Title
Receive the July 2024 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 July 2024 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 July 2024 Semiannual Report covers the roadway, water, and wastewater impact fee program for the first six months of the calendar year. The first half of 2024 has seen a significant increase in impact fee collections compared to 2023. The City has already collected more in the first half of 2024 than all of 2023 for roadway and wastewater impact fees. The increase in the collection amount is attributed to increased permit activity for new single-family homes and the increased fee rate for water and wastewater adopted in 2022.
Attachment(s)
July 2024 CIAC report
CIAC Minutes
Drafter
Garrett Langford
Head of Department