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HomeMy WebLinkAboutMemo - Mail Packet - 03/04/2025 - Memorandum from Josh Birks and Joe Wimmer re Work Session Summary February 11, 2025 – Impact Fee RealignmentFinancial Services 215 N. Mason Fort Collins, CO 80524 970.416.2367 CC: Jacob Catillo, Director Sustainability Services; Gretchen Stanford, Interim Director Financial Services WORK SESSION MEMORANDUM Date: February 18, 2025 To: Mayor and City Councilmembers Through: Kelly DiMartino, City Manager Tyler Marr, Deputy City Manager From: Josh Birks, Sustainability Services Deputy Director Joe Wimmer, Utilities Finance Director Subject: Work Session Summary February 11, 2025 - Impact Fee Realignment BOTTOM LINE The purpose of this memo is to document the summary of discussions during the February 11th Work Session on Impact Fee Realignment. All Councilmembers were present with Councilmember Pignataro attending remotely. Staff proposed a workplan for reexamining the City’s 2023 capital expansion fee studies and updating the City’s fee schedule for an anticipated 2026 fee implementation. Fees included within the scope of the studies and workplan include parkland, police, fire, general government, and transportation capital expansion fees. DISCUSSION SUMMARY City Councilmembers are in support of exploring realignment of the City’s 2023 capital expansion fee studies to City priorities and objectives. Staff outlined preliminary methodological options to evaluate including various level of service assumptions and fee schedule square footage categories. Councilmembers encouraged assessment of typical unit sizes being developed in Fort Collins and the respective fee categories. Other adjustments being explored should be evaluated for financial impacts and connection to Council priorities. NEXT STEPS Staff will bring forward proposed adjustments and financial impacts to a Council Finance Committee meeting in the 2nd quarter of 2025 and a subsequent work session. Dependent on legal review and methodological assessment, staff will recommend an adjusted fee schedule for adoption in 2025 for January 1st, 2026 implementation. Docusign Envelope ID: 68AF490A-015C-414D-B13D-9A69621452F2