Reston Funding Plan: Updates and Funding Scenarios - Aug. 8 & 10, 2016

County of Fairfax, Virginia
Reston Funding Plan
Advisory Group &Stakeholders Group
August 8 & 10, 2016
Janet Nguyen & Tom Biesiadny
Fairfax County Department of Transportation
Department of Transportation
1
Updates & Funding Scenarios

Outline
• Follow-up from June 20, 2016, meeting
– Project list and estimate updates
– Grid updates
– Factors in establishing Reston rates
• Discussion of funding scenarios
2

Project List and
Estimates
Additional $90M in projects have
been removed from the Reston
funding plan but will be included in
a separate Innovation TSA funding
plan.
Innovation TSA projects that were
included in the Reston plan at the
previous Advisory Group meeting:
• Dulles Toll Road Crossing at
Rock Hill Overpass - $80M
• McNair Farms Drive
Extension/Widening - $10M
3
Reston Funding Plan Projects
Projects Estimate
Roadway Projects
DTR Crossing at Soapstone Overpass – Sunrise Valley Dr to Sunset Hills Rd $170,000,000
DTR Town Center Parkway Underpass – Sunrise Valley Dr to Sunset Hills Rd $170,000,000
Fox Mill Road Widening – Reston Parkway to Monroe Street $60,000,000
Monroe Street Widening – West Ox Road to Town of Herndon $80,000,000
Pinecrest Road Extension – South Lakes Dr to Sunrise Valley Dr $25,000,000
Reston Parkway Widening – South Lakes Drive to DTR $25,000,000
Route 286 - DTR to West Ox Widening $80,000,000
Route 286 at Sunrise Valley Drive (Interchange) $400,000,000
South Lakes Drive Overpass – Sunrise Valley Drive to Sunset Hills Rd $90,000,000
West Ox Road Widening – Lawyers Road to Centreville Road $100,000,000
Total Roadway Projects $1,200,000,000
Intersection Projects
Centreville Road at Sunrise Valley Drive $10,000,000
Centreville Road/DTR EB on/off Ramps $1,500,000
Hunter Mill Road/Sunset Hills Road $3,500,000
Reston Parkway/Bluemont Way $4,000,000
Reston Parkway/DTR WB on/off Ramps $5,000,000
Reston Parkway/New Dominion Parkway $5,000,000
Reston Parkway/Sunrise Valley Drive $15,000,000
Wiehle Avenue/DTR EB on/off Ramps $600,000
Total Intersection Projects $44,600,000
Grid Network $1,021,000,000
Total $2,265,600,000

Reston Funding Plan
Allocation Framework
This cost split was chosen by staff as basis
for funding scenarios. Staff is still seeking
comments on this proposal.
In this example, public and private
revenues* will share costs, approximately
equally.
Reston Roadway projects would be paid
for with public revenues.
Most Intersections and the Grid would be
paid for with private revenues.
4
Please note that the information provided in this presentation is not final and is for discussion purposes only.
*Public revenues are those revenues allocated by the County for use on Countywide transportation projects.
*Private revenues are generated in Reston and used exclusively for Reston projects. Includes: road fund, TIF, service
and tax districts, etc.
Option 5: Project Category
Project Estimate Allocation ($)
Reston Roadways $1,200,000,000
Public Share 100% $1,200,000,000
Private Share 0% $0
Reston Intersections $45,000,000
Public Share 0% $0
Private Share 100% $45,000,000
Grid $1,021,000,000
Public Share 0% $0
Private Share 100% $1,021,000,000
Total $2,266,000,000
Public Share 53% $1,200,000,000
Private Share 47% $1,066,000,000

5
Grid Map Updates

Private Share of Funding Plan
6
Grid Estimate $1,021,000,000
Less: Expected In-kind contributions to the grid* $716,000,000
Net funding need from private share for Grid $305,000,000
Add: Intersections $45,000,000
Contributions needed towards private share from a fund
area and/or service district $350,000,000
Total Private Share (Total Grid + Intersection Improvements) $1,066,000,000
*Number adjusted based on feedback received regarding additions to anticipated in-kind contributions.

