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Reston Transportation Funding Plan: Updates and Recommendations: Jan. 19, 2017

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Reston Transportation Funding Plan: Updates and Recommendations: Jan. 19, 2017

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Reston Transportation Funding Plan: Updates and Recommendations: Jan. 19, 2017

  1. 1. County of Fairfax, Virginia Reston Transportation Funding Plan Community Meeting January 19, 2017 Tom Biesiadny, Janet Nguyen Fairfax County Department of Transportation Department of Transportation 1 Updates and Recommendation *This presentation was prepared by Fairfax County Department of Transportation staff. It has not been endorsed by the Board of Supervisors.
  2. 2. County of Fairfax, Virginia Outline • Review – Projects, Cost Estimates, Allocation Framework, Public/Private Funding, and Funding Scenarios • Feedback from the Community, Stakeholders, and the Advisory Group • Staff Proposal, Scenario 12 • Next Steps/Schedule • Discussion Department of Transportation 2
  3. 3. County of Fairfax, Virginia Project List and Estimates Projects to be included in the Reston Transportation Funding Plan were either recommended by the Reston Phase I Comprehensive Amendment or were necessary to support the plan. All estimates are planning level estimates. Network Analysis study will refine the road widths and will provide phasing. Staff is developing project prioritization. *Project is partially or completely located in Dranesville District. Remaining projects are located in Hunter Mill District. Department of Transportation 3 Please note that the information provided in this presentation is not final and is for discussion purposes only. RESTON FUNDING PLAN PROJECTS Projects Estimate as of 2016 Roadway Improvements DTR Crossing at Soapstone Overpass – Sunrise Valley Drive to Sunset Hills Road $170,000,000 DTR Town Center Parkway Underpass – Sunrise Valley Drive to Sunset Hills Road $170,000,000 Fox Mill Road Widening – Reston Parkway to Monroe Street $60,000,000 Monroe Street Widening – West Ox Road to Town of Herndon* $80,000,000 Pinecrest Road Extension – South Lakes Drive to Sunrise Valley Drive $25,000,000 Reston Parkway Widening – South Lakes Drive to DTR $25,000,000 Fairfax County Parkway - DTR to West Ox Road Widening $80,000,000 Fairfax County Parkway at Sunrise Valley Drive (Interchange) $400,000,000 South Lakes Drive Overpass – Sunrise Valley Drive to Sunset Hills Road $90,000,000 West Ox Road Widening – Lawyers Road to Centreville Road $100,000,000 Total Roadway Improvements $1,200,000,000 Intersection Improvements Centreville Road at Sunrise Valley Drive* $10,000,000 Centreville Road/DTR EB on/off Ramps* $1,500,000 Hunter Mill Road/Sunset Hills Road $3,500,000 Reston Parkway/Bluemont Way $4,000,000 Reston Parkway/DTR WB on/off Ramps $5,000,000 Reston Parkway/New Dominion Parkway $5,000,000 Reston Parkway/Sunrise Valley Drive $15,000,000 Wiehle Avenue/DTR EB on/off Ramps $600,000 Total Intersection Projects $44,600,000 Grid Network $1,021,000,000 Total $2,265,600,000
  4. 4. County of Fairfax, Virginia Reston Funding Plan Allocation Framework Six options were proposed to the Advisory Group as methods of allocating costs. This allocation has been the basis for discussion of funding scenarios. In this framework, public and private revenues will share costs, approximately equally. Reston Roadway projects would be paid for with public revenues. Intersections and the Grid would be paid for with private revenues. Staff believes it is important to have a methodology and rationale behind proposed strategies to support decision making. Department of Transportation 4 Please note that the information provided in this presentation is not final and is for discussion purposes only. Allocation Option 5: Project Category Project Estimate Allocation ($) Reston Roadways $1,200,000,000 Public Share 100% $1,200,000,000 Private Share 0% $0 Reston Intersections $44,600,000 Public Share 0% $0 Private Share 100% $45,000,000 Grid $1,021,000,000 Public Share 0% $0 Private Share 100% $1,021,000,000 Total $2,265,600,000 Public Share 53% $1,200,000,000 Private Share 47% $1,065,600,000 *The public private split for the Tysons Transportation Funding plan is 56/44.
