1 / 22

Development Impact Fees

Development Impact Fees. Canton, Georgia. What’s Happening?. Canton’s Population to 2015. Future Land Use. Future Land Use. By 2015, Canton Will Add . . . 33,852 more people to its population In 12,642 new homes on 2,489 acres With a present population of 9,711 in 3,627 homes

vandana
Download Presentation

Development Impact Fees

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Development Impact Fees Canton, Georgia

  2. What’s Happening?

  3. Canton’s Population to 2015

  4. Future Land Use

  5. Future Land Use • By 2015, Canton Will Add . . . • 33,852 more people to its population • In 12,642 new homes on 2,489 acres • With a present population of 9,711 in • 3,627 homes • More than tripling present population

  6. Future Land Use • By 2015, Canton Will Add . . . • 630 acres of commercial development as contrasted with • 560 acres today • More than doubling

  7. Future Land Use • By 2015, Canton Will Add . . . • 1,212 acres of office park development • Versus 83 acres at present • a 15 fold increase

  8. This Growth Will . . . • Add to the tax base • Going from $300 million to • Over $3 billion

  9. This growth will also . . . • Cost the people of Canton a great deal of money

  10. Growth in Canton will need . . . • Additional Police Protection Improvement 2002 2003 2004 2005 Total Training Facility $200,000 $200,000 New Precinct $30,000 $1,000,000 $1,030,000 911Communication $375,000 $187,500 $187,500 Comm. Towers $10,000 $20,000 $10,000 $197,500 $1,000,000 Totals $227,500 $200,000 $1,625,000

  11. $1,625,000 total police cost • $927,605 assignable to new residences • $73.37 per residence • ¢4.7 per square foot of residential floor area • $697,395 assignable to new businesses • ¢4.3 per square foot of business floor area

  12. Parks, Recreation Areas & Open Spaces

  13. The Etowah River

  14. Etowah River Greenway Master Plan Canton, Georgia

  15. The Etowah River Greenway

  16. Other Parks

  17. And Future Parks

  18. Community Center $10,000,000 Etowah River Greenway Land Acquisition $750,000 Phase I $6,690,432 Phase II $2,281,182 Phase III $4,643,002 Phase IV $2,437,441 Phase V $5,192,863 Other Etowah $5,530,678 Brown Park $100,000 Crisler Park $250,000 Boling Park $450,000

  19. $38,325,598 in Total Cost . . . • $7,881,998 is an existing deficiency chargeable to existing development • $30,443,600 is to accommodate growth and is chargeable to new development

  20. Anticipated Bond Issue to Fund Improvement Program • $40 Million Bond Issue • 29% paid by existing residents • 71% paid by new residents • Average Tax Rate for Debt Service • $1.28 per $1,000 of Taxable Value

  21. $30,443,600 in Growth Cost • 86% chargeable to new residences • $829.42 per Residence • ¢57.2 per square foot of residential floor area • 14% chargeable to new businesses • ¢17.3 per square foot of business floor area

More Related