Agenda Date: 12/17/2024
Subject:
Title
Ordinance 30-2024: An ordinance on second reading amending Title 1, Chapter 14 of the City Code regarding Land Development Impact Fees
Body
From:
James L. Becklenberg, City Manager
Prepared by:
Kevin Orton, Budget Manager
Presentations:
Tiffany Hooten, Finance Director
Kevin Orton, Budget Manager
PURPOSE:
Does council support an ordinance amending Chapter 14 of Title 1, Land Development Impact Fees?
LONG-TERM OUTCOME(S) SERVED:
High-Quality Governance
DISCUSSION:
In 2013, council adopted capital facility impact fees/land development impact fees. Land Development Impact fees are charged for residential and nonresidential development in the city and fund capital improvements needed to address demand attributable to the new development. Impact fees are developed through an evaluation of the costs of capital improvements needed to address demand attributable to new development and are not to be used to fund operation, maintenance or replacement costs or otherwise fund the general costs of government. The most recent Land Development Impact fee study was in 2020 and is attached as reference. It is common practice to review these periodically and this will be incorporated into the 2026 budget.
These fees have been amended over the years with the last amendment occurring in October 2023 for inflation and multimodal transportation phase II increase.
Staff is proposing an increase in the Land Development Impact fees as follows:
* To include an inflation factor as provided for in Title 1, Chapter 14, regarding Land Development Impact fees approved in 2021.
* Adjust the multimodal transportation impact fees for non-residential classification types for phase III of a three-phase approach. As reference, Ordinance 10-2021 includes information related to this phase in and inflation factor.
Inflation Factor
Title 1, Chapter 14 allows for an annual increase for inflation for Land Development Impact Fees. The city has establishe...
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