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West Bend commission weighs raising park impact fees as residential growth approaches
Summary
At its Jan. 29 meeting the West Bend Park and Recreation Commission reviewed a decades-old park impact fee schedule, learned the city holds about $495,000 in impact fees and could collect roughly $3.7 million by 2032, and asked staff to develop a recommendation to update fees that have not changed since 2002.
At the Jan. 29 meeting of the West Bend City Park and Recreation Commission, staff reviewed the history, rules and financial position of the city’s park impact and acquisition fees and recommended the commission ask staff to develop a formal recommendation to increase those fees.
Mike (Parks staff) told the commission the fees “haven’t been increased since 2002” and noted the current balance in the impact-fee account is $495,000. He said projected potential revenues tied to pending residential development could total about $3.7 million between now and 2032. “I wouldn’t spend $495,000 without a game plan,” he said.
Why it matt…
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