26-0421 - Cost Recovery Workshop Presentation.pptx
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Cost Recovery City Council Workshop City Council Chambers April 21, 2026 1 • Why Perform Cost Recovery • Qualifying Costs • Cost Recovery Process • Projects Impacted • Tracking Process • Collection of Assessments • Next Steps Agenda 2 Why Perform Cost Recovery • Allows City to complete construction ahead of development • “Growth pays for growth” • Reduces burden on existing taxpayers • Aligns with State Statute • Supports continued roadway expansion as Buckeye grows Roadway Project Design, ROW, Construction Existing Taxpayers (City) Fronting Development (Cost Recovery) 3 Cost Recovery Ordinance – Qualifying Costs • Applicable Parcels: Per state statute, to be levied only on parcels fronting arterial roadways • Qualifying Costs: Design, ROW acquisition, engineering, construction, testing, inspection, admin, and permanent infrastructure (paving, curb, drainage, lighting, utilities), water, sewer, traffic signals, landscaping, utility relocation, decorative elements • Exclusions: Temporary improvements or non-qualifying work; Non-City annexed parcels 4 Cost Recovery Ordinance – Process 5 Cost Recovery Ordinance – Projects Impacted • Four projects in current 5-year CIP, totaling 80 parcels • Indian School, Jackrabbit to Perryville • (9 Buckeye Parcels) • Jackrabbit, Thomas to Indian School Road • (5 Buckeye Parcels) • Watson, Elwood through Bentridge • (2 Buckeye Parcels) • Miller, Lower Buckeye to Broadway • (9 Buckeye Parcels) • 31% Buckeye Parcels, 69% County Parcels Parcel Allocation County City 6 Cost Recovery Ordinance – Tracking Process 7 Collection of Assessment • Payment Required – Earliest of the following: • Rezoning approval by City Council • Site plan approval • Final subdivision plat approval • Civil/Building Permit Issuance • 10-Year Timeframe • After Payment • A satisfaction of assessment is recorded with the Maricopa County Recorder • May be recorded as full or partial payment 8 Cost Recovery Ordinance – Next Steps 1.Cost Recovery Ordinance Council Approval May 5 City Council Agenda item 2.Formal Adoption, 30-Day waiting period 3.Implementation and Use 9 10