Impact Fee Study
Chapter 395 of the The Texas Local Government Code allows cities to create one time "impact fees" focused on funding the infrastructure necessary to specifically accommodate new development or re-development, e.g. projects made necessary due to increases in demand.
Typical projects included in impact fee studies and fee collection include water sourcing, transmission, storage and distribution lines; wastewater (sewer) collection lines and treatment; widening of streets, installation of turn lanes and installation of traffic signals; and storm water drainage conveyance.
Without impact fees, cities must fund infrastructure improvements typically through more traditional ways such as bond issuance or pay as you go using tax or rate payer funding. The consideration for adopting impact fees is that growth in the form of new development should help pay its own way: “Growth Pays for Growth".
PURPOSE OF IMPACT FEES
IMPACT FEES CANNOT PAY FOR:
Without impact fees, the city's traditional sources of funding must pay for growth. Existing and future rate/tax payers pay for the costs of all capital facilities. With impact fees tied to a capital improvement plan, new development and re-development share in part of this responsibility. Impact fees help alleviate the burden on existing rate/tax payers for new facilities or new infrastructure that serve new growth.
Historically, Irving has chosen not to implement impact fees on development. However, the ever increasing cost of construction requires that the city consider alternative methods of funding these needed improvements so that the city can continue to grow and thrive.
Tentative Advisory Committee Meeting Schedule
|Meeting #1||Thursday, Nov 17, 2022||Impact Fee 101, and |
Land use assumptions introduction
|Meeting #2||Tuesday, Jan. 10, 2023||Land use assumptions|
|Meeting #3||Tuesday, April 18, 2023||Capital improvement programs for water/wastewater, traffic, drainage|
|Meeting #4||Tuesday, Sept. 12, 2023||Maximum allowable impact fees|
All meetings to be held at Irving City Hall, 825 W. Irving Blvd., in the First Floor Council Conference Room at 6 p.m., unless otherwise stated on the posted agenda for the meeting.
Additional meetings may be scheduled by the committee or requested by the consultant as needed.
Tentative Public Hearing Schedule
|Public Hearing #1||June 2023||Discussion at City Council meeting|
|Public Hearing #2||October 2023||Discussion at City Council meeting|