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Urban EconomicsFinancial Analysis and Financing PlansPublic financing plans are a way to evaluate and plan for the financing of the infrastructure and public services needed to serve a specific large area. Typically, these areas have multiple land uses, parcels, and developers. Brion & Associates assists cities and counties in developing a method of funding infrastructure and preparing cost allocation models that assign costs based on the particular demands of each land use. We also prepare detailed cash flow analyses, comparing the timing of the needed infrastructure with the expected development. Often there is a mismatch in the early years of a project when more infrastructure is needed up front than development can support. Brion & Associates develops cost sharing methods and approaches to deal with this issue as well as the implementation of financing plans, and reimbursement agreements. Much of this work also relates to Development Agreements for large projects. We provide technical support for these efforts as well. Harter Specific Plan Financing Plan Brion & Associates prepared a detailed public financing plan, infrastructure phasing plan, and cash flow analysis for a 180-acre mixed-use specific plan on the west side of Yuba City. Brion & Associates worked with both the city and the master developer to define a public financing plan that met city requirements, addressed issues of feasibility, and was based on a fair-share cost allocation of infrastructure costs to all land uses. By reframing the basic approach and bringing opposing parties onto the same page, we created a collaborative approach to balance resources and constraints. Developers came to understand the need to upfront some infrastructure costs; in turn, the developers will receive credits against the citywide impact fee program. Recently, Brion & Associates was retained by Yuba City to help implement the Harter Financing Plan, including reconciling the development of the plan’s first phase, which is anchored by a big box shopping center with a Wal-Mart. During this time the city also updated its citywide impact fee nexus studies and significantly increased citywide fees. As part of our implementation task, we assisted the city and developers in negotiating a “fee credit” program that ensured that plan developers were not paying twice for improvements. We also updated the Financing Plan to include new cost estimates for infrastructure, revised improvement requirements, and developed the new Harter Area Plan Impact Fee. We also developed a reimbursement model and tracking system. Home | Firm | Urban Economics | Childcare & Policy | Our Clients joanne@brionassociates.com ~ Phone (707) 570-1477 |
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