Value Capture Highlights 


Recent Highlights

The following are brief summaries recent Value Capture applications employed by local governments.


October 2021

  • Value Capture Strategy- Mobility Fee: The City of Madeira Beach, Florida commission approved a mobility fee at 40 percent of the total fee beginning October 1 and increasing 10 percent a year for the next six years. The developers of both commercial and residential properties will soon be paying impact fees to the city based on the size of their projects. The purpose is to help recover some of the costs to the city associated with development. The fees will bring more money into the city to benefit the roads, public services and parks impacted by the development.

July 2021

  • Value Capture Strategy-Street Impact Fees: The City of Foley, Alabama council approved to implement an impact fee on new developments within the city limits. Funds collected from the fee will be put towards improvements within city parks and recreation and streets. Impact fees are designed to offset the financial impact a new development may have on public infrastructure. With the impact fee, a municipality has a set amount of time to use the funds to create or improve new infrastructure. In Alabama, municipalities have five years in which to spend collected impact fees. In Baldwin County, impact fees may not exceed 1 percent of the estimated fair and reasonable market value of a new development after completion. For more information, visit City of Foley Website.
  • Value Capture Strategy-Street Impact Fees: The City of Easley, South Carolina council approved the Upstate's first impact fee, which will eventually add $3,340 to the cost of new homes in the city. Easley's impact fee will be phased in, with 50% fees starting in January, 75% the following year and full fees kicking in for homes permitted after January 2024. The projections call for the fee to collect nearly $8 million over the next five years, the city will need to come up with almost $5 million in matching money. The potential $13 million would need to be spent, starting in three years, on specific projects for parks and recreation along with police, fire and transportation. Visit City of Easley Website for additional information.
  • Value Capture Strategy-Special Assessment District (SAD): District No. 2250, West Fargo, North Dakota; Sheyenne Street Reconstruction - Beaton Drive to 40th Ave – The total to be assessed: $32,270,000 of the project total cost of $69,766,872.90.  The scope of the project included widen Sheyenne Street between Beaton Drive to 40th Avenue and reconstruct the Interstate Highway 94 interchange at Sheyenne Street to address capacity needs, roadway reliability and social and economic development along the proposed corridor. Cost are allocated based on the benefit the property is receiving from the project.  Assessments are included for payment on annual Cass County property tax statement.   For additional information, please visit the City of West Fargo, ND Website.
  • Value Capture Strategy-Tax Increment Financing (TIF) District: The Prospect Heights City Council, Illinois passed three ordinances Monday night July 12 approving the creation of the Prospect Pointe/Muir Park Tax Increment Financing (TIF) District. The TIF district will help finance development projects throughout the district including the Prospect Pointe/Muir Park Redevelopment Area and authorizes the city to use incremental taxes to pay the Lexington Homes developer for necessary project assistance; provide payments to the school, fire and park districts; and to financially support public improvements related to stormwater management, sidewalk construction and the rehabilitation of Muir Park. Additional information can be found the redevelopment plan (the “Redevelopment Plan”) for an area located in the northern part of the City of Prospect Heights
  • Value Capture Strategy-Tax Increment Financing (TIF): The City of Great Falls, Montana approves new Downtown Urban Renewal District Tax Increment Financing programs. The programs include the Façade program, which would provide up to a $50,000 reimbursement per project for eligible façade renovation for private businesses downtown; The Life Safety Code Compliance Program, which would give up to $25,000 per project to assist in bringing buildings up to code and making them compliant with the Americans with Disabilities Act; and the Environmental Safety Program, which will offer $5,000 per project for implementation of principles of “Crime Prevention Through Environmental Design,” which incorporates elements like better lighting and security cameras to deter criminal activity.
  • Value Capture Strategy-Tax Increment Financing (TIF): Kentucky West End Opportunity Partnership Tax Increment Financing (TIF) District takes effect on July 1, 2021. The state legislature voted to create the new tax-increment financing, or TIF, district called the West End Opportunity Partnership. The effort is designed to get some investment in the city’s poorest neighborhoods through the West End Opportunity Partnership. The district covers nine neighborhoods: Algonquin, California, Chickasaw, Parkland, Park DuValle, Park Hill, Portland, Russell and Shawnee. Under the arrangement, 80% of the future growth in state and local tax revenues collected in the West Louisville district will be reinvested back into the district's neighborhoods, but it needs $30 million in seed money to get off the ground. Both the state and Louisville Metro Government have pledged to contribute, but Sen. Gerald Neal says about $10 million still needs to be raised. Mayor Greg Fischer allotted $10 million in his budget, which was approved by the Metro Council. Another $10 million in private funding will now need to be raised before the state contributes its promised $10 million. A 21-member board will be in charge or making the decisions on how the money will be reinvested. Nine of the members will be residents of each included neighborhoods.
  • Value Capture Strategy-Tax Increment Financing (TIF): The Sioux Falls City Council, South Dakota on Tuesday July 6, 2021 approved TIF District No. 24 for $21.5 million for a planned $200.5 million project on the site. The Lloyd Companies will receive up to $21.5 million in reimbursed, or deferred, new taxes on the property. The developer will be required to use any TIF money for the development of a 900-stall parking structure with public parking available on the property. The developer will continue to pay the existing annual property taxes because the TIF involves any new property taxes created. Tax money collected from the increased valuation, called the increment, will go into a TIF fund. When the project is completed and the TIF is paid, the TIF district is dissolved. All of the new taxes created are then paid by the developer. The property generates about $57,000 in annual property taxes. It will generate about $1.6 million in annual property taxes when the Lloyd Companies project is completed

June 2021

  • Value Capture Strategy-Street Impact Fees: The City of Lubbock , Texas Council voted to adopt impact fees on new development to go into effect June 1, 2021. The city council approved impact fees for only road projects with a 50% reduction from the maximum fee on all development, although the recommendation from the appointed citizen committee was to adopt the maximum impact fees on residential development for road projects. Per state law, impact fees can cover 50% of the cost for new thoroughfare construction. With a 50% reduction on top of that, money collected through impact fees moving forward will cover 25% of the estimated cost for new roads in a given service area. Public money levied across the entire city will pay for the remaining 75%. for additional information, visit City of Lubbock Website.

