Fiscal Note
This proposed ordinance would establish the Valley View Road Sewer and Drainage Improvement Impact Fee District and authorize a development impact fee to reimburse the City for costs of the sanitary sewer facilities and for costs of the storm water management facilities other than the costs assigned to existing developed parcels. Based on the needs assessment prepared by staff, the total cost of the sanitary facilities is estimated to be $456,348.58 and the total cost of the storm water management facilities is estimated to be $620,306.79. Construction of all the facilities (and purchase of necessary land) is to occur mostly in 2005 and be completed in 2006. Of the total estimated costs, the City's Storm Water Utility shall fund $62,942.64 and the remainder of the Storm water management costs, and all of the Sanitary Sewer costs, is to be reimbursed through the Impact Fee and/or assessments or connection charges.
The 2005 Capital Budget includes funding for the project associated with the implementation of this Impact Fee District, under both the Sanitary Sewer Utility and the Storm Water Utility. Project #6 "Additions to Collection System" of the 2005 Sewer Utility Capital Budget contains $365,000 for this project under the subcategory "a West side extension to serve the proposed University Research Park". (Account ES01-58275-810335). In addition, Project #9 "Assessable Drainage improvements" of the 2005 Stormwater Utility Capital Budget contains $585,000 for this project under the subcategory "a Westside Greenway purchase and construction from Hawks Landing to Valley View". (Account ESTM-58270-810387). A total of $950,000 in funding is therefore contained in the 2005 Capital Budget. Total project costs for the two-year period of 2005 and 2006 are estimated at $1,076,655.37 (from above, $456,348.58 + $620,306.79). No further amendment of the 2005 Capital Budget is anticipated at this time. There is no additional impact anticipated upon ...
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