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Home My WebLink About2008 10 13 Regular 600 Impact Fee Analysis Report by Land Design Innovations, Inc. COMMISSION AGENDA ITEM 600 Consent Informational Public Hearing Regular X October] 3, 2008 Regu]ar Meeting (~//Y Mgr. / Dept. Authorization REQUEST: Public Works requesting the City Commission consider the Impact Fee Analysis Report for Police, Fire, Public Buildings and Parks & Recreation updated August 2008 by Land Design Innovations, Inc. PURPOSE: This agenda item is needed to review the impact fees for the Fire, Parks, Police and Public Buildings to ensure the growth projections meet the capital needs and to provide Police and Fire impact fee credit calculations for 2008-20]3. CONSIDERATIONS: This impact fee study was undertaken by Land Design Innovations, Inc. (LDI) with the primary goals being to evaluate the current impact fees and compare that revenue to capital needs, and to also update the impact fee credits for future years. LDI had prepared the original study in 2002 and also the update in 2005. As detailed in the attached 20087 update, the current impact fees for Police, Fire, and Public Buildings are sufficient to cover the current capital needs and no change is recommended. The exception is Parks, which has several projects in their optimistic capital program that will require millions in general fund contributions or some other outside funding source. The Commission should consider the viability of these projects in deciding whether to alter to current Parks Impact Fee. Buildout projections were generated by Community Development and Public Works staff on a parcel by parcel basis which is included in the report. These projections are generally conservative and were based on future land uses, densities and floor area ratios. The remaining buildout is projected at 3,118 residential units and 2,995,638 square feet of non-residential development. October 13, 2008 Regular Agenda Item 600 Page 2 Although some impact fee funds (Police/Public Buildings - page 8) appear they will have excess funds based on these buildout projections, there could be significant variability in these long term projections as recently seen in the changes in the real estate market. A review and refinement of these projections every three years would be prudent before changing the impact fee rates. Current Impact Fee Police Residential $150.00 Non-Residential $0.200/sQ. ft. * Fire Residential $700.00 Non-Residential $1.300/sq. ft. * Parks Residential $1,200.00 Non-Residential NIA Public Buildinl!:s Residential $400.00 N on- Residential $925 II K SQ. ft. * - does not include credit RECOMMENDATION: It is recommended that no changes to the current impact fees be made and that the City Commission direct staff to return with an ordinance updating the Police and Fire credits for 2008-2013 as outlined in the study. ATTACHMENTS: 1. Impact Fees Analysis Report for Fire, Police, Public Buildings and Parks & Recreation updated August 2008 by Land Design Innovation, Inc. IMPLEMENTATION: The ordinance updating the Fire and Police credits will be brought forward for Commission consideration at the next scheduled meeting. COMMISSION ACTION: 0 • U !A incorporated • 1959 i ,} � , 6 WINreq �. tt ST ems L 1111110# Impact Fees Analysis Report for Fire Police Public Building 81 Parks and Recreation August 2008 Prepared For: City of Winter Springs Community Development Department 1126 E. State Road 434 Winter Springs, Florida 32708 -2799 Prepared By: LAND DESIGN INNOVATIONS I I Inc nporatcd 1110 North Orlando Avenue Suite 295 Winter Park. Florida 32789 Phone: 907- 975 -1273 Fax: 907- 975 -1278 CITY OF WINTER SPRINGS Impact Fee Assessment TABLE OF CONTENTS I. INTRODUCTION.... ..... ............... ............. ............... ................ ...... .................. ................. 1 II. IMPACT FEES COLLECTED 2003 TO 2007 ................................................................... 2 III.FUTURE DEVELOPMENT SCENARIO ........................................................................ 4 1. Anticipated Itnpact Fees Revenue ................................................................................ 4 2. Totalltnpact Fce Revenue, 2003-2030........................................................................... 5 IV. CAPITAL IMPROVEMENT PLANS................................................................................ 6 1. Fire/EMS ..... ................. ..... ..... ......................... .... ..... ....... ........... ..... .... ............. ............. 6 2. Police. ......... ............... .................. ..... .................. .......... ............ ...... ........ ........... ............. 6 3. Parks ................. ............... ................... ...................... ...... ............ ................... .... ............ 7 4. Public Buildings. ..... ............ .................... ...... ................ ........... ......... ..... ..... .... ...... ........7 V . FINDINGS.... ......... ............. ........ ...... ..................... .... .................. ........ ................ ..... .......... 8 1. Impact Fee Revenue from 2003-2030 and Capital Improvement Costs ........................ 8 2. Recotntnendations ... ........... ...... ................. ...... ....................... ...... ............ ..... ....... ......... 8 VI. DETERMINATION OF APPROPRIATE FUTURE CREDITS ....................................9 1. Fire/Rescue Credit. .................. ...... ....... ..... ....... .......... ...... ................ ............. ..... ........ 10 a. CIP Financed through Bonds: ............................................................................... 10 b. Percentage of Bond................ ................ ............ ........... ........... ................. ............. 10 c. Amount Applied to Retire Fire CIP Portion of Bond............................................ 10 d. Present Day Credit ................................................................................................. 10 2. Police Credit... ...... ...... ........ ..... ...... ........ .... ....... .... ....... ..... ..................... ........ ..... .......... 12 a. CIP Financed through Bonds ................................................................................ 12 b. Percentage of Bond......... ............. .................. .......... ........ ......... .................... ......... 12 c. Amount Applied to Retire Police CIP Portion of Bond ........................................ 12 d. Present Day Credit ................................................................................................. 