COUNCIL AGENDA ITEM
SUBJECT:
title
2nd Reading - Ordinance No. 2024-O-19: Amending the Impact Fees related to Article XVII (Development/Impact Fees) of the Land Development Code.
body
DEPARTMENT:
Finance
SUMMARY:
The City contracted with Benesch 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.).
This analysis includes a review of the City’s impact fee ordinances, population estimates and recommendations for impact fee adjustments to support projected growth. It offers the following fee components for the City of Edgewater:
• Fire Rescue and Emergency Medical Support
• Law Enforcement
• General Government Buildings
• Parks and Recreation
• Multi-Modal Transportation
• Water & Sewer Utilities
Two workshops were held on June 17 and July 15, 2024 to review the impact fee update study results and extraordinary circumstances to explain the cost increases recommended.
There was additional language added since first reading on pages 10 and 11 related to the treatment, transmission and distribution components of the water and sewer capital charge.
BUDGETED ITEM: ☐ Yes ☐ No ☒ Not Applicable
BUDGET AMENDMENT REQUIRED: ☐ Yes ☐ No ☒ Not Applicable
RECOMMENDED ACTION:
Motion to approve Ordinance No. 2024-O-19.