Impact Fees
Impact fees are charges levied against new construction to help generate revenue to build new streets, water lines, wastewater lines, and parks needed to accommodate new developments. In other words, impact fees are a 1-time, up front charge, paid by new construction only.
The fee is paid at the time of the building permit and is issued based on a preset formula. The revenue collected is used within that district to build new streets, water lines, wastewater lines, and parks.
Purpose
Impact fees assign the cost of new infrastructure from the general public to the new construction that creates the need, thereby reducing the necessity to raise utility rates and taxes
Effective Date
These impact fees are effective October 1, 2018. Please note, all impact fees are subject to an additional 3% administrative fee (Section 2-225.5 of City Code).