GRAND JUNCTION, Colo. (KKCO/KJCT) It's no secret that Grand Junction is growing. The city is trying to make sure there's enough funding to pay for certain projects in the future.
They're doing this by looking at impact fees. These help pay for projects that come from development.
"We want to make sure that no matter what we do, we are maintaining our quality of life around here,” said Barbara Traylor Smith, the mayor of Grand Junction.
Moving forward, a study will be done about impact fees. One specifically is the transportation capacity payment.
"Those funds that are collected, then are used to help expand capacity on our road network," said Trent Prall, the city’s public works director.
Whenever there's a new development, the developer or new residents will have to pay this fee. It depends on the project. The fee will help with road projects associated with the new development.
"Major turn lanes constructed on North Avenue like the O’Reilly’s Auto Parts. That was constructed with money from the TCP that was received previously as well as that development,” said Prall.
The funding comes from both the new development and sales tax.
"That is a cost share with the general public as well as we benefit from those improvements as well for smoother traffic flow along a road corridor,” said Prall.
The money will go towards roads and public safety or park improvements.
"It might be for a new fire station," said Prall. “Matchett Park other than having Frisbee golf there really isn't any other improvements out there at this point."
All to help lead the city to reach its goal of becoming the most livable community west of the Rockies by 2025
"We've always said Grand Junction has a great quality of life,” said Smith.
The study that the city is now looking to move forward with will look at a number of things like should the current TCP be raised, how much should new development fund it and how much should current taxpayers fund it.
The current fee is $2,554. It hasn't been raised since 2008.