  5. 5. County of Fairfax, Virginia Public Share of Funding Plan Department of Transportation 5 • Individual totals by funding source may change, but the County will remain committed to funding the public share of the Board approved Reston Funding Plan. Please note that the information provided in this presentation is not final and is for discussion purposes only. PUBLIC REVENUE SOURCES Revenue Source Amount Federal Regional Surface Transportation Program (RSTP) $155,000,000 Federal Discretionary Grant Programs (TBD) $0 Total Federal Revenues $155,000,000 State Smart Scale (HB2) (Construction District Program and State High Priority Program) $174,500,000 Total State Revenues $174,500,000 Regional Northern Virginia Transportation Authority (NVTA) 70% Regional Funds $580,550,000 Total Regional Revenues $580,550,000 Local Commercial & Industrial Tax (C&I) $79,750,000 General Obligation (G.O.) Bonds $194,000,000 NVTA 30% Local Funds $16,200,000 Total Local Revenues $289,950,000 Total Public Revenues $1,200,000,000
  6. 6. County of Fairfax, Virginia Private Share of Funding Plan Department of Transportation 6 Grid estimate $1,021,000,000 Less: Expected developer in-kind contributions to the Grid $716,000,000 Net funding need from private share for Grid $305,000,000 Add: Intersections $45,000,000 Contributions Needed Towards Private Share From Other Funding Mechanism(s) $350,000,000 Total Private Share (Total Grid + Intersection Improvements) $1,066,000,000 A significant portion of the total private share is expected to be paid for through in-kind contributions to the grid from developers as redevelopment occurs. The balance of the private share is expected to be paid for through contributions to another funding mechanism(s). Contributions Needed Towards Private Share from Other Funding Mechanism(s) Please note that the information provided in this presentation is not final and is for discussion purposes only.
  7. 7. County of Fairfax, Virginia Department of Transportation 7 Only properties within the Reston TSAs (brown line) would be subject to any proposed Service District.
  8. 8. County of Fairfax, Virginia Department of Transportation 8 Funding Scenarios Proposed to meet $350M Private Share Balance Contribution Rates and Related Shortfall Road Fund Tax/Service District over Reston TSAs Residential/DU Commercial/SF Other Funding Needed to meet $350M ($M) Tax District Rate Service District Rate Tax/Service District Contribution to $350M (%) Scenario 1: Tysons residential rates $2,571 $18.34 $0 N/A N/A 0% Scenario 2: Tysons commercial rates $4,627 $12.63 $0 N/A N/A 0% Scenario 3: Rates proportional to development in Reston TSAs $7,058 $5.88 $0 N/A N/A 0% Scenario 4: Tysons rates and Service District over Reston TSAs $2,571 $12.63 $79 N/A 0.012 22% Scenario 5: Tysons rates and Tax District over Reston TSAs $2,571 $12.63 $79 0.025 N/A 22% Scenario 6: Tysons Rates and Service District over Reston &TSAs $2,571 $12.63 $79 0.025 or 0.012 22% Scenario 7: Tysons Rates and Service District over Small Tax District 5 $2,571 $12.63 $79 0.025 or 0.012 22% Scenario 8: General adjustment from Tysons rates, -11% $2,288 $11.24 $108 0.035 or 0.017 31% Scenario 9: Specific adjustments from Tysons rates, +15% residential, -19% commercial $2,957 $10.23 $80 0.025 or 0.013 23% Scenario 10: Splits $350M equally between Road Fund/Service District and maintains Tysons proportions for Res/Com road fund rates $1,635 $8.19 $175 N/A 0.027 50% Scenario 11: Similar total expense per Road Fund (residential) contribution and Service District (avg. home) contribution $2,080 $10.09 $132 N/A 0.020 38% *Scenario 6 and 7 would not generate significant amounts of additional revenue to warrant implementation of an expanded service district and were removed from consideration. Please note that the information provided in this presentation is not final and is for discussion purposes only.