12 3. Public Buildings Credit ............................................................................................... 13 a. CIP Financed through Bonds ................................................................................ 13 b. Percentage of Bond.. ..... ...... ..... ............................. ...... ............ .............. .......... ....... 13 c. Amount Applied to Retire Public Building CIP Portion of Bond......................... 13 d. Present Day Credit ................................................................................................. 13 4. Parks and Recreation Credit........................................................................................ 14 CITY OF WINTER SPRINGS Impact Fee Assessment a. CIP Financcd through Bonds ................................................................................ 14 b. Percentage of Bond................................................................................................ 14 c. Amount Applied to Retire Park CIP Portion of Bond ........................................... 14 d. Present Day Credit ................................................................................................. 14 VII. APPENDIX A..... ..................... .................................................. ......... ......... ............ .... 16 CITY OF WINTER SPRINGS Impact Fee Assessment I. INTRODUCTION The purpose of this assessment is to e\-aluate the City of \\linter Springs impact fee schedules for Police, Fire/EJ\IS, Public Buildings and the Parks and Recreation Department, in order to determine the availability of the associated impact fee revenues from these schedules to accomlTlOdate identified capital improvement projects. Tills report has three (3) components. The first component is an evaluation of the current ilnpact fees schedules and the availability of projected impact fee revemles to pay for the anticipated capital improvement projects. This component includes a re-iew of the impact fee revenue collected to date for Fire/El\!S, Police, Public Buildings and Parks and Recreation Deparunents, the anticipated impact fee revenue that may be collected through the continued development of the Cit)' for each of the impact fee categories, and a review of the proposed capital projects from each of the departments. The second component of the report contains findings and reconunendations based on the findings of the evaluation. These address the ability of the current City's impact fees schedule (Ordinance 2005-30) to accommodate the costs associated with the proposed Capital Improvements Plans. The third component of the report is an update of the impact fee credits associated with each of the e\-aluated impact fee schedules for future years. Tlus component is in accordance with Section 2, i\rtide VIII, Sec. 9-391.5, Payment of Fees, which requires a recalculation of impact fee credits after 2007. Each of the City programs listed above han~ utilized the proceedings from past bond issuances to fund various capital projects. The associated debt and fmancial obligation for these bonds, as realized by the taxpayers of \V'inter Springs, is credited against any of the City's impact fees in order to elinunate double charging City residents for bond-funded capital projects. Impact fee credits, based on public debt funding for capital improvements, have been updated for each of the current ilnpact fees for the years 2008-2013. 1 CITY OF WINTER SPRINGS Impact Fee Assessment II. IMPACT FEES COLLECTED 2003 TO 2007 The City of \V'inter Springs receiyed 52,417,778 in total impact fee reyenues bef\veen 2003 and 2007. The following tables show the total impact fee re\-enue collected for ftre/EMS, police, and parks and recreation services as well as public buildings. The impact fee reyenues shown below were adjusted to address any transfers and expenditures affecting each of the impact fee funds. The resulting balance shows the impact fee lTvenue, by fund that is currently ayailablc for capital projects. Table 1: Fire Impact Fees Revenue Collected Transfers/ Fund Year Revenues Ad.ustments Expenditures Balance Beginning - 5376,060 2003 550,804 - 5(40,372) 510,432 5386,492 2004 594,012 - 5(11,056) 582,956 5469,448 2005 549,147 - 5(59,699) 5(10,552) 5458,896 2006 5351,280 5(28,401 ) 5(25,217) 5297,662 5756,558 2007 5187,940 5(9,723) 5(2,501) 5175,716 $932,274 Total 5733,183 5(38,124) 5(138,834) 5556,214 Source: (,ny (It \X lllkr ~rnng', j"llUIlC<..' !)q';Ulllh:lH, 211i1H; 1.;lIld Dblgn Imlo\":l.Hum, IIK_, 1~li.H Table 2: Police Impact Fees Revenue Collected Transfers/ Fund Year Revenues Ad.ustments Ex enditures Net Chan e Balance Beginning - 5246,346 2003 569,739 - 5(16,461) 553,278 5299,624 2004 549,512 587,353 5(397,523) 5(260,658) 538,966 2005 522,198 5(22,042) 5(18,464) 5(18,308) 520,658 2006 5151,734 5(83,178) 5(3,459) 565,097 585,755 2007 571,250 - - 571,250 $157,005 Total 5364,433 5(17 ,867) 5(435,907) 5(89,341) Source: Llty 01 \\ 11llCr ~plll1g" hn.lllCC DCP:Ulllll:llt, 211dH; Lllld lk~I,i;ll IlIlHW.\lIOlb,lnc, .21)(11{ Table 3: Public Buildings Impact Fees Revenue Collected Transfers/ Fund Year Revenues Adjustments Expenditures Net Chan e Balance I Bel!inning - - 2003 - - - - . - 2004 534,497 - - 534,497 534,497 2005 525,188 5(26,320) - 5(1,132) 533,365 2006 5204,289 - 5(3,459) 5200,830 5234,195 2007 5110,245 - - 5110,245 $344,440 Total 5374,?19 5(26,320) 5(3,459) 5(344,440) Sourc,,: (.11;" ~lt \X mtl"r :->prnlt;', I-1I\:lllCl' Dl'P:UITllellt, 21h1H; I.:lnd J)c,,'gll InIH)\"allllll". Inc., 211ilH 2 CITY OF WINTER SPRINGS Impact Fee Assessment Table 4: Parks Impact Fees Revenue Collected Transfers/ Fund Year Revenues Ad'ustments Ex cnditures Net Chan e Balance Be2:inning - 2003 557,993 - 5(208,823) 5050,830) 5050,830) 2004 5194,101 5174,718 5(4,638) 5364,181 5213,351 2005 5151,204 5(44,063) 5(47,150) 559,991 5273,342 2006 5384,764 5(176,938) 5007,649) 5100,177 5373,519 2007 5157,881 5 (267,300) 5053,049) 5(262,468) $111,051 Total 5945,943 5(313,583) 5(521,309) 5(111,051) Suurce: (,I{ Y 01 \\ UHa ~rnl1g~, hll:illCL" I ),'pMIIllCIlI, 2"1'~; 1.:lIld 1)L~lb'11 Inll' lY~HlOIl~. Inc., 21 Ii It{ Table 5: Summary Impact Fees Available - Fire, Police, Public Buildings and Parks Available Budget 5932,274 5157,005 Source: CiIY l.f\\-illfCr ~pring~, Fil1J.T1c<.: DLP;UUnL'llt, 2111)~; Ll.lld Dbi,t;l\ InnuYJ,lium, Inc, 2'1110 Fire Police Public Buildin Parks 5344,440 5111,051 3 CITY OF WINTER SPRINGS Impact Fee Assessment III. FUTURE DEVELOPMENT SCENARIO In order to identify the potential future impact fee re\'Cnue that may be