  • Value Capture Strategy-Tax Increment Financing (TIF) Fund Park Improvement Across North, Northwest and South Sides of Chicago, Illinois: More than $18 million in facility improvements for nine Chicago parks will be made possible through Tax Increment Financing (TIF). The financing will help the Chicago Park District to make upgrades that reinforce the parks' collective roles as community anchors. Below are allocation of TIF Funds:
    • $8.9 million to the Garfield Park, at 100 N. Central Park Ave. in the East Garfield Park to support auditorium interior renovations, electrical upgrades, and roofing and drainage improvements. Project costs will be entirely funded with TIF.
    • $0.6 million to the Douglass Park, at 1401 S. Sacramento Drive in North Lawndale for field house renovations, auditorium electrical improvements, and handicapped accessible upgrades. The cost of the project will be entirely funded with TIF.
    • $0.3 million to the Jessie Owners Park, at 8800 S. Clyde Ave. in Calumet Heights for pathway paving, lighting, and seating upgrades. The cost of the project will be entirely funded with TIF.
    • $0.8 million to the Kiwanis Park, at 3315 W. Carmen Ave. in the North Park community to stabilize the shoreline of the North Branch of the Chicago River, to remove invasive species and restore natural habitat, and to create a multi-use trail. The project will be entirely funded with TIF.
    • $2.0 million to the Legion Park, at 5501 N. Kedzie Ave. in the North Park community to stabilize the shoreline of the North Branch of the Chicago River, to remove invasive species and restore natural habitat, and to create a multi-use trail. The project, adjacent to the Northside College Prep campus, will be entirely funded with TIF.
    • $0.75 million to the River Park, at 5100 N. Francisco Ave. in Lincoln Square to support park boat house improvements. The upgrades will enhance boat storage and water access for Park District paddling program participants. Project costs will be entirely funded with TIF.
    • $3.5 million to the Ronan Park, at 3000 W. Argyle St. in Lincoln Square for community garden improvements, a new riverfront plaza, a new performance pavilion, and related landscape improvements. The cost of the project will be entirely funded with TIF.
    • $0.35 million to the Park 594, a planned pocket park at 3159 S. Halsted in Bridgeport, for fencing, paving, seating, lighting, a drinking fountain and landscaping. The cost of the project will be entirely funded with TIF.
    For additional information, please visit the City of Chicago Planning and Development website.
  • Value Capture Strategy-Tax Increment Financing (TIF): The Johnson County, Indiana approved its first tax-increment financing (TIF) district spur development in the future Interstate 69 corridor. The TIF district is drawn around State Road 37, which will become I-69, and includes select parcels on roads that connect to it. Those roads are: Stones Crossing Road, Smith Valley Road, Olive Branch Road, Mullinix Road, Fairview Road and County Line Road. TIF districts, also known as economic development areas, are created by local governments to spur growth and fund infrastructure improvements within a particular area. Money collected in TIF districts is earmarked for future projects in the confines of that district, though money may be borrowed to use in another TIF district under certain circumstances. The redevelopment commission would capture a portion of tax dollars from new structures built in the I-69 district, while the tax prior to I-69 TIF will continue to flow to the county’s general fund, Center Grove schools and the Johnson County Public Library. The district will exist for 25 years, following the issuance of the first bond with TIF dollars collected in the district.
  • Value Capture Strategy-Community Improvement District (CID): Hannibal City Council, Missouri approved an engagement letter to help establish that district on June 1, 2021. The step in the creation of a Downtown Community Improvement District which will allow the city to contract for legal services. The community improvement district would provide potential tax benefits for the city and for businesses. The goal is to improve storm water, sewer, and sidewalks along with providing a revolving loan fund and grant fund for different enterprise. The current proposed Downtown Community Improvement District boundaries include all of the downtown business district. On Main Street, it extends from the brewery on the north end to the depot on the south.

May 2021

  • Value Capture Strategy-Roadway Impact Fees: The City Council of Pilot Point City, Texas approved the Ordinance No. 446-13-2021 on May 27, 2021 establishing water, wastewater, and roadway impact fees per service unit. The effective date for collecting Impact Fees in the City of Pilot Point is May 27, 2021. Impact Fees are a way to fund new roadways, water and sewer infrastructure that are needed for growth and new development in the City of Pilot Point. The fee amount varies by land use category and water meter size. See the Impact Fee Calculator link below to see rates. For additional information, visit City of Pilot Point Website.
  • Value Capture Strategy-Community Improvement District (CID): The Belhaven, Mississippi submits petition to form Jackson's first CID. The Governor Phil Bryant signed into law legislation in Spring 2019 that allows for neighborhood associations with 501(c)(3) non-profit status to apply to become a Community Improvement District (CID). The passage of this legislation allows communities to form special assessment districts in order to enhance their neighborhoods and property values. The proposed Greater Belhaven Community Improvement District is the first step toward creating a detailed plan to improve Greater Belhaven. CID is special taxing districts, where home and business owners pay an additional property tax to fund improvements within the district. Greater Belhaven, consisting of the Belhaven and Belhaven Heights neighborhoods, is comprised of over 1700 single family and multifamily homes as well as numerous businesses. GBF began collecting signatures for the CID in October 2019. Community Improvement Districts enhance urban and suburban areas by improving safety, reducing blight, and increasing property values and job opportunities at local businesses. CIDs are special taxing districts, where home and business owners pay an additional property tax to find improvements within the district.
  • Value Capture Strategy-Tax Increment Financing (TIF): The 2021 Washington state legislature passed a TIF program and Governor Inslee signed it into law on Monday, May 10, 2021. Washington local communities have a new tool to spur economic development: tax increment financing. This funding method allows local governments to self-finance public improvements that encourage development without imposing new taxes. Until the TIF legislation, Washington communities lacked this funding source used by other states. Tax increment financing provides cities with a mechanism to construct public infrastructure to spur economic development and job growth within their jurisdiction. A city using TIF can borrow money to make improvements within a designated area, and then use the increased property values to help repay loans. TIF shares a property's appreciated value by using its increased property tax revenues to finance infrastructure improvements that benefit a designated area. Local jurisdictions that use TIF benefit from improved public infrastructure, increased economic development, and local job growth.

