1. Economic Benefits of DRGR Land Use Change July 2014

3. Original DRGR Purpose Areas that provide significant recharge Wellfield Development Public Uses, Non-Profit Recreation, Essential Services Maximum Density – one dwelling unit per 10 gross acres

4. “What is already out there?” BSU Water Reclamation Plant BSU Operations Center Headquarters Bonita Springs YMCA Bonita Springs Soccer Fields Bonita Springs Fire and Rescue Headquarters

5. “What is already out there?” Bonita Springs Future Charter High School 40 Acre Middle/Elementary School Site 2,000 existing homes 1,000 acres of conservation lands 2,000 acres of vacant, developable lands

6. Efficiencies of Services- Specific Benefits City Government Services Parks, Recreation, Library Water and Sewer – BSU Fire and EMS – BSFR Additional tax dollars for Old 41 Redevelopment

7. Other Benefits Drainage, flow ways, water quality solutions, including new funding mechanisms Environmental solutions, with new funding Design standards to provide for quality, environmentally sound new development

8. Other Benefits Tax base increase of this area from 1% currently, to 25%, or more, of added property taxes New sources of revenue to solve infrastructure problems - MSTU, impact fees Roadway funding help – especially for East Terry Street and Bonita Grande widening New jobs in construction and services for several years to come

9. Property Tax Analysis Bonita Springs Fort Myers Bonita Springs % Taxable Value (2013) $6,810,794,001$3,685,321,09384% Higher City & Fire Millage 3.19788.776064% Lower Total Millage (2013) 16.273521.851726% Lower SOURCE Lee County Property Appraiser

10. What Does This Tell Us? Bonita Springs has a solid tax base, due to relatively high residential prices in the city-planned communities, beach area. This allows the city to maintain a very low tax rate What Does This Tell Us?

11. 2013 Bonita Springs Tax Millage Rates Rate Lee Co General Revenue4.1506 Public Schools7.598 City of Bonita Springs0.8173 Lee Co Library Dist0.5956 SFWMD0.411 Bonita Springs Fire District2.3805 Lee Co Hyacinth, Mosquito, West Coast Inland Navigation Districts 0.3205 Total16.2735

12. City Millage is only 5% of total Ad Valorem

13. Bonita DRGR Taxable Impact Land Area8.28 Sq Mi (5,300 +/- Ac) Percentage of City Area21.5% 2011 Current Assessed Value$100,000,000 (Approx.) Percentage of City Tax Base1.5% SOURCE Lee County Property Appraiser (2011 Data)

14. Imperial District Add-on Tax Millage 0.55 mils (MTSU) 65% to City of Bonita Springs 35% to CREW/Environmental Lands Source: 2013 Barraco Report

15. Bonita Springs DRGR Tax Revenues with $1.5 Billion Add’l Tax Base Rate Add’l Taxes/Yr Lee Co General Revenue3.6506$5,475,900 Public Schools7.584$11,376,000 City of Bonita Springs0.8173$1,225,950 Lee Co Library Dist0.3541$531,150 Lee Co Preservation Lands0.5000$750,000 SFWMD0.4289$643,350 Bonita Springs Fire District2.2353$3,352,950 Lee Co Hyacinth, Mosquito, West Coast Inland Navigation Districts 0.2992$448,800 Total15.8694$23,804,100 Imperial District Add-on0.55$825,000 Total$24,629,100

16. Bonita Springs DRGR Tax Revenues with $1.5 Billion Add’l Tax Base RateAdd’l Taxes/Yr Imperial District Add-on0.55825,000 City of Bonita Springs0.81731,225,950 Total2,050,950 2013 -2014 FY Budgeted Ad Valorem Revenues $5,507,000. Potential Increase in City Ad Valorem Tax would be 37%

17. City of Bonita Springs Current Impact Fees Single Family UnitRate Road$8,719 Regional Park$253 Community Park$619 Schools$784.80 Fire$437 EMS$50 BSU ANC Water$2,600 BSU ANC Sewer$3,925 Total$17,388

18. Imperial District Add-on Impact Fee (2013 Barraco Study) Roads$3,000 Stormwater/Quality$700 Parks/Land Purchase$1,000 Streetscape$300 Total$5,000

19. Bonita Springs DRGR Impact Fees with 80% Fee Reductions Lifted and Add-On Fee Single Family UnitRate5,000 Units Road$8,719$43,595,000 Regional Park$253$1,265,000 Community Park$619$3,095,000 Schools$3,924$19,620,000 Fire$437$2,185,000 EMS$50$250,000 BSU ANC Water$2,600$13,000,000 BSU ANC Sewer$3,92519,625,000 SubTotal$20,527102,635,000 Imperial District Add on Fee $5,000$25,000,000 Total $25,527/ SF Unit 127,635,000

20. This also means more jobs Estimated 400 New Construction Jobs/Year Estimated 1,500 New Services Jobs Annually at Buildout

21. What I am suggesting for the DRGR

22. Imperial District Add-on Impact Fee (Gilkey Suggestions) Flow Way Projects$500/unit$2.5 million Environmental Land Fund$3,500/unit$17.5 million Water Quality Projects$1,000/unit$5 million Total$25 million

23. Imperial District Add-on Tax Millage Source: DEG Suggestions - Base taxes @.8173 mils$1,225,500/year - Add on millage of.55 mils - To City 65%$536,250/year - To Environmental/Water$288,750/year Annually$2,050,500/year

24. This is a 37% increase over the $5,507,000 2013/2014 Ad Valorem City Taxes

25. This Provides For: New environmental lands funding Funding for Spring Creek Flow Way, Others Funding for Water Quality Projects in the DRGR (2011 Plan) Additional taxes for DRGR ordinances, studies, monitoring

26. This is a great opportunity for funding water solutions and enhancing the city’s tax base