essential fire protection and emergency medical services and facilities, and that in order to promote and protect the convenience, order, prosperity and welfare of present and future inhabitants of the Town, a rational system is necessary to identify growth-related costs incurred by Eagle River Fire in providing new and expanded fire protection and emergency medical services made necessary by expanded population and economic activity levels generated by new development, and a fee structure therefor directly related to such costs and method for collection of such fees, should be adopted; and WHEREAS, the Town Council believes that fire protection and emergency medical services impact fees should reflect actual growth related capital costs; and WHEREAS, new development should not be charged for upgrading existing fire protection services and existing emergency medical services to serve primarily existing development, and funds collected from new development for fire protection services and emergency medical services should be primarily used to benefit such new development; and WHEREAS, the adoption of a requirement that developers of new residential, commercial and industrial subdivisions as well as new commercial, industrial and multi- family developments pay fire protection impact fees and emergency medical service impact fees as established herein will ensure that development bears a roughly proportional share of the cost of providing new and enhanced fire protection services and emergency medical services necessary to accommodate such new development; and WHEREAS, pursuant to Section 31-23-207, C.R.S., the purpose of a master plan, and any regulations adopted thereunder, is to guide and accomplish a coordinated, adjusted, and harmonious development of the municipality and its environs which will, in accordance with present and future needs, promote health, safety, morals, order, convenience, prosperity and general welfare, as well as efficiency and economy in the process of development, including among other things the promotion of helpful and convenient distribution of population, wise and efficient expenditure of public funds, and the adequate provision of public facilities; and 100086404. DOC / 2) Page 2 of 12 WHEREAS, pursuant to Section 31-23-303, C.R.S., a municipality may enact regulations made in accordance with a comprehensive plan designed to promote the health and general welfare, to avoid undue concentration of population, and facilitate the adequate provision of transportation, schools, and other public facilities; and WHEREAS, the Local Government Land Use Control Enabling Act (the "Act"), Sections 29-20-101, et seq., C.R.S., Article 23 of Title 31, and other applicable law grant broad authority to the Town to plan for and regulate the development of land on the basis of the impacts thereof on the community and surrounding areas; and WHEREAS, Section 29-20-104.5 authorizes counties and municipalities to impose an impact fee as a condition of issuance of a development permit to offset the costs of providing any capital facility directly related to any service the county or municipality is authorized to provide, that has a useful life of at least five years, and is required by charter or general policy of the county or municipality; and WHEREAS, Sections 29-1-801, et seq., C.R.S., concerning land development charges, recognize that local governments may collect charges imposed on land development as a condition of the approval of development, if such charges relate to an expenditure for an improvement, facility, or piece of equipment necessitated by land development that is directly related to a local governmental service; and WHEREAS, the Local Government Land Use Control Enabling Act of 1974 authorizes and encourages local governments to cooperate or contract with other units of government for the purpose of regulating the development of land and the impacts thereof, and WHEREAS, the Town Council finds and.determines that as part of the process for preliminary or final approval of an application for rezoning, planned unit development, conditional or special use permit, subdivision, development or site plan, or similar application for new construction, it is necessary and proper to examine whether adequate fire protection facilities and equipment and adequate emergency medical services facilities and equipment will be available to residents of the Town, if such application is approved; and WHEREAS, Eagle River Fire has ordered BBC Research & Consulting and Stan Bernstein and Associates, Inc. to conduct and BBC has completed a Impact Fee Study (`BBC/Bernstein Impact Fee Study") analyzing the extent of the impact of development on fire protection services and emergency medical services throughout the Eagle River Fire Protection District, including the Town of Avon, and the fees necessary to mitigate the impact thereof, and { 00086404. DOC / 2) Page 3 of 12 WHEREAS, prior to final adoption, a public hearing was held before the Town Council of the Town of Avon to consider the adoption of the provisions set forth herein, following public notice as required by law; and WHEREAS, based upon the testimony at the public hearing, in the reasonable judgment of the Town Council, it finds that (1) new development upon which the impact fees for fire protection and emergency medical services are imposed creates a need for the capital facilities being funded by such fees; (2) new development will benefit from the construction of the facilities and improvements to be funded by these impact fees; and (3) the costs of the facilities and improvements funded by these impact fees are directly related to that required by new development; and WHEREAS, the Town Council has determined that the imposition and application of an impact fee for fire protection and emergency medical services will not directly or indirectly have the effect of materially and adversely altering, impairing, preventing or diminishing, imposing a moratorium on development, or delay or otherwise adversely affect any of the rights of any property owner within the Town. WHEREAS, The Town Council finds that taking legislative action regarding fire protection and emergency medical services impact fees as set forth in this Ordinance is necessary to protect the health, safety and welfare of the present and future inhabitants of the Town and is consistent with the Town's goals, policies and plans, including the Town's Comprehensive Plan. