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Impact Fee Update

City Council
November 14, 2013
Update Process
September 19th Planning and Zoning Commission
• Review 5-YR Update Report (92-01, 97-01, 97-02B, 99-01, 03-...
5 Existing Impact Fee Areas
Water
• 99-01 Harley

Sewer
•
•
•
•

92-01 Graham Road
97-01 Spring Creek
97-02B Alum Creek
03...
Land Use Assumptions
Effective
Build-out
LUE

Anticipated
Build-out
LUE

LUE
Adjustment

92-01 Graham

1,551

1,710

+ 159...
97-01 Spring Creek Sewerline
03-02 Steeplechase Sewerline
Fee Summary
92-01
Graham
Road

97-01
Spring
Creek

97-02B
Alum
Creek

99-01
Harley

03-02
Steeplechase

Current Fee*

$316...
Recommendations

 Amend Ordinance to adopt updated Land Use
Assumptions, Capital Improvements Plan and
resulting revised ...
Questions
Impact Fee Update
Impact Fee Update
Impact Fee Update
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Transcript of "Impact Fee Update"

  1. 1. Impact Fee Update City Council November 14, 2013
  2. 2. Update Process September 19th Planning and Zoning Commission • Review 5-YR Update Report (92-01, 97-01, 97-02B, 99-01, 03-02): – – Advisory Committee recommended acceptance of report and update Requested Council Consider setting a Public Hearing September 26th City Council • 5-YR Update Report (92-01, 97-01, 97-02B, 99-01, 03-02): – Resolution passed setting a Public Hearing November 14th City Council • Review 5-YR Update Report (92-01, 97-01, 97-02B, 99-01, 03-02): – – Conduct Public Hearing Amend Ordinance to adopt updated fees
  3. 3. 5 Existing Impact Fee Areas Water • 99-01 Harley Sewer • • • • 92-01 Graham Road 97-01 Spring Creek 97-02B Alum Creek 03-02 Steeplechase
  4. 4. Land Use Assumptions Effective Build-out LUE Anticipated Build-out LUE LUE Adjustment 92-01 Graham 1,551 1,710 + 159 97-01 Spring Creek 4,425 8,565 + 4,140 97-02B Alum Creek 3,232 2,656 -576 99-01 Harley 450 396 -54 03-02 Steeplechase 2,838 7,051 + 4,213 Impact Fee Area Living Unit Equivalent (LUE)
  5. 5. 97-01 Spring Creek Sewerline
  6. 6. 03-02 Steeplechase Sewerline
  7. 7. Fee Summary 92-01 Graham Road 97-01 Spring Creek 97-02B Alum Creek 99-01 Harley 03-02 Steeplechase Current Fee* $316.07 $98.39 $59.42 $769.91 $357.74 Proposed Fee* $339.63 $144.01 $44.71 $996.03 $144.87 CIP Construction and Study Cost $486,396 $1,473,745 Total Fees Collected to Date $323,502 $582,099 $22,306 $64,741 $135,436 Future Revenue Expected from Proposed Fee $43,473 $844,043 $103,638 $279,884 $938,033 * Per Living Unit Equivalent (LUE) $224,400 $379,516 $1,147,759
  8. 8. Recommendations  Amend Ordinance to adopt updated Land Use Assumptions, Capital Improvements Plan and resulting revised Impact Fees.
  9. 9. Questions

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