  9. 9. County of Fairfax, Virginia Feedback from Advisory Group The Advisory Group created a written document that provided the group’s initial high level feedback on the proposed Reston Transportation Funding Plan on September 26, 2016. • Agreement on public/private allocation framework. – Roadway Improvements to be paid by public funding. – Intersection Improvements to be paid by private funding. – Grid Network to be paid by private funding. • The tax district option is unrealistic and could be removed from further consideration for the funding plan. • The Advisory Group is most interested in funding options that include both proffer (road fund) and service district revenue streams. Department of Transportation 9
  10. 10. County of Fairfax, Virginia Feedback from Advisory Group Cont. • The Advisory Group team recognizes that transportation is but one of many important development objectives under the comprehensive plan update that must be funded. • There is agreement that there should be a sunset provision that terminates the Road Fund and service tax district when all the projects for which they were intended have been funded. • The Advisory Group directed staff to pursue all further analysis on options 8, 10, and 11. Department of Transportation 10
  11. 11. County of Fairfax, Virginia Funding Scenarios 8, 10, and 11 Scenario 8: Uses the Tysons combined rates for residential and commercial and adjusts them downwards by 11% based on an average assessed value difference between all properties in Reston TSAs and Tysons in 2015. A service district over only the Reston TSAs fills any remaining funding needs based on the adjusted rates. Scenario 10: Splits the private funding shortfall ($350M) equally between a road fund and a service district and determines rates that maintain the same residential to commercial road fund contribution ratio as Tysons. Scenario 11: At an average annual service district contribution rate of $0.02/$100 of assessed value, a current resident in the Reston TSAs with an average residence of approximately $260,000 assessed value will have an out of pocket expense, paid over 40 years, approximately equal to a residential per dwelling unit contribution of a developer. Department of Transportation 11 Road Fund, New Development – Reston TSAs All Properties – Reston TSAs Residential* Commercial Service District Contribution to $350M (%)Scenario Rate per Dwelling Unit Revenue Rate per Square Foot Revenue Rate+ Revenue 8 $2,288 $87,000,000 $11.24 $155,000,000 $0.017 $108,000,000 31% 10 $1,635 $62,000,000 $8.19 $113,000,000 $0.027 $175,000,000 50% 11 $2,080 $79,000,000 $10.09 $139,000,000 $0.020 $132,000,000 38% +Rate per $100 of assessed value*Residential includes apartments.
  12. 12. County of Fairfax, Virginia Activity Since Last Community Meeting November 7, 2016 • Advisory Group Meetings – November 21, 2016 – December 19, 2016 • Staff Develops Funding Scenario 12 after the Advisory Group Meeting in November and before the Board Transportation Committee Meeting in December • Board Transportation Committee Meeting – December 13, 2016 • Reston Association Board Meeting – December 15, 2016 • Stakeholder Meeting – January 13, 2017 Department of Transportation 12
  13. 13. County of Fairfax, Virginia Summary of Feedback from Community Meetings • Reston should not be compared to Tysons. – The Tysons Transportation Funding Plan served as a template or starting point for development of the Reston Transportation Funding Plan. – While staff recognizes that there are differences between Reston and Tysons, the funding plans will share some similar foundations. – Staff does not want to create a situation where the transportation funding plan would create a competitive advantage or disadvantage to any area in the County. – Ultimately, the Reston Transportation Funding Plan is being developed to fit the needs of the Reston TSAs and will be different in several areas from the Tysons Transportation Funding Plan. Department of Transportation 13
  14. 14. County of Fairfax, Virginia Summary of Feedback from Community Meetings (Cont.) • Developers should pay for all transportation costs associated with development. The revenues from homeowners should not be used to pay for streets that benefit developers. – Rezoning applications are required to submit a traffic impact analysis (TIA). Each development must mitigate the transportation impacts of their development. – Developers will also be asked to contribute towards the Road Fund in conjunction with any development of property within the Reston TSAs such as change in use, zoning district, or increases in site development density. – Still, there will be necessary improvements in the TSAs that are not attributable to a single development and the cost of such improvements will be shared. The benefits of these improvements apply to all who live in, work in, or visit Reston. These benefits include enhanced road connectivity, new sidewalks and bike lanes, and increased access to the Metrorail stations. Department of Transportation 14