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF AVON, COLORADO, as follows: Section 1. Adoption and addition of Chapter 3.40 to the Municipal Code of the Town of Avon, Colorado. Title 3 of the Avon Municipal Code is amended by the addition thereto of a new Chapter 3.40, which is to read in full as follows: Chapter 3.40 Impact Fees 3.40.010. 3.40.020. 3.40.030. 3.40.040. 3.40.050. 3.40.060. 3.40.070. 3.40.080. 3.40.090. 3.40.100. 3.40.110. 100086404.DOC / 2) Purpose Use of Fees Payment of Fees Timing of Payment Alternative Fee Calculation Credit for Improvements Refund of Paid Fees Lien for Unpaid Fees Waiver Impact Fee Schedule Annual Adjustment Page 4 of 12 3.40.010. Purpose A. The Town requires that areas chosen for development or re-development shall be capable of being provided within a reasonable period of time with an adequate level of fire protection and emergency medical services, including fire protection facilities and emergency medical services facilities. B. This Section is intended to: (1) Provide a rational system for identifying and mitigating costs associated with growth and development and the expansion of fire protection and emergency medical services and facilities made necessary by land development activities, a growing population and economic activity levels. (2) Regulate the use and development of land to ensure that new development pays no more nor less than its fair share of the cost of capital expenditures necessary to provide adequate fire protection and emergency medical services to developments within the Town. (3) Assure that the system of impact fees implemented in this Chapter is linked to a capital facilities program designed to provide the facilities and equipment for which the impact fees are imposed. (4) Ensure that the impact fees established by this Chapter are not used to offset existing deficiencies in capital facilities necessary to serve pre- existing development. (5) Ensure that new development that adequately mitigates or reduces the impact it creates on fire protection and emergency medical services through site-specific dedications or improvements receives offsetting credit against its impact fee obligation. (6) Assure that the impact fees established and implemented by this Chapter are imposed on a uniform and non-discriminatory basis throughout the Town to any lot, tract or parcel or expansion for which no building permit has yet been issued. 3.40:020. Use of Fees. A.. All impact fees collected pursuant to this Chapter shall, after retention of a reasonable administrative fee not to exceed six percent (6%) by the Town, within sixty (60) days following payment to the Town, be transferred to the Eagle River Fire Protection District (the "District"). 100086404.DOC / 21 Page 5 of 12 B. After payment to the District, all fees collected pursuant to this Chapter shall be accounted for in the manner required by 29-1-801, et seq., C.R.S., and other applicable law. Fees shall be deposited in an interest-bearing account which clearly identifies the lot, development activity and development approval for which the impact fee was collected and the associated category, account or fund of capital facility, by either aggregate or individual land development. Each such category, account, or fund shall be accounted for separately. Any interest or any income earned on moneys deposited in said interest-bearing account shall be credited to the account. C. Revenues from impact fees shall be used exclusively for capital facilities, as defined by Section 29-20-104.5, C.R.S., for fire protection and emergency medical services. The costs of such capital facilities shall include any financing costs associated with such improvements. D. No fees shall be used for periodic or routine maintenance, personnel costs or operational expenses. E. In the event that bonds or similar financing instruments are used for the advance provision of any capital facilities for which impact fees are required, impact fee revenues may be used to pay debt service on such bonds or similar financing instruments. F. The Town may enter into an intergovernmental agreement with the District to jointly fund expenditures and provide capital facilities needed to serve the development for which the impact fees were imposed. To the extent such intergovernmental agreement utilizes revenues from the impact fees imposed by this Chapter, it shall include such terms requiring compliance with this Chapter and Colorado law regarding impact fees, including Part 8, Article 1, Title 29 and Sections 29-20-103 and 29-20-104.5, C.R.S., and auditing of accounts and compliance as deemed appropriate by the Town Council. G. In the event this Ordinance is repealed or any such intergovernmental agreement is terminated, such capital facilities during their useful life shall continue to be utilized to provide services to the development for which the impact fees were imposed. 3.40.030. Payment of Fees. A. As used in this Chapter, the term "development approval" shall constitute a "development permit" as that term is defined and used in Sections 29-20-103 and 29-20-104.5, C.R.S. 100086404.DOC / 2} Page 6 of 12 B. A developer requesting a development approval shall be subject to payment of the impact fees established by this Chapter as a condition of development approval. The obligation to pay such impact fees shall run with the land. The impact fee imposed shall be paid at the time of issuance of each Building Permit. C. Where previous development activity has occurred prior to the imposition of the impact fees established by this Chapter, or for which impact fees were previously paid, impact fees for subsequent development activity on the same lot shall be based on the net increase, if any, in the impact fee based on the demand for capital facilities for fire protection and emergency medical services created by the new development activity as compared to the previous development activity. D. For applications for an amendment or change to a development approval previously obtained, but for which the development activity was not completed, the amount of the impact fee for the subsequent development approval shall be based on the net increase, if any, in the demand for capital facilities for fire protection and emergency medical services created by the new development approval as compared to the impact fee paid for the previous development approval. . 