Title
Consider an ordinance amending Chapter 44, Section 44-37, Code of Ordinances (2010 Edition), regarding water and wastewater impact fees. (Second Reading)
Body
The City last updated the water and wastewater impact fees in April 2012. At that time, the City made a commitment to review the existing impact fees that new customers are charged for tying into the water and wastewater systems every three years. As part of the process to update the impact fees, the City reviewed and updated the existing land use plan, annexation plan, and the water and wastewater system capital improvement/master plans.
Since the latest plan updates, there are several projects that are anticipated over the next 10 years that will have a direct influence on the new impact fees. These improvements have been included in our Updated Water and Wastewater System Master Plans and in the new impact fee calculation. The current impact fees that are charged to new customers connecting to the City’s water and wastewater system are $3,889 for water and $2,073 for wastewater per Living Unit Equivalent (LUE).
The proposed impact fees for new customers connecting to the City's water and wastewater system would be $4,025 and $2,099 per LUE respectively. If approved, these new impact fees will be assessed to new customers with plats recorded after March 1, 2016. A presentation of the report of the proposed impact fees was made to the City’s Capital Improvement Advisory Committee (CIAC) on November 4, 2015. A recommendation letter from the CIAC is provided in the final report, and is included in the council packet.
Recommended Action
Staff Recommends Approval.