ayailable to the City from future deyelopment, LDI identified the potential future deyelopment that may occur within the City and applied the appropriate impact fees to that future deyelopment scenario. Based of data provided by the City's ConU11Unity Development Department, LDI calculated a build-out scenario of vacant properties within the City. Tlus scenario shows development anticipated to occur through the year 2030, based on plans filed with the City, discussions held with property owners and developers, and the holding capacity of the land. To calculate the vacant land holding capacity, 1.1)1 used the land's future land use designation and applicable land de\-elopment regulations. The anticipated de\-elopment described in the build-out scenario (See Appendix A) is grouped by its location and use. This build-out scenario does not include properties that may have been annexed into the Citr after i\Iarch 18, 2008. Tilble 6 shows the summarized future development build-out scenario. Table 6: Remaining Build-Out Development Summary as of March 18, 2008. Land Use Units Gross S uarc Feet Single ramily 729 - J\lulti ramily 2,389 - Office - 2,152,060 Commercial - 824,578 Industrial - 19,000 Public - 115,886 Total Residential Units 3,118 Total Non-Residential Gross Square Feet 2,995,638 Source: City o(\\-im.:f 5rring~. C01l\ll\un;ry lkn-lllpmulI DL'['l.1nmUH, 2nli~ 1. Anticipated Impact Fees Revenue This section details the estimated impact fee revenue based on the build-out scenario described previously and dIe City's current impact fee schedules (Ordinance 2005-30). Table 7 shows dIe impact fee rates currently charged for the various categories. The rates are charged per dwelling Ulut for residential deyelopment and per square foot for non-residential development. Table 7: Current Impact Fees Rates (Ord. 2005-30) The following table, Table 8, presents the estimated impact fee revenue to be generated by the development described in the build-out scenario. 4 CITY OF WINTER SPRINGS Impact Fee Assessment Table 8: Anticipated Impact Fcc Revenue, 2008-2030 Land Use Build Out Fire Parks Summary Impact Fee Impact Fce Residential 3,118 Units 52,182,600 51,108,729 51,247,200 53,7 41,600 N 011- Residential 2,995,638 53,894,329 51,473,853 52,770,965 - Square l-ect Sub- Totul.. 56,076,929 52,582,584 54,018,165 53,741,600 Source: City of\'"inll:r Srring~, (:llmlHlllllty Ul'n."il1plllt.:1H \)t:p:lrtfllUlI, 2IHfI:\; J .:mJ DC5ign lilIlll\';\IifoIl5, Inc_. ::'.,).Ht 2. Total Impact Fee Revenue, 2003-2030 The total estimated impact fecs reyenues that may be ayailablc for capital projccts is calculatcd by adding the available balances of the historic rC\Tenue collected from 2003 to 2007 and the estimated unpact fees reyenue that may be generated from the build-out scenario (2008-2030). Table 9: Total Impact Fee Revenue, 2003-2030 Revenue Generated Fire Public Building A nilable Historic Impact Fees collccted (2003 to 2007) 5932,274 5157,005 5344,440 $111,051 Build Out Impact Fees Re\Tcnue (2008 to2030 based 56,076,929 52,582,584 54,018,165 53,741,600 on 2007 rate) TotuJ Reve1lue 57,009,203 52,739,589 54,362,605 53,852,651 - -- Source: City "i\\"illler Sprin!-,>;i, Cmnnmnity Dl,\'c!nplllt:1H Dq)~H!lm-nt, 211HK; l.:111d D(:~i.L,"l Inl1o\".1tlOll~. Itlc., lOilt( 5 CITY OF WINTER SPRINGS Impact Fee Assessment IV. CAPITAL IMPROVEMENT PLANS This section addresscs the Capital Improvemcnt Plans for Fire, Police, Park and Recreation, and Public Buildings in order to determine if impact fec revenuc alone will be sufficient to accommodate thc proposed Capital Improvemcnt Plans. The following Capital Improvemcnt Plan information was provided by City stafe. The period addrcssed by tlus Capital Improvcments schedule is FY 2005-2010. 1. Fire/EMS The City of Wintcr Springs Fire Dcpartmcnt identified 53,600,000 in capital imprm'ement items. Thesc included the acquisition of propcrty and construction of a new station, new vehiclcs, and cquipmcnt replaccment to accommodatc additional dcmand for selTiccs brought on by new dcvelopmcnt. Table 10: Fire/EMS Capital Improvement Schedule FY 2005-2010 Fire Station 52,500,000 Tower Truck 5750,000 Training Facility 5350,000 Total Capital Improvement Cost $3,600,000 Source: eit\' "t\'-imct Sprlng~, 2110H 2. Police Thc City of Winter Springs Policc Department has idcntified 5630,000 in capital improvements items. These include ncw vehicles, facilities and building expansions, and upgrades of communications elluipment to accommodate additional demand for scrvices brought on by new dcvelopmcnt. Table 11: Police Capital Improvement Schedule I I FY 2005-2010 Velucle Cameras Rccords/Communication E Total Capital 1m Jrovcment Cost 5485,000 545,000 555,000 545,000 $630,000 Source: Ci[y ()(\'-mtn ~rrillg~, 2il(lH. I City of Winter Springs, 2008. 6 CITY OF WINTER SPRINGS Impact Fee Assessment 3. Parks The City of Winter Springs Parks and Recreations Deparunent identified 54,560,000 in capital improvement items. These include the acquisition of property, construction and expansion of parks, and new park equipment to acconullodate additional demand for sen'ices brought on by new de\-c!opment. Table 12: Parks and Recreation Capital Improvement Schedule Items Central Winds Park Expansion (Restroom & \Xlalkway) 5200K FRD.'\P Grant 5300,000 i\thletic Center at C\'\1P (55.4j\1 X 20%) 51,700,000 Trotwood Park (5400K X 20%) 580,000 Magnolia Park 5930,000 Neighborhood Conununity Center - Torasco Park (521\1 X 20%) 5400,000 Town Center Civic Center (55l\1 X 20%) 51,000,000 Capital Equipment 5150,000 Total Capital Improvement Cost $4,560,000 I I Source: CIty of \\ mtcr Spflllg:<, ~lli IH 4. Public Buildings The City of Winter Springs Public Works Deparunent identified 52,924,000 in capital improvement items. These items include the expansion of City Hall, construction of a Public \\1 orks facility and other capital facilities projects to accommodate additional demand for sen-ices brought on by new development. Table 13: Public Building Capital Improvement Schedule Items City Hall Expansion Phase 1 5900,000 City Hall Expansion Phase 2 5900,000 Public Works Complex 5600,000 Other 5524,000 Total Capital Improvement Cost $2,924,000 I I Source: City <Ji\\'intt'r 5prillg.;;, 21J1IR 7 CITY OF WINTER SPRINGS Impact Fee Assessment V. FINDINGS 1. Impact Fee Revenue from 2003 -2030 and Capital Improvement Costs Based on the information presented in the Capital Improvements schedules for the period 2005 -2010 and the estimated impact fee revenue from the current (2007) impact fee schedule and the anticipated remaining build -out scenario, impact fees will be