Agenda Date: 09/04/2018
Subject:
Title
Amendments regarding capital facility impact fee rates for fire and transportation
Body
Presented By:
Tiffany Hooten, Finance Director and Keith Reester, Public Works Director
BACKGROUND:
Council adopted capital facility impact fees in August of 2013 (Ordinance 14, Series of 2013) and amended the fees in July of 2014 (Ordinance 17, Series of 2014). The fees are charged for residential and non-residential development in the city and fund capital improvements to address demand attributable to the new development. The impact fee categories adopted by council include: fire, museum, library, police, facilities, and transportation.
The 2014 adopted fees are:
Use
Fire
Museum
Library
Police
Facilities
Transportation
Total
Residential
(per dwelling unit)
$453
$515
$542
$319
$1,550
$317
$3,697
Non-Residential (per square foot)
$0.227
$0
$0
$0.16
$0.775
$0.784
$1.946
The fees were based on the Impact Fee Design Analysis report by BBC Research and Consulting dated July 30, 2013 as updated by a supplemental memorandum dated June 5, 2014. In the adopted ordinance, the fees are to be used to fund capital improvements 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. Additionally, the impact fee applies regardless of the value of the property developed and shall be imposed in addition to other fees, taxes, or charges of the city.
Upon adoption of the impact fees by city council, BBC Research and Consulting recommended that the impact fees be periodically revisited to ensure the fees reflect capital facilities standards and are appropriately apportioned to new development. The fees have not been adjusted since 2014.
Staff has updated the Littleton street capital projects to reflect current needed street and infrastructure improvements. This update results in a recommended increase to t...
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