SCORECARD
Impact Fees
How do we compare?
What are "Impact Fees"?
- "Impact Fees" are the charges jurisdictions
make for roads, water, wastewater, schools, etc. that
are charged to new developments to fund capital
improvements needed to serve new growth.
- The land use impact fees included in this national
survey included, single-family detached, multi-family,
retail, office and industrial developments.
National Average Fees by Type and Land
Use, 2007
Facility Type
| Single-Family (Unit) | Multi-
Family (Unit) | Retail (1000 sf)
| Office (1000 sf) | Indust. (1000 sf)
|
Roads | $2,867 |
$1,922 | $5,150 |
$3,192 | $1,936 |
Water | $3,232 |
$1,619 | $654 | $630 |
$631 |
Wastewater | $2,885 |
$1,696 | $671 | $637 |
$685 |
Drainage | $1,360 |
$746 | $916 | $723 |
$904 |
Parks | $2,497 |
$1,917 | NA | NA |
NA |
Library | $378 |
$284 | NA | NA |
NA |
Fire | $418 | $316 |
$368 | $314 | $214 |
Police | $355 |
$270 | $515 | $315 |
$209 |
General
Gov't | $1,118 | $867 |
$568 | $534 | $546 |
Schools | $4,463 |
$2,430 | NA | NA |
NA |
Source: National Impact Fee Survey, August 2007
Note: NA - Parks, Library & School fees are rarely
charged to non-residential uses.
Average Utah Fees by Type and Land Use,
2007
Facility Type
| Single-Family (Unit) | Multi-
Family (Unit) | Retail (1000 sf)
| Office (1000 sf) | Indust. (1000 sf)
|
Total | $6,610 |
$4,085 | $3,332 |
$1,918 | $1,590 |
Roads | $1,245 |
$967 | $2,950 | $1,317 |
$970 |
Water | $1,509 |
$862 | $243 | $243 |
$243 |
Wastewater | $738 |
$878 | $183 | $183 |
$183 |
Drainage | $670 |
$434 | $517 | $383 |
$495 |
Parks | $2,119 |
$1,788 | $78 | $49 |
$31 |
Library | $- |
$-
| NA | NA | NA |
Fire | $79 | $158 |
$300 | $265 | $77 |
Police | $106 |
$78 | $171 | $115 |
$85 |
General Gov't | $- |
$- | - | - |
- |
Schools | $- |
$-
| NA | NA | NA |
Source: National Impact Fee Survey, August 2007
Note: NA - Parks, Library & School fees are rarely
charged to non-residential uses.
Question? If Utah had a School Impact Fee
would
we be having the same "split the district" and "East vs
West" discussion we are having now? The
proposed "West Bench" housing development would
be providing $1.4B for new school
construction.
Next Week: Utah Sample City Fees by Type
and Land Use,
2007
Talking with the Receptionist, Pausing
When You Speak and Other Secrets of Leadership
Success
- Several years ago, while visiting a regional
branch of Lee Hecht Harrison, a global career
management services company, then-president
Stephen Harrison was stopped short by "Ray," his
chief operating officer. "You didn't greet the
receptionist," said Ray, who proceeded to show
Harrison how to do what he called the "two minute
schmooze." Introducing himself, Ray inquired about
the receptionist's commute and impressions of the
company.
- Ray explained to Harrison: "A receptionist is a
corporate concierge. They will talk to more important
people in a day - suppliers, customers, even CEOs -
than you will talk to all year."
- Enron-level scandals are not averted by talking to
the receptionist alone, but Harrison, speaking at the
recent 11th annual Wharton Leadership Conference,
contended that small acts like this are part of what
makes for an ethical corporate culture. And culture,
not "heavy handed legislation" like the 2002 Sarbanes-
Oxley Act, is a key safeguard against moral lapses, he
said in his talk.
Executive Pomposity
- For Harrison, even the word "ethics" itself seems
too abstract; he replaces it with what he sees as a
more intuitive, common-sense word: decency.
- "Decency is not just about being nice," noted
Harrison, author of The Manager's Book of Decencies.