3.40.040. Timing of Payment. A. Where development activities may result in multiple levels of development approvals, such as annexation, zoning, subdivision and building permit approval, impact fees shall be imposed upon the earliest development activity to occur for which the amount of impact fees can be reasonably calculated. The impact fee imposed shall be paid at the time of issuance of each Building Permit. B. If for any reason, the amount of the impact fee cannot be calculated at the time of the initial level of development approval, the Town may defer computation and payment of all or a part of the impact fee until a subsequent level of development approval, or the Town may require that an estimated fee be paid. If an estimated fee is paid, any underpayment shall be recovered at the time of the next development approval at which the impact fee can be reasonably calculated. In the event an over-payment is made, such over-payment shall be refunded, without interest, within thirty (30) days following the date the impact fee can be completely computed. 3.40.050. Alternative Fee Calculation. In lieu of payment of impact fee amounts set forth in this Chapter, the developer may prepare and submit to the Town Manager a site-specific fiscal impact and fee calculation study for the development approval that is requested. The site-specific fiscal impact and fee calculation study shall follow the prescribed methodologies and formats { 00086404. DOC / 21 Page 7 of 12 established by the impact fee study submitted by the District. The fiscal impact study submitted shall show the basis upon which the site-specific fee calculation was made. The site-specific fiscal impact and fee calculation study shall be prepared and presented by professionals qualified in their respective fields. The Town Manager shall consider the documentation submitted by the developer, but is not required to accept such documentation reasonably deemed to be inaccurate or, not reliable, and may, in the alternative, require the developer to submit additional or different documentation for consideration. If an acceptable site-specific fiscal impact and fee calculation study is not presented, the developer shall pay the impact fee set forth in this Chapter. Determinations made by the Town Manager pursuant to this paragraph may be appealed to the Town Council by filing a written request with the Town Manager within ten (10) days of the Town Manager's determination. Following the submittal of such request, the Town Council shall hold a public hearing to determine the amount of the impact fee. The decision of the Town Council shall be a final quasi-judicial decision for purposes of Rule 106(a)(4) and (b), C.R.C.P. 3.40.060. Impact Fee Credit for Improvements. Any developer who has previously made a site specific dedication or improvement to meet the same need for capital facilities for which an impact fee is imposed, may apply to the Town Council for a partial or total impact fee credit. The developer shall submit written evidence of the previously made site specific dedication or improvement, the fair market value of the site specific dedication or improvement at the time the dedication or improvement was made and that such was made for capital facilities for which an impact fee is imposed. Upon approval by the Town Council, the developer shall receive a credit against the amounts due or to become due pursuant to this Chapter. Such credit may also be made as a refund or refunds to the developer from impact fees imposed and paid to the Town equal to the fair market value of the site-specific dedication or improvement provided by the developer. 3.40.070. Refund of Paid Fees. A. If a Building Permit expires without commencement of construction or development, the applicant shall be entitled to a refund, without interest, of the impact fee paid as a condition for issuance, except when the fee has been expended or encumbered by the District in advance of and in anticipation of development. The applicant must submit an application for such refund to the Town Manager within thirty (30) days of the expiration of the Building Permit. Neither the Town or the District shall have any obligation to refund any fee that has been expended or encumbered by the District in advance of and in anticipation of the development. B. Any impact fee not expended or encumbered .by the District by the end of the calendar quarter immediately following ten (10) years from the date the fee 100086404.DOC / 2} Page 8 of 12 was paid shall, upon application of the then current landowner to the Town Manager, be returned to the landowner with interest earned on the fee, within one hundred eighty (180) days of the expiration of such ten (10) year period. Provided, however, that the Town Council, in its discretion, for good cause shown, may extend such period of time for an additional period as the Town Council deems reasonable and necessary. 3.40.080. Lien for Unpaid Fees. All impact fees shall constitute a prior, perpetual lien upon each lot or parcel subject to the development approval for which impact fees are imposed from the due date thereof, until paid. If such fee is not paid when due, in addition to any other means provided by law, the Town Clerk shall certify such delinquent fee to the Treasurer of Eagle County, and the fee shall be collected in the same manner as though it were part of the taxes. The Town may withhold or revoke any development approval, including certificates of occupancy, for which payment of impact fees is delinquent. 3.40.090. Waiver. The Town Council may, by resolution, grant a waiver of the applicable impact fees for fire protection and emergency medical services on a development or portion of a development for the purpose of constructing or providing low or moderately priced housing units for sale or lease to low or moderate income persons; provided that the parties to the development shall agree to appropriately restrict the. future use of the applicable units by recorded agreement, deed restriction, covenants, declarations, or similar instruments as may be required by the Town Manager. 