April 2021

  • Value Capture Strategy-Tax Increment Financing (TIF): On April 9, 2021 The Kentucky Governor signed the West End Opportunity Bill, HB 321. The bill creates a tax increment financing (TIF) district to help fund efforts to make the area better in nine West End neighborhoods: Parkland, Shawnee, Park Duvalle, Russell, Portland, California, Chickasaw, Park Hill, and Algonquin. The bipartisan legislation offers investment and economic solutions to Louisville's West End. The effort will focus on preventing gentrification, partly by freezing property taxes for those already living in the area in January of this year for the length of the plan. The legislation also outlines financial support between private and public sectors, including city and state governments.

March 2021

  • Value Capture Strategy-Special Service District (SSD): In March 16, 2021, the Atlanta City Council approved legislation creating the Special Service District that will provide approximately $100 million towards completing the Atlanta BeltLine's 22-mile multi-use trail loop. Passage of the SSD unlocks an additional $100 million in philanthropic contributions, as well as an anticipated $50 million in grants and other sources. The legislation also compliments $100 million from the BeltLine Tax Allocation District (TAD) for trail construction and other initiatives. The City of Atlanta Leadership (project Spponsor) and the Stakeholders in the Atlanta BeltLine project recognized that completion required a new mechanism for generating the necessary funds to meet targeted dates of delivery. This reality led to the efforts to create a Special Service District (SSD) to allocate adequate resources for the completion of a project that is already transforming the city and generating jobs, development, and greater equity for all. The new funding will enable $45 million in Additional affordable housing funds, $12 million in additional small business support, and up to $150 million in construction funds targeted towards minority-owned contractors. Completion of the trail corridor is expected to deliver a total economic impact of $10 billion and nearly 50,000 permanent jobs for the City of Atlanta.
  • Value Capture Strategy-Community Improvement District (CID): The Georgia Woodstock City Council approved the next step for the creation of a Community Improvement District within the city. The positive aspects of having a CID in the city are the amount of revenue such districts can generate while also making Woodstock eligible to apply for and receive grant money related to community improvement districts. The CID leverage private dollars to meet public and private needs in an efficient and effective manner.

    The Georgia Constitution authorizes CIDs in the state and enumerates their powers in Article IX, Section VII. to provide one or more of the services be provided within the CID's boundaries: Street and road construction and maintenance, including curbs, sidewalks, streetlights and devices to control the flow of traffic on streets and roads; Parks and recreational areas and facilities; Storm water and sewage collection and disposal systems; Development, storage, treatment, purification and distribution of water; Public transportation, Terminal and dock facilities and parking facilities; Such other services and facilities as may be provided for by general law.


December 2020

  • Value Capture Strategy-Street Impact Fees: The Austin City Council adopted ordinances creating a Street Impact Fees (SIF) Program on December 10, 2020 to ensure the new development pays for the construction or expansion of roadway facilities needed by and beneficial for the new development. The SIF will generate capital funding for street improvements throughout the City and provide more predictable costs for developers. The ordinances took effect December 21, 2020, however, Council provided an 18-month grace period to allow time for the development community and staff to prepare for the new program. This extension means that any new development building permit issued within 18 months of Dec. 21, 2020 will not pay a street impact fee. In addition, new developments with a transportation impact analysis (TIA) approved by the effective date of December 21, 2020 will not be subject to the impact fee for any building permit validly issued within three years of the effective date. Beginning in June 2022, developments will be charged a fee based on the adopted Collection Rates and calculated according to the standardized trip generation rates and trip length within the project's designated service areas, as authorized under Texas Local Government Code Chapter 395. For additional information, please visit the SIF website.
  • Value Capture Strategy-Sponsorships/Naming Rights: The Virginia Department of Transportation (VDOT) announced the launch of the Beautify Virginia program on December 7, 2020 to support keeping Virginia's roadways litter free. The program will be a part of VDOT's Environmental Stewardship Initiative to support keeping Virginia's roadways litter-free. Through the Beautify Virginia program, community and civic organizations, businesses, non-profit companies, and residents can sponsor litter pickups along segments of eligible highways and interstates, with an approved contractor performing the work on their behalf.

    The Elephant Insurance, a Richmond-based company is the first major sponsor of the program, with a commitment to clean up 100 miles of interstate. Organizations, large and small, can sponsor as little as one mile of litter clean-ups throughout the Commonwealth. All major highways throughout the commonwealth are part of the Beautify Virginia program. Roadside signage is placed on the right shoulder of the highway in every segment of sponsored road, facing traffic, to ensure that travelers see the segment's litter removal sponsor. VDOT operates the nation's third largest state-maintained highway system, managing and maintaining more than 57,000 miles of roadway.

November 2020

  • Value Capture Strategy-Local Improvement District (LID): On November 18, 2019, Seattle City Council passed Resolution 31915 which initiated the process to confirm Waterfront Local Improvement District (LID) assessments. The Assessment Roll Hearing was held on February 4th, 2020, was continued at later dates and times, and concluded in July 2020. The proposed final assessment roll, or the sum of all proposed final LID assessments, is $160 million plus approximately $15.5 million for financing (i.e. the costs of issuing LID Bonds and making a Guaranty Fund deposit). A LID is a funding tool governed by state law, by which property owners pay to help fund the costs of public improvements that directly benefit their property. For the Waterfront LID, property owners will contribute to a portion of the improvement costs based on the "special benefit" they will receive from those improvements. For additional Information please visit City of Seattle website.

