PRESENTATION - PUBLIC HEARING
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Public Hearing: Proposed Development Impact Fees Paul Soldinger, Chief Financial Officer December 16, 2025 Development Impact Fees Timeline Updated Timeline with Proposed Impact Fees • January-April 2025 – Project Initiation and Informational Presentations to Council • 6/3/25: Work Session to discuss LUA IIP Report • 7/1/2025: Advertised the LUA IIP Report on website • 9/16/2025: Public Hearing was held • 10/21/2025: Council approved LUA and IIP • 10/22/2025: Advertised Council Approved LUA IIP Report on website • 12/2/2025: Council approved proceeding on Shea Blvd Widening project with much lower bid than originally projected • 12/16/2025 (tonight): Public Hearing for proposed development impact fee schedule (30 days waiting period) • 1/20/2026: Council considers approval of new fees (75 days waiting period) • 4/6/2026: New Development Impact Fees go into effect Proposed Impact Fees – with Streets Reduction Impact Fee Increases in Report Approved by Council Impact Fees in LUA Report, approved by Council on 10/21/25 Projected Streets Costs Decreased • Streets Development Impact Fees were projected based on higher engineering estimate of over $6 million to complete this current phase of Shea Blvd Widening • Town completed invitation for bids (IFB) process in November 2025, and Council approved staff to proceed with low bid of $3.2 million and other related costs at December 2nd meeting • Finance staff reviewed projected costs in the IIP plan compared to newly known costs to complete the project • Staff now proposes a 50% reduction to the Streets development impact fees in the IIP approved by Council – to be considered for approval at 1/20/26 meeting • All other development impact fees will remain the same (still increasing from the current impact fees) New Staff Proposed Development Impact Fees Changes -$3,498 -$1,695 -$1,017 -$3,359 -$2,265 -$4,080 All proposed decreases were applied to Streets Impact Fees on this schedule Difference Between Staff Proposal to Current Fees Questions? Public Comments