  15. 15. County of Fairfax, Virginia Summary of Feedback from Community Meetings (Cont.) • Developments that create more traffic impact should pay for more of the improvements. – Rezoning applications are required to submit a traffic impact analysis (TIA). Each development must mitigate the transportation impacts of their development. – Additionally, a Road Fund would address the scale of a development by having developers contribute on a per dwelling unit or per square foot basis. The magnitude of the impact will be reflected in the contributions toward the road fund. The more dwelling units or square footage being built, the more the developer contributes. Department of Transportation 15
  16. 16. County of Fairfax, Virginia Summary of Feedback from Community Meetings (Cont.) • There was concern about developers building the expected in-kind contributions for less than the estimated total and whether corners would be cut for cost savings. – The total cost of the in-kind contributions to the Grid Network, is calculated using VDOT unit costs and is a planning level estimate. – If a developer can construct a section of the Grid Network at a lower cost, it has no negative impact on the funding plan. – A privately constructed Grid Network segment would be inspected by County and VDOT inspectors and must meet required County and VDOT standards and design guidelines to ultimately be dedicated as a public street. Department of Transportation 16
  17. 17. County of Fairfax, Virginia Summary of Feedback from Community Meetings (Cont.) • Which projects are already funded in Reston? – There are projects within Reston that have already been funded or partially funded outside of the proposed Reston Transportation Funding Plan. • Reston Area Metrorail Station Access Projects (http://www.fairfaxcounty.gov/fcdot/silverline/restonimp.htm), improve pedestrian, vehicle, and bicycle connections to and from the new Silver Line Metro stations. The majority of projects in the Reston area are being constructed as part of the Silver Line project or with FCDOT funding to improve Metro station access. The list of projects is, in part, the result of work undertaken by Reston Metrorail Access Group. More information about the group can be found here: http://www.fairfaxcounty.gov/fcdot/sam_study.htm • Board of Supervisors Transportation Project Priorities Program (http://www.fairfaxcounty.gov/fcdot/cdot/projects/approved.htm), includes projects such as Sunrise Valley Drive Walkway and Sunset Hills Road Walkway, Hunter Mill Road at Lawyers Road spot improvements and others. – Hunter Mill Road Study (http://www.fairfaxcounty.gov/fcdot/huntermillstudy.htm), this is a separate effort to study and address congestion on Hunter Mill Road from Sunrise Valley Drive to the Colvin Run Bridge during the morning and evening peak hours. The study looks at intersections and segments within the study area and examines alternatives to mitigate existing and future conditions to ensure efficient movement of traffic. These projects are currently unfunded and will be funded separately from the Reston Transportation Funding Plan. Department of Transportation 17
  18. 18. County of Fairfax, Virginia Reston Metrorail Access Group (RMAG) and Wiehle Ave/Reston Pkwy Station Access Management Study Projects Recommended station access management and traffic improvements at the new Silver Line Metro stations. More RMAG improvements can also be found here: http://www.fairfaxcounty.gov/f cdot/silverline/restonimp.htm These projects are funded separate from the Reston Funding Plan, mostly with public sources. Department of Transportation 18 Project Location Project Scope Bluemont Way & Discovery Street/Explorer Street/Library Street Improve crosswalks, bike facilities. Sunset Hills Road/Old Reston Avenue Add signalized crosswalks. Explorer Street/New Dominion Parkway Improve crosswalk. Sunrise Valley Drive from Reston Parkway to Soapstone Drive Missing Links Complete shared use path north side. Add signalized crosswalk at Colts Neck Rd. Sunrise Valley Drive/Edmund Halley Drive Add signalized crosswalks. Sunset Hills Road/Discovery Street Pedestrian Bridge Walkway Extended Add signalized crosswalk. Reston Parkway/Dulles Toll Road Westbound On- Ramp Add signalized crosswalk. Remove southbound free- flow right turn. Reston Parkway/Dulles Toll Road Eastbound Off- Ramp and On-Ramp Add signalized crosswalks. Remove northbound free- flow right turn. Dulles Toll Road Eastbound Off-Ramp/Fairfax County Parkway Trail Realign trail to barrier-separated on shoulder. Realign trail crossing. Add signalized crosswalk. Sunset Hills Road Eastbound Off-Ramp/Fairfax County Pkwy Trail Realign trail crossing. Add signalized crosswalk. Bluemont Way from Discovery Street Pedestrian Bridge Walkway to Reston Parkway Add sidewalk south side. Sunset Hills Road from Town Center Parkway to Reston Town Center Station Entrance Complete shared use path north side. New Dominion Parkway from Reston Parkway to Fairfax County Parkway Reconstruct with on-road bike lanes. Reduce median width. Restripe with narrow lane widths. Town Center Parkway/W&OD Trail Add access ramp at W&OD trail west side. Town Center Parkway from Sunset Hills Road to Baron Cameron Avenue Reconstruct with on-road bike lanes. Reduce median width. Restripe with narrow lane widths. Sunrise Valley Drive from Reston Parkway to Fairfax County Parkway Reconstruct with on-road bike lanes. Reduce median width. Restripe with narrow lane widths. Sunrise Valley Drive/Reston Association Entrance Add signalized crosswalks. Reston Bikeshare Phase 2 Bikeshare Expansion for Phase 2 Silver Line Metrorail.