Rather, it is about creating a "bubble wrap" of good
deeds that will protect a company in hard times. "Our
willingness to be decent at work cannot depend on
whether business is up or whether we're in a bad
mood or whether it's raining. Decencies don't amount
to anything unless we take the trouble to make them
come alive through concrete acts in all kinds of
weather."
- For those at the top, this can mean such actions
as being the first to volunteer for ethics training;
honoring those with unglamorous jobs, like office
cleaning; and listening to people at all levels of the
organization. He pointed to the example of Herb
Baum, former CEO of Dial, who used to host "Hot
Dogs with Herb" on the factory floor, where he invited
employees to talk with him about anything on their
minds.
- Being accessible is as important as being
humble, said Harrison. "Remember Ed Koch?" The
former mayor of New York, in his second year in office,
drove from borough to borough, asking people, "How
am I doing?" "He went from being well-liked to well-
loved." Harrison also recalled meeting up one night
with a long-lost college roommate, Ruben Mark,
chairman and CEO of Colgate Palmolive. Over a
Japanese dinner, Harrison asked him how he
explained his success. "He leaned across the table
and said, 'That's easy. I make absolutely sure nothing
creative or important is ever identified as my idea,'"
said Harrison. "Now that's humility."
- He also counseled executives to avoid the trap
of "executive pomposity." He first heard that term in a
1967 speech from the CEO of Technico, who spoke
specifically about executive "telephone pomposity."
Said Harrison: "I have answered my own phone since
then."
- Being generous with praise and recognition will
earn leaders what Harrison calls "psychic income."
He gave the example of the chairman and CEO of
Campbell Soup who "at the end of every day gathers
his people to hear about neat stuff done that day and
then handwrites thank-you notes to the people who
did it. If you go around Campbell Soup, all over the
world, you will find those notes framed."
- A key test of a leader's sensitivity comes at layoff
time. While Western companies, and particularly
American companies, have come to accept the reality
of the need for layoffs, "what they should not come to
terms with is a downsizing episode that is anything
but sensitive, well thought out and has preserving
personal dignity as the highest priority," Harrison said.
- Immediately after layoffs take place, for example, a
leader should be "very visible and accessible," ready
to answer questions, reduce anxieties and even
assuage the guilt of those who survive the layoffs. "It
takes courage to put your chest out, shoulders back,
and be there to deal with this. It's a decency, and
people will appreciate it."
- At the end of the day, said Harrison, the words of
poet Maya Angelou ring true: "People will forget what
you said, they will even forget what you did, but they
will never forget what you made them feel."
- Source: The Wharton School of the University of
Pennsylvania
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Greetings!
- Impact Fees
- National survey
- How
Much?
- For What?
- Economic notes
- This weeks leads
Bob Springmeyer
Bonneville Research
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Appeals court approves Whole Foods deal |
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A federal appeals court denied the Federal Trade
Commission's request to delay the Whole Foods and
Wild Oats merger, saying that the agency raised
questions about the deal but didn't prove that the
decision to allow the merger should be overturned.
Source: Wall Street Journal, 2007
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Economic Notes: |
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- International Business Confidence
- Business sentiment is now as low as it has been
since the invasion of Iraq in early 2003, and is close to
levels consistent with recession. Confidence is down
most in Europe, but has fallen sharply across the
globe. Businesses are very worried about sales, and
say they are scaling back their hiring and investment
plans. Expectations regarding the six-month outlook
are holding up better, suggesting that confidence
could quickly revive if financial markets soon stabilize.
The Federal Reserve has latitude to aggressively
ease monetary policy as pricing pressures have
vanished.
- The Conference Board Leading
Indicators
- The Conference Board index of leading indicators
rose 0.4% in July, following an unrevised 0.3% decline
in June. An increase in consumer expectations and
longer delivery times in manufacturing were the main
reasons for the sharp rebound in the index. A decline
in building permits held back an even bigger advance
in July.
- Jobless Claims
- Initial jobless claims declined by 2,000 to
322,000, remaining within the range of
expectations.
- MBA Mortgage Applications Survey
- Mortgage demand decreased 5.5% in the week
ending August 17. Purchase applications decreased
5.0% and refinance applications decreased 6.4%.
