ITEM DESCRIPTION:
Title
Amendment to Article XVII (Development/Impact Fees) of the Land Development Code
Body
REQUESTED ACTION: Send a favorable recommendation to City Council for the amendments to Article XVII (Development/Impact Fees) of the Land Development Code.
Background: The City contracted with Mead & Hunt to complete an Impact Fee Analysis and update the Impact Fee Program. Impact fees are a fee charged by governments to developers/builders as a total or partial reimbursement for the cost of providing additional facilities or services needed as a result of new development (e.g. new roads, schools, parks etc.).
The City of Edgewater has seen significant residential growth over the past several years and with it increased need for infrastructure improvements. This growth is expected to continue in the future. Although Resolution 2004-R-13 allows for the annual review/adjustment of all impact fees by City staff, the City has not increased its impact fees for Police, Fire/EMS, Parks and Open Space, and Transportation since 2006. Utility Impact fees were last adjusted in 2009.
This analysis includes a review of the City’s impact fee ordinances, population estimates through 2038 and recommendations for impact fee adjustments to support projected growth. It offers the following fee components for the City of Edgewater:
• Police
• Fire
• Recreational Parks and Open Space
• Transportation
• Utilities
The amendments to the following areas of Article XVII are proposed based on the Impact Fee Analysis:
• Review of Fees
• Formula used to determine appropriate impact fees
• Refund of fees
RECOMMENDED ACTION
Motion to send a favorable recommendation to City Council for the amendments to Article XVII of the Land Development Code.