Development Impact Fee Process
Development Impact Fees are assessed to contribute to costs associated with infrastructure and necessary public services that need to be expanded as a direct result of development within the City of Prescott. The development areas (infill, annexations) still require substantial investment and construction of capital facilities before or in conjunction with future development.
Since not all water and wastewater areas have the same capital facility requirements the City is divided into separate fee areas so that the fees charged in any one fee area pay only for infrastructure which provides a direct benefit to that particular fee area. For example: the Water System Impact Fee for Service Area 'F'(SR69 corridor) funds only water system improvements that directly benefit that area. It does not fund water system improvements in Water System Impact Fee Service Area 'J'(Copper Basin Road), which do not directly benefit from water system improvements in Water System Impact Fee for Service Area 'F'. In addition, fees vary by infrastructure needs identified in the Infrastructure Improvement Plan (IIP) and growth potential.
Public Hearing on Development Impact Fee Report
April 1, 2014 at 3:00 pm Council Chambers
201 South Cortez
Development Impact Fee Documents
- Development Impact Fee Report and Appendix (DRAFT)
- Infrastructure Improvement Plan and Land Use Assumptions (ADOPTED)
Development Impact Fee Study Schedule
Note: Dates are subject to change.