DATE: August 1, 2017
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Vernon Gerth, Assistant City Administrator for Community and Economic Development
Mark Hilty, Assistant City Administrator for Public Works
Lisa Clayton, Parks Department Director
SUBJECT:
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Continuation of Overview Of The Purpose And Methodology Associated With Revising The City's Parkland Impact Fee Ordinance; The Formal Ordinance To Be Presented At Future Meeting. (08/22/17 WS)
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Purpose
The purpose of this memorandum is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) regarding proposed changes to the City's current Parkland Impact Fee ordinance by highlighting both the short-comings of the current ordinance and the benefits associated with adopting a revised ordinance.
Background
The City's current Zoning Ordinance became effective on July 1, 2008 and Section 5.5.4 provides the procedures and requirements for the Dedication of Public Land for Parks and Greenways. This ordinance also provides the option for developers to pay fees-in-lieu of dedicating parkland. The formula is based on the current appraised value of the land to be dedicated or, on the average land value of the land within the quadrant where new development is located, whichever is less. While this ordinance has allowed the City to collect over four million dollars since 2008, the ordinance fails to include the cost of the physical improvements associated with developing parks and greenways. Equally important, the current ordinance does not incentivize developers to include parklike amenities into proposed residential development.
During the summer of 2015 City staff, with help from the consulting firm of Barge, Waggoner, Summer, and Cannon (BWSC) commenced work on a 10-year Master Park Plan. This plan was eventually adopted in February of 2016. During the process of preparing the Master Park Plan BWSC helped assess the legality, equableness...
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