  19. 19. County of Fairfax, Virginia Summary of Feedback from Community Meetings (Cont.) • Will there be periodic reviews of the estimates? – Yes, project estimates will be reviewed annually. • Will the projects be prioritized? – Yes, staff is developing project priorities from the results of the Network Analysis. These priorities will take into account the cost-benefit of all improvements as well as funding availability. • Can Reston Town Center residents be included in discussions related to the Service District? – Staff is willing to provide additional outreach to Reston Town Center residents. – Will discuss Reston Town Center outreach with the Advisory Group. Department of Transportation 19
  20. 20. County of Fairfax, Virginia Summary of Feedback from Stakeholder Meetings • Those who develop early in the funding plan should not have to contribute more to the funding plan than later developments. – The County, expects development to occur throughout the life of the funding plan. – With the creation of a service district, all landowners will begin to contribute to the funding plan immediately. – A landowner that develops in the later years of the funding plan would have been contributing via the service district from the day the service district was implemented or the day they purchased the land (the latter of the two dates). Such a landowner would also share the benefits of the transportation improvements. Department of Transportation 20
  21. 21. County of Fairfax, Virginia Summary of Feedback from Stakeholder Meetings (Cont.) • More emphasis should be placed on a service district rather than road funds. Service districts are bondable and more reliable. – There are trade-offs between the use of a road fund and a service district. – A road fund places the funding burden on new development. – A service district spreads the funding burden over all development; both existing and future development has to pay into a service district. The higher the service district rate, the higher the relative funding burden on residential property. • The road fund contribution for commercial property proposed in several of the scenarios is too high, and will make it difficult to develop commercial property in the Reston TSAs. – Every development is different and staff understands that different developments absorb different costs. – Some adjustments made in Scenario 12. Department of Transportation 21
  22. 22. County of Fairfax, Virginia Summary of Feedback from Stakeholder Meetings (Cont.) • Are all of the improvements in the Reston Transportation Funding Plan needed? – Transportation improvements included in the funding plan were recommended by the Reston Phase I Comprehensive Plan Amendment, which was the result of the Reston Master Plan Special Study. That study took four years and included robust community discussion and participation. – These improvements are meant to support the plan’s vision for mixed land uses in the Reston TSAs supported by a multi-modal transportation system. – The Reston Network Analysis Study also verified the need for the improvements in the Reston TSAs. – At the beginning of the Network Analysis, each grid link was assumed to be two lanes, so that the roads would not be overbuilt. The study has shown that none of the links need to be widened to four lanes. Department of Transportation 22
  23. 23. County of Fairfax, Virginia Advisory Group Meeting, November 21, 2016 • The Advisory Group did not reach a consensus on a final rate scenario. • Various members of the Advisory Group voiced that each scenario had aspects that were preferable and that each scenario also had aspects that were not preferable. • There was differing opinion on the appropriate level of specificity of any recommendation. • The Advisory Group requested additional time to allow for the Reston Association Board to be briefed and to discuss the funding plan. Department of Transportation 23
