Translate[Archived] Question #66: What would be the revenue produced if 1) there was no cap on development fees or 2) if that cap was lifted to $100,000?
Question:
What would be the revenue produced if 1) there was no cap on development fees
or 2) if that cap was lifted to $100,000?
Response:
The FY 2019 Proposed Budget includes increasing the fee cap on large
projects from $60,000 to $80,000, generating an estimated additional $288,175
in revenue above the current FY 2018 approved fees. Increasing the fee cap to
$100,000 would generate an additional $408,175 above the current FY 2018
approved fees, or an additional $120,000 above the FY 2019 proposed fees.
Finally, eliminating the cap would generate an additional $502,975 above the
current FY 2018 approved fees, or an additional $214,800 above the FY 2019
proposed fees.
It should be noted that increasing fees may negatively affect
development activity, particularly as it relates to whether the public views
the City as welcoming or unwelcoming to new development.
Normally staff would speak with the development community regarding any fee increases or fee changes and collect comparator information from local jurisdictions. Due to the timing of this question, staff will not be able to ensure that the development community is aware of this proposed change or ensure that they will have time to respond to it. Given the timing, staff recommends against adopting this fee increase on such short notice during the add/delete process.