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
1st Quarter Update January 2021
The impact fee study is scheduled to be completed in the 4th quarter of FY 2021. Per State Law, a Capital Improvements Advisory Committee (CAIC) was formed to advise the City on the need to update or revise impact fees. The City of DeSoto’s Planning and Zoning Commission serves as the CAIC. As part of the Impact Fee analysis, the City’s consultant, Freese and Nichols, is currently collecting data for the financial study to be used in determining the potential impact fee collection percentage. Additionally, Freese and Nichols will draft an impact fee policy with input from a steering committee consisting of City Council appointees, as well as staff members from Development Services and Finance. The draft impact fee policy will be presented to City Council for review and approval in Quarter Two.