October 2020

  • Value Capture Strategy-Roadway Impact Fees: The Midland City Council voted Tuesday August 13, 2019 to establish water, wastewater, and roadway Impact Fees to help pay for projects related to future growth. Impact Fees will not be collected on any building permit issued before October 1, 2020. For single-family home, townhouse, or duplex, Impact Fees will not be collected on any building permit issued before October 1, 2021. The ordinance, according to the city, was based on a recommendation from the Capital Improvements Advisory Committee. Impact fees are expected to help the city execute a capital improvement plan for water, wastewater and roadways that showed $575 million in improvements needed across the city. Of that, almost $215 million are attributable to the potential growth in the next 10 years
  • Value Capture Strategy-Tax Increment Financing District: A specially convened joint review board from City of Batavia, IL on Thursday October 1, 2020 approved a new 23-year tax-increment financing district redevelopment site which would include the One Washington Place. The incremental tax revenue created by the project will be used to pay bond debt for the construction of the 333-space public parking garage and to reimburse the developer for certain TIF reimbursable costs associated with the private development. The city will then make significant improvements in the TIF area. This could include street, utility, and streetscape repairs as well as land assembly for redevelopment. The City of Batavia TIFs are designed to promote redevelopment of struggling areas. When an area is experiencing declining property values, and the resulting drop in property tax revenue, they may institute a TIF. The TIF freezes the amount of tax revenue each taxing body (School District, Park District, etc) receives to that of the starting year of the TIF.

September 2020

  • Value Capture Strategy-Community Improvement District (CID): The City of Lee's Summit, Missouri on September 22, approved the Ordinance approving the Petition for establishment of the Cedar Creek Community Improvement District. (Note: First reading by City Council on September 22, 2020.). Qualified voters of the CID were asked to approve a sales and use tax of up to one percent (1.00%) ("District Sales Tax"), in accordance with the CID Act, to assist in the funding of certain improvements and services that serve the property within the District. Community Improvement District (CID) is a local special taxing district that collects revenue within its designated boundaries to pay for special public facilities, improvements or services. A CID, although approved by the local municipality, is a separate political subdivision with the power to govern itself and impose and collect special assessments, additional property and sales taxes. CIDs may also generate funds by fees, rents or charges for district property or services and through grants, gifts or donations. Additional information can be found in the Petition to the City of Lee's Summit, Missouri.
  • Value Capture Strategy-Tax Increment Financing (TIF) and Special Assessment District (SAD): The Biddeford City Council voted at their September 17, 2020 meeting to authorize the City Manager to enter into a Joint Development Agreement (JDA) with Treadwell Franklin Infrastructure Capital and James W. Sewall Company ("TFIC Sewall") to build a downtown parking garage as well as complete the next phase the City's RiverWalk. The JDA will outline the project design, costs, cost sharing provisions, revenue projections, support payments, and specific protections for the City. The Biddeford's parking garage will be the first private infrastructure financing project of its kind in the state of Maine. Under the terms of the approved proposal, TFIC Sewall will provide up-front financing to design, build, operate, and maintain a 640± space parking garage on the city-owned 3 Lincoln Street property, as well as complete the next phase of the City's RiverWalk and pedestrian connections. Projections for growth in the downtown show that an additional $16,407,604 in property taxes will be generated in the first 10 years of the garage's operation, with a benefit of $39,772,744 over the 25-year lifetime of the agreement. The project as approved will not use residential property tax dollars or raise the tax rate. Instead, the City will contribute to the project through two sources: annual payments from the City's Tax Increment Financing (TIF) revenues, which do not come from residential property taxpayers, and fee revenues collected from the operation of the parking garage and downtown surface lots.
  • Value Capture Strategy-Tax Increment Financing (TIF) Funds Transit Improvements: A pair of Chicago Transit Authority (CTA) infrastructure improvements in the Loop project would be assisted with up to $9.1 million in Tax Increment Financing (TIF).   The rehabilitation of the CTA elevated tracks at the east and west approach positions to the Lake Street Bridge over the Chicago River would be supported with $7 million in TIF financing. The work would include new rails, switch points, signal systems, and related elements. The project would be coordinated with the Chicago Department of Transportation’s (CDOT) planned replacement of the movable bridge, which carries the CTA’s Pink and Green lines. The bridge was originally constructed in 1916 and last renovated in 1995.   The improvements to the Monroe Street subway between Arcade and Marble places would be financed entirely with $2.1 million in TIF funds. The work would include the replacement of street-level vent grates, updating the emergency lighting system, and the addition of new LED tunnel lighting. The station serves approximately 2.3 million Blue Line riders annually.   Work on both projects is expected to be completed in 2022. For additional information, please visit the City of Chicago Planning and Development website
  • Value Capture Strategy-Transportation Impact Fee Study: The City of Surprise is launching a Transportation Impact Fee Study on September 4, 2020, which will determine one-time fees charged to new development to pay for the infrastructure necessary to accommodate the development. The City has experienced tremendous growth in past decades. To ensure new growth will help share its proportionately of infrastructure costs, development impact fees are necessarily collected by the cities and towns to evenly and fairly share the burden of the cost of facility capacity to serve new development. These one-time charges are assessed to new development by local governments to recover the proportional cost of facilities benefiting from new development based on specific calculations using standardized assessment schedules. The study is expected to last 10 months, with formal drafts for discussion and final revisions produced sometime after January and potential consideration and action by City Council on a Transportation Impact Fee ordinance and related fees in June 2021.
  • Value Capture Strategy-Tax Increment Financing District: The City of Sun Prairie, Wisconsin Council Approved the City’s 14th Tax Increment Finance (TIF) District on September 1st, 2020. The city anticipates roughly $19.1 million in improvements will occur as a result of the TIF. That includes sufficient enough tax increment to pay for all the project costs within 20 of the TIF’s 27 allowable years, according to the draft plan. The plan for TIF District 14 includes expenditures of $5.8 million, including $3 million for public infrastructure, $1.96 million for development incentives, $772,000 in debt service and $62,500 in for administrative, planning and legal expenses.

