Council lowers residential impact fee collection cap and approves revised fee schedule
Council approved amendments to the City's impact-fee ordinance, lowering the maximum residential collection from 100% to 40% and adjusting several other tiers; staff noted a clerical calculation error that will be corrected.
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City staff outlined proposed changes to the City's impact fees—fees that fund water, wastewater and road capacity improvements—and recommended lowering the residential maximum collection percentage from 100% to 40%. Staff said the Capital Improvements Advisory Committee recommended the reduction after benchmarking and outreach to the development community.
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