Since 2010, more than $500M has been invested to improve levees along the west bank of the Feather River to protect more than 45,000 properties within the Sutter Basin. Although much of the work protecting the urban areas has been completed, significant work must be done to improve flood protection for properties south of Yuba City. Without these improvements, additional development would not be allowed.
The total estimated cost for SBFCA’s levee improvement program is $624M. SBFCA’s financing plan for these improvements includes the following funding sources:
The bulk of program costs – about $604M – is funded through state and federal grants, assessment revenues and bonds. The remaining $21M is to come from fees charged to development. This is the associated cost for “buying into” the improved flood protection system. Revenues will be used to advance levee improvements. It will also ensure continued compliance with state and federal regulations for levels of protection that are required for future development.
In accordance with state law, a nexus study was prepared to determine the fee rates by land use type. The fee is charged on a one-time basis on all development within the Sutter Basin prior to finalizing a building permit. Rates are calculated on a per square foot basis and are consistent among all land use agencies. Except for the City of Live Oak, SBFCA’s Regional Levee Development Impact Fee is payable to and collected by the land use agencies. The City of Live Oak requires that developers pay the fee directly to SBFCA.
The fee rate varies by land use type. Each development project is classified into one of four land use categories: Single Family Residential, Multi-Family Residential, Commercial, or Industrial. The steps for calculating the fee are as follows:
The result is the fee applicable to the new development project.
Specific exemptions and variations in the method of payment of the fee are further discussed within the Nexus Study.
|SBFCA Regional Levee DIF Example Calculations 2023||725kB|
|SBFCA Regional Levee DIF Nexus Report 2023 0630.pdf||2MB|