The details
The 80.69-acre parcel is a portion of a 160-acre undeveloped tract within the city, and the agreement was for the first half of the development. The city will provide service for 139 units.
While the development is not expected to break ground soon, the term of the agreement is seven years, and will be extended to 15 years if construction begins within that timeframe.
Upon full completion, the development will include town homes, single family residential and homes designed for senior living.
Water impact fees for the development are set at $8,677.30 per unit, resulting in a total impact fee of around $1.2 million. Wastewater impact fees will also be paid in the total amount of around $831,000.
Alongside impact fee payments, the developer will pay for a water main expansion to the development, which was a project the city budgeted for. With the agreement, the city will save around $650,000 from the project cost. Saved project costs can be reallocated to other utility related projects, Watanabe said.
The city and developer will also share the cost of the extension of a main from the Elmo Davis water plant. This project is expected to be completed in conjunction with the expansion of Dietz Elkhorn Road.
What they’re saying
Council member Emily Stroup brought up the locked-in rate of the impact fees, which would keep the developer at the current fee, even if the fees are increased prior to the start of development.
Watanabe said if the developer were to develop the other portion of the 160-acre tract, an additional Utility Services Agreement would be implemented, or the agreement would be updated. Upon this update, the impact fees and water main contribution could be revisited.
The expanded water lines will help support city water infrastructure to handle growth and increased capacity.
