HomeMy WebLinkAboutCPA201500002 Staff Report 2016-04-21COUNTY OF ALBEMARLE
AGENDA TITLE:
Fiscal Impact Advisory Committee
Recommendation on Cash Proffer
Policy
SU BJ ECT/PROPOSAL/REQU EST:
Receipt and discussion of Fiscal Impact
Advisory Committee's Cash Proffer
Policy Recommendation
EXECUTIVE SUMMARY
AGENDA DATE:
September 22, 2015
STAFF CONTACT(S):
Bill Fritz, Steve Allshouse
PRESENTER (S):
Bill Fritz
BACKGROUND:
In September 2014, the Board of Supervisors directed the Fiscal Impact Advisory Committee (FIAC) to provide
a recommendation regarding potential revisions to the credits portion of the County's Cash Proffer Policy and to
recalculate the maximum per unit cash proffer amount, by dwelling unit type, contained in the County's Cash
Proffer Policy. The Board also approved a Resolution of Intent to amend the current policy, which is part of the
Comprehensive Plan. On August 8, 2015 the work of the FIAC was presented to the Board of Supervisors.
They requested that the Commission provide additional advice and recommendations regarding potential
revisions and credits and to forward those comments as soon as possible.
STRATEGIC PLAN:
Goal 2. Critical Infrastructure. Prioritize, plan and invest in critical infrastructure that responds to past and
future changes and improves the capacity to serve community needs.
DISCUSSION:
The FIAC has held a total of 18 meetings in order to address the charge of the Board. The Committee
spent the majority of its meetings on the Board's request to recalculate the maximum per unit cash proffer
amount. The Committee devoted less time to the discussion of potentially revising credits.
The FIAC recommends that the recalculated maximum per unit cash proffer amounts, by dwelling unit type,
should be as follows:
Single Family Detached (SFD) = $4,918;
Single Family Attached/Townhouse (SFA/TH) = $3,845; and
Multifamily (MF) = $5,262.
The FIAC's major recommendations regarding credits are listed below.
1. Credits should be considered independently of the maximum per unit cash proffer amount; and
2. Credits for existing by -right units should continue, and should be included in the policy to the extent that
the density proposed is consistent with the Comprehensive Plan.
For more detail about these recommendations, as well as a list of some additional minor recommendations
developed by the Committee, please see Attachment A. Staff recommendations for changes to the Cash
Proffer Policy are contained in Attachment B.
For additional information about the maximum per unit cash proffer amount figures, please see Attachment
C. For a list of proffer revenues and expenditures, as of Q3 FY 15, please see Attachment D. This last
attachment gives a perspective on the dollar scale of the County's current cash proffer program.
BUDGET IMPACT:
There is no budget impact related to this report. Staff will provide a budget impact analysis of specific
Cash Proffer Policy revisions upon the Board's direction.
RECOMMENDATIONS:
The Board of Supervisors has requested that the Commission provide advice and recommendations on the
first three items contained in Attachment A. The Commission may provide that advice at this meeting or
direct staff to schedule additional meetings to discuss possible comments.
ATTACHMENTS:
A - Committee Memo to BOS and PC re: FIAC Cash Proffer Policy
B - Staff Recommendations re: Cash Proffer Policy Changes
C - Staff Memo to BOS and PC re: Recalculated Cash Proffer Amounts
D - FY 15 Q3 Cash Proffer Report