FY 2023-2028 CIP Budget Book

460 – CSA 86 A tax assessment levied to residents in the Quail Valley area which is used for street improvements and maintenance, drainage, street lighting, and traffic signals. The funds are also used for emergency personnel such as fire and police. 481 ‐ Community Development Block Grant (CDBG) Federal funds allocated to local government, usually through a local clearing house (Department of Housing and Urban Development or HUD), based on a formula, but required to be applied for and used within broad functional areas such as community development. 490 – Audie Murphy Ranch (AMR) A special tax assessment levied to residents of the Audie Murphy Ranch Community, which is used for maintenance, and improvements of streets, parks, drainage, street lighting, and traffic signals. 500 ‐ 514 ‐ Development Impact Fees (DIF 17) Fees generated from development within the City to offset the effect of development on City infrastructure, fire protection, public facilities and services, libraries, roads, schools, parks, traffic signal mitigation, and open space. 520 ‐ 527 ‐ Development Impact Fees (Citywide) Fees generated from development within the City to offset the effect of development on City infrastructure, fire protection, public facilities and services, libraries, roads, schools, parks, traffic signal mitigation, and open space. 620 ‐ Quimby/Mitigation Funds (Local Parks) These funds are collected from developers who are required to provide the mandated acreage of open space park land as a dedication to the City as a condition of their development projects. In 2015, the City adopted its first Quimby/Mitigation Ordinances, superseding the County’s fee schedule and setting rates for in ‐ lieu of park dedication payments by quadrant within the City. Funds collected are restricted to the area in which they were derived (or reasonable nexus to) and can only be used for the acquisition of property for future park development. 622 ‐ 623 ‐ Community Facilities District (CFD) Allows the City to construct desired and authorized public improvements with costs of the projects paid for by benefiting properties within the boundaries of a designated area. The costs are then financed through the issuance of bonds payable over a period of years. Developer In ‐ Lieu of Construction Payments or Contributions/Deposit Payments from developments in lieu of constructing conditioned improvements, or fair share contributions to mitigate impacts of new developments to City infrastructure and services. 21