3.40.100. Impact Fee Schedule. The following impact fees for fire protection and emergency medical services are established and imposed. The impact fee amounts and rates are deemed to fairly, equitably and proportionately mitigate the impacts on capital facilities for fire protection and emergency medical services created by development within the Town. Any impact fee for fire protection and emergency medical services hereby imposed shall be imposed and applied on a uniform and non-discriminatory basis throughout the Town to any lot, tract or parcel or expansion for which no building permit has yet been issued. For Residential, Commercial (including lodging) or Industrial Development, impact fees imposed for fire protection and emergency medical services shall be based on size of the water meter required for development: 3/4 inch 1 inch 1.5 inch Impact Fee: $ 1,671 Impact Fee: $ 2,841 Impact Fee: $ 5,515 { 00086404. DOC / 2) Page 9 of 12 2 inch 3 inch 4 inch 6 inch 3.40.110. Annual Adjustment. Impact Fee: $ 8,857 Impact Fee: $18,382 Impact Fee: $28,409 Impact Fee: $55,147 The impact fees imposed hereby shall be reviewed and may be administratively adjusted without further Town Council action annually for inflation, beginning January 15, 2009 and annually on each anniversary date thereafter. Any such adjustment shall be based upon the percentage change in the United States Bureau of Labor Statistics Consumer Price Index for Denver-Boulder, all items, all urban consumers, or its successor, index, or an equivalent index applicable to Eagle County. Section 2. BBC/Bernstein Impact Fee Study Approval. The Town Council hereby approves and adopts the BBC/Bernstein Impact Fee Study, a copy of which is attached hereto as Exhibit A, as the basis for the impact fees for fire protection and emergency medical services established by this Ordinance. Section 3. Public Inspection. The full text of this Ordinance and the Avon Municipal Code being amended hereby, are available for public inspection at the office of the Town Clerk. Section 4. Severability. If any portion of this Ordinance is found to be void or ineffective, it shall be deemed severed from this Ordinance and the remaining provisions shall remain valid and in full force and effect. Section 5. Effective date. This Ordinance shall become effective and be in force immediately upon final passage at second reading. INTRODUCED, READ, AND ORDERED PUBLISHED BY THE TOWN COUNCIL OF THE TOWN OF AVON, COLORADO, UPON A MOTION DULY MADE, SECONDED AND PASSED AT ITS REGULAR MEETING HELD AT THE TOWN OF AVON, ON THE 22ND DAY OF, APRIL, 2008. ~~~1N OFq~, N Attest: TO AV N,COLORA O By: C. Ronald C. Wolfe, Mayor By; a y M Kenny, Clerk { 00086404. DOC / 2) Page 10 of 12 FINALLY ADOPTED, PASSED, APPROVED, AND ORDERED PUBLISHED BY THE TOWN COUNCIL OF THE TOWN OF AVON, COLORADO, UPON A MOTION DULY MADE, SECONDED AND PASSED AT ITS REGULAR MEETING HELD AT THE TOWN OF AVON, ON THE -DAY OFJ ut~.. 2008. ~J paws-- gyp- AVp r 'zt TOWN O AV N, COLO O By: CA. Ronald C. Wolfe, Mayor Attest: By APPROVED AS TO FORM: JA John W Dunn, Town Attorney 100086404.DOC / 2) Page 1 1 of 12 Exhibit A Eagle River Fire Protection District Impact Fee Study - Phase II, Final Report July 24, 2007 BBC Research & Consulting Stan Bernstein and Associates, Inc. ("BBC/Bernstein Impact Fee Study") {00086404.DOC / 21 Page 12 of 12 IEARGH & CONSUL ING 3773 Cherry Creek North Drive Suite 850 Denver, Colorado 80209-3827 303.321.2547 fax 303.399.0448 www.bbcresearch.com bbc@bbcresearch.com July 24, 2007 Mr. Charles Moore Fire Chief/General Manager Eagle River Fire Protection District 351 Benchmark Road Post Office Box 7980 Avon, Colorado 81620-7980 Re: Eagle River Fire Protection District Impact Fee Study - Phase 11, Final Report Dear Mr. Moore: The Eagle River Fire Protection District hired BBC Research & Consulting (BBC) and Stan Bernstein' and Associates, Inc. (SBA) in November, 2006 to calculate impact fees for the Eagle River Fire Protection District (District). We will do so by answering the following four questions: What is the current level of service provided by the Eagle River Fire Protection District? Since the primary purpose of impact fees is to help the Eagle River Fire Protection District maintain its current level of service in the future, it is necessary to know the level of service the Eagle River Fire Protection District is currently providing to the community. 2. What future growth is expected within the District? How many new residential households and nonresidential buildings will be served by the Eagle River Fire Protection District over the next ten years? 3. What new infrastructure is required to serve future growth while maintaining the current level of service? For example, how many new stations and fire. trucks will be needed over ten years to maintain the current level of service? Final Report - Page,2 4. What impact fee is required to pay for the new infrastructure? Here we calculate an apportionment of new infrastructure costs to future residential and nonresidential land- uses.. Then, using this distribution, the applicable impact fees are determined. Addressing these four questions, in order, provides the most effective and logical way to calculate impact fees for the Eagle River Fire Protection. District. 1) What is the current level of service provided by the Eagle River Fire Protection District? The District aims to fulfill two goals in regards to the level of service provided to the community: 1. The presence of one fire station within five road miles of any major development within the District's protection area; and, 2. For most routine requests for emergency assistance, the District will respond with a single resource with four firefighters as opposed to two resources with 4 firefighters. These service level goals are designed to promote efficiency, safety and better preparation for simultaneous calls throughout the District. However, the District's current infrastructure and equipment are sometimes insufficient to fulfill the second goal due to recent and anticipated growth. In order to maintain this level of service to both curient and future residents, additional infrastructure and personnel will be needed by the District. 'Impact fees will help mitigate the financial burden created by these future investments. 