MEMO TO: Members of the City Council
FROM: Mayor John Marchione
SUBJECT:
title
Annual Indexing of Development Impacts Fees for 2019
a. ORDINANCE NO. 2935: An Ordinance Amending Redmond Municipal Code Chapter 3.10, Subsection 3.10.080(B), Fire Impact Fee Schedule, Subsection 3.10.080(C), Park Impact Fees Schedule, Subsection 3.10.080(D), School Impact Fees, and Subsection 3.10.100(C), Transportation Impact Fee Schedule; Providing for Severability; and Establishing an Effective Date
I. RECOMMENDED ACTION
recommendation
Staff recommends approval of the attached ordinance amending the City's Development Impact Fees (RMC Chapter 3.10) as part of the Consent Agenda.
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II. DEPARTMENT CONTACTS
Erika Vandenbrande, Director, Planning and Community Development, 425-556-2417
Jae Hill, Long Range Planning Manager, 425-556-2414
Janet Lee, Planner, 425-556-2411
III. DESCRIPTION/BACKGROUND
Each year the City Council has the option to update the development impact fee rates to ensure that the fees and the capital projects they help fund keep pace with inflation. The attachment to this memo summarizes the indexes and methodology used, as specified in Chapter 3.10 RMC - Impact Fees.
Development Impact Fee Indexing
The recommended 2019 increases for the various development impact fee rates are listed below, with the 2018 increase shown in parentheses for comparison.
* Transportation: +3.5% (+1.91%)
* Fire: +2.58% (+2.13%)
* Parks: +3.34%
Impact fees vary between municipalities, due to each city's unique combination of budget structure, revenue streams and anticipated growth. Consistent with previous years, Redmond charges slightly higher than the regional average for impact fees on commercial properties, and lower than the regional average on residential properties.
School Impact Fees
Redmond currently collects pass-through school impact fees on behalf of Lake Washington School District (LWSD). The recommended 2019 fees, as specified in the District's 2...
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