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Fair Oaks Ranch council approves first reading to raise maximum water and wastewater impact fees
Summary
Fair Oaks Ranch council approved the first reading of an ordinance July 17 to update land-use assumptions, the capital improvements plan and the city's water and wastewater impact fees after a presentation by consultant Friese and Nichols.
Fair Oaks Ranch council approved the first reading of an ordinance July 17 to update the city's land-use assumptions, capital improvement plans and water and wastewater impact fees, following a public hearing and a presentation from the city's consultant team.
The ordinance, as drafted for first reading, reflects the maximum allowable water impact fee calculation in the consultant's report; the consultant reported an eligible capital cost for water of about $32 million and said state law requires a 50 percent credit, leaving a legal maximum the council may adopt of $21,013 per single-family-equivalent living unit. On the wastewater side, the report shows a maximum allowable fee of $9,943 per equivalent living unit.
Why it matters: impact fees are charged to new development to pay for the…
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