2) What future growth is expected in the District? On March 6, 2007, SBA prepared an analysis of expected residential and non-residential growth that is likely to occur within the boundaries of the Eagle River Regional Fire Protection District during the next 20 years. This document is attached as Appendix A. Exhibit 1 summarizes the overall growth projections of the District from December 31, 2006 to December 31, 2026. Final Report - Page 3 Exhibit 1. Future Growth - Eagle River Fire Protection District Service Population = SFEs SFEs. 20-Year Geographic. Area. 12/31/2006 .12%31/2026 Growth . Arrowhead 977 1,007 30 Town of Avon 3,189 4,229 1,040 Villages at Avon 268 1,642 1,374 Beaver Creek 2,701 2,754 53 Bachelor Gulch 970 1,042 72 Berry Creek 1,069 1,099 30 Eagle Vail 2,346 2,380 34 Edwards/Cord Val. 2,637 3,072 435 Cordillera/Summit 963 1,204 241 Red Sky Ranch 16 168 152 Wolcott Area - 1,350 1,350 Ginn Property - 2,180 2,180 Minturn 703 893 190 Red Cliff 125 139 14 Total 15,964 23,159 7,195 Source: Stan Bernstein and Associates, Inc. As shown above, the District's service population will experience growth of an estimated 7,195 single family equivalents (SFEs) in the next twenty years, a 45.4 percent increase. The largest growth will occur at the proposed Ginn Planned Unit Development, with an increase of 2,180 SFEs. The proposed Villages at Avon could add 1,374 SFEs; and the Wolcott Area, while difficult to precisely define at this time, could add up to 1,350 SFEs. 3) What new infrastructure is required to maintain the current level of service for future growth? Exhibit 2 below includes all new infrastructure (including purchases, repair and upgrades) as detailed in the Eagle River Fire Protection District 20-year CIP. This list of capital is consistent with the recommendations of the independent siting consultant retained by ERFPD provided to us via e-mail by Charlie Moore on Friday, May 4, 2007. Final Report • Page 4 Exhibit 2. Future Infrastructure deeds-2007 to 2026 Pdition Allocated Yeai' Purchase to Include I Purchase Type of Capital litfrastructure. purchased Value Impad;Fees - Value: Buildings Avon Fire Stationltl 2010 $5,500,000 45% $2,478,859 Minturn Fire Station() 2014 $500,000 10% $50,000 Wolcott Fire Station 2009 $750,000 100% $750,000 Gilman Fire Stationf'1 2011 $2,500,000 100% $2,500,000 Edwards Fire Station 2010 $2,500,000 45% $1,126,754 Eagle-Vail or TraerCreek Fire Station 2014 $2,500,000 45% $1,126,754 Red Cliff Fire Station 2009 $950,000 0% $0 Employee Housing Units TBD $1,250,000 4S% $563,377 Public Safety Training Facility(2) NA $7,000,000 4.5% $315,000 Subtotal Buildings $23,450,000 38% $8,910,744 Vehicles and Equpment Fire Rescue Vehicle for Avon Fire Station()) 2010 $400,000 100% $400,000 Pumper Truck for Eagle-Vail Fire Station TBD $450,000 100% $450,000 Pumper Truck for Gilman Fire Station 2010 $450,000 100% $450,000 Ladder Truck for Minturn Fire Station 2014 $980,000 100% $980,000 Brush Truck for Edwards Fire Station 2010 $125,000 100% $125,000 Brush Truck for Gilman Fire Station 2010 $150,000 100% $150,000 Water Tanker for Gilman Fire Station 2014 $425,000 100% $425,000 Incremental Staff Vehicles Vehicle #1 TBD $50,000 100% $50,000 Vehicle #2 TBD $50,000 100% $50,000 Video Conferencing Technology TBD $60,000 0% $0 SCBA Recharge Compressor TBD $15,000 100% $15,000 Subtotal Vehicles and Equipment $ 3,155,000 98% $3,095,000 Impact Fee Study(4) $18,000 100% $18,000 Grand Total: $12,023,744 Note: These new assets will allow the District to meet the level of service goals. (1) Includes land, design, building and FFE. (2) Eagle River Fire is one of ten agencies planned to use this facility, therefore only ten percent of its growth attributable purchase value is included in our calculations. (3) Value represents "fully-loaded" price of the vehicle, including tools, communications and other equipment. (4) Our Impact Fee Study is fully impact-fee eligible. Source: Eagle River Fire Protection District 20-year CIP. The District plans on constructing new buildings and purchasing new vehicles and equipment in the next twenty years. However, not all of these new infrastructure purchases are associated with growth. Some capital costs are for repair and replacement of facilities e.g., standard periodic investment in existing facilities such as replacing an older fire engine and re-roofing a fire station. These costs are not impact fee eligible. Some capital costs are for betterment of facilities, or implementation of new services (e.g., development of a fire training facility for the first time). These costs are generally not entirely impact fee eligible. Some costs are for expansion of facilities to accommodate new development at the current level of service (e.g., purchase of new fire truck to accommodate expanding population). These costs are impact fee eligible. Final Report - Page 5 Because there are different reasons why the District invests in capital projects, BBC conducted a "GRUM" Analysis on all projects listed in the CIP: Growth. The "G" in GRUM stands for growth. To determine if a project is solely related to growth, we ask "Is this project designed to maintain the current level of service as growth occurs? " and "Would the Fire Department still need this capital project if it weren't growing at all?" "G" projects are only necessary to maintain the Department's current level of service as growth occurs. It is thus appropriate to include 100 percent of their cost in the impact fee calculations. Repair & Replacement. The "R" in GRUM stands for repair. & replacement. We ask, "Is this project related only to fixing existing infrastructure?" and "Would the Fire Department still need it if it weren't growing at all?" "R" projects have nothing to do with growth. It is thus not appropriate to include any of their cost in the impact fee calculations. ■ Upgrade. The "U" in GRUM stands for upgrade. We ask, "Would this project improve the Fire Department's current level of service?" and "Would the Department still do it even if it weren't growing at all?" "U" projects have nothing to do with growth. It is thus not appropriate to include any of their cost in the impact fee calculations. ■ Mixed. The "M" in GRUM stands for mixed. It is reserved for capital projects that have some combination of G, R and U. "M" projects by their very definition are partially necessitated by growth, but also include an element of repair, replacement and/or upgrade. In this instance, a cost amount between 0 and 100 percent should be included in the fee calculations. Although the need for these projects is triggered by new development, they will also benefit existing residents. Projects that are 100 percent growth-related were determined by our study to be necessitated solely by growth. Alternatively, some projects were determined to be "mixed" in that they had elements of growth, repair and replacement and/or upgrade. The Edwards Fire Station and Employee Housing Units (found in Exhibit 2) are examples.of such projects. In these situations, only a portion of the total cost of each project was included in the final impact fee calculation.' The remainder of the cost of each "mixed" project should be paid by the District. After accounting for "mixed-use" purchases, the approximate total value of fee-eligible capital construction and purchases is $12.0 million. 