Title
Receive the January 2025 Semiannual Report for impact fees from the Capital Improvements Advisory Committee in accordance with Section 395.058(c)(4) of the Texas Local Government Code.
Body
In accordance with Chapter 395 of the Texas Local Government Code, the Capital Improvements Advisory Committee (CIAC) is forwarding the January 2025 Semiannual Report to the City Council for receipt. The CIAC is the committee that advises the City Council regarding roadway, water, and wastewater impact fees.
The report covers impact fee activity for Calendar Year (CY) 2024. Total collections for roadway, water, and wastewater impact fees increased significantly in CY 2024, totaling $9,844,291.00, compared to $4,524,480.00 in CY 2023-an increase of 117 percent.
This notable growth is primarily attributed to:
• An increase in building permit activity for new single-family homes and multifamily projects; and
• The higher fee rates for water and wastewater that were adopted in 2022.
Attachment(s)
January 2025 CIAC Report
CIAC Minutes
Drafter
Garrett Langford
Head of Department
Adam Bailey