August 2020

  • Value Capture Strategy-Tax Increment Financing District: The City of Bend, Oregon Council meeting on August 19, 2020 resulted in adoption of the Core Area Tax Increment Finance Plan and established the Core Area Tax Increment Finance Area. The plan identifies up to $195 million in tax increment financing for projects that support the development and redevelopment of the 637-acre Core Area over a 30-year period. The Core Area identified the need for about 1,900 new housing units and about 1,700 new jobs to meet our state-mandated housing and employment goals. Revenue generated from tax increment financing (TIF) are to be invested in capital projects, such as: transportation, streetscape and utility infrastructure, affordable housing assistance, etc, Tax increment financing is not a new tax on property and does not increase the amount a property owner pays in property taxes. It is a financing mechanism used throughout Oregon to implement city plans in designated areas. Tax increment financing make investments that spur private development that would otherwise not have occurred. Revenue for a tax increment financing plan is generated by the growth in assessed property value from new development and/or redevelopment within the area. Property owners do not receive an increase in taxes from tax increment financing.

July 2020

  • Value Capture Strategy-Community Improvement District (CID): The Leavenworth city council on Monday July 28, 2020 unanimously approved a community improvement district (CID) Sales Tax locates at the Northeast corner of 4th Street and Elsenhower Road in the City of Leavenworth, Kansas. The estimated cost of the project is $1,108,787.68 plus interest accrued and borrowed money. The CID Sales Tax would be imposed on the selling of tangible personal property at retail or rendering or furnishing services within the CID at 0.40% for a period of no more than 22 years. Additional information can be found on ORDINANCE NO. 8143.

June 2020

  • Value Capture Strategy-Special Assessment/Community Improvement District (Sales Tax): On June 23, 2020 the Missouri 76 Entertainment Community Improvement District (CID) was passed by the Branson Board of Alderman. A petition to add property to the 76 Entertainment Community Improvement District (CID) was filed on Feb. 14, 2020 on behalf of certain owners of property adjacent to the CID. The purpose of the petition is to amend the boundaries and add additional property to the 76 CID to provide CID services to an expanded area of the city’s Hwy 76 entertainment corridor. It is charging a 1% sales tax on sales inside the district, that will be a component of the added property - it’s a substantial amount of real property and a substantial amount of property owners. 76 Entertainment Community Improvement District (76ECID) is a special district formed under RSMo 67.1401-67.1571 to define the improvement area and implement a 1% sales tax to fund its revitalization and upkeep. The transformation of W. 76 Country Boulevard will help ensure Branson remains a prosperous vacation destination for decades to come.

  • Value Capture Strategy-Transportation Utility Fees: In June of 2020, the City of Clintonville Common Council voted to hire Ehlers to assist with conducting a study on a Transportation Utility to determine whether it is a viable method of funding the City's transportation costs as well as establishing the fee structure, implementation and administration framework, and revenue needs. The City also created a website where residents and other stakeholders can go to get information on this process and on TUFs in general. The State has no laws regarding Transportation Utilities, nor is the specific method of funding transportation needs dictated by the State, and therefore, Home Rule Authority applies. According to the League of Wisconsin Municipalities the Transportation Utility [] it is a valid use of the Home Rule Authority that essentially provides municipalities with the legal authority to do what they believe is in the best interest of their community provided that it does not conflict with or attempt to regulate something that the State already regulates if the State has not specifically prohibited municipalities from doing it. For updated information on Transportation Utility Fees are available on the website.

May 2020

  • Value Capture Strategy-Business Improvement District: In May 18, 2020, the Mayor and City Council of Baltimore City, Maryland approved the establishment of a BID in Port Covington by enacting Ordinance 20-358. This ordinance approved both the creation of the BID district and the Management Authority that will oversee the daily operations of the BID. Legislation requires that a CID plan and funds be managed by a 501(c)(3) nonprofit, like GBF. The funds, a maximum of $6 per every $1000 of assessed value of a parcel, will be collected with property taxes yearly by the City of Jackson and disbursed to GBF. CID proceeds must be maintained separately from other GBF funds, with strict accounting, audit, and public disclosure guidelines.
  • Value Capture Strategy-Business Improvement District/Special Assessments: On May 27, 2020, the City Council of the City of Reno, Nevada approved the levy of assessments for the Downtown Reno Business Improvement District (BID) for Fiscal Year 2020/2021. The assessments are not in addition to the current BID assessments that were collected through the previous year's property tax bill. The new assessments will replace those values and will be collected as part of your new tax bill. The Downtown Reno BID will encompass a large area of the downtown bounded roughly by Interstate 80/9th Street to the north; Wells Avenue to the east; the Truckee River, California, and Moran Streets to the south; and Keystone Avenue to the west. BID formation requires petition support from property owners representing more than 50% of the assessments to be paid. Petitions are submitted to the City of Reno and the BID is formed by an ordinance of the Reno City Council

March 2020

  • Value Capture Strategy-Tax Increment Financing (TIF): On March 16, 2020, the Village of Clarendon Hills created a Tax Increment Financing (TIF) District to support public and private investment to strengthen the economic viability of Clarendon Hills' downtown business district. The downtown area, the subject of the Village's adopted Downtown Master Plan, has faced many challenges that established communities along rail lines have faced, including pedestrian and vehicle safety. In addition, it consists primarily of older single-story commercial structures that are outdated, are incompatible with current development requirements, and in many cases, do not meet current building code requirements for life safety. The Redevelopment Project Area consists of 89 parcels represented by 117 Permanent Index Numbers (PIN(s)), including adjacent rights-of-way, and encompasses approximately 30 acres (meeting the requirement of the TIF Act that the area must equal or exceed 1.5 acres). The primary land uses are mixed-use, commercial, residential, institutional, and railroad.

February 2020

  • Value Capture Strategy-Roadway Impact Fees: The city of Pflugerville is considering implementing roadway impact fees to help offset costs of future development. The City Council on Tuesday February 25, 2020 approved a contract for an engineering firm to conduct a study on the fees, which are assessed to developers for roads and other infrastructure related to infrastructure improvements in the area that is expected to grow over the next 10 years.

