Council approves transportation impact fee collection rate

Published on December 02, 2022

The City Council unanimously approved an ordinance amending the collection rate for assessed impact fees for transportation facilities (Schedule 2) effective June 1, 2023.

The ordinance authorizes the collection rate for residential areas to be phased annually until reaching 65% beginning June 1, 2023:

  • Permits from June 1, 2023, to May 31, 2024, will be at 50% of Schedule 1.
  • Permits from June 1, 2024, to May 31, 2025, will be at 55% of Schedule 1.
  • Permits from June 1, 2025, to May 31, 2026, will be at 60% of Schedule 1.
  • Permits from June 1, 2026, to May 31, 2027, will be at 65% of Schedule 1.

The nonresidential collection rate was set at 40% of the maximum assessable rate (Schedule 1).

Service areas AA, D and F collection rate will be set at the maximum assessable rate (Schedule 1) for both residential and nonresidential uses.

The ordinance will now include language to exempt charter and private schools from paying transportation impact fees.

The ordinance also establishes a new small-business discount:

  • The amount of transportation impact fees due under Schedule 2 shall be reduced by 25% for a nonfranchise development that meets all of the following qualifications determined by the Development Services Department and the Economic Development Department:
  1. Registered DBA (doing business as) with the Texas Secretary of State with a physical Fort Worth business address that is not a post office box.
  2. Business must not be a subsidiary of a larger company nor a franchisee of a chain.
  3. Annual revenues of less than $500,000.
  4. 25 employees or fewer.
  5. Business operations of three years or less.
  6. Business must be registered in Fort Worth.
  • Sexually oriented businesses and game rooms are not eligible for this discount.
  • The terms related to this discount shall be incorporated within an agreement for credits pursuant to §30-182.

Learn more about transportation impact fees.

 

 

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