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City outlines impact‑fee expenditures; $870,000 earmarked for regional athletic complex
Summary
Staff reported $665,287 in FY25 impact‑fee expenditures (Pamela Baker Park irrigation and an initial Terraview reimbursement of $514,000), FY25 fund balances (parks $1.62M, pathways $381K, police $200K) and planned FY26 budget items including $870,000 for the Eagle Regional Athletic Complex with a $1.9M general‑fund match.
Nicole Bartsonser walked the committee through the impact‑fee fund activity for fiscal year 2025 and planned expenditures for FY26. She said "in this past year, the expenditures from this account equaled 665,287" and detailed that the sum paid for Pamela Baker Park irrigation work and an initial Terraview reimbursement of $514,000 under a multi‑year reimbursement agreement.
Bartsonser said the city is budgeting $870,000 in impact fees for the Eagle Regional Athletic Complex (EPAC) in FY26 and that the city intends to match that with about $1.9 million in general‑fund dollars for the project. On Terraview, staff described a reimbursement structure that could total up to $2,010,000 over the life of the development and noted the city executed a purchase/sale arrangement with developer GWC that effectively provided an interest‑free $7,000,000 loan to acquire site land for the park.
She provided fund balances at the end of the fiscal year—parks $1,620,000; pathways $381,000; police $200,000—and said staff will continue to monitor collections and disbursements as development permits are issued. The committee discussed the constraints of impact‑fee law (fees must be tied to capital needs in the CIP) and asked staff to return with follow‑up material if needed.