Creditable Expenses
• Developers will have the option to design,
construct, or acquire and donate right-of-way for
improvements above the requirements of their
traffic impact analysis (TIA).
• Such offsite improvements to the grid of streets
can have an offsetting credit to a developer’s
fund area contribution up to the amount of their
contribution.
• Details on the crediting process will be included
in fund area guidelines.
7

Grid Cost Estimating Details
and Discussion
See Handout
8

Factors in Establishing Reston Rates
Factors to consider when establishing rates for a fund area and/or service
district in Reston:
• The Reston TSA is a smaller geographic area than the Tysons Urban
Center.
• The majority of new development potential is residential.
• There is a special tax district in Reston (Small District 5); that applies to
residential, commercial, and industrial properties located in the district.
• Rates alone should not make any area more or less attractive to future
development.
• The effect of fund area contributions will vary from development to
development.
9

Fund Area Plan of Action
• Staff has requested feedback on specific contribution rates to a fund area and
has only received verbal comments at organized meetings. However, the
schedule of the funding plan soon requires a specific recommendation.
• Seeking Advisory Group feedback on which funding scenarios should be
removed from consideration.
• Any adjustments or new funding scenario recommendations should not only be
based in logic but also take into account “Factors in Establishing Reston Rates”.
• Staff recommends the Advisory Group to have a working meeting prior to the
next Advisory Group meeting or plan on dedicating the first portion of the
September 12th Advisory Group meeting to develop the recommendation.
• Alternatively, staff can suggest a funding scenario to keep the funding plan
action on schedule for completion by the end of year 2016, and seek Advisory
Group feedback.
10

Previously Discussed Funding Scenarios
11
Road Fund Rate Scenarios
Contribution Rates and Related Shortfall
Residential/DU Commercial/SF
Other
Funding
Needed ($M)
Tax
District
Rate
Service
District Rate
Scenario 1: Tysons residential rates $2,571 $18.34 $0.00 N/A N/A
Scenario 2: Tysons commercial rates $4,627 $12.63 $0.00 N/A N/A
Scenario 3: Rates proportional to Reston
development $7,058 $5.88 $0.00 N/A N/A
Scenario 4: Tysons rates and service district
over Reston TSA $2,571 $12.63 $78.43 N/A 0.012
Scenario 5: Tysons rates and tax district
over Reston TSAs $2,571 $12.63 $78.43 0.025 N/A
Scenario 6: Tysons Rates and Service
District over Reston &TSAs $2,571 $12.63 $78.43 0.025 or 0.012
District over Sp. TD5 $2,571 $12.63 $78.43 0.025 or 0.012
Scenario 8: General adjustment from Tysons
rates, -11% $2,288 $11.24 $106.20 0.035 or 0.017
Scenario 9: Specific adjustments from
Tysons rates, +15% residential, -19%
commercial $2,957 $10.23 $80.22 0.025 or 0.013
*These are average annual rates that do not reflect actual cash flow needs.
These scenarios have been proposed by staff or by recommendation of the advisory group. Different rate scenarios could apply in the future. Please note that
the information provided in this presentation is not final and is for discussion purposes only.

New Funding Scenarios
• At the request of the Advisory Group, two new
funding scenarios have been developed for
Advisory Group consideration.
• Scenario 10
• Scenario 11
• Note all scenarios are meant to provide initial
points for discussion and are not final.
12

New Funding Scenario 10
• Splits the private funding shortfall ($350M) equally between a road
fund and a service district and maintains the same residential to
commercial fund area contribution ratio as Tysons.
• This funding scenario requires a higher service district contribution
rate than other funding scenarios presented.
13
Private Funding Scenario 10
Tysons Proportions at 50/50 Split
Residential/D.U. Commercial/Sq.Ft. Service District Rate*
Rate $1,635.00 $8.19 $0.027
Revenues $62,358,900 $112,512,385 $175,000,000
Total Towards Plan % Plan Funded
Fund Area $175,000,000 50%
Service District $175,000,000 50%
Total $350,000,000
*Average annual rate for service district.

New Funding Scenario 11
• A current resident in the Reston TSAs with an average residence of $260k
assessed value will have an out of pocket expense, paid over 40 years,
equal to a residential per dwelling unit contribution of a developer.
• The service district rate is set at 2 cents per $100 of assessed value and
summed for 40 years based on the annual contribution. This amount sets
the residential rate and the commercial rate then adjusts to fund the
remaining portion of the private share.
14
Private Funding Scenario 11
Residential Equal Out Of Pocket Expense
Residential/D.U. Commercial/Sq.Ft. Service District Rate*
Rate $2,080.00 $10.09 $0.02
Revenues $79,331,200 $138,668,800 $132,000,000
Total Towards Plan % Private Share
Fund Area $218,000,000 62%
Service District $132,000,000 38%
Total $350,000,000
*Average annual rate for service district.

