COUNTY OF ALBEMARLE

 

EXECUTIVE SUMMARY

 

 

AGENDA TITLE:

Proffer Management FY09 Fourth Quarter Cash and Non-Cash Proffer Report

 

 

SUBJECT/PROPOSAL/REQUEST:

Report of cash proffer revenue, expenditures for April – June of 2009 and status update of non-cash proffers

 

 

STAFF CONTACT(S):

Messrs. Tucker, Foley, Davis, Graham and Higgins; and Ms. McCulley and Ms. Baldwin

 

 

LEGAL REVIEW:  

 

AGENDA DATE:

September 2, 2009

 

ACTION:                INFORMATION:   

 

CONSENT AGENDA:

  ACTION:              INFORMATION:  X

 

 

ATTACHMENTS:   Yes

 

 

REVIEWED BY:

 

 

BACKGROUND:

This report includes cash proffer activity for the months of April through June of 2009 (4th quarter of FY 09).  At the Board’s directive, this report also includes an update of certain non-cash proffer activity by category.  Staff presently tracks 44 different proffer categories; many of these are used to alert staff of proffer requirements during the review of a plan or permit and do not involve public improvements (see Attachment A).  Staff has identified six (6) major non-cash proffer categories that do involve direct public improvements or land dedications.  These categories are:  (A) Affordable Housing, (B) Parks, Recreation and Open Space, (C) Fire, Rescue and Public Safety, (D) Roads or other Transportation Improvements, (E) Schools and (F) Land Dedications (in general).  Additionally, this report contains an update of all future obligations within the aforementioned categories.  These categories, as well as many others have recently been updated from 1990 to the present. Although this initial enhanced report contains historical data regarding non-cash proffers spanning the past 20 years, future reports will provide updates specific to the reporting quarter. 

 

 

STRATEGIC PLAN:

Goal 3:  Develop Infrastructure Improvements to Address the County’s Growing Needs.

Goal 5:  Fund the County’s Future Needs.

 

 

DISCUSSION:

 

CASH PROFFERS

A.         Proffered:  No rezonings were approved this quarter.

B.         Total Obligated Cash Proffers:  Since no rezonings were approved this quarter, the total obligated cash proffer amount remains the same as the prior three quarters $56,758,832.

C.         Revenue:  The County received $1,000 in cash proffers from Belvedere (ZMA 2004-7).  The money is designated for affordable housing.

D.         Total Interest Earnings:  The total interest earned from collected proffers is $314,729.

E.         Expenditures:  During the third quarter, $7,000 collected from the Westhall rezoning was allocated to the Crozet Block Master Plan.

F.         Current Available Funds:  As of June, there is $989,549 available in collected cash proffers (see Attachment B).

 

NON-CASH PROFFERS

The categories and corresponding data represented below DO NOT include improvements and programs made through the use of cash proffers.  For example, this non-cash proffer report would not identify the fact that $300,000 received from a North Pointe proffer was used to provide an average of $13,350 in down payment assistance for twenty-three eligible homebuyers.  Additionally, proffered road improvements do not include what the County would normally require as part of any by-right subdivision plat or site plan.    

 

 

NON-CASH PROFFERS BY CATEGORY

PROFFERED TO-DATE

RECEIVED (FROM 1990-PRESENT)

A.  Affordable Housing

Over 1600 dwelling units*

16 dwelling units

B.  Parks, Recreation & Open Space

32 greenways

4 park sites

15 greenways totaling 5.9 acres

C.  Fire, Rescue & Public Safety

2 fire station sites

2 fire station sites totaling 11 acres

D.  Roads and Other Transportation Improvements

38 Intersection Improvements

16 Mass Transit Improvements

76 Road Widening/New Roads

19 Intersection Improvements

5 Mass Transit Improvements

28 Road Widening/New Roads

E.  Schools

2 schools sites**

 

F.  Other Land Dedications

1 library site

1 site for public facilities

1 site for public facilities totaling 5 acres

                                                                                    * Based on maximum build-out.

                                                                                    **The North Point school site can also be used as a park.

 

 

BUDGET IMPACT:

Both cash and non-cash proffers continue to provide a positive impact to the budget.

 

 

RECOMMENDATIONS:

In addition to the standard quarterly update of cash proffers, this report now provides information (in six major categories) about non-cash proffers from 1990 to the present.  Future reports will provide cash and non-cash updates based on the reporting quarter.  

 

 

ATTACHMENTS

Attachment A – List of Proffer Categories

Attachment B – Quarterly Cash Proffer Report

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