    Roadway impact fees are imposed by governments onto developers of new developments to help pay for city infrastructure, dependent on the size of the development and its overall impact on city roadways. Money collected through roadway impact fees can be applied to traffic infrastructure, such as traffic signals, bridges, sidewalks, roadways, thoroughfares, land-acquisition costs, surveying and engineering fees.

January 2020

  • Value Capture Strategy-Roadway Impact Fees: In January 2020, the Round Rock City Council unanimously approved a roadway impact fee to address traffic demands and the need for increased capacity on major roadways around the city as it continues to grow. The city's most recent master transportation plan identified the need for $1.2 billion in new road capacity to accommodate growth during the next 20 years. Impact fees will be phased into new residential and commercial projects when developers apply for building permits.

  • Value Capture Strategy-Special Assessment (Sales Tax): The McLeod County, Minnesota Board of Commissioners approved by resolution the establishment of a .50% Transportation Sales Tax effective January 1, 2020 and will continue until December 31, 2049 or until revenues raised are sufficient to finance the identified transportation improvements, whichever occurs first. The Minnesota Department of Revenue will administer this tax. Revenues will fund transportation projects identified in Resolution No. 19-CB-43. This 0.5 percent sales tax applies to retail sales made into McLeod County. It anticipates $1.9 million annually will help the county closie a $3 million annual funding gap from the state aid system to help maintain highways.


December 2019

  • Value Capture Strategy-Tax Increment Reinvestment Zone (TIRZ): On December 9, 2019, the city council of the City of New Braunfels, Texas approved a Tax Increment Reinvestment Zone (TIRZ) to fund a portion of the infrastructure and maintenance costs associated with redeveloping the area around the historic River Mill property. The proposed new zone would be named TIRZ #2 – River Mill Tax Increment Reinvestment Zone (TIRZ #2). The TIRZ #2 will cover approximately 71.6 acres (including roads and right of way) for a duration of 25 years. The proposed TIRZ #2 is located within the following taxing jurisdictions: City of New Braunfels, Comal County, and Comal ISD. A TIRZ is a form of Value Capture Tax Increment Finance that allows a city to capture projected increases in sales and property tax revenue created by a development within a defined area and then reinvest those funds into public improvements and projects within the zone.

October 2019

  • Value Capture Strategy-Impact Fees: On October 30, 2019, The Lakeland City, Florida Commission collaboratively approved by a 5-to-2 vote establishment of impact fees for new construction projects at largely between 50% to 75% of the consultant’s recommended rates. The majority’s stated goal was to ensure future economic growth of Lakeland continues and established impact fees for new construction projects. The objective is the growth should be to pay for itself. The impact fees are funds collected by new construction to help pay for the costs of providing these services to the new development. Impact fees are charges assessed to new homes and businesses that affect municipal services/infrastructure such as police, fire, parks and transportation. The city is currently faced with $182 deficit funding shortfall in transportation and parks because the cost associated with providing this crucial infrastructure has risen sharply over the past few decades, especially in the areas of construction and land acquisition. The calculation is based on daily trips generated, length of trips, new travel estimates, road conditions, new project demands, and other factors. Without the implementation of impact fees this deficit could grow even larger.
  • Value Capture Strategy-Tax Increment Financing Fund: Reynoldsburg City Council, Ohio on Oct. 14, 2019 unanimously approved a contract for construction of a four-way traffic signal on East Main Street near the entrance to the new Kroger store, 6600 E. Main St. The $223,585 contract is prepared, the intersection construction will begin next month, and the traffic light is expected to be operational early next year. Construction will be paid for by using funds loaned to the city by the Franklin County Infrastructure Bank, a revolving-loan fund providing below-market-rate (the carries interest rate of 1.9%) loans to municipalities for economic-development projects within the county. Reynoldsburg plans to repay the loan using Value Capture Tax Increment Financing Fund.

September 2019

  • Value Capture Strategy-Mobility Fees: On September 19, 2019, the City Council from of the Palm Beach Gardens, Florida approved the Ordinance 19, 2019 with an effective date of January 1, 2020. The city revised impact fees to include a new fee for mobility and to replace road impact fees for certain lands in the City. The City’s new Mobility Plan and Mobility Fee provided the basis to implement multi-modal principles to reduce vehicle trips, encourage use of transit and light rail, and increase pedestrian and bicycle activity throughout the City. The Mobility Fee enables the City to collect fees from developers in lieu of paying Road impact fees to the County. These mobility fees are used for multi-modal capital improvements within the City’s boundary, that were typically used for improvement outside the City limits, and within the County through standard County road impact fees.

  • Value Capture Strategy-Right-of-Way Use Agreements: The City of Hot Springs, Arkansas Board of Directors unanimously approved a largest solar municipal project on Tuesday, September 17, 2019 to provide solar electricity for all city operations. Under a 28-year energy services agreement, the City will purchase power from solar powerplants owned and operated by Scenic Hill Solar, as well as collect the leases on the land where the powerplants are built. The plants are expected to save Hot Springs more than $30 million in electricity costs over 30 years, plus add nearly $20 million of economic development.

August 2019

  • Value Capture Strategy-Roadway Impact Fees: The Midland, Texas City Council voted in August to establish a roadway impact fee. Water and wastewater impact fees were also included in the ordinance. The ordinance was based on a recommendation from the Capital Improvements Advisory Committee and will help fund improvements in the City's capital improvement plan. The capital improvement plan indicated $575 million in needed improvements nearly 38% attributable to potential growth over the next 10 years. The fees are anticipated to generate $5 to $10 million annually

  • Value Capture Strategy- Public Improvement District (PID/Special Assessments: The Fort Worth City Council adopted a resolution authorizing the Fort Worth Public Improvement District (PID) 16 (Walsh Ranch/Quail Valley) on August 20, 2019. The PID was created to finance roadway and landscaping improvements to include erosion control, storm drainage, water, wastewater, and paving. Assessments were used to finance the resolution; which property owners can pay in full or in installments.

