COMMITTEE AGENDA MEMORANDUM
Board Policy and Monitoring Committee
Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)
SUBJECT: title
Receive Update on Final Results for the Flood Control and Water Supply Development Impact Fee Analyses and Provide Recommendation to the Board as needed.
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RECOMMENDATION: Recommendation
Receive update on final results for the Flood Control and Water Supply Development Impact Fee Analyses and provide recommendations to the Board as needed.
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SUMMARY:
NBS Government Finance Group was retained in 2021 to perform a comprehensive Water Supply and Flood Protection Development Impact Fee Analysis (Study) for Valley Water.
Broadly defined, a development impact fee is a one-time charge imposed by local governments on new construction projects to fund infrastructure to serve that development, such as water service or flood protection services. Development impact fees shift capital costs from general rate or tax payers to new developers, ensuring growth pays for its fair share of growth.
Local governments, like cities and counties (also referred to as land use agencies) typically collect development impact fees along with building permit fees. Valley Water is not a land use agency.
Phase 1 of the Study:
Over the last several years, separate analyses were conducted for both Water Supply and Flood Protection to determine if development impact fees are feasible, and if so, calculate what the fee could be. Attachment 1 is a PowerPoint summarizing methodology and results of the Study. Attachment 2 is the Final Report for the Study.
Phase 2 of the Study:
Pending Committee recommendations, and ultimately direction from the Board, Phase 2 of the project would be to engage with other agencies and the local development community to implement development impact fees.
Should the Board decide to pursue implementation of development impact fees, the first step would be to initiate ...
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