Impact Fee Update
New growth and development in the City of Renton creates additional demand and need for public facilities. State law authorizes cities to charge impact fees. These fees pay a proportionate share of the cost of system improvements to serve such new development. This is done through impact fees for transportation, parks, and fire protection.
The City has been working on updating impact fees because the current rate has been in place since 1994. A rate study was completed in August 2011 and then the City began meeting with stakeholders and developing the proposed fee structure. Following receipt of the rate study, the City initiated a comparison of those potential fees and the proposed fees to those of 8 peer jurisdictions. This analysis indicates that the total fees are below the average of peer jurisdictions.
- Comparison Charts of total fees for: Single Family, Multi-Family, Office, and Retail.
- The proposed fees are only a portion of the amounts identified in the Rate Study.
- The proposed Fire fee is discounted by 1/3 of the amount identified in the Rate Study.
- The proposed Parks fee is discounted by 2/3 of the amount identified in the Rate Study.
- The proposed Transportation fee is discounted by 2/3 of the amount identified in the Rate Study.
Given the significant increase between the current fees and the updated fee amounts, the Administration created a schedule of phased increases in over five years, with no increase in 2012 or 2013. In this phased approach the first increase would occur in January 2014, with incremental increases each January until 2016. The phase-in schedule is summarized in this table.