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Impact Fee Semi-Annual Report

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Impact Fee Semi-Annual Report

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Impact Fee Semi-Annual Report

  1. 1. Semi-Annual Report on Impact Fees December 10, 2019
  2. 2. LGC § 395.001 Definition: “…assessment imposed by a political subdivision against new development in order to generate revenue for funding or recouping the costs of capital improvements or facility expansions necessitated by and attributable to the new development.”
  3. 3. System-Wide Impact Fees Water $500/LUE Wastewater $3,000/LUE Roadway $375/SU Res * $80/SU Non-Res • Single Family is 4 service units ($1,500)
  4. 4. System-Wide Impact Fee Allowable Max Fee per Service Unit Adopted Collection Rate per Service Unit Total Amount Collected Eligible Capital Improvement Costs Recoverable at Collection Rate Water $2,917 $500 $736,350 $34,140,850 $5 M Wastewater $5,519 $3000 $3,336,650 $72,285,485 $36 M Roadway Zone A $1,061 $375/$80 $127,166 $15,101,941 $2.4M Roadway Zone B $1,072 $375/$80 $113,425 $15,667,860 $3.0M Roadway Zone C $2,556 $375/$80 $542,703 $48,665,106 $4.1M Roadway Zone D $4,004 $375/$80 $183,526 $54,579,323 $2.5M
  5. 5. Reporting Period Status • Impact Fees Proceeding as Planned

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