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HomeMy WebLinkAbout7, Facility Fee Public Hearing Public Hearing # 7 September 5, 2012 Facilities FeesOrdinance to Adjust Water Public Hearing Regarding an Public Hearing Regarding an Ordinance 2 Adjustment is needed to keep pace with current costs–of Water Facilities Fees2012 Water Master Plan Update recommended adjustment •2005Current Water Facilities Fee Schedule was adopted in April •Background / History to Adjust Water Facilities Fees New Information to Adjust Water Facilities FeesPublic Hearing Regarding an Ordinance 3 Board MeetingConsideration of the ordinance is scheduled for October 3 •Facilities Fee review upon completion of large projects–based upon ENRCCIBeginning in January 2015, annual adjustment for inflation –in period-Two year phase–Facilities Fee adjustments–available to the publicDraft Ordinance was included in Board packets and made • Fiscal Impact$1.61/ square footJanuary 1, 2014$1.625/ square foot60 days after adoption$1.64/ square footCurrent feeUnit ValueEffective Date to Adjust Water Facilities FeesPublic Hearing Regarding an Ordinance 4 Residential Facilities Fees• Fiscal Impact$218,250$193,075$167,9006”$109,125$96,538$83,9504”$65,475$57,923$50,3703”$34,920$30,892$26,8642”$21,825$19,308$16,7901/2”-1$10,912$9,654$8,3951”$6,547$5,792$5,0373/4"$4,365$3,862$3,3585/ 8” x ¾"January 1, 2014Effective After AdoptionEffective 60 Days CurrentSizeMeter to Adjust Water Facilities FeesPublic Hearing Regarding an Ordinance 5 Commercial Facilities Fees• Recommendation to Adjust Water Facilities FeesPublic Hearing Regarding an Ordinance 6 ordinanceConduct the public hearing to receive comment on the draft •