  24. 24. County of Fairfax, Virginia Staff Proposal: Scenario 12 Road Fund: Residential: $2,090 per dwelling unit; Commercial: $9.56 per square foot Service District: $0.021 per $100 of assessed value With additional information, after further discussions with the Advisory Group, and feedback from the community and stakeholders, staff recommended a new scenario, Scenario 12, for the following reasons: • It includes both a road fund and service district. • Only properties within the Reston TSAs will be affected. • Service district collections from current homeowners in the Reston TSAs would not exceed the current cost estimates for Intersection Improvements ($44,600,000). This means, the Grid Network is completely paid for by commercial/industrial properties and residential owner occupied properties built after the establishment of the funding plan. • Rates proposed for the road fund in Scenario 12 are within a range that is not significantly above or below road fund contribution rates in the Tysons Transportation Funding plan or other fund areas in the County. • The road fund and service district rates proposed in Scenario 12 are within the range of the three scenarios for which the Advisory Group had most interest (Scenario 8, 10, and 11). Department of Transportation 24
  25. 25. County of Fairfax, Virginia Department of Transportation 25 Funding Scenarios Proposed to meet $350M Private Share Balance Contribution Rates and Related Shortfall Road Fund Tax/Service District over Reston TSAs Residential/DU Commercial/SF Other Funding Needed to meet $350M ($M) Tax District Rate Service District Rate Tax/Service District Contribution to $350M (%) Scenario 1: Tysons residential rates $2,571 $18.34 $0 N/A N/A 0% Scenario 2: Tysons commercial rates $4,627 $12.63 $0 N/A N/A 0% Scenario 3: Rates proportional to development in Reston TSAs $7,058 $5.88 $0 N/A N/A 0% Scenario 4: Tysons rates and Service District over Reston TSAs $2,571 $12.63 $79 N/A 0.012 22% Scenario 5: Tysons rates and Tax District over Reston TSAs $2,571 $12.63 $79 0.025 N/A 22% Scenario 6: Tysons Rates and Service District over Reston &TSAs $2,571 $12.63 $79 0.025 or 0.012 22% Scenario 7: Tysons Rates and Service District over Small Tax District 5 $2,571 $12.63 $79 0.025 or 0.012 22% Scenario 8: General adjustment from Tysons rates, -11% $2,288 $11.24 $108 0.035 or 0.017 31% Scenario 9: Specific adjustments from Tysons rates, +15% residential, -19% commercial $2,957 $10.23 $80 0.025 or 0.013 23% Scenario 10: Splits $350M equally between Road Fund/Service District and maintains Tysons proportions for Res/Com road fund rates $1,635 $8.19 $175 N/A 0.027 50% Scenario 11: Similar total expense per Road Fund (residential) contribution and Service District (avg. home) contribution $2,080 $10.09 $132 N/A 0.020 38% Scenario 12: Staff Proposal $2,090 $9.56 $139 N/A 0.021 40% Please note that the information provided in this presentation is not final and is for discussion purposes only.
  26. 26. County of Fairfax, Virginia Funding Scenarios 8, 10, 11, and 12 Department of Transportation 26 Road Fund, New Development – Reston TSAs Service District, All Properties in Reston TSAs Residential Commercial Service District Contribution to $350M (%)Scenario Rate Revenue Rate Revenue Scenario Rate Revenue 8 $2,288 $87,264,320 $11.24 $154,412,602 8 $0.017 $108,323,078 31% 10 $1,635 $62,358,900 $8.19 $112,512,385 10 $0.027 $175,128,715 50% 11 $2,080 $79,331,200 $10.09 $138,614,160 11 $0.020 $132,054,640 38% 12 $2,090 $79,712,600 $9.56 $131,287,400 12 $0.021 $139,000,000 40% • Apartments would contribute towards the residential road fund rates. • Service district rate is shown as the annual average rate per $100 of assessed value. • Revenues shown do not account for inflation and are total revenues over 40 years.
