This presentation was given to the Orange County Sheriff's Office on December 8, 2016, in order to update their office on the latest development trends in Orange County.

1. Development Activity Review
Orange County Sheriff’s Office
December 8, 2016

2. Presentation Outline
Introduction
Development Activity
Impact Fees
Future Growth
Summary

3. Presentation Outline
Introduction
Development Activity
Impact Fees
Future Growth
Summary

4. Introduction
Activity levels return to normal
Construction valuation increased
Indicators for continued
growth in 2017

5. Presentation Outline
Introduction
Development Activity
Impact Fees
Future Growth
Summary

6. 2,244
1,017
689
853 902
1,585
2,100 2,130
2,394
3,640
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16
Development Activity
Single Family Residential – New Construction

7. Development Activity
Map of FY16 SFR Permits

8. Development Activity
Map of FY16 SFR Permits

9. Development Activity
Map of FY16 SFR Permits

10. Development Activity
Map of FY16 SFR Permits

11. Count of FY16 SFR Permits by Sector
Development Activity
Sector Count
1 167
2 400
3 883
4 906
5 1,152
6 21

12. $517
$239
$174
$240
$309
$554
$767
$814
$889
$1,289
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16
Millions
Development Activity
Single Family Residential – Total Valuation

13. $230k $235k
$253k
$281k
$343k $349k
$365k
$382k
$371k
$354k
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16
Thousands
Development Activity
Single Family Residential – Average Valuation

14. 11,436
8,371
13,828
19,362
18,055
17,217
18,790
17,582
21,067 21,172
0
5,000
10,000
15,000
20,000
25,000
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16
Development Activity
Residential Units – Existing Home Sales

15. Foreclosure Filings
8,777
23,196
31,014
22,724
9,622
13,900
10,144
6,069
4,994
4,181
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16
Development Activity

16. Existing Homes Sales – Normal vs. Distressed
29%
33%
43%
57%
68%
70%
84%
71%
67%
57%
43%
32%
30%
16%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16
Normal
Distressed
Development Activity

17. 2,863
757
248
674 717
1,174
2,167
3,039
4,822
3,366
0
1,000
2,000
3,000
4,000
5,000
6,000
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16
Development Activity
Total Platted Lots

18. $73
$48
$33
$54
$76
$93
$78
$96
$116
$144
$0
$20
$40
$60
$80
$100
$120
$140
$160
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16
Millions
Development Activity
Townhomes – Total Valuation

19. Development Activity
Map of FY16 Townhome Permits

20. $229
$100
$38 $48
$61
$227
$282
$213
$125
$509
$0
$100
$200
$300
$400
$500
$600
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16
Millions
Development Activity
Multi-Family Residential – Total Valuation

21. Development Activity
Map of FY16 MFR Permits

22. Map of FY16 MFR Permits
Development Activity
Dwell at
Lake Nona
Integra
Cove
Zen
Luxury
Reserve at
Alafaya
Ancora
Oasis at
Grande Pines
Brixton
Landing
Goldenrod
Pointe

23. $701
$647
$341
$249 $263
$350 $351
$455 $460
$546
$0
$100
$200
$300
$400
$500
$600
$700
$800
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16
Millions
Commercial – Total Valuation
Development Activity

24. Development Activity
Map of FY16 Commercial Permits

25. Development Activity
Map of FY16 Commercial Permits
Hamlin
Westside
Shoppes

26. Development Activity
Map of FY16 Commercial Permits
Walmart
Market
Walmart
Market
Lucky’s
Market
Orchard
Supply

27. Development Activity
Map of FY16 Commercial Permits
Bent Oak
Horizon
Commerce
Siemens
Crews
Commerce

28. $803
$414
$27
$0
$20 $8 $19 $8
$51
$82
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16
Millions
Hotel – Total Valuation
Development Activity

29. Development Activity
Map of FY16 Hotel Permits

30. $2.32
$1.45
$0.61 $0.59
$0.73
$1.23
$1.50
$1.58 $1.64
$2.57
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16
Billions
New Construction – Total Valuation
Development Activity

31. 76,583
52,603
39,453 38,381
40,023
45,765
52,397
58,211
65,302
70,427
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16
Development Activity
Total Building Permits

32. Presentation Outline
Introduction
Development Activity
Impact Fees
Future Growth
Summary

33. Impact Fees
Ensure new development pays for services
Used to cover capital expenditures
–Facilities, vehicles, land & equipment
Commercial – Transportation, Law & Fire
Residential – Adds School & Parks
Fees assessed at
permit issuance

34. $85.9
$68.6
$30.6 $29.9
$27.1
$35.8
$33.9
$58.9
$63.8
$66.7
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16
Millions
Impact Fees
Total Impact Fees

35. Law Enforcement Impact Fees
$1.4 $1.3
$0.5
$0.4 $0.4
$0.5
$1.1
$1.9
$1.7
$2.8
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16
Millions
Impact Fees

36. Impact Fees – Law Enforcement
Single Family Residential (unit) $271
Multi-Family Residential (unit) $319
Mobile Home (unit) $263
Commercial/Retail (1,000 Sq. Ft.) $494
Manufacturing (1,000 Sq. Ft.) $118
Office/Institutional (1,000 Sq. Ft.) $109
Private Schools (1,000 Sq. Ft.) $32
Warehouse (1,000 Sq. Ft.) $57
Hotel/Motel (per room) $135

37. Impact Fees
Law Enforcement Fee Update
–Consultant Selected (Tindale Oliver)
–Contract Finalized (underway)
–Draft Fee Development (January – April)
–Advisory Board Review (May – September)
–BCC Adoption (Late 2017)

38. Presentation Outline
Introduction
Development Activity
Impact Fees
Future Growth
Summary

39. Future Growth
 Sunbridge
 Camino Reale
 Lake Pickett South – “The Grow”
 Horizon West
International Drive Redevelopment

40. Future Growth
Sunbridge

41. Future Growth
Sunbridge
– Developed by Tavistock
– 4,787 acres
– Up to 7,370 Dwelling Units
– 6.3 million SF of office/retail
– 2.9 million SF of industrial

42. Future Growth
Camino Reale

43. Future Growth
Camino Reale
– Connects to Sunbridge
– 1,032 acres
– Up to 3,000 Dwelling Units
– 330,000 SF of non-residential
–OCSO shooting range
–CC&R noise

44. Future Growth
Lake Pickett South – “The Grow”

45. Future Growth
Lake Pickett South – “The Grow”
– Up to 2,078 Dwelling Units
– 178,000 SF of non-residential
– Working farm
– Equestrian facility
– Currently being
challenged at State
–North project denied

46. Future Growth
Horizon West

47. Future Growth
Horizon West
– 4% of County acreage
– 53% of residential growth
– 20,704 acres
– 40,282 Dwelling Units
– 13,000 permitted
– ~ 30% buildout

48. Future Growth
Horizon West
– Lakeside Village – Complete
– Village of Bridgewater – Complete
– Village F – Under construction
– Village H – Starting construction
– Village I – PD approval
– Town Center – Under Construction

49. Future Growth
International Drive Redevelopment

50. Future Growth
International Drive Redevelopment
– Over $1 billion in private sector investment
– Skyplex, Starflyer
– Hotels, Multi-family, retail

51. Presentation Outline
Introduction
Development Activity
Impact Fees
Future Growth
Summary

52. Summary
Higher valued projects
Strong indicators for continued growth – 2017
Impact fee update impacts revenue
Residential growth concentrated

53. Development Activity Review
Orange County Sheriff’s Office
December 8, 2016