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How should development pay for increased usage and impacts to community services while still being competitive to surrounding communities with regards to development?
The school districts are proposing the value for the fee be based on raw land and development related costs. The specific request and analysis can be found in the attached memos from the school districts CLICK HERE...
Background Information:
The current school impact fees have been in place since 2000. At that time, the market price of an acre of land was set at $32,077/acre. According to the the school districts, the price of land has risen dramatically across the city since 2000, and is expected to continue to increase over time. The current fee structure no longer successfully accomplishes what it was first set out to do. The fee amounts are shown below:
Fee-in-Lieu Calculation
Fee imposed on construction of each new residential dwelling on an undeveloped lot
(market value of land at $32,077/acre, set by Resolution No. 2000-15):
Single-Family Home Detached Dwelling $619
Single-Family Attached Dwelling $514
Townhome/Condo $214
Apartment Unit $138
School impact fees only apply to residential land. It does not apply to commercial or industrial land. Finally, it is important to note this fee only applies to new development within the city. All of the existing development, whether built or platted and contained within a legal developer’s agreement, would not be affected by this proposed increase.