AGENDA CAPTION:
Title
Consider approval of Ordinance 2018-10, on the second of two readings, amending Chapter 86, Article 5, Division 4 to change the methodology by which Water and Wastewater impact fees are calculated based upon peak flow; providing a savings clause; providing for the repeal of any conflicting provisions; and providing an effective date.
Body
Meeting date: April 3, 2018
Department: Eng/CIP
Amount & Source of Funding
Funds Required: N/A
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Fiscal Note:
Prior Council Action: Ordinance 2013-070
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Background Information:
Impact fees are collected from new development to help fund the needed system capacity improvements necessary to support growth. In 2003, the City changed the way in which development's "impact" was calculated and used the meter size as this measurement. In 2013, this methodology was called into question with the permitting of several large multi-family developments when the required meter size yielded an impact of only 8 times that of a 5/8" single family meter or 1 Living Unit Equivalent (LUE). Meter technology has significantly changed since the 2003 change in methodology, allowing much higher flows to be accurately measured with smaller meters. This ...
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