Applications dropped after two weeks of gains. All
other indicators of housing activity suggest the bottom
in the market has not yet been reached, so that
application activity is more about the shifting out of
onerous financing than a leading indicator of the
overall housing cycle.
- Chain Store Sales
- Chain store sales rose 0.2% in the week ending
August 18. Year-over-year growth improved to 2.7%.
Several factors, including a non-comparable sales tax
holiday in Texas, favorable weather, and low gasoline
prices, supported sales in the week.
- Oil and Gas Inventories
- Crude oil inventories rose by 1.9 million barrels for
the week ending August 17, according to the Energy
Information Administration, well above expectations of
a 2.8 million barrel draw. Gasoline inventories fell
dramatically by 5.7 million barrels, dwarfing
expectations of a modest draw. Refinery activity inched
lower to 91.6% from 91.8% a week earlier. Distillate
supplies rose by 1.3 million barrels, above
expectations. This report will exert downward
pressure on oil prices.
- Weekly Natural Gas Storage Report
- Underground storage of natural gas increased by
23 billion cubic feet during the week ending July 17.
Underground natural gas inventories currently stand
12.8% above the five-year average. This report is likely
to exert slightly bullish pressure on natural gas prices.
Source: Economy.com
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This Weeks Leads |
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- Hot Topic & Torrid
- Hot Topic, Inc. trades as Hot Topic at 695
locations nationwide and throughout Puerto Rico.
- The stores, selling apparel, accessories, gifts and
music targeted to teenagers, occupy spaces of 1,500
sq.ft. to 1,800 sq.ft. in lifestyle centers and malls.
- Plans call for 15 openings throughout the existing
markets during the coming 18 months.
- Typical
leases run 10 years with options.
- The company
also trades as Torrid at 134 locations nationwide and
throughout Puerto Rico.
- The stores, selling
apparel, lingerie, shoes and accessories targeted to
plus-sized women aged 15 to 29, occupy spaces of
2,300 sq.ft. to 2,500 sq.ft. in lifestyle centers and
malls.
- Plans call for 40 openings nationwide
during the coming 18 months.
- Typical leases run
10 years.
- For more information, contact
- John Neppl,
- Hot Topic, Inc.,
- 180305 East
San Jose Avenue,
- City of Industry, CA.
- Web
site: www.hottopic.com.
- Cheeburger Cheeburger
- Cheeburger Cheeburger Restaurants, Inc. trades
as Cheeburger Cheeburger at 66 locations
throughout AL, AR, CA, CO, FL, GA, MD, MO, NC, NJ,
NY, PA, TN, TX and VA.
- The restaurants occupy
spaces of 2,400 sq.ft. to 3,000 sq.ft. in lifestyle, power,
specialty and strip centers.
- Plans call for 30 to 35
openings throughout the existing markets during the
coming 18 months.
- A vanilla shell and specific
improvements are required.
- Preferred cotenants
include Panera Bread, Pei Wei and Target.
-
Preferred demographics include a population of
100,000 within five miles.
- Major competitors
include Five Guys Famous Burgers and Fries,
- Red
Robin and
- Johnny Rockets.
- For more
information,
- contact Mike Santel,
- Cheeburger Cheeburger Restaurants, Inc.,
- 7364 West Rancho Drive,
- Glendale, AZ 85303;
- Web site: www.cheeburger.com.
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BONNEVILLE RESEARCH - People, Passion & Pride |
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Successful client work requires a superior team of
outstanding people working fluidly together.
Bonneville Research is committed to excellence.
We work to help clients achieve enduring results
and improve the communities in which we live.
BONNEVILLE RESEARCH
Bonneville Research is a Utah-based consulting
firm providing economic, financial, market and policy
research to public and private sector clients
throughout the intermountain west.
Our services include:
- Financial Analysis
- Urban Renewal & Redevelopment
Analysis and Budgets
- Strategy and Policy Analysis
- Economic and Fiscal Impact Analysis
- Statistical and Survey Research
Each of our studies is tailored to address the
unique needs of our clients and their communities.
If we can help, please call or email us at
- Bob
- 801-364-5300
- BobSpring@BonnevilleResearch.com
- Jon
- 801-746-5706
-
JonSpring@BonnevilleResearch.com
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