4) What impact fee is required to pay for future infrastructure? Here we calculate how much of the new fee-eligible infrastructure will be paid by developers. Using the distribution of future land-use from Exhibit 1, we can assign future infrastructure costs from As a proxy for the "M" percent, we used a ratio of total incremental square footage from 2007-2026 to total current square footage. This ratio equaled about 45 percent. Final Report - Page 6 Exhibit 2 to the appropriate development category and calculate the applicable fees. Our results are shown in Exhibit 3. Exhibit 3. Calculation of Impact Fees Impact* Fee Calculation' Allocated Value for Future Fire Infrastructure $12,023,744 Note: (1) See Exhibit 2. (2) See Exhibit 1. Source: Eagle River Fire Protection District 20-year CIP, Stan Bernstein and Associates, Inc. and BBC Research & Consulting. Net Growth in SFEs 2007-2026(2) Impact Fee per New SFE 7,195 $1,671 As indicated above, we have calculated an impact fee of $1,671 per new SFE. A fee not to exceed this amount is recommended for the District. Single family homes would be charged this fee unless they were large enough to count as more than one SFE, as determined from the utility meter portion of each unit's building permit. Similarly, multifamily and non-residential development projects would be assessed impact fees according to the number of SFEs they represent. A residential meter (3/4 inch) is considered the standard meter and has a capacity ratio of 1. All larger meters serve commercial purposes and have capacity ratios greater than 1. Exhibit 4 lists the capacity ratios and meter size and type, according to the American Water Works Association. Exhibit 4. Capacity Ratios Source: American Water Works Association. Meter Size Type. Capacity Ratio I- plaafee 3/4 Inch Displacement 1.0 $ 1,671 1 Inch Displacement 1.7 $ 2,841 1-112 Inch Displacement 3.3 $ 5,515 2Inch Displacement/Compound 5.3 $ 8,857 3Inch Compound 11.0 $ 18,382 4Inch Compound 17.0 $ 28,409 6Inch Compound 33.0 $ 55,147 8Inch Compound 53.3 $ 89,071 8Inch Displacement 60.2 $100,602 10 Inch Compound 77.1 $128,900 12 Inch Compound 144.2 $240,988 Using the ratios from Exhibit 4 and the utility meter portion of each new building permit, the District can determine how many SFEs each new building represents and assess the appropriate fee. For example, a new commercial building with a 3 inch meter warrants an impact fee of $18,382. Implementation Recommendations We offer the following recommendations for your consideration: Final Report - Page 7 The fees calculated in Exhibit 4 should be considered as the maximum defensible amount, and can be lowered by the District's board if there are economic development concerns. ■ In order for the District to collect those fees, it will need to pursue intergovernmental agreements (IGAs) with local governments that have building permit authority such as Eagle County and the Towns of Avon, Minturn and Redcliff. ■ The District should promptly create and maintain an "Impact Fee Fund" separate and apart from the General Fund. All current and future impact fee revenue should be immediately deposited into this account, and withdrawn only to pay for growth-related infrastructure. The Department's General Fund should be reserved solely for the receipt of tax revenues and associated interest earnings, and ongoing operational expenses including the repair and replacement of existing infrastructure not related to growth. ■ The fees calculated in this study should be updated periodically as the District invests in additional fire protection infrastructure beyond what is listed in Exhibit 2, and/or the District's population or inventory of commercial square footage change significantly. ■ The fees should be updated annually based on the Engineering News Record index or other infrastructure inflation indices. ■ For projects listed in the Capital Improvements Plan that are not 100 percent growth- related ("mixed" projects), the District should assume the responsibility of paying their share from existing fund balances and/or ongoing revenue sources not tied directly to growth. ■ The timing of the initial implementation of the fees is important. For example, an estimated 218 SFEs are conservatively estimated to be constructed within the District's boundaries during 2007 - at an assumed fee rate of $1,671 per SFE, approximately $364,278 of fee revenue would be lost if the fees were not implemented during 2007. ■ It is important for the District to understand that approximately $12.0 million of fees are estimated to be collected from during years 2007 through 2026. nowever, the District's CIP (as set forth on Exhibit 2) indicates that growth related capital improvements will be required to be constructed or purchased during years 2009 through 2014. Consequently, these fee revenues will likely lag the need for growth related CIP projects. The District should plan for this net fee revenue shortage, and may have to advance General Fund or Bond Fund revenues to the Impact Fee Fund and seek reimbursement in future years from fee revenues generated. It will be difficult for the District to market revenue bonds which are supported by estimated fee revenue generated in future years. Final Report - Page 8 i I In the event that Developers pay for CIP related improvements, the District could consider implementing a type of "Cost Recovery Policy" so that Developers are reimbursed all, or a portion, of the fees generated by their respective real estate developments. The District has hired a planning consultant to refine the District's CIP. While we feel the current CIP accurately reflects future purchases for the District, any changes made by the consultant can be easily applied to the impact fees through amendment. Please feel free to contact us with any questions or concerns you might have about our conclusions. Our