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10-22-13 Impact Fee MinutesIMPACT FEE ADVISORY COMMITTEE MEETING MINUTES MEETING WAS HELD AT 4:00 P.M., TUESDAY, OCTOBER 22, 2013 AT CITY HALL COUNCIL CHAMBERS Attendees: Board members: Chad Graham, Jeff Zauner, Larry Sartain, Rick Wills, Jason Mueller Others Present: Susie Turner, Terri Loudermilk, Paul Burnham Chad Graham called meeting to order and commenced with roll call at 4 PM Chad Graham called for public comment, none noted. Susie Turner reviewed and discussed with the committee her responses to questions previously submitted by the public. Discussion continued on the September 2012 Wastewater Impact Fee Report. Susie Turner informed the committee the 2013 estimated construction costs for the committed extensions have increased since they were last calculated. Increasing base rates in conjunction with increasing impact fees was discussed. Chad Graham asked for the amount base rates would need to increase to absorb the proposed increase. Larry Sartain suggested having property taxes from future subdivided unimproved lots re- allocated so more revenue is directed towards infrastructure at a time when the lots are not impacting the city amenities. Paul Burnham suggested the lack of funding recoupment would cause us to go further in the hole. Jason would like to know what percentage the proposed impact fees would be on a $250,000 home. The agenda for next meeting will be continued discussion of the Wastewater impact fee report and include; updated documents with 2013 estimated construction costs for committed extensions, estimated annual impact fee revenue based on 2% growth rate, estimated annual bond payment amount on committed extensions, amount sewer utility base rate would need to increase to absorb an impact fee increase, sewer utility rate comparisons with other Cities, possible recommendation vote. Jeff made a motion to adjourn at 5:46, seconded by Larry, motion carried. Date of Next Meeting: November 26, 2013 at 4:00 p.m. Respectfully Submitted: Larry Sartain