sufficient, as a sole source of funding, for the capital items identified by the Fire /EMS Department, Police Department, and the Public Works Department. However, the impact fees for the Parks and Recreation Department will not be sufficient as the sole source of funding for the capital projects identified for that department. Note, the below reconciliation includes only capital items identified through 2010 periods. The following table details, by department, the estimated shortfall in available impact fee revenue to be generated from the build -out scenario relative to anticipated capital costs. Table 14: Capital Costs Vs. Impact Fee Revenue 2003 -2030 Reconciliation Impact Fee Revenue Fire Police Public Building Parks Total Revenue Generated (Build -out + Historic) $7,009,203 $2,739,589 S4,362,605 S3,852,651 Capital Cost (S3,600,000) ($630,000) (S2.9 ' l )( (S4,560,000) Shortfall /Overage $3,409,203 $2,109,589 $1,438,605 ($707,349) Source: Land Design Innovations, Inc., 2008; City of Winter Springs, 2008. 2. Recommendations Based on the findings presented above the, City has several options regarding the anticipated shortfall of using impact fee revenue as the sole funding source for capital improvement projects for Parks and Recreational services. These options include: • Identification of additional funding sources for capital improvement projects to address the identified shortfall. These funding sources may include the City's General Fund, special assessments, user fees, grants or philanthropic donations. • Revision of the Parks and Recreation Department's Capital Improvements schedule to accommodate revenue availability. 8 CITY OF WINTER SPRINGS Impact Fee Assessment VI. DETERMINATION OF APPROPRIATE FUTURE CREDITS The impact fee credits for the e\-aluated impact fee schedules require updating after 2007, as per Section 2, i\Hide VIll, Sec. 9-.)91.5, Payment of Fees, of City of Winter Spring Ordinance 2005-30. Each of the City programs evaluated in this report ha\-e utilized the proceedings from past bond issuances to fund various capital projects. The associated debt and fmancial obligation for these bonds, as realized by the taxpayers of \\linter Springs, is credited against any of the Cit(s impact fees in order to eliminate double charging City residents and property owners for bond-funded capital projects. Impact fee credits, based on public debt funding for capital impro\-ements, have been updated for years 2008 through 2013. According to the records of the City of Winter Springs Finance Department, a total of 520,173,724.00 in bonds has been issued by the City. Portions of these bonds were devoted to capital imprO\-ement projects for the provision of police, ftre/ rescue, parks and recreations sen-ices and public buildings. i\ breakdown of the bond amounts and other bond related information is detailed in the table below: Table 15: City Bond Issuances Bond I Bond I Maturity I Paid By Atnount Date '99 Bond 57,998,970 2030 PST /fF2 '02 Bond 53,400,000 2031 VDS1 'm Bond 58,774,754 2019 PST/Ff Source; City O[\\"lJ\!I..r Spnng. hl1~Il((' DqUrIIlll'lH. \I.ly 211tlX Records from the City of Winter Springs indicate that the m-erage assessed PST/FF per customer has increased e\Tr)' year from 1997 to 2007 with a maximum m-erage assessment of 5_)54.00 per customer in 2007~. The percentage of the PST /FF assessment de\-oted to retiring the '99 and '03 bonds is 50% or 5177.00. The remaining 50% of these fees is allocated to the City's general fund. Half of the 5177.00 (588.50) from PST/FF is split and devoted to retiring the '99 and '03 bonds. The following calculations describe the dollar amount of the PST/FF de,-oted to retiring that portion of each bond related to capital improvement projects. 2 PST/FF: Public Serviee Taxes/Franchise Fees 1 VDS: Voter Debt Service (0.1002 millage rate applied to property value) ~ Source: City of Winter Springs, Final Budget, 2008 9 CITY OF WINTER SPRINGS Impact Fee Assessment 1. Fire/Rescue Credit a. CIP Financed through Bonds: Of the entire bond amounts, only a portion was devoted to financing capital improvement projects related to Fire/Rescue facilities. The amounts below identih' the dollar amount from each bond devoted to [<ire/Rescue capital projects. ItelllS financed with these funds included the purchase of land and the construction of a new fire station on the aforementioned property. '99 Bond S130,125.00 S343,569.00 $473.694.005 '03 Bond Total: b. Percentage of Bond Percentage of '99 Bond: Percentage of '03 Bond: S130,125/S7,998,970 S343,569/S8,774,754 1.63'Yo 3.92% c. Amount Applied to Retire Fire CIP Portion of Bond '99 Bond: S88.50 x 1.63% S1.44 '03 Bond: d. Present Day Credit The dollar amount determined in section (c) abmce is collected oyer the life of the bond. Therefore, the smll of these payments represents the credit due toward the payment of impact fees. Payments receiyed :in the future have a lower dollar amount in the present. The difference be1\veen the future and present value is interest. Therefore, the present value of a series of payments over a number of years must be calculated to determine the actual credit to the impact fee. For the purposes of calculating the present day value, an interest rate of 7% is assumed. The following 1\YO tables identify the credits due for both residential and non-residential impact fee payments be1\veen 2009 and 2013 to offset the fees assessed to retire the '99 and '03 bonds. S88.50 x 3.92% S3.47 5 Source: City of Winter Springs, Finance Department, May 2008 10 CITY OF WINTER SPRINGS Impact Fee Assessment Table 16: Present Day Credit Fire/Rescue Selvices-1999 Bond 1999 BOND Ikgi~~~ 2008 11.06124 515.92 2009 10.83553 515.60 2010 10.59401 515.25 2011 10.33560 514.88 2012 10.05909 514.48 2013 9.76322 514.06 Crtdit~ have been dctc:nnineu through ~OL\. _-\ rcas:,C::,~mcnr offhL' impact fee :-;hould be pf(}\'idl'd prior to 2013. Table 17: Present Day Credit Fire/Rescue SelVices-2003 Bond 2003 BOND 2008 7.49867 I 525.98 2009 7.02358 524.34 2010 6.51523 522.58 2011 5.97130 520.69 2012 5.38929 518.67 2013 4.76654 516.52 . Credits ha\'(~ been dctcrmillcu through 201.3. .\ rea:-;SCSSIlH.:11t of the impact fee :,hould be provided prior to 2013. 