July 2019

  • Value Capture Strategy-Tax Increment Financing District: FHWA announced that it will award a $13.01 million INFRA Grant to the South Dakota Department of Transportation for the replacement of the US 14/US 83/SD 34 Missouri River Bridge connecting Pierre and Fort Pierre. The new bridge has an estimated cost of $46.2 million and will provide four 12-foot travel lanes, 3-foot shoulders and a 12-foot pedestrian and bicycle path. The cities of Pierre and Fort Pierre have agreed to split the cost of architectural lighting and belvedere lookouts extending above the water from the pedestrian walkway. The city of Fort Pierre is leveraging the proceeds from an existing tax increment financing district to obtain a $3.0 million loan from the South Dakota State Infrastructure Bank (SIB). It will use the SIB loan to fund its portion of the aesthetic bridge elements and make improvements to local streets near the bridge, create new parking, and enhance bike trails running parallel to the river. The project also features a Memorandum of Understanding between the state DOT and the two cities capturing the spirit of the Community Connections initiative promoted in the fourth cycle of FHWA's Every Day Counts program.
  • July 25 In the summer of 2019 (07/25/2019) the St. Louis Board of Alderman passed Board Bill 83 to establish the Soulard Community Improvement District (CID). That bill was a direct result of a petition signed by the majority of property owners in the district, followed by a mail-in election in which 78% of people who voted approved the CID. It is funded by a 1% sales tax on retail in the district. Its mission is to support and improve the district for residents, businesses, and visitors. The CID is a political subdivision (similar to the Soulard Special Business District, which provides supplemental security services within its boundaries), with a maximum duration of 25 years. The CID is managed by a 7-person board, which was appointed by the Mayor, and is comprised of: (3) residential owner/occupants living within the CID, (2) commercial property or business owners within the CID, (1) Soulard Restoration Group (SRG) designee living within the CID and (1) Soulard Business Association designee within the CID. For more information, visit the Soulard Community Improvement District website.

May 2019

  • Value Capture Strategy-Transportation Reinvestment Zones: Utah passed Senate Bill 136, authorizing funding for transit and local needs, and enhancing transportation coordination, land use, and economic development. The bill created a new state transportation investment fund for transit capital projects and included a 40% match requirement to be supported by local option sales taxes for transportation. Alternative fuel vehicle registration fees increased over a three-year period and state and local preservation funding could be used for transit corridors in addition to roads. The bill authorized transportation reinvestment zones where two or more public agencies could increase property tax revenue with transportation infrastructure projects. The transportation reinvestment zones bill took effect on May 14, 2019. Senate Bill 136 also created a tax review task force to evaluate and advise officials on the use of transportation revenues.
  • Value Capture Strategy-Special Assessment/Sales Tax: Since 1990, San Bernardino County has relied on a half-cent sales tax to help fund transportation improvements in its Strategic Plan. Voters approved in 2004 extending the original Measure I sales tax into 2040. Within the Strategic Plan's Freeway Projects Program, a 2017 update included the selection of express lanes as the preferred method to upgrading and adding capacity to I-10 between the Los Angeles County line and Redlands. The first phase (Contract 1) of the I-10 Corridor Express Lanes (Contract 1) is now underway with completion of a financing package in May 2019 that includes a $225 million TIFIA loan, backed first by toll revenue from the express lanes and secured by Measure I funds as a backstop. A $135 million contribution from Measure I is also supporting the project directly.
  • Value Capture Strategy-Special Assessment/Street Maintenance: The City of Fairmont of West Virginia enacted street maintenance and police protection charges for residents and non-residents on May 14, 2019. The street maintenance charge covers improvements to the city's transportation system. Residents pay the fee on their utility bills, while non-resident employees who work within Fairmont's corporate limits pay the fee through a quarterly withholding.

April 2019

  • Value Capture Strategy-Transportation Impact Fees: The Transportation Impact Fee in Bryan County, Georgia will go into effect April 1, 2019. The County Commission established transportation impact fees for new residential construction projects and some new non-residential projects in South Bryan County. The fees covers the costs of providing transportation systems needed to support the newly developed properties. Developers who submit building plans apply for and pay the transportation impact fees when they pay building permit fees.

March 2019

  • Value Capture Strategy-Tax Increment Financing: The Lyman County, South Dakota Commissioners approved a resolution on March 19 to adopt a tax increment plan and implement the county's first tax increment district. The purpose of the district is to raise revenue to fund road and bridge repairs that accommodate increased truck traffic at the newly constructed Dakota Mill and Grain grain-loading rail terminal and agronomy center in Presho. This facility is located along the upgraded east-west Mitchell to Rapid City branch freight rail line and permits greater market access for local grain farmers by allowing the railroad and shippers to load larger rail shuttle trains. The Lyman County Shuttle Train Access Road is predominantly financed by a state loan backed by the tax increment financing revenue.
  • Value Capture Strategy-Roadway Impact Fees: On March 14, 2019 the City Council of Round Rock, Texas approved a Roadway Impact Fee ordinance that will take effect on January 1, 2020. The impact fee is intended to recover the incremental cost of new residential and commercial development on transportation infrastructure needs. The fee will be charged when plats (building permits) are issued for residential and commercial development. Per the Roadway Impact Fee Schedule, the city will charge $753 per service unit to issue residential plats and $502 per service unit for non-residential plats. These fees will increase to $1,130 and $628, respectively, on January 1, 2022, and then to $1,507 and $753 on January 1, 2024. A typical single-family home is considered to contain roughly four service units. The fee will provide funding to help support the implementation of $1.2 billion in roadway projects that will be needed to serve Round Rock's ultimate population of 250,000 people. These improvements are detailed in a Transportation Master Plan Update adopted in October 2017.
  • Value Capture Strategy-Transportation Utility Fees: The Coos Bay City Council of State of Oregon established a transportation utility fee in March 2019 as a means generating revenue to fund road maintenance. The city currently funds road maintenance through a state collected gas tax which have been stagnant. The dedicated fee is to repair and maintenance projects along city streets. To cover the charge, residents pay a flat fee of $10 monthly while businesses pay $20 each month.

