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Planner urges small-area plan, water study shows draft capacity; TIF and impact fees discussed
Summary
Staff recommended a small-area planning process for a growth-node, citing a draft water study that suggests capacity for development; speakers discussed using TIF funds and completing an impact-fee study to fund infrastructure and prioritized capital improvements.
The town planner (Staff member) urged the council and planning board to begin a small-area planning process for a growth-node that could coordinate streetscape, water and sewer infrastructure, and phased development. He said a draft water study shows potential capacity for new development but emphasized the need to confirm pump and pipe capacities before approving projects.
Members discussed financing options and referenced TIF (tax-increment financing) funds as a likely source to support a consultant-led small-area plan and infrastructure studies. The planner also noted an impact-fee study has drafted recommended fee levels and that statutory timing and allowable uses for impact fees narrowed by recent legislative changes will determine the town's approach to collecting and spending those fees.
