TO: Committee of the Whole - Planning and Public Works
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Planning and Community Development
Carol Helland - Director
425-556-2107
Planning and Community Development
Beverly Mesa-Zendt - Deputy Director
425-556-2423
DEPARTMENT STAFF:
Planning and Community Development
Judy Fani
Principal Planner
Planning and Community Development
Caroline Chapman
Senior Planner
TITLE:
title
2021 Annual Indexing of Development Impact Fees
OVERVIEW STATEMENT:
recommendation
The purpose of this briefing is to inform the Committee that at the October 20, 2020 Regular Business Meeting staff will present the methodology used to annually index the City's impact fees. Impact fees are one-time charges collected by the City of Redmond from new commercial and residential developments. Indexing is required by the Redmond Municipal Code (RMC) 3.10 and staff will be presenting the 2021 impact fee recommendation in a Staff Report on October 20. The school impact fee calculation reflects a proportionate share of the costs of school-related system improvements that are reasonably related to new development. The City of Redmond has collected and distributed these fees to LWSD under at 2006 interlocal agreement with the District.
body
? Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
? Receive Information ? Provide Direction ? Approve
REQUEST RATIONALE:
* Relevant Plans/Policies:
N/A
* Required:
Redmond Municipal Code 3.10 Impact Fees
King County Code 21.A.43.040 - Impact Fee Collection for School Districts
2006 Interlocal Agreement (between the City of Redmond and LWSD) for the Collection, Distribution and Expenditure of School Impact Fees
* Council Request:
N/A
* Other Key Facts:
Annual Index
OUTCOMES:
Impact fees:
* Contribute toward funding public infrastructure that is needed to accommodate population and employment growth.
* Can only be used to pay for new system ...
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