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Council approves FY21‑22 development impact fees report, allocates balance toward airport project
Summary
Council accepted the annual report on development impact fees (FY21‑22), noted roughly $416,000 in traffic impact fee balance and approved Resolution 2022‑50 to apply the fees toward the airport infrastructure project (staff said that represents about 6% of that project's cost).
The Clear Lake City Council reviewed and approved the fiscal year 2021‑22 report on the use and retention of development impact fees and adopted Resolution 2022‑50 to accept the report and allocate the current balance toward airport infrastructure work.
City staff said just under $400,000 in development impact fees were collected during the prior fiscal year and that the current traffic impact fee balance stands at about $416,000. Staff…
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