City Council Briefing on Creating a Neighborhood SSD For:

Transcription

1 City Council Briefing on Creating a Neighborhood SSD For: Buchanan Creek August 20, 2013 DCM Dave Hansen 1

2 Legal Considerations VA Code Authorizes SSDs for navigation Minimum of 51% property owner approval Formal adoption by City Council Council Established 80% property owner approval 2

3 Virginia Beach Program Individual neighborhood SSD Projects specific scopes Standard frequency (3 cycles, 16 years) Includes City funded Spur Channel (early appropriations allow for 1 st dredging in year 2) Cost sharing (3 sources) Those who receive the benefit help pay for the project City management of effort formulation, funding, design, permitting, construction, maintenance Viable solution to reclaim navigation & improve water quality Establishes a reasonable timeline with visible results 3

4 Dredging Cycles Initial dredging: 2 years after SSD adoption Projected cycle: 7 years 2 nd cycle anticipated at 70% of initial volume 3 rd cycle anticipated at 50% of initial volume 1 st Dredging 2 nd Dredging 3 rd Dredging Year

5 Financing Strategy Project Parameters Neighborhood channel funded by SSD City cost share s by funding spur channel Individual funding of turn basins City management of project Economies of scale Defined schedule Sunset duration 3 Funding Sources 5

6 Project Format Mechanical Dredging Utilizes Thalia Dredged Material Transfer Station Deposition at City Disposal Area: transports material to the Whitehurst Dredge Material Management Area (DMMA) 6

7 Neighborhoods In Play 1. Old Donation Creek 2. Bayville Creek 3. Shadowlawn 4. Chesopeian Colony 5. Harbour Point 6. Thoroughgood Cove 7. Middle Plantation Gills Cove 8. Buchanan Creek 9. Hurds Cove 10. Thoroughgood (2) 11. Witchduck (2) 12. Witchduck Cove 13. Baycliff 14. Robin Hood Forest 7

8 Neighborhoods In Play THOROUGHGOOD COVE MIDDLE PLANTATION GILLS COVE BAYCLIFF WITCHDUCK WITCHDUCK COVE CHESOPEIAN COLONY HURDS COVE SHADOWLAWN BUCHANAN CREEK HARBOUR POINT 8

9 Buchanan Creek Kings Grant Thalia Birchwood Malibu Number of Properties = 259 Length of SSD Channel = 29,671ft or 5.6 Miles 9

10 Buchanan Creek Life Cycle Estimated SSD Costs Cycle Volume Cost 1 75,055 CY $2,774, ,538 CY $2,673, ,5527 CY $2,757, ,121 CY $8,134,366 (City portion = $527,168) (includes 5% cost escalation) ($30.14, $42.40, $59.67) 10

11 Buchanan Creek Appropriations Schedule Cycle Year Design Construction 1 1 $462,300 2 $2,312, $445,500 9 $2,227, $447, $2,239,000 Total $1,355,600 $6,778,800 Neighborhood SSD Channels Only = $8,134,400 11

12 Buchanan Creek SSD Data Total SSD assessed value: $121,506,700 Between 250 and 280 properties in the SSD district Each penny surcharge raises $12,507/year Estimated SSD rate covers costs for 16 year life: Between 40 & 43 /$100 of the FY14 assessed value Example: At a rate of 41.8 a $300,000 property contributes $1,254/year (an additional $105/month) Review rate at end of every 4 th year 12

13 Current Participation Survey Buchanan Creek Current Interest Status Current # of Properties = 280 Results of Latest Survey # Of Properties YES NO NO CONTACT Percentage 1 Percentage 2 Thalia % 72.2% Malibu/Birchwood % 79.3% Kings Grant % 87.8% Totals = % 78.0% 1. Percentage is calculated between the YES votes divided by the # of Properties. 2. Percentage is calculated between the YES votes plus 1/2 of the No Contact votes divided by the # of properties. Alternative 1 # of Properties = Results of Latest Survey # Of Properties YES NO NO CONTACT Percentage 2 Percentage 3 Thalia % 77.7% Malibu/Birchwood % 90.6% Kings Grant % 87.8% Totals = % 82.8% 1. Alternative 1 removes MB37 to MB45 from the over all survey. 2. Percentage is calculated between the YES votes divided by the # of Properties. 3. Percentage is calculated between the YES votes plus 1/2 of the No Contact votes divided by the # of properties. 13

14 Staff Recommendations Approve staff to continue working with Buchanan Creek Refine dredging specifics quantities, costs and participants Determine extent of potential mitigation Validate willingness to reach 80% Execute documentation Willingness Petitions Schedule Public hearing Draft City Ordinance establishing SSD 14

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