11 CITY OF WINTER SPRINGS Impact Fee Assessment 2. Police Credit a. ClP Financed through Bonds Of the three bond issuances, only a portion of the 2003 bond was devoted to financing capital improvement projects related to Police facilities. The amounts below identify the dollar amount from each bond devoted to Police capital projects. Items financed with these funds included the City's Police Station Complex. '03 Bond Total: S2,521,382.98 $2.521.382.986 b. Percentage of Bond Percentage of '03 Bond: S2,521,382.98/S8,774,754 = 28.73% c. Amount Applied to Retire Police ClP Portion of Bond '03 Bond: d. Present Day Credit The dollar amount determined in section (c) above is collected m"er the life of the bond. Therefore, the sum of these payments represents the credit due toward the payment of impact fees. Payments received in the fuune have a lower dollar a1nount in the present. The difference between the fUl1lre and present value is interest. Therefore, the present value of a series of paytnents Q\'er a number of years must be calculated to determine the aCl1lal credit to the impact fee. POl' the purposes of calculating the present day value, an interest rate of 7% is assumed. The following are the credits due for both residential and non-residential impact fee payments between 2009 and 2013 to offset the fees assessed to retire the '0.1 bond. S88.50 x 28.73% S25.43 Table 18: Present Day Credit Police - 2003 Bond 2003 BOND 2008 7.49867 S190.69 2009 7.02358 S178.61 2010 6.51523 S 165.68 2011 5.97130 SI51.85 2012 5.38929 S137.05 2013 4.76654 S121.21 . Credit::' have been determined through 2013. . \ rl'J::;:,e::;::;l11cllt uf the impact fee ::;hould be pro\'ided prior to 2013. 6 Source: City of Winter Springs, Finance Department, May 2008 12 CITY OF WINTER SPRINGS Impact Fee Assessment 3. Public Buildings Credit a. CIP Financed through Bonds Of the three bond issuances, only a portion of the 1999 bond was deyoted to financing capital improyement projects related to Public Buildings. The amounts below identif\' the dollar amount from the bond devoted to Public Building capital projects. Items financed with these funds include the City Hall facility. '99 Bond 51,467,011.00 $1.467.011.007 Total: b. Percentage of Bond Percentage of '99 Bond: 51,467 ,Ollf57,998,970 = 18.34% c. Amount Applied to Retire Public Building CIP Portion of Bond '99 Bond: 588.50 x 18.34% 516.23 d. Present Day Credit The dollar amount determined in section (c) abon~ is collected over the life of the bond. Therefore, the sum of these payments represents the credit due toward the payment of impact fees. Payments received in the future have a lower dollar amount in the present. The difference between the future and present value is interest. Therefore, the present value of a series of payments over a number of years lnust be calculated to determine the actual credit to the impact fee. For the purposes of calculating the present day ,-alue, an interest rate of 7% is assumed. The following are the credits due for both residential and non-residential impact fee paytnents between 2009 and 2013 to offset the fees assessed to retire the '99 boneL Table 19: Present Day Credit Public Buildings-1999 Bond 1999 BOND . 2008 11.06124 5179.53 2009 10.83553 5175.87 2010 10.59401 5171.95 2011 10.33560 5167.76 2012 10.05909 5163.27 2013 9.76322 5158.47 (:rl"llit~ lu\'c IJlTI1 determined through ~O 13. . \ lTa~;.;c~~mcllt of the impact fee :,houlJ be provided prior to 2013. 7 Source: City of Winter Springs, Finance DcpaI1ment, May 2008 13 CITY OF WINTER SPRINGS Impact Fee Assessment 4. Parks and Recreation Credit a. CIP Financed throug'h Bonds Of the entire bond amounts, only a portion was dc,"oted to fInancing capital improyement projects related to Parks and Recreation facilities. The amounts below identify thc dollar amount from each bond deyoted to Parks and Recreation capital projects. '99 Bond Total: 55,630,348.00 $5.630.348.00 b. Percentage of Bond Percentage of '99 Bond: 55,630,348/57,998,970 = 70.39% c. Amount Applied to Retire Park CIP Portion of Bond '99 Bond: 588.50 x 70.39% 562.29 d. Present Day Credit The dollar amount determined in section (c) abm"e is collected oyer the life ~f the bond. Therefore, the sum of these payments represents the credit due toward the payment of impact fees. Payments receiyed in the future ha,-e a lower dollar amount in the present. The difference between the future and present yalue is interest. Therefore, the present yalue of a series of payments oyer a number of years must be calculated to determine the actual credit to the impact fee. For the purposes of calculating the present day ,"alue, an interest rate of 7% is assumed. The following are the credits due for residential impact fee payments between 2009 and 2013 to offset the fees assessed to retire the '99 bonel. Table 20: Present Day Credit Parks and Recreation Services-1999 Bond 1999 BOND Beginning Payment Present Day Factor Total Credit Year 2008 11.06124 5689.05 2009 10.83553 5674.99 2010 10.59401 5659.94 2011 10.33560 5643.84 2012 10.05909 5626.62 2013 9.76322 5608.19 . Credit:' haye been determined through :J.O 1,'\. _ \ rea:,~e~~lllent of the impact fct..' ~h()1I1d be pro,"idcd prior to 2013. 14 CITY OF WINTER SPRINGS Impact Fee Assessment In addition to the '99 bond, 100% of the 2002 bond, an amount of 53,400,000, was entirely deyoted to capital imprm-ement projects for Parks and Recreation facilitics. This bond is being rellied through a 0.1022 millage ratc assesscd on propcrt)" nlucs. ,\s such, paymcnts madc oycr the lifc of the bond on an indiyidual propcrty ,'alue basis must bc summcd and modificd to reprcscnt present day yaluc and reimbursed as an additional crcdit to that listed in thc table aboyc. The prescnt day yaluc of thc sum of payments oycr the life of thc bond is cqual to the dollar amount of the current annual paymcnt multiplied by the appropriate Prcscnt Day Valuc Factor. Tlus crcdit and associated impact fee arc only applicable to residcntial deyclopment. 15 CITY OF WINTER SPRINGS Impact Fee Assessment VII. APPENDIX A Planned development, Programmed development and Vacant Parcel Build-out estimates 16 BUILD.OUT as revised 2008-03-18 Plat TZ Developments Acres Single MuUI- Office Comm Indust! Public TZ ~ Date Family Family 71 Schrimsher Conservation per FLUM (outside of Town Ctr) 109.56 71 71 Schrimsher Commercial oer FLUM (northside of SR 434 out 7.60 71 71 ICI Condos/Office (SR 434) (Vacant MU\ 38.72 360 25000 25000 71 71 Vacant GID (Cascell) 112.14 977.000 71 71 Vacant GID (Morse-Genius) 43.45 378.500 71 71 Vacant GID(Plank-Lono) 6.25 30000 71 71 Gonzalez Office Bldo 3.56 6000 28000 71 2005 71 Barclav Reserve Townhomes 7.40 71 71 Mann Prooertv 1.76 15000 71 2006 71 Don Kina Concrete Office (Expansion) 2.49 71 1967 71 Don Kino Concrete Office (converted residence) 71 2003 71 Barrinoton Estates 44.00 71 71 Toledo Prooerty 2.64 15000 71 2004 71 Eaole Bav Wood Products 1.60 71 71 Nextel Communication Tower 0.23 71 71 Vacant A3 Rook 3.59 3 71 71 Vacant A3 Weaver 21.16 20 71 