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Council reviews Mitigation Fee Act annual report for fiscal 2023–24; staff to return with updated fee study
Summary
City staff presented the Mitigation Fee Act annual report for fiscal year 2023–24 showing fees collected for parks, traffic and other impact funds; council discussed recent increases in several categories and staff said an updated fee study will return in spring.
City staff presented the Mitigation Fee Act annual report for fiscal year 2023–24 during the Jan. 15 meeting and summarized the required disclosures on separate impact‑fee funds, fund balances and intended uses.
Staff reminded the council that state law requires separate funds for each development‑impact fee, an annual public report and five‑year…
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