TO: Committee of the Whole - Planning and Public Works
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Planning and Community Development
Carol Helland
425-556-2107
DEPARTMENT STAFF:
Planning and Community Development
Seraphie Allen
Deputy Director
Planning and Community Development
Jeff Churchill
Long Range Planning Manager
Planning and Community Development
Glenn B. Coil
Senior Planner
TITLE:
title
Development Impact Fees - 2025 Annual Indexing
OVERVIEW STATEMENT:
recommendation
Staff recommends that the City Council adopt an ordinance indexing impact fees for inflation as authorized in RMC 3.10.
Impact fees are one-time charges collected by the City from new commercial and residential developments to fund fire, park, school, and transportation facilities needed to accommodate growth. Impact fees are authorized in RMC 3.10.
Indexing or updating Redmond's impact fees annually allows the rates to keep pace with inflation to maintain the purchasing power of these impact fees and to help provide the capital facilities necessary to serve growth in Redmond. RMC 3.10 establishes the indexes and procedures that the City Council may apply annually to index or update Redmond's impact fees.
The City collects school impact fees on behalf of the Lake Washington School District (LWSD) by interlocal agreement. School impact fees, calculated by LWSD, reflect a proportionate share of the costs of school-related system improvements that are reasonably related to new development.
For 2025,
* Park impact fees will increase by 6.36%,
* School impact fees for single-family homes will increase from $5,149 to $5,972 per unit, and fees for multifamily units will decrease from $352 to $0.
Also to note:
* Fire Impact Fees will not be indexed in 2025. Fire is updating its Functional Plan and will include an impact fee rate study with a proposed new fee schedule based on capital needs related to growth.
* Transportation fees are proposed to be updated through Redm...
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