2007 71 SJRWMD 34.93 71 23 360 1416500 83000 0 0 72 Vacant Citv 1.43 8000 72 2006 72 Colonial Bank (Kash n' Karrv Out Parcell 1.20 72 2002 72 Cross Seminole Trail (oulside of Town Center) 16.60 72 1999 72 Kash n' KarrvCenter (SR 434) 8.78 72 2006 72 Seminole Trails Animal Hosoilal (Kash n' Karrv Office) 0.603 72 72 Seminole Trails Animal Hospital Vacant site 1.07 8100 72 1999 72 Hess StationlSR 434) 1.40 72 72 Vistawilla Office (SR 434) Phase 2 4.59 39900 1100 72 2006 72 Vistawilla Office (SR 434) Phase 1 4.59 72 1982 72 Bear Creek Estates 74.00 72 1989 72 Carrinoton Woods Unit 1 & 2 39.00 72 1999 72 Courtnev Sorinos Aoartments 24.09 72 1997 72 Creeks Run 18.86 72 1995.9 72 Eaoles Watch Ph 1 & 2 35.04 72 1995.9 72 Howell Creek Reserve Ph 1, 2 & 3 70.38 72 1982 72 Tuscawilla Unit 11 34.92 72 1982 72 Tuscawilla Unit 11A 34.09 72 1982 72 Tuscawilla Unit 11 B 40.28 72 1985 72 Tuscawilla Unil14A 108.16 72 1987 72 Tuscawilla Unil14B 69.58 72 0 0 48000 1100 0 8000 2007 73 Jella Point Park Vacant 37.08 73 2002 73 Cross Seminole Trail (outside of Town Center) 6.81 73 73 Vacant GID (Strann) formerlv Eastoointe 3.56 78500 73 73 GID (Canero) 0.60 73 0 0 78500 0 0 0 1994-9 74 Chestnut Estates Ph I & II (Tus 14C) 17.55 74 1987 74 Tuscawilla Unit 14B 63.49 74 0 0 0 0 0 0 17 BUILD-OUT as revised 2008-03-18 Plat TZ Developments Acres Single Multi- Office Comm Indust! Public TZ - Date Family Family 82 Oviedo MarketPlace Conservation 34.40 82 82 Oviedo MarketPlace (Vacant MU) 11.24 78 82 2008 82 Inwood Office Blan 3.86 15000 82 1996 82 Arrowhead Unit 1 1I0ts 13-19\ 5.34 82 1991 82 Bentlev Club 16.00 82 1989 82 Bentlev Green 7.71 82 1987 82 Braewick Townhomes 11.30 82 92.93. 82 Chelsea Parc at Tuscawilla 5.10 82 1993 82 Chestnut Ridae 18.50 82 1992 82 Davenoort Glen 29.57 82 980.8 82 Fairwav Oaks 19.84 82 995.9 82 Fox Glen at Chelsea Parc 28.79 82 988.9 82 Glen Eaale Units 1, 2, 3 & 4 112.04 82 985.8 82 Greenbriar Ph 1 & 2 31.33 82 1979 82 Tucscawilla Unit 7 (lots 4-79) 51.00 82 1982.8 82 Tucawilla Unil12 & 12 A 88.40 1 82 1983 82 Tuscawilla Unil13 27.00 82 1 78 15000 0 0 0 83 Tuscawilla Plaza (Kross Medel Ctr) 83 83 LaPetile Academv- 1987 83 83 Seven-Eleven IWS Blvd) 83 1974 83 Tuscanv Restaurant 1.41 83 2006 83 Tuscawilla Sauare 1.41 83 83 Tuscawilla Park 3.46 83 83 SI. Steohens Catholic Church (5 bides) 83 83 Southern Bell 83 83 Winter Sorinas Fire House 83 83 Tuscawilla CountrY Club Remodel & Exoansion 209.90 83 83 Tuscawilla CountrY Club (6 bldas) 209.90 83 2008 83 Vertex Communication Tower 0.08 83 1996 83 Arrowhead Unit filots 1-12) 9.15 83 1996 83 Arrowhead Unit 2 16.83 83 78.80, 83 CountrY Club Villaoe 1, 2 & 3 53.01 1 83 1994 83 Tusca Oaks 32.75 83 2009 83 Tuscawilla Greens 7.54 60 83 1990 83 Tuscawilla Parcel 90 (Arbor Glen) 13.52 83 1978 83 Tuscawilla Unil 6 48.00 83 1979 83 Tuscawilla Unit 7 (lots 1, 2 & 3) 1.94 83 1977 83 Wedaewood Units 1, 2 & 3 23.04 83 1998 83 Wicklow Greens 28.30 83 1971 83 Winter Sorinos Unil 2 lIots 29-94) 84.00 83 1972 83 Winter Snrinns Unit 3110ts 95-204) 245.00 83 1972 83 Winter Snrinns Unit 4(jots 225-603) 216 83 981.8 83 Woodstream & Reolat 27.11 83 1 60 0 0 0 0 18 BUILD-OUT as revised 2008-03-18 Plat TZ Developments Acres Single Multi- Office Comm Industl Public TZ - Date Family Family 1990 84 Mobil Oil Service Station 1.02 84 84 TC VACANT (Schoen/Unicoro) 3.34 35700 84 84 TC VACANT (Schrimsher/Unicoro) 2.27 84 84 TC VACANT (Schrimsher\ so of SR 434 W of bridae 6.60 200 84 84 TC VACANT (Schrimsher) so of SR 434 E of bridae 7.67 84 84 VACANT Tuscawilla PUO 7Plante) 97.61 205 84 1974 84 Church 5.27 84 84 Neiohborhood S~uare #6 0.45 84 2004 84 Cross Seminole Trail (Enclaves & TCtr) 10.68 84 2002 84 Cross Seminole Trail (outside of Town Center) 5.76 84 84 Indian Trails Middle/Keeth Elem School 34.30 84 983,8 84 Casa Park Villas Ph 1 & 2 Townhomes 26.02 84 987.9 84 Georoetown Units 1. 2 & 3 42.03 1 84 92.94 84 The Reserve ailTuscawilla Ph 1, 1A &2 76.75 1 84 980.0 84 Tuscanv Place (condominiums) 14.12 45 84 1990 84 Tuscawilla Parcel 90 (Arbor Glen) 8.81 84 1979 84 Tuscawilla Unit 8 56.00 84 79.80. 84 Tuscawilla Unit 9, 9A & 98 98.48 84 1980 84 Wedaewood Tennis Villas 51.25 84 207 245 0 35700 0 0 1994 85 McOonalds 0.84 85 1998 85 SI. Johns Landino 20.54 85 2009 85 Wetland Park (Conservation) 22.33 85 85 Schrimsher Wetlands adito Enole/JOC (Conservation) 14.64 85 85 Schrimsher Conservation 74.25 85 85 Schrimsher Conservation oer FLUM (outside of Town Ctf) 81.02 85 85 Maanolia Souare 0.64 85 85 Maanolia S~uare Addition? 0.40 85 2009 85 Sonesta Ptltownhm & SF) Enole (Vacant TC) 38.33 110 110 85 2009 85 Neiahborhood Sauare 2 0.45 85 2009 85 Neiahborhood Sauare 3 0.44 85 85 Lake Trail Park 0.00 85 2009 85 Grande Park (formerlv Neinhborhood Sn 2 & 3 and Lake Tra 0.78 85 85 JOC Ph 2a (Vacant TC ) 7.75 312 33240 85 85 JOC Ph 2b (Vacant TC T 36.68 465 465000 349760 85 85 Neiohborhood Sauare 4 0.42 85 85 Neiahborhood Souare 5 0.44 85 85 Cross Seminole Trail 7.36 85 85 Schrimsher Commercial ner FLUM (northside SR 434 outsid 6.30 85 85 Schrimsher Commercial ner FLUM (southside SR 434 olltsi 1.73 85 110 887 465000 383000 0 0 19 BUILD-OUT as revised 2008-03-18 Plat TZ Developments Acres Single Multi- Office Comm Industl Public TZ - Date Family Family 88 Seminole Co. Facililies Main!. 39.25 86 99.00. 86 Parks tone 133.00 86 2005 86 Landinas at Parkstone ltownhomes) 12.01 86 2004 86 Cross Seminole Trail (outside of Town Center) 10.81 86 2007 86 Reaions Bank(Parkstone) 1.73 86 2009 86 TC VACANT ISorinas LandlEurocaoital) 0.73 5000 86 86 TC VACANT (Paulucci) 1.37 86 86 TC VACANT Leerdam loreviouslv Lk Jesuo Shores TH\ 8.70 62 86 86 VACANT C-2 (Central Winds) 5.62 86 2004 86 Cross Seminole Trail lin Town Center) 1337 86 88 Central Winds Park 98.50 86 86 000 Park (/j) Centl Winds Park 2.50 86 1984 86 Bills Landscaninnn- avior Rental) 1.69 68 2004 88 Winter Sorinas Medical Ctr lOr. Courtney) 0.72 86 86 Water Reclamation Facilitv (ci) CenU Winds Pk 2.20 86 88 Southern Bell Station 0.21 86 1985 88 City Hall 5.29 5000 86 86 Fire Station # 28 2.00 10000 86 86 City Hall Cell Tower 0.06 86 19947 86 W.S. Hioh School 61.17 86 2005 86 Jesuo's Landinn(townhomes) 17.16 185 86 2008 86 Artesian Park (townhomes) 8.08 103 86 88 Oranae Av. Park 0.00 86 86 Esteves Residence- 1112 Oranae Av 3.33 86 86 Roberts Residence- 1120 Orange Av 4.88 86 86 Chari Residence- 1136 Oranae Av 2.24 86 86 Meier Residence- 1184 Orange Av 1.74 86 86 Estes Tuskawilla (OranaeAv & Privado) 3.13 86 86 TC VACANT Kazma 11268 Oranae Av.) 4.59 5 86 1998 86 Tuskawilla Trace 11.05 86 86 Neiahborhood Snuare #1 (Conservation) 1.64 86 86 Hickorv Grove Park (Conservation) 2.86 86 86 