MEMO TO: Members of the City Council
FROM: Mayor John Marchione
SUBJECT:
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2020 Annual Indexing of Development Impact Fees
I. RECOMMENDED ACTION
recommendation
Receive a staff report regarding the recommended annual indexing of impact fees and related code revisions and set a date for adoption of the required fees.
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II. DEPARTMENT CONTACTS
Erika Vandenbrande, Director 425-556-2497
Carol Helland, Deputy Director 425-556-2107
Beverly Mesa-Zendt, AICP, Planning Manager 425-556-2423
Judy Fani, Senior Planner 425-556-2407
Planning and Community Development Department
III. DESCRIPTION/BACKGROUND
Each year the City Council is authorized to update the development impact fee rates - for parks, fire, transportation, and school projects - to ensure that 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 2020 increases for the various development impact fee rates are listed below, with the 2019 increase shown in parentheses for comparison.
* Fire: 2.95% (+14.2%)
* Transportation: 4.97% (+42.0%)
* Parks: 4.00% (+19.6%)
Impact fees vary between municipalities, due to each city's unique combination of budget structure, revenue streams, and anticipated growth. Similar to last year, Redmond charges are recommended to be higher than the regional average for commercial properties, and slightly lower than the regional average fee for single-family residential, and just about average for multi-family residential.
School Impact Fees
Redmond currently collects pass-through school impact fees on behalf of the Lake Washington School District (LWSD). The District's requested school impact fees are $13,633 per single-family unit and $1,388 for each multifamily unit. The single-family fee is an increase of $1,339 and the multi...
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