toll-free telephone number is 800-748-3222, x236 for Tom Pippin and x252 for Scott Kitchens. Sincerely, Thomas A. Pippin Managing Director Stan Bernstein Stan Bernstein Bernstein and Associates, Inc. ~1140,- , Scott Kitchens Research Associate Stan Bernstein and Associates, Inc. Financial Planners and Consultants For Local Governments, Municipal Bond Underwriters, and Real Estate Developers 8400 East Prentice Ave., Penthouse Greenwood Village, Colorado 80111 Phone: 303-409-7611 Fax: 303-409-7612 Email: Stanplan @ Earthlink.net September 10, 2007 Mr. Charlie Moore Board of Directors Eagle River Fire Protection District RE: DRAFT 46 ERFPD - FUTURE SINGLE FAMILY EQUIVALENT UNIT AND IMPACT FEE REVENUE FORECAST Dear Charlie and Board of Directors: Enclosed for your review is the most current draft of the results of our 2007 forecast of future Single Family Equivalent Units (SFE's) within the boundaries of Eagle River Fire Protection District ("ERFPD"). For the purposes of this forecast, one SFE contains 3,000 square feet, with the exception of hotel rooms which are assumed to be 0.35 SFE's or 0.50 SFE's depending upon kitchen facilities. The attached Schedule 1 summarizes the future SFE'S for ERFPD for the years ending December 31, 2007 through 2025. The last two rows on page 2 summarize the Impact Fee Revenues that could be generated from the proposed impact fee rate of $1,671 per SFE. These Impact Fee Revenues total Approximately $14.6 million from 2007 through 2025 (approximately $480,000 for 2007). As of December 31, 2006 there were approximately 15,990 SFE's being served by ERFPD. Schedule 1 indicates an additional 8,714 SFE's could be added during the next 19-years which represents an increase of approximately 54.5% over the SFE base as of December 31, 2006. The total estimated increase in SFE'S during the next 19-years by geographical area is summarized on the following page: Mr. Charlie Moore ERFD Board of Directors September 10, 2007 Page 2 of 6 INCREASE 2007 - ADDED 2025 GEOGRAPHICAL SFE'S SFE'S DURING AREA (a, 12/31/06 12/31/25 2007 SFE'S PERCENT ARROWHEAD 977 1,007 10 30 3.07% TOWN OF AVON 3,194 4,251 64 1,057 33.096/. VILLAGES @ AVON(*) 268 2,428 0 2,160 805.97% BEAVER CREEK 2,706 2,757 30 51 1.88% BACHELOR GULCH 979 1,051 31 72 7.35% BERRY CREEK 1,080 1,113 13 33 3.06% EAGLE VAIL 2,352 2,388 5 36, 1.53% EDWARDS/CORD VAL. 2,622 3,453 81 831 31.69% CORDILLERA/SUMMIT 968 1,406 33 438 45.25% RED SKY RANCH 16 168 8 152 950.00% WOLCOTT 0 1,350 0 1,350 N/A GINN PROPERTY 0 2,300 0 2,300 N/A MINTURN 703 893 10 190 27.03% RED CLIFF 125 139 2 14 1120% TOTALS 15,990 24,704 287 8,714 54.50% Approximately 514 additional SFE' S could be constructed at the Villages @ Avon Schedule 1 indicates that an additional 287 SFE' S could be added during 2007; 401 SFE'S units could be added during 2008 (approximately 55% of those living units assumed be generated from The Confluence Riverfront related development); and an average of 466 SFE' S are assumed to be added annually during 2009 - 2025. It is important that these SFE estimates are carefully monitored so that adjustments can be made as future events regarding construction activity becomes clearer. A brief summary of the various projects expected to be constructed during the next 20- years within the boundaries of ERFPD is described in the following paragraphs. ARROWHEAD Arrowhead is approaching full-buildout. We have assumed an average of 10.0 SFE's added during the next two years (2008 - 2009). This assumes that 5 - 6 large homes per year for the next two years will be constructed at various subdivisions at Arrowhead. TOWN OF AVON (EXCLUDING VILLAGES Q) AVON) The Town of Avon (excluding the Villages of Avon) is expected to add approximately 1,057 additional SFE's during the next nineteen years as described in the following paragraph. 1 Mr. Charlie Moore ERFD Board of Directors September 10, 2007 Page 3 of 6 Approximately 10 SFE's per year during 2008 are expected to be generated from the Wildridge subdivision with an additional 5 SFE's per year from 2009 - 2013 and 2 SFE's per year beginning in 2014. Approximately 4 SFE's per year are expected to be generated from the Mountain Star subdivision., The West Avon Mall area (including only Avon Center and Lot 61 projects) is expected to generate 176 SFE's in years 2010 - 2013. The Gates at Beaver Creek development is expected to generate 50 SFE's in 2007. The Madison Partner's PUD is located east of The Gates development and is estimated at 112 SFE's during 2010. The Sheraton Mountain Vista expansion is expected to generate 61 SFE's during 2010 and 46 SFE's in 2012. The Westin Riverfront development (Confluence) is expected to generate approximately 373 SFE's in years 2008 - 2010. The Pizza Hut area (including the Buck Creek PUD) is expected to generate approximately 84 SFE's by the end of 2012. There is also a possibility that the entire East Avon Commercial Area (City Market Area) could generate significant additional SFE's as a result of potential urban renewal activity which is currently being studied by the Town of Avon and its consultants - we are assuming no SFE's from this development at this time. THE VILLAGES AT AVON The Town of Avon has provided the following information reflecting the Town's most current thinking regarding the scope and timing of real estate development at the Villages at Avon. However, this information is obviously subject to a high degree of speculation and uncertainty and modification and change as of this date and should be viewed in that context. Based upon current zoning, approximately 2,160 additional SFE' S could be added during the next 20-25 years. It is important to understand that we are not projecting any additional SFE's generated from this area until 2010 when we estimate an additional 70 SFE's generated from residential and commercial construction activity. Following is a discussion of the information that the Town of Avon has provided regarding the future development plans at the Villages at Avon. Single Family Homes A total of 54 moderate-sized homes are expected to be constructed south of I-70 from 2011 through 2022. A total of 37 estate-sized homes (containing approximately 1.75 SFE's each) are expected to be constructed north of I-70 from 2013 through 2022. Condominiums, Multi-Family Proiects Approximately 144 RMF -1 condominiums are expected to be constructed during 2010 through 2013. Approximately 96 RMF - 3 condominiums are expected to be constructed during 2010 through 2013. Approximately 33 condominiums per year beginning in 2012 are expected to be constructed Area A, D, E, and F combined. An additional 650,000 square feet of retail space is expected to be completed by the end. of 2015, which is would add a total of approximately 55.0 SFE's on a conservative basis. Mr. Charlie Moore ERFD Board of Directors September 10, 2007 Page 4 of 6 Affordable Housing Proiects A total of 500 affordable housing units are expected to be constructed in three phases. The first phase is complete. The second phase will consist of 155 units expected to be completed during 2012, and the final phase will consist of 113 units expected to be completed during 2013. Hotel Proiects A total of 560 hotel rooms (i.e., approximately 197 SFE's assuming each hotel room is assessed 0.35 SFE's) are expected to be constructed in three phases. The first phase is expected to be completed by the end of 2012 and consist of 150 hotel rooms generating 53 SFE's. The second phase is expected to be completed by the end of 2014 and consist of a 245 room hotel containing approximately 86 SFE's. The final phase is expected to be completed during 2017 and consist of a 165 room hotel containing approximately 58 SFE's. BEAVER CREEK Beaver Creek is approaching full-buildout. We are assuming an additional 7.0 SFE's per year during 2008 - 2010. BACHELOR GULCH Bachelor Gulch is also approaching full-buildout. A total of approximately 31 SFE's will be added during 2008 from the Beaver Creek Landing project. 5 SFE's are estimated during 2009 and 2010. Additional SFE's could also be generated from the potential conversion of a portion of the Ritz-Carlton Hotel rooms to large fractional, or whole ownership units. BERRY CREEK (SINGLE TREE) Single Tree is approaching full-buildout with an additional 20 SFE's expected to be added during the next two years as a result of new construction and remodeling projects. EAGLE VAIL Eagle Vail is 100% completed and built-out, although various renovation projects appear to be resulting in additional SFE's. EDWARDS (INCLUDING CORDILLERA VALLEY CLUB) Following is a summary of likely development in Edwards. Homestead, Heritage Park, South Forty, Fred Green, Riverwalk - Riverwalk and Heritage Park are assumed to be complete in 2007. We estimate an additional 96 SFE's during 2008 - 2010 to be generated from various vacant lots in Homestead, South Forty, and the proposed Fred Green site. We estimate an additional 20 SFE's per year from these areas during 2010 - 2014, and 10 SFE's per year beginning in 2015. Mr. Charlie Moore ERFD Board of Directors September 10, 2007 C Page 5 of 6 West End (Gashouse Corner) The West End development is expected to include 185 multi family and affordable housing units plus commercial space. We estimate 200 SFE's from this development during 2009 - 2014. Rick Mueller Development There is currently a PUD submittal for a 40 - 60 multi- family development residential project south of Edwards Corner (north of the church). We have assumed 50 SFE's during 2008 - 2009. Fox Hollow (West of Mobile Home Parr, South Side of Highway 6) The Fox Hollow PUD includes 21,000 square feet of light industrial/commercial space and 26 residential units (duplex and condominium). A portion of the commercial space is under construction (veterinary space). We estimate a total of 10 SFEs from the commercial development and 26 SFES from the residential development (total of 36 SFE's during 2007 -2010). This site also includes the Edwards Design and Craft Center PUD which includes 49,700 square feet of light industrial/commercial space and 5 employee housing units. We estimate 25 SFE's from this site during 2010 - 2015. Equestrian Center Site C 2 schools (1 high school and 1 elementary school) are planned for this site. The schools are expected to be complete by 2010. Based on current SFE's for Battle Mountain High School (40.9 plus 10.3 for the addition) and Edwards Elementary School (10.3) we estimate 40 SFE's for the high school and 10 SFE's for the elementary school in 2010. Cordillera Valley Club is assumed to add an average of approximately 6 SFE's (3-4 homes).. CORDILLERA AND THE SUMMIT The Summit area of Cordillera is assumed to add approximately 8 - 9 SFE's annually beginning in 2007 (although the number of new SFE's may decline to 4 -5 after the next 5 years - we will continue to monitor this). The Divide and Ranch subdivisions,of Cordillera are assumed to add approximately 8 - 9 SFE's annually beginning in 2007. RED SKI' RANCH - At full buildout Red Sky Ranch will contain 117 single family residences. As of December, 2006 there are approximately 16 completed homes in Red Sky Ranch. We estimate 5 additional homes per year beginning in 2007. WOLCOTT - Future development in the Wolcott area is projected to begin within the next ten years. At full buildout, we estimate a total of residential living units in the Wolcottarea. We assume 39 living units in 2010 with full-buildout occurring by 2025. Mr. Charlie Moore ERFD Board of Directors September 10, 2007 Page 6 of 6 GINN DEVELOPMENT - For purposes of this report, we are assuming the Ginn Development outside of Minturn will contain 600 single family homes and 1,100 townhome/condominium units. It is assumed that residential units will begin construction during 2011 and approach full-buildout by 2025. MINTURN - On a conservative basis, it is expected that unidentified real estate development within the Town of Minturn will add an average. of 10 residential units annually after 2006. RED CLIFF - According to official from the Town of Red Cliff, the town currently serves 125 SFE's for water and sewer. The Town is largely built out with only a few vacant lots remaining. The area is seeing a trend of scraping older homes to rebuild larger, newer homes. This trend may result in a couple new SFE's annually. LIMITATIONS Stan Bernstein and Associates, Inc. has assembled the above information, and the information presented on Schedule 1, based on information provided by others. Stan Bernstein and Associates, Inc. has not independently evaluated or tested this information. Consequently, Stan Bernstein and Associates, Inc. does not vouch for the achievability or accuracy of this information, and disclaims any opinion with respect to this information. Very truly yours, Stan Bernstein Stan Bernstein and Associates, Inc.