Blumbero- 141 Ooran Or.! Future Library 7.74 50 20000 42000 86 86 Blumbera Blvd. & Veterans Memorial 1.41 86 86 Market Sauare 0.24 86 86 Kinasburv- 150 Tuskawilla Rd 1.29 15 7800 86 2008 86 Grandeville Anartments IBlumbera) 4.78 160 86 2003 86 Wendy's Town Ctr Blda 15 (JOC Ph \l 0.56 86 2004 86 Town Center BldO 1 (JOC Ph I) 1.74 86 2005 86 Town Center Blda 2 IJOC Ph I) 0.90 86 2006 86 Town Center Blda 3 JOC Ph I) 0.54 86 2007 86 Town Center Blda 4 JOC Ph I) 0.89 86 86 Town Center Blda 5 JOC Ph \l 0.43 13500 86 86 Town Center Blda 6 JOC Ph I) 0.41 9000 86 86 Town Center Blda 7 IJOC Ph I) 0.30 12500 86 2002 86 Town Center Bldn SIJOC Ph I) 0.85 86 2002 86 Town Center Blda 9 IJOC Ph 1\ 0.56 86 2003 86 Town Center Blda 10 IJOC Ph I) WaMu 0.48 86 2003 86 Town Cenler Bld[)'ll JDC Ph I) 0.76 86 2002 86 Town Center Bldn 12 JOC Ph I) Publix 4.15 86 2002 86 Town Center Blda 13 JOC Ph 1\ 0.37 86 2002 86 Town Center Blda 14 JOC Ph I) 0.23 86 2006 86 Town Center Bldcl16'7JOC Ph I) 0.53 86 2006 86 Town Center Blda 17 (JOC Ph I) 0.89 86 293 287 0 67800 0 57000 20 BUILD-OUT as revised 2008-03-18 Plat TZ Developments Acres Single Multi. Office Gomm Indust! Public TZ - Date Family Family 2001 87 First Baotist Church (SR 434) 9A9 87 1959 87 North Orlando Ranches Sec. 9 87 1959 87 North Orlando Ranches Sec. 10 87 2005 87 Villaaaio ShoDoina Center Blda 0 I 87 2006 87 Villaaaio Shoooina Center Bldo C I 87 2005 87 VillaaQio ShoooinQ Center Restaurant I 87 2005 87 Villaooio Shoooina Center 9.19 87 2005 87 VillaQQia ShoPOinQ Center I 87 1998 87 Stone Gable 87 87 Vacant C-1 IStone Gable\ ISR 434) 1.26 3400 87 87 Vacant C-1 (Windina Hollow) (SR 434) 5.36 20 10000 87 1994-9 87 Windina Hollow 87 2003 87 Heritaoe Park Townhomes'ISR 434) 14.50 87 2008 87 HSP Office (Heritaae Pk Commercial) 1.68 24000 87 1990 87 Winter Sorinas Post Office ISR 434) 10AO 87 1982 87 Tuscawilla Trails ISem. Pines\ Mobile Homes 87 2003 87 Tuscawilla Trails Ph \I Mobile Homes 9.25 87 87 TC VACANT Tuscawilla Trails ISem. Pines) Entrance 1.44 25000 87 2007 87 West End Centre 2.34 24390 87 2007 87 West End Office (oublic) Plaza 0.35 87 2005 87 Jesuo's Reserve Itownhomes) 11.03 87 87 TC VACANT Ondick ProDertv ISR 434\ 9.92 100000 87 1982 87 fOndick) Pinch A Penny Pool SUDDlv 0.73 87 1980 87 Lake Jesuo Animal HoSDital 0.94 87 87 TC VACANT ILake JesuD Animal HosoitallGriffilh) 1.24 87 87 ArminQer- 1281 Natures Way Ihorsenrooertvl 2.02 87 2002 87 Averv Park 39Al 87 2005 87 Tuskawilla Office Park Lot 1 0.1256 87 2007 87 Tuskawilla Office Park Lot 2 & 3 0.2517 87 2004 87 Tuskawilla Office Park Lot 4 0.1157 87 2005 87 Tuskawilla Office Park Lot 5 0.1157 87 2004 87 Tuskawilla Office Park Lol 6 0.1157 87 2005 87 Tuskawilla Office Park Lot 7 0.1208 87 2005 87 Tuskawilla Office Park Lot 8 0.1307 87 2006 87 Tuskawilla Office Park Lat 9 0.1254 87 2006 87 Tuskawilla Office Park Lot 10 0.137 87 2004 87 T uskawilla Office Park Lot 11 0.1209 87 87 Tuskawilla Office Pk Conservatn Easemt 11.02 87 1985 87 Oak Forest Unil5 Ilots 468 to 561) 87 1986 87 Oak Forest Unit 6 (lots 562 to 715\ 87 1988 87 Oak Forest Unit 7 1716 to 808) 87 1989 87 Oak Forest Unit 8 (1015 809 to 940\ 87 1995 87 Grand Reserve 87 87 Rov ProDertv 14.00 1 87 1 20 49390 137400 0 0 21 BUILD-OUT as revised 2008-03-18 Plat TZ Developments Acres Single Multi- Office Comm Industl Public TZ f--- Family Family Date 88 Rov PropertV 13.21 1 88 88 Allomare Estates (Moselev) 13.97 5 88 88 Dr Moselev 9.31 2 88 1980. 88 Dunmar Estates 179.00 6 88 1979 88 Oak Forest Unit 1 (3 non-buildable) 88 1980.8 88 Oak Forest Unit 2. 2A & 2B 88 1983 88 Oak Forest Unil 3 88 1984 88 Oak Forest Unil4 88 2008 88 Talis Crossino (Vacant RC-1) 8.47 4 88 1996 88 Seville Chase 102.20 88 1989 88 Tuscawilla Trail 4.00 88 88 Church 88 1976 88 Tuscawilla Unit 5 28.00 88 18 0 0 0 0 0 1986 89 Morie Subdivision 4.45 89 1958 89 North Orlando Ranches Sec. 1 54.58 89 1958 89 North Orlando Ranches Sec. 1A 64.00 6 89 1958 89 North Orlando Ranches Sec. 1 B 29.00 1 89 1959 89 North Orlando Ranches Sec. 6 38.00 2 89 1959 89 North Orlando Ranches Sec. 7 71.00 2 89 1985 89 Susan Woods 3.56 89 11 0 0 0 0 0 2006 90 O'Mei International 0.165 90 1989 90 Slate Farm/Moss Rd Inlnl Office (SR 434) 3.16 23560 90 90 Vacant C-1 (SR 434) 2 parcels 1.65 3484 90 2005 90 Bruster's Ice Cream (SR 434) 1.35 90 90 Walker- 1-stOrV offices (SR 434) 0.62 90 90 Vacant C-1 (SR 434 \ 2 parcels 5.40 90 2005 90 Miller School Supplv (SR 434) 1.25 90 1975 90 Cumberland Farms- 531 E SR 434 1.19 90 2008 90 Haves Rd Plaza (SR 434) 1.99 17000 90 90 Vacant C-1 ISR 434\ 6 parcels 7.39 6800 90 90 Vacant R-C1 (below SR 434\ 10.38 30 90 1981 90 Allon Creek 0.91 90 2005 90 AIcher Lot Solit 4.28 1 90 1972 90 Bahama Ranches 4.67 90 1972 90 Hacienda Villaae Mobile Homes 82.84 90 90 Vacanl (KAI Properties) 1.70 10000 90 1984 90 Moss Glenn Townhomes (apartments) 0.69 90 1985 90 Moss Rd Ranches 4.04 90 1981.8 90 Mosswood Aoartment Villaoe 10.40 90 1986 90 Ml. Greenwood Unit 2 Townhomes 9.62 90 1987 90 Ml. Greenwood Unit 4 Townhomes 9.23 90 1986.8 90 Ml. Greenwood Units 1, 3 & 5 92.64 90 1958 90 North Orlando Ranches Sec. 1 121.29 3 90 1958 90 North Orlando Ranches Sec. 2 26.00 2 90 1958 90 North Orlando Ranches Sec.2A 86.84 5 90 1958 90 North Orlando Ranches Sec. 4 26.00 1 90 1959 90 North Orlando Ranches Sec. 5 57.00 4 90 1972 90 North Orlando Ranches Sec. 8 38.58 90 2000 90 Moss Cove/Pinewood Terrace (Kristi Ann) 90 1985 90 Seibert Manor 14.77 90 2008 90 Starlinht Bantist Church (Expansion) 4.28 30000 90 1996 90 The Seasons T ownhomes 38.95 90 1984 90 Vanderaraff Eslates 3.29 90 46 0 23560 37284 0 30000 22 BUILD-OUT as revised 2008-03-18 Pial TZ Developments Acres Single Multi- Office Comm Indust! Public TZ - Dale Family Family 91 Chirooractic Clinic- Dr. Charles Martin 91 91 Martin Clinic- Chiropractic Clinic 91 91 Garam- 155, 165. 