Floyd County Thoroughfare Plan - Floyd County Indiana - State of ...

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Floyd County, IndianaFloyd County Thoroughfare PlanSection 1–Introduction and Executive Summary2. Tax Incremental FinancingThe second funding source the County should consider is Tax Incremental Financing. Theestablishment of a Redevelopment Commission and the implementation of Tax IncrementalFinancing districts would provide additional funding for the Highlander Point andEdwardsville Gateway District. The additional revenue could be used either to pay for theimprovements as they are made, or to pay off bonds issued for the development activities.Creating Tax Incremental Financing districts is attractive because it make the costs ofinfrastructure upgrades to support the development self-financed. The potential total fundsavailable would be determined by the size of a proposed Tax Incremental Financing district.The funds generated by a Tax Incremental Financing district must be used to fundimprovements within the district.3. Cumulative Capital Development FundThe third funding source the County should consider is the creation of a Cumulative CapitalDevelopment Fund. The Cumulative Capital Development Fund is obtained through aproperty tax levy through Indiana Code IC 36-9-14-5. The creation of a Cumulative CapitalDevelopment Fund would require the County to create a Capital Improvement Plan. Thisfund would differ from the first two funding sources because of the ability to use the moneygenerated by the property tax levy throughout the county for infrastructure improvementand maintenance projects.G. Revise Subdivision Ordinance1. Access ManagementAccess management is a tool used to balance accessibility to local property owners withtransportation system mobility. All land owners have a right to access the localtransportation system but the degree of access can vary by the functional classification ofthe roadway that serves their property. An access management program seeks to limit thenumber of access points on arterial and collector streets and to promote the use of thelocal street system to access developments. The four major principals of accessmanagement are the same for all classes of streets.• Minimize the number of access points.• Separate conflict zones.• Minimize acceleration/deceleration requirements.• Remove turning vehicles from the through-traffic lanes.By establishing proper access management principals and enforcing them in newdevelopments, the following positive outcomes may be achieved:• Reduced crashes.• Increased existing street capacity.• Reduced need to widen existing streets or build new ones.Prepared by Strand Associates, Inc. ® 1-7KRH:pll\S:\@SIECO\001--050\046\008\Wrd\Thoroughfare Plan\Draft 07-19-07\S1-Introduction and Executive Summary 07-19-07.doc\072007
Floyd County, IndianaFloyd County Thoroughfare PlanSection 1–Introduction and Executive SummaryControlling and limiting the number of driveways on arterial and collector roadways couldhelp to achieve the objectives of access management.2. Typical SectionsEstablishing standardized typical sections can help a community to provide consistency inaddressing the mobility needs of different transportation system users. Street design canaffect traffic volumes, roadway safety, noise, pedestrian conflicts, aesthetics, andconnectivity. Typical sections are generally designed for each classification of road that acommunity has because different classes of roads have different intended uses.3. Traffic Impact Analysis GuidelinesThe analysis of the possible future traffic operations caused by development up to the year2030 contained in this thoroughfare plan should not be considered a replacement for aTraffic Impact Analysis (TIA) for specific developments. A set of TIA guidelines should bedeveloped to outline the process by which the specific impacts that an individualdevelopment will have on the operations of the surrounding roadway network are assessed.TIA’s should address all elements of the transportation system as it relates to pedestrians,bicyclists, transit, vehicular traffic, and adjacent land development. The TIA guidelinescould establish a system where the amount and scope of the analysis is determined by therelative impact the development would be expected to have on the transportation system.4. Land Use PlanningThe location and intensity of various land uses can significantly effect travel choices. If notplanned properly, the land uses of a community can hinder certain modes of travel,especially bicycling or walking. Encouraging mixed use developments that incorporateresidential, commercial, and retail land uses can increase the attractiveness of thesealternate modes.Encouraging the development of mixed-use employment centers along the US 150 and SR62/64 corridors could help to decrease the motor vehicle travel demand throughout theCounty.Prepared by Strand Associates, Inc. ® 1-8KRH:pll\S:\@SIECO\001--050\046\008\Wrd\Thoroughfare Plan\Draft 07-19-07\S1-Introduction and Executive Summary 07-19-07.doc\072007
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