Private Funding for Roads
American Planning Association, Planning Advisory Service, 1990 - Architecture - 28 pages
The dearth of public funds for new highways has forced local governments to pursue private funding for road construction. This report defines and discusses four popular financing mechanisms: development agreements, traffic impact fees, special assessment districts, and private-sector initatives such as toll roads. For each financing method, it addresses issues of legality, implementation, and administration and looks at possible pros and cons. Includes appendices that outline sample acts and ordinances for impact fees and development agreements.
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Special Assessment Districts
Appendix B Development Agreement Ordinance
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ad valorem taxes adopted amount approval assessment of fiscal benefit body of local bonds building permit cal government capital improvements City collector roads comprehensive or master construction County credits devel development agree development agreement Dulles Toll Road enabling legislation ernment established facilities and services Farmers Branch fee schedule feepayer fiscal impact governing body government administrator highway impact fee ordinance impact fee system implementation individual assessment insert name insert number insert statutory authority insert title issuance land development activity land-use levied and collected master plan means name of governing needs negotiated opment pact fees paid payment percent private funding private sector property owners proposed development provements public hearing purpose pursuant to insert requirements right-of-way road improvements SECTION sessment district special assessment district special districts specified suant tion toll transportation facilities transportation impact fees Travis County trict types of public Upper Merion Township value capture velopment zoning