175, 185, 194 SR 434 91 91 Jacobsin OOOce (Investexl- 351 SR 434 91 91 Seminole Co Bd of Realtors- 201 W SR 434 91 91 Storaae World Office Blda 91 91 Storaae World Storaae Blda 91 1993 91 Walareens 91 91 Winter SorirlQs Elementarv 91 91 Winter Sorinas Food/Used Aooliances 91 91 Winter Sorinos Prof Plaza- 205 SR 434 91 91 Winter Sorinas Vet 91 91 Vacant C-1lVet- SR 434) 0.41 91 2008 91 Crockett Corner 1,28 4 91 1973 91 Walden Terrace 18.31 91 958,6 91 North Orlando 2nd Addition 50.30 91 1982 91 Garden Club Aoartments (4-olexl 3.42 91 1958 91 North Orlando Ranches Sec, 1 12,13 91 1971 91 N.O. Terrance Seclion 1 15.65 91 1971 91 N.O. Terrance Section 2 10.20 91 1972 91 N.O. Terrance Section 3 18,95 91 1972 91 N.O. Terrance Section 4 18.29 91 1972 91 N.O. Terrance Section 5 18.47 91 1972 91 N,O. Terrance Section 6 13.32 91 1972 91 N.O. Terrance Section 8 38.58 91 1973 91 N,O. Terrance Section 9 24.92 91 1988 91 Foxmoor East 17.00 1 91 1958 91 North Orlando Ranches Sec. 3 55.00 4 91 1974 91 Foxmoor Unit 1 32.99 3 91 1979 91 Foxmoor Unit 2 34.01 1 91 1979 91 Foxmoor Unit 3 33.81 91 1984 91 Oakhill Estates 91 13 0 0 0 0 0 23 BUilD-OUT as revised 2008-03-18 Plat TZ Developments Acres Single Multi- Office Comm Indust! Public TZ f----- Date Family Family 92 Automotive One 92 92 Banfietd Funeral Home 92 1984 92 Barnett Bank/Bank of America (SR 434) 1.73 92 92 Bell Telephone 92 2005 92 Canero Office Conversion 0.17 92 92 Circle K 92 1980 92 Dino's Pizza / Victorio's Pizza 0.33 92 1999 92 Discounl Auto Parts 0.8 92 92 Corum Dr. Denial Clinic 92 92 Corum Dr. Commercial Blda 92 92 Vacant C-1 (SR 434) Meaaher 2.25 92 92 Vacant C-1 (SR 419) 3.39 92 92 Seventh Dav Adventists 1.81 92 92 Vacant C-1 (SR 434) (behind Eckerd-Soears\ 6.03 30 92 2000 92 Eckerd's (CVS) 1.84 92 92.93. 92 Deersona T ownhames 21.24 92 92 Dauas Unit 2 Excelsr Bus Pk- 209 Moss 92 1984 92 Doua's Unit 1 (Corv In) 4-olex aots 92 92 Excelsr Bus Pk- 125 Excelsior 92 92 Excelsr Bus Pk- 207 Moss Rd 92 92 Vacant R-3 (Excelsior Pkwv) Offices 1.93 24800 92 2009 92 Park Manor Academv (Excelsior) 0.49 3600 92 1958 92 Fairfax 4-olex Aoartments (No Orlando) 92 92 Fire Station 92 92 Grouo 3 Desian & Constrn- 206 SR 434 92 92 Gulf Life- Banfield Funeral Home 92 1978 92 The Hiahlands Section 6 (Perth CI 2-olex) 14.89 92 1980 92 The Hiahlands Section 6 Reolat 92 979.8 92 Indian RidQe 1 & 2 Condominiums 8.74 92 92 la Petite Nurserv 92 1982.8 92 Lori Ann Acres 4.78 92 2007 92 Saratoaa Condominiums (SR 434) 9.17 84 6000 92 2001 92 Moss Place Quads (Rhoden In\ 92 92 Mr. Bubbles Car Wash- 510 W SR 434 92 92 North Orlando 36.19 92 1958 92 North Orlando 1 st Addition 27.56 92 1960 92 North Ortando T owns/te 4th Addition 37.99 92 1960 92 North Orlando 5th Addition 7.32 92 1960 92 North Orlando 81h Addition 4.97 92 92 Public Safety Comolex 92 92 Public Works Comolex 92 92 Qualitv Marine Supplv- 170 SR 434 92 92 Shop N Go Stores/Circle K 92 92 Time Warner/Briahthouse- 197 Moss Rd 92 92 VFW Post No. 5405 92 92 Venetian Villaae CommerciallBadcock \ 4.71 27000 92 92 Winter Sorinas Centre 120-178 SR 434 92 0 114 28400 33000 0 0 24 BUilD-OUT as revised 2008-03-18 Plat TZ Developments Acres Single Multi- Office Comm Industl Public TZ f---- Date Family Family 93 Associated Desian- 100 SR419 93 93 Associated Desian- 110 SR 419 93 93 Comouter Power Svstems- 200 SR 419 93 93 Lake Doctors- 150 SR 419 93 93 Lake Doctors- 130 SR 419 93 93 T&O Automotive- 190 SR 419 93 93 Lancer USA-140 SR 419 93 93 Golf Tech Warehouse- 142 SR 419 93 93 Owen & Assoc-Warehouse- 160 SR 419 93 93 Universal Comoutive Svstems Inc. 93 93 419 Metal & Auto Recvclina- 200 OSO 93 93 Cast-Crete FECP Modular Blda- OSO 93 93 Meaaher 2.72 10000 93 93 CCI Adkines- 240 OSO 93 2005 93 GE Caoital- Hall Conslrctn- 225 OSO 1.95 93 93 GE Capilal- Master Conslrctn- 215 OSO 93 93 Jon Hall Co Office- OSO 93 1998 93 Modern Plumbina- Bracco- 255 OSO Expansion 1.4 93 1990 93 Modern Plumbina- Bracco- 255 OSO 93 1983 93 Modern Plumbina- Bracco- 255 OSO 93 93 Orlando Plastics- 240 OSO 93 93 Soenco for TD Owen- 360 OSO 93 93 Spenco for TD Owen- 360 OSO 93 93 Vacant C-l (under FP&Ll 9.04 5500 93 93 Windstar bv Weslev- 200 OSO 93 2007 93 Public Works Complex 16.42 20886 93 2003 93 Laver ElementalV School 33.46 93 0 0 0 5500 10000 20886 94 Bill Hatfield-1161 SR 419 94 978.7 94 Bavtree 4. 8, 9, & 10 Condominiums 6.97 94 1976 94 Bavtree Villaae Condominiums 4.62 94 1985 94 Cvoress Club Townhomes 8.42 94 1985 94 Cypress Villaoe Townhomes 2.00 94 94 Ditmer Architectural Aluminum 94 94 Ditmer Manufaclurina olant addition 94 94 Ditmer, Walt extension 94 94 Dearborn Electronics 94 94 Hess Corp. (17-92 & SR 419\ 94 94 Hiohland Elementarv School 94 993.9 94 Hiahland Lakes Ph 1 & 2 10.22 94 984.8 94 Hiohland Villaae One IEirlie Glerll 15.04 94 1988 94 Hiohland Villaoe Two 12.33 94 1987 94 No Orlando Ranches Sec 11 4-plex Apts (Edaeman) 0.84 94 1974 94 Hiahland Patio Homes (Glasa ow Cll 5.40 94 73.78. 94 The Hiohlands Section 1 64.57 0 94 1978 94 The Hiohlands Section 2 7.01 94 973.7 94 The Hiohlands Section 4 35.19 94 1981 94 The Hiohlands Section 7 & 8 26.00 94 94 Seminole Co Bd of Reallors- 1500 Shenard 94 94 Seven-eleven (17-92 & Sheoard) 94 1973 94 Sheoah Section 2 Condominiums 1.53 94 1973 94 Sheoah Secion 3 Condominiums 1.63 94 94 T orcaso Park 94 94 Civic Center 94 2007 94 Senior Center Expansion 94 1998 94 The Oaks 16.84 94 0 0 0 0 0 0 25 BUILD.OUT as revised 2008-03-18 Pial TZ Developments Acres Single Multi- Office Comm Industl Public TZ - Date Family Family 95 Rilchies Econoniv Cars (1057 US 17-92\ 95 2005 95 Aoex Transmission (US 17 -92) 1.59 95 95 Vacanl C-2 Wallace (17-92) 0.50 95 95 Brucato Center Storane (US 17 -92) 95 95 Brucato Center Office Warehouse 95 95 Sentry Center 1731 US 17-92) 95 95 Suncenter Warehouse- 17-92 95 2008 95 Winter Place rtown&oatio homes)(17-92)(Vacant Ditmer) 47.20 338 95 2000 95 Milsubishi - KIA Dealership (Holler) (US 17-92) 10.70 95 1973 95 Nurserv Road- BldQ#l oarcel19E 0.70 95 1974 95 Nurserv Road- Blda #2 parcel19C 1.27 95 2005 95 Nurserv Road- Bldn-#3 parcel 19A 27 95 2007 95 Nurserv Road- Blda #4 Darcel 190 95 2006 95 Nurserv Road- Blda #5 parcel 190 1.59 95 2000 95 Golfside Villas Townhames 2.73 95 1983 95 Greenspointe 23.18 5 95 2004 95 Golfoointe Aoartments (Sheoah) 2.07 95 1985 95 Hiahlands Glen 2.9 95 974.7 95 The Hinhlands Seclion 5 17.95 95 1986 95 Seville on the Green Aoartments 12.05 95 1972 95 Sheoah Sec. 1 Condominiums 2.63 95 1973 95 Wildwood 60.68 95 1986 95 Park at Laurel Oaks Ants (SR 434) 18.73 95 2006 95 Harbor Winds Itownhomes} (SR 434) 14.99 95 95 Lakeside Plaza IC-l) 2.17 23210 36894 95 95 Vacanl WS GC Clubhouse (SR 434) 6.2 95 95 Vacant WS GC C-lISR 434) 1.35 4500 95 95 WS Golf Shon Rest. 95 95 Winter Sarinos GC (Hiohlands Sec 3\ 95 5 338 27710 36894 0 0 96 Auto Sales (SR 434) 0.55 96 96 Vacant C-2 (SR 434) 0.71 1800 96 96 Foreion Auto Parts-ISR 434} 0.39 96 96 Penev Auto Shoo Vacant C-2 (SR 434) 0.29 2100 96 96 Dano Cleaners (SR 434) 0.17 96 96 Numismatic ISR 434\ 0.69 96 96 Voska (815 W SR 434) 2 bid as 96 96 Voska (815 W SR 434\ 5 bldgs 96 96 MZL 434 Business Pk 18elle Ave) 3 bldos 2.81 96 96 Baxlev Warehouses 18elle Ave) 7 bldgs 5.00 96 96 Baxlev Warehouses 18elle Ave} 3 bldas 2.30 96 96 Belle Ave Coro (Redevelonmtl 1.17 9000 96 96 Snrint Co-Locator (Belle Ave) 96 96 Tri-countv TowinntWilliams}-1155 Belle Ave 1.83 96 0 0 0 3900 9000 0 I Totals J I 729 I 2,389 I 2,152,060 T 824,578 I 19,000 I 115,886 Totals 26