  27. 27. County of Fairfax, Virginia Funding Scenarios 8, 10, 11, and 12 Department of Transportation 27 67% 8% 12% 9% 4% SCENARIO 12 67% 7% 13% 9% 4% SCENARIO 11 67% 8% 15% 7%3% SCENARIO 8 67% 6% 11% 11% 5% SCENARIO 10 Percent Contribution to Total Private Share ($1.066B): Developers and Commercial Property Owners Residential Property Owners
  28. 28. County of Fairfax, Virginia Share of Contributions from Owner Occupied Residential Units • In response to feedback from the public meeting, several citizens expressed displeasure for the potential to fund the grid of streets with service district funds. • It is unknown what proportion of new residences in the Reston TSAs will be constructed as owner occupied residential dwelling units (OORDU). • The current proportion of OORDUs in the Reston TSAs is approximately 22% of the total assessed value. • Using a very aggressive and highly unlikely projection, 75% of future growth of all residential dwelling units being assigned as OORDUs, the total contribution to the service district at an average annual rate of $0.021/$100 of assessed value is approximately $42 million. • This shows the OORDUs do not contribute more than the cost of the intersection improvements (estimated at approximately $45 million as of 2016). • New developments and commercial and industrial properties will contribute the amounts needed to cover the grid network and a portion of the intersection improvements. Department of Transportation 28
  29. 29. County of Fairfax, Virginia Share of Contributions Owner Occupied Residential Units – Scenario 12 Department of Transportation 29 Owner Occupied Residential Dwelling Unit (OORDU) Analysis Reston TSAs S.D. Rate $0.021 cents per $100 Years 5 Year Aggregate Contribution Percent OORDU OORDU Contribution 2017-2021 10,444,896$ 22% 2,297,877$ 2022-2026 12,423,086$ 24% 2,981,541$ 2027-2031 14,401,276$ 26% 3,744,332$ 2032-2036 16,379,466$ 28% 4,586,250$ 2037-2041 18,357,656$ 30% 5,507,297$ 2042-2046 20,335,846$ 32% 6,507,471$ 2047-2051 22,314,036$ 34% 7,586,772$ 2052-2056 24,292,226$ 36% 8,745,201$ Total 138,948,487$ 41,956,741$ Total Percent to Service District 30% Total Percent to Private Share 4% Total Percent to Funding Plan 2%
  30. 30. County of Fairfax, Virginia Financial Impact of a Service District by Scenario Department of Transportation 30 Residential Assessed Value $260,000* $500,000 $750,000 Option Service District Rate Annual 40 Year Total Annual 40 Year Total Annual 40 Year Total 8 $0.017 $44.20 $1,768 $85.00 $3,400 $127.50 $5,100 10 $0.027 $70.20 $2,880 $135.00 $5,400 $202.50 $8,100 11 $0.020 $52.00 $2,080 $100.00 $4,000 $150.00 $6,000 12 $0.021 $54.60 $2,184 $105.00 $4,200 $157.50 $6,300 Commercial Assessed Value $1,000,000 $15,000,000 $50,000,000 Option Service District Rate Annual 40 Year Total Annual 40 Year Total Annual 40 Year Total 8 $0.017 $170 $6,800 $2,550 $102,000 $8,500 $340,000 10 $0.027 $270 $10,800 $4,050 $162,000 $13,500 $540,000 11 $0.020 $200 $8,000 $3,000 $120,000 $10,000 $400,000 12 $0.021 $210 $8,400 $3,150 $126,000 $10,500 $420,000 *Approximate average assessed value in Reston TSAs.
  31. 31. County of Fairfax, Virginia Board Transportation Committee Meeting, December 13, 2016 • Presentation was well received by the Board. • Staff Proposed Funding Scenario 12. • Several keys points of feedback were reaffirmed; including not exceeding the funding plan duration for the service district and road fund and welcoming additional feedback. • An inquiry was made into whether or not cost estimates for the projects could be revised. • It was suggested to advertise a window of rates for the service district to allow for additional feedback and flexibility. Department of Transportation 31
  32. 32. County of Fairfax, Virginia Advisory Group Meeting, December 19, 2016 • Discussion about focus of the Advisory Group. – Fine tuning could potentially be left to staff and the Board of Supervisors. • The community’s input was more concerned about the service district and that their contributions would not be paying into the grid. • There was general discussion on the proposed rates. – The group and the community preferred advertising a specific rate, rather than a window of rates for the purpose of public hearing for board endorsement of the funding plan. • The Advisory Group endorsed funding scenario 12. Department of Transportation 32
  33. 33. County of Fairfax, Virginia Next Steps/Tentative Schedule Department of Transportation 33 Date Event January 24, 2017 • Request authorization to advertise public hearing on Reston Transportation Funding Plan. February 28, 2017 • Public hearing to seek Board approval of Reston Transportation Funding Plan. • Request authorization to advertise public hearing on associated Service District over only the Reston TSAs. • Board adoption of Road Fund and Road Fund Guidelines. March/April 2017 • Public hearing on specific Service District proposal over only the Reston TSAs.
  34. 34. County of Fairfax, Virginia Comments/Questions? Department of Transportation 34

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