Federal Highway Administration (FHWA) EDC5: Value Capture
Dates: December 4-5, 2019
Workshop Host: Federal Highway Administration &Texas Department of Transportation
Workshop Location: Omni Hotel Southpark, 4140 Governors Row, Austin, Texas
Length of Workshop: 1.5 days in coordination with the Texas STIC meeting (being held the afternoon of December 5)
Workshop Purpose: To promote Everyday Count Fifth Round (EDC-5) Value Capture Strategies to the state, local, and metropolitan planning organization and tribal government as a supplement traditional funding sources to accelerate project delivery, enhance safety, save time, and money. Learn how to apply value capture techniques and methodologies appropriate for the State of Texas. Potential value capture techniques include: Transportation reinvestment Zones, Joint Development, impact fees, Sales Tax Districts, and other Value Capture Strategies
Format:
Facilitator: Terry Regan, USDOT Volpe Center
Moderator: Rafael Aldrete, TTI, Value Capture consultant
Presenters:
Julie De Hoyos, Texas DOT Strategic Contracts and Project Financing
Time | Topic | Presenter |
---|---|---|
8:30 a.m. |
Welcome and Overview Facilitator welcomes attendees, reviews the agenda, describes documentation/follow-up, and establishes ground rules for discussions. |
TxDOT; FHWA & Volpe Facilitator |
9:00 a.m. |
Value capture vision from the State and Regional Perspective Welcome and discussion of value capture uses and potential from the Federal, State, and Regional perspective. This includes an introduction to the potential that value capture techniques that may have for Texas MPOs, municipalities, and other transportation agencies.
|
|
10:30 a.m. |
Break |
|
10:45 a.m. |
Value capture techniques overview and applicability in Texas Detailed overview of value capture techniques that are currently used and those that may be suitable in the future within Texas. There will be an opportunity for participants to discuss those areas they are most interested in hearing about. Presentation:
|
Rafael Aldrete, TTI |
11:45 a.m. |
Lunch |
|
12:30 p.m. |
Transportation Reinvestment Zones (TRZs) This session will provide an overview of transportation reinvestment zones, a value capture technique currently used in Texas. The discussion will cover the role and perspective of TxDOT at the state level, as well as the experience with the utilization of the technique from a local government perspective.
Presentations:
|
|
2:00 p.m. |
Break |
|
2:15 p.m. |
Joint Development
Presentation:
|
|
3:45 p.m. |
Wrap-up and charge for day 2 Solicitation from participants of key take aways from day 1 and the identification of potential technical assistance that would be useful in aiding agencies in exploring the uses and implementation of value capture. Discussion includes:
|
Facilitator |
4:30 p.m. |
End of day 1 |
|
Time | Topic | Presenter |
---|---|---|
8:30 a.m. |
Welcome and Overview of the Day Facilitator welcomes attendees, reviews the key take aways from Day 1 and provides context for Day 2 |
Facilitator |
8:45 a.m. |
Impact Fees/Developer Agreements/Sales Tax Districts
Presentations:
|
|
10:30 a.m. |
Break |
|
10:45 a.m. |
Discussion, Identification of Key Take Aways, and Next Steps
|
Facilitator |
11:30 a.m. |
Wrap-up, Follow-up Actions and Adjourn |
Facilitator |
12:30 pm |
Texas STIC meeting attendees will begin arriving at 12:00 noon and the STIC meeting will begin at 12:30 pm in the same room. |
|
Category | Technique | Definition |
---|---|---|
Developer Contributions |
Impact Fees |
Fees imposed on developers to help fund additional public services, infrastructure, or transportation facilities required due to the new development. |
Negotiated Exactions |
Negotiated charges imposed on developers to mitigate the cost of public services or infrastructure required as a result of the new development. |
|
Transportation Utility Fees |
Transportation Utility Fees |
Fees paid by property owners or building occupants to a municipality based on estimated use of the transportation system. |
Special Taxes and Fees |
Special Assessment Districts |
Fees charged on property owners within a designated district whose properties are the primary beneficiaries of an infrastructure improvement. |
Business Improvement Districts |
Fees or levies charged on businesses within a designated district to fund or finance projects or services within the district's boundaries. |
|
Land Value Taxes |
Split tax rates, where a higher tax rate is imposed on land than on buildings. |
|
Sales Tax Districts |
Additional sales taxes levied on all transactions or purchases in a designated area that benefits from an infrastructure improvement. |
|
Tax Increment Financing |
Tax Increment Financing |
Charges that capture incremental property tax value increases from an investment in a designated district to fund or finance the investment. |
Joint Development |
At-grade Joint Development |
Projects that occur within the existing development rights of a transportation project. |
Above-grade Joint Development |
Projects that involve the transfer of air rights, which are development rights above or below transportation infrastructure. |
|
Utility Joint Development |
Projects that take advantage of the synergies of broadband and other utilities with highway right-of-way. |
|
Naming Rights |
Naming Rights |
A transaction that involves an agency selling the rights to name infrastructure to a private company. |