TITLE
Consider a memorandum/resolution authorizing completing the process to develop land use assumptions and implement impact fees for water, wastewater, and roadway in accordance with Texas Local Government Code, Chapter 395.
SUMMARY
AGENDA ITEM
AUTHORIZE COMPLETING THE PROCESS TO DEVELOP LAND USE ASSUMPTIONS AND IMPLEMENT IMPACT FEES FOR WATER, WASTEWATER, AND ROADWAY
ORIGINATING DEPARTMENT
Public Works
BACKGROUND INFORMATION
In March 2014, Kimley-Horn and Associates, Inc. (Kimley-Horn) presented City Council with information relating to infrastructure funding options. This presentation described various infrastructure financing possibilities, to include utilizing property taxes, issuing Certificates of Obligation or General Obligation bonds, establishing various different types of policies (rough proportionality, traffic impact study requirements, etc.), Tax Increment Reinvestment Zones and 380 Agreements, and, finally, the establishment of impact fee policies, and the establishment of a transportation utility and implementation of a transportation utility fee.
In May 2014, City Council authorized entering into a professional services agreement with Kimley-Horn for the development of land use assumptions and water, wastewater, and roadway impact fees under Local Government Code 395 and to determine the feasibility of a transportation utility (CCM/R 14-056R). Additionally, in May 2014, City Council also authorized a separate professional services agreement with the Alliance Transportation Group to update the City’s Thoroughfare Master Plan and associated CIP Plan which was necessary to complete the impact fee study (CCM/R 14-058R). The Thoroughfare Master Plan and associated CIP Plan update was adopted by City Council in March 2015 (CCM/R 15-033R).
Throughout the remainder of 2014 and into 2015, presentations were provided to City Council relating to impact fees and the establishment of a transportation utility fee, ultimately, City Council r...
Click here for full text