New Funding Scenario 11 Perspectives
• On a residential unit basis, a developer and a current, average
residence in the Reston TSAs have the same out of pocket
expense.
• Current homeowners within the Reston TSAs would be paying
1.35% of the private share of the funding plan. Developers,
commercial property owners, and new residents in the Reston TSAs
would be paying the remaining portion of the private share of the
funding plan.
15

County of Fairfax, Virginia Funding Scenarios
16
Road Fund Rate Scenarios
Contribution Rates and Related Shortfall
Residential/DU Commercial/SF
Other
Funding
Needed ($M)
Tax
District
Rate
Service
District Rate
Scenario 1: Tysons residential rates $2,571 $18.34 $0.00 N/A N/A
Scenario 2: Tysons commercial rates $4,627 $12.63 $0.00 N/A N/A
Scenario 3: Rates proportional to Reston
development $7,058 $5.88 $0.00 N/A N/A
Scenario 4: Tysons rates and service district
over Reston TSA $2,571 $12.63 $78.43 N/A 0.012
Scenario 5: Tysons rates and tax district
over Reston TSAs $2,571 $12.63 $78.43 0.025 N/A
District over Reston &TSAs $2,571 $12.63 $78.43 0.025 or 0.012
District over Sp. TD5 $2,571 $12.63 $78.43 0.025 or 0.012
Scenario 8: General adjustment from Tysons
rates, -11% $2,288 $11.24 $106.20 0.035 or 0.017
Scenario 9: Specific adjustments from
Tysons rates, +15% residential, -19%
commercial $2,957 $10.23 $80.22 0.025 or 0.013
Scenario 10: Tysons proportions for
Res/Com and 50/50 split Road Fund/Service
District $1,635 $8.19 $175.13 N/A 0.027
Scenario 11: Similar out of pocket expense -
Road Fund (residential) and Service District $2,080 $10.09 $132.00 N/A 0.020
*These are average annual rates that do not reflect actual cash flow needs.
These scenarios have been proposed by staff or by recommendation of the advisory group. Different rate scenarios could apply in the future. Please note that
the information provided in this presentation is not final and is for discussion purposes only.

Other Advisory Group Recommendations
• There was a suggestion to tie parking (over minimum parking requirements) with
contributions towards the private share of the funding plan.
• The County can only enforce paid parking at County owned parking garages and
does not have the authority to require paid parking at private facilities.
• Proffers tied to parking spaces above minimum requirements would not be feasible
since most site plans are coming in at the required minimum or requesting below the
required minimum.
• Example: Board of Supervisors recently approved a 16.4 percent reduction the
required parking for the Reston Excelsior development.
– Required parking: 732, 1.6 spaces per unit
– Proposed parking: 612, 1.33 spaces per unit
– Reason: The basis for the reduction is the development’s proximity to a mass
transit station. The 5.0 acre parcel is located within one-half mile of the existing
Reston Town Center Transit Station (Transit Station), as well as within one-half
mile of the entrance of the planned Reston Town Center Metrorail Station.
17

Reductions
Requested
18
Approved Parking Reductions Required # Prop # % Reason
RTC (Phase I) 4021 2895 28.0%Sharing
Reston Block 16 575 487 15.3%Proximity to Transit
Reston Heights Phase I 1605 1249 22.2%Sharing
Reston Heights Phase II 2670 2025 24.2%Sharing
Submitted for Review (Approval Pending) Required # Prop # % Reason
Lincoln 416 338 18.8%Proximity to Mass Transit
RTC West (Total) 4578 3158 31.0%Proximity to Mass Transit and Sharing
RTC West Commercial 3454 2417 30.0%
RTC West Residential 1124 842 25.0%
RTC West Sharing -100 2.0%
Vornado (Total) 3059 2565 16.0%Proximity to Mass Transit
Existing Office 1019 928 13.0%
New Office 975 788 19.0%
Residential 800 600 25.0%
Hotel 191 175 8.0%
Retail 74 74 0.0%
Commercial/Metro Paid Parking Allowed until build out
General Dynamics
General Dynamics Phase I 416 250 40.0%General applicability in P Distr
General Dynamics Phase II 494 250 49.5%
Not Yet Submitted Required # Prop # % Reason
1831 Wiehle Proximity to metro
1831 Wiehle w/in 1/4 mi. Comm 30.0%
1831 Wiehle w/in 1/4 mi. Res 30.0%
1831 Wiehle w/in 1/2 mi. Comm 25.0%
1831 Wiehle w/in 1/2 mi. Res 25.0%

Comments/Questions/Discussion
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Reston Funding Plan: Updates and Funding Scenarios - Aug. 8 & 10, 2016

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