City council makes final decision regarding impact real estate fees
Wednesday night Grand Junction city council made a final decision regarding the proposed Impact Fees.
We first brought this story to you on Monday. A 2019 Bray Real Estate Report says that impact fees for police, fire, parks and traffic has been proposed. This will mostly impact new real estate and new home buyers. City officials believe there is a need for infrastructure improvements in order to keep up with constant growth in Grand Junction. The Housing and Building Association of Western Colorado says that all together fees can be over $10,000 dollars for a single family home.
“It’s got to be fair between new growth, new citizens, new businesses and the people in businesses that are here today,” says Mayor Rick Taggart.
City council says they would like to start putting the impact fees into place in January.
According to the most recent information from city council, “The second motion made by council was: 75% of the recommended fees for transportation and parks implemented over four years, police and fire fees starting in 2022 and no increase to municipal and facility fees. Council passed this four to three”.