economic benefits of drgr land use change july 2014
Post on 26-Dec-2015
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Original DRGR Purpose
• Areas that provide significant recharge• Wellfield Development• Public Uses, Non-Profit Recreation,
Essential Services• Maximum Density – one dwelling unit per
10 gross acres
“What is already out there?”
• BSU Water Reclamation Plant• BSU Operations Center Headquarters• Bonita Springs YMCA• Bonita Springs Soccer Fields• Bonita Springs Fire and Rescue Headquarters
“What is already out there?”
• Bonita Springs Future Charter High School• 40 Acre Middle/Elementary School Site• 2,000 existing homes• 1,000 acres of conservation lands• 2,000 acres of vacant, developable lands
Efficiencies of Services- Specific Benefits
• City Government Services• Parks, Recreation, Library• Water and Sewer – BSU• Fire and EMS – BSFR• Additional tax dollars for Old 41 Redevelopment
Other Benefits
• Drainage, flow ways, water quality solutions, including new funding mechanisms
• Environmental solutions, with new funding• Design standards to provide for quality,
environmentally sound new development
Other Benefits
• Tax base increase of this area from 1% currently, to 25%, or more, of added property taxes
• New sources of revenue to solve infrastructure problems - MSTU, impact fees
• Roadway funding help – especially for East Terry Street and Bonita Grande widening
• New jobs in construction and services for several years to come
Property Tax Analysis
Bonita Springs Fort Myers Bonita
Springs %
Taxable Value (2013) $6,810,794,001 $3,685,321,093 84% Higher
City & Fire Millage 3.1978 8.7760 64% Lower
Total Millage (2013) 16.2735 21.8517 26% Lower
SOURCE Lee County Property Appraiser
What Does This Tell Us?
Bonita Springs has a solid tax base, due to relatively high residential prices in the city-planned communities, beach area.
This allows the city to maintain a very low tax rate
What Does This Tell Us?
2013 Bonita Springs Tax Millage Rates
Rate
Lee Co General Revenue 4.1506
Public Schools 7.598
City of Bonita Springs 0.8173
Lee Co Library Dist 0.5956
SFWMD 0.411
Bonita Springs Fire District 2.3805
Lee Co Hyacinth, Mosquito, West Coast Inland Navigation Districts 0.3205
Total 16.2735
Bonita DRGR Taxable Impact
Land Area 8.28 Sq Mi (5,300 +/- Ac)
Percentage of City Area 21.5%
2011 Current Assessed Value $100,000,000 (Approx.)
Percentage of City Tax Base 1.5%
SOURCE Lee County Property Appraiser
(2011 Data)
Imperial District Add-on Tax Millage
• 0.55 mils (MTSU)• 65% to City of Bonita Springs• 35% to CREW/Environmental Lands
Source: 2013 Barraco Report
Bonita Springs DRGR Tax Revenues with $1.5 Billion Add’l Tax Base
Rate Add’l Taxes/Yr
Lee Co General Revenue 3.6506 $5,475,900
Public Schools 7.584 $11,376,000
City of Bonita Springs 0.8173 $1,225,950
Lee Co Library Dist 0.3541 $531,150
Lee Co Preservation Lands 0.5000 $750,000
SFWMD 0.4289 $643,350
Bonita Springs Fire District 2.2353 $3,352,950
Lee Co Hyacinth, Mosquito, West Coast Inland Navigation Districts 0.2992 $448,800
Total 15.8694 $23,804,100
Imperial District Add-on 0.55 $825,000
Total $24,629,100
Bonita Springs DRGR Tax Revenues with $1.5 Billion Add’l Tax Base
Rate Add’l Taxes/Yr
Imperial District Add-on 0.55 825,000
City of Bonita Springs 0.8173 1,225,950
Total 2,050,950
2013 -2014 FY Budgeted Ad Valorem Revenues $5,507,000. Potential Increase in City Ad Valorem Tax would be 37%
City of Bonita Springs CurrentImpact Fees
Single Family Unit Rate
Road $8,719
Regional Park $253
Community Park $619
Schools $784.80
Fire $437
EMS $50
BSU ANC Water $2,600
BSU ANC Sewer $3,925
Total $17,388
Imperial District Add-on Impact Fee(2013 Barraco Study)
Roads $3,000
Stormwater/Quality $700
Parks/Land Purchase $1,000
Streetscape $300
Total $5,000
Bonita Springs DRGR Impact Fees with 80% Fee Reductions Lifted and Add-On Fee
Single Family Unit Rate 5,000 Units
Road $8,719 $43,595,000Regional Park $253 $1,265,000
Community Park $619 $3,095,000
Schools $3,924 $19,620,000
Fire $437 $2,185,000EMS $50 $250,000BSU ANC Water $2,600 $13,000,000BSU ANC Sewer $3,925 19,625,000
SubTotal $20,527 102,635,000Imperial District Add on Fee $5,000 $25,000,000
Total $25,527/SF Unit 127,635,000
This also means more jobs
• Estimated 400 New Construction Jobs/Year
• Estimated 1,500 New Services Jobs Annually at Buildout
Imperial District Add-on Impact Fee(Gilkey Suggestions)
Flow Way Projects $500/unit $2.5 million
Environmental Land Fund $3,500/unit $17.5 million
Water Quality Projects $1,000/unit $5 million
Total $25 million
Imperial District Add-on Tax Millage
Source: DEG Suggestions
- Base taxes @ .8173 mils $1,225,500/year
- Add on millage of .55 mils
- To City 65% $536,250/year
- To Environmental/Water $288,750/year
Annually $2,050,500/year
This Provides For:
• New environmental lands funding• Funding for Spring Creek Flow Way, Others• Funding for Water Quality Projects in the DRGR (2011
Plan)• Additional taxes for DRGR ordinances, studies,
monitoring
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