Develop an Impact Fee Policy that has developers paying to expand identified infrastructure on new development.
City Work Plan
1. Complete Phase II of City’s impact fee study currently underway | Development Services| Complete FY 2021 Q4
2. Organize a steering committee to include staff and elected officials to discuss impact fee policy decisions | Development Services | Start FY 2021 Q2 | Complete FY 2021 Q2
3. Consider policy decisions and obtain City Council approval of an impact fee ordinance | Development Services | Start FY 2022 Q1 | Complete FY 2022 Q2
4. Implement the collection of impact fees consistent with the Council approved policy | Development Services | Start FY 2022 Q2 | Complete FY 2022 Q2
4th Quarter Update September 2021
The City Council held a public hearing on September 1 regarding the proposed implementation of impact fees. Following the public hearing, the DeSoto City Council approved the ordinance adopting impact fees at the recommended level of 40% of maximum allowable collection. The adopted impact fees went into effect on September 22, 2021 for all building permits. This goal has been completed for FY 2021.
3rd Quarter Update July 2021
The Impact Fee Study is on schedule to be completed during Q4. The Impact Fee Steering Committee held a meeting during Q2. Additionally, the City’s consultant is scheduled to present results of the Impact Fee Study to the City Council and discuss implementation policy decisions for consideration during the public hearing scheduled in August. The implementation of Impact Fees will occur once Council has accepted the new Impact Fee Policy and fee percentages have been determined.