Item 6AItem 6.A 2nd Reading Ordinance No. 657-B Updating Impact Fees
Greg Last
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Presentation Overview
Will not repeat 1st reading presentation
Available if needed
Staff Fee Recommendation
Fee Benchmarking / Analysis
Fee Determination by Council
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Fee Recommendation
Considerations in determining fee
Capital improvement programs
Economic development competition
Capital recovery vs. ad valorem tax contributions
City vs. developer interests
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Fee Recommendation
City staff evaluation / recommendation
Consultation with development community
Recommendations:
Water Impact Fee: Increase 10%
Wastewater Impact Fee: Increase 5%
Roadway Impact Fee: Increase 15%, holding office components at the current fee
Ensuring no proposed fees exceed maximums
Effective October 1, 2008
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Fee Recommendation - Benchmarking
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Fee Recommendation - Benchmarking
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Fee Recommendation - Benchmarking
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In Summary
All statutory requirements have been met
Major components updated
Land Use Assumptions
Water and Wastewater CIP
Roadway CIP
Max fees have been determined
CIAC has forwarded comments
Fee recommendations provided
Questions / Discussion
Greg Last, (817) 748-8037