AGENDA CAPTION:
Title
Review Impact Fee Report to update Water and Wastewater Impact Fees
Body
Meeting date: 1/23/2018
Department: Engineering/CIP
Amount & Source of Funding
Funds Required: Click or tap here to enter text.
Account Number: Click or tap here to enter text.
Funds Available: Click or tap here to enter text.
Account Name: Click or tap here to enter text.
Fiscal Note:
Prior Council Action: Ordinance 2013-070 Updating Impact Fees
City Council Goal: [Please select goal from dropdown menu below]
Goal #5 Maintain & Improve City's Infrastructure
Goal # 7 Maintain Fiscal Responsibility
Choose an item.
Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
? Economic Development - Choose an item.
? Environment & Resource Protection - Choose an item.
? Land Use - Choose an item.
? Neighborhoods & Housing - Choose an item.
? Parks, Public Spaces & Facilities - Choose an item.
? Transportation - Choose an item.
? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
Waste Water Master Plan
Water Master Plan
Background Information:
The City has recently completed both Water and Wastewater Master Plans reflecting a planning horizon to 2035. These plans look at population growth based upon the City's Comprehensive Plan and the infrastructure improvements necessary to support that growth. The identified infrastructure improvements are used to develop the City's 10-year Capital Improvement Program and projects are funded from Water and Wastewater utility revenues.
In 1987 Texas was the first state to enact legislation that allowed local governments to levy impact fees on new development. Impact fees are governed by Chapter 395 of the Texas Local Government Code and provide the mechanism for local governments to capture the system improvements costs created by new development.
The charge of the City's Capital Improvement Advisory Boar...
Click here for full text