19/08/2024 | Press release | Distributed by Public on 20/08/2024 03:52
The City of Grand Junction will host its second community meeting about the Impact Fee Study update on Thursday, August 29, 2024, at 5:30 p.m. in the Fire Training Room located at 625 Ute Avenue. An impact fee study is conducted every five years to assist in offsetting the costs of new capital construction such as streets, parks, and public safety facilities. Community participants can also join the meeting virtually.
The impact fee study update process includes engagement with stakeholders and other interested community members through informational and feedback sessions.
The city has contracted TischlerBise to develop an updated impact fee study to identify supportable fees for transportation infrastructure, municipal facilities, parks, public safety (fire and police), and affordable housing. TischlerBise is a fiscal, economic, and planning consulting firm that has prepared more than 1,000 impact fee and infrastructure financing studies across the country.
The city's last fee study for transportation, police, fire, parks and municipal facilities was completed in 2019. The City's municipal code requires the study to be reviewed at least once every five years by an independent consultant. Representatives from TischlerBise will be presenting information about impact fees and the related methodology, process, and timeline for completing the fee study. TishlerBise will be working to complete the fee study by late fall 2024.
Impact fees are one-time payments charged to new development and help to ensure that the city can maintain the current levels of service by offsetting the costs of new capital construction necessary to accommodate new development and growth. These fees are used solely to fund growth-related city capital improvements. Fees charged to new development are proportionate to the development's share of these capital costs.
Community members can provide their feedback on EngageGJ.org or by attending the upcoming community meeting.