February 2019

  • Value Capture Strategy-Public Improvement District/Special Assessments: In February 2019, the Fort Worth City Council approved its 20th Public Improvement District to improve a five-mile stretch of East Lancaster Avenue between East Loop 820 and Riverside Drive. It was intended to provide security services and other crime prevention deterrents like cameras and lighting to all commercial properties within the district. Improvements will be funded through a 10-year property tax that requires property owners to pay an annual assessment of $.27 per $100 of assessed value.

January 2019

  • Value Capture Strategy- Right-of-Way Use Agreements: On January 28, 2019, the City Council from the Redwood City approved the modification to regulation of Wireless Facilities in the public rights-of-way and the resolution establishing aesthetic standards for Wireless Facilities in the public Rights-of-Way Ordinance. Wireless Facilities are the antennas, support structures and other equipment or apparatus necessary for providing wireless services and information services. With the City properties, including thousands of light poles and privately-owned infrastructure, telecommunication service providers are able to locate their equipment in many areas of the City. With regards to municipal infrastructure, the City desires to assist companies in locating City-owned property sites that will help bring better service to the City. All utility companies who wish to operate within the City must also enter into an Encroachment or Right-of-Way Use Agreement prior to acceptance of encroachment permit application.
  • Value Capture Strategy-Community Improvement District/Special Assessments: On January 16, 2019, the Century Gardens Community Development District issued $1,733,000 in Special Assessment Bonds. The "Series 2019" bonds were issued in four tranches maturing in 2024, 2029, 2039 and 2049. The bonds will be repaid from an annual special assessment fee levied on 86 townhome units built in a 9.84-acre Expansion Area within the Century Gardens Community Development District. The Special Assessment Bonds will be used to cover a portion of the cost for roadway improvements and a stormwater management system. The interior roadway system improvements in the Expansion Area have been constructed by the Developer and will be acquired by the District. The District will own the roadway system in the Expansion Area and the Homeowners Association will operate and maintain it. The $1,733,000 bond issue produced $1,425,749 in usable construction funds. The remaining $307,251 covers the cost of issuance, debt service reserve fund, and capitalized interest. All property owners within the District are subject to annual assessments covering debt service on the bonds and the operation and management of the District-owned improvements.
  • Value Capture Strategy-Transportation Utility Fees: In 2019, the City of Abilene began collecting a maintenance fee to manage and care for its streets. Planned repairs included micro-surfacing, asphalt resurfacing, and concrete improvements to work zones and roads. To fund the projects, the fee was collected from utility customers living within city limits, per a monthly municipal account statement.
  • Value Capture Strategy-Roadway Maintenance Fees: In 2019, the City of Hamilton, Texas established a roadway maintenance fee to help improve the city transportation system. The fee covers costs associated with the operation, administration, planning, engineering, development, inspection, repair, renewal, replacement, and reconstruction of the public street system. Commercial and residential utility customers within the city limits pay the fee as part of their monthly bill.
  • Value Capture Strategy-Transportation Utility Fees: In December 2018, the Sulphur Springs, Texas City Council established a 10-year street maintenance fee to ensure the quality and safety of the city's transportation system. The fee was added to utility bills beginning on January 1, 2019. The fee covers the costs of inspections, repairs, improvements, and reconstruction projects along city streets, bridges, sidewalks, and storm sewer drainage systems. Residential and commercial utility customers within the city limits are responsible for paying the monthly charge.


December 2018

  • Value Capture Strategy-Sales Tax District: In November 2016, voters approved an increase in the Central Puget Sound Regional Transit Authority (Sound Transit) portion of the sales tax from 0.9 percent to 1.4 percent. This sales tax applies to the Sound Transit District, which includes the most populated areas of King, Pierce, and Snohomish Counties in the Seattle region. Sound Transit build and operates regional transit services including light rail, commuter rail, express bus, and planned bud rapid transit. In December 2018, the Lynnwood Link Extension project secured a $658 million TIFIA loan backed by a pledge of sales tax revenue. The project will extend the existing Link light rail transit system 8.5 miles from Northgate Transit Center in Seattle north to Shoreline in King County and on to Mountlake Terrace and Lynnwood in Snohomish County.

November 2018

  • Value Capture Strategy-Impact Fees: The City of Portland, Maine enacted an impact fee ordinance in November 19, 2018, effective December 19. The impact fees apply to new development's effects on transportation, wastewater, parks, and recreation infrastructure. The impact fees largely replaced the existing practice of assessing project mitigation on a case-by-case basis. This method is more equitable because the charges are assessed incrementally by development and not levied on a single project deemed to trigger the need for additional infrastructure. Impact fees have been available to municipalities in the state since 1989, and the City of Portland now follows at least eight other municipalities in enacting impact fees. The system is the result of a recommendation within Portland's Plan 2030, the city's comprehensive plan adopted in 2017, and a subsequent year-long consultant study.

August 2018

  • Value Capture Strategy- Public Improvement District/Special Assessments: In August 2018, the Fort Worth City Council approved a new Public Improvement District (PID) that included 239 acres of commercial properties along Camp Bowie Boulevard. The PID runs from Montgomery Street on the east to Irene Street on the west, and along West Seventh Street from University Drive to Montgomery. The PID was created to ensure the entire corridor continues to be economically successful by providing commercial services, local shopping, and neighborhood services. Improvements include landscaping, promotional signs and banners, capital improvements, communication programs, cooperative programs, and litter abatement. Total costs are estimated at $605,000 and are repaid from property assessments.

May 2018

  • Value Capture Strategy-Special Assessments: Tyrone Township, Michigan approved a special assessment to fund the Lake Shannon Road Improvement Project. A 10-year special real estate tax assessment on the owners of 291 parcels in the special assessment district will support the issuance of bonds to pay for the repaving of local roadways within the district. The special assessment will be used to make annual payments over 10 years beginning in December 2018.