Rio Rancho Impact Fees

Of some relevance to the current discussions about development impact fees in Albuquerque, from Josh Akers in this morning’s Journal (sub. req.):

Developers could be paying more to build in Rio Rancho by the end of the year.
Rio Rancho city councilors are considering a proposal to increase impact fees charged to developers by 62 percent by January 2008.
The council had its first look at the proposal Wednesday night.
The proposal is the result of more than two years of work with two different consultants to figure out what developers should be paying for streets, parks, public safety, water and other infrastructure needs.
Developers currently pay $6,094 in impact fees to build a single family home.
Under the proposal a developer would pay $9,882 in impact fees by January 2008.
“It is a very important process and with all the growth we are having there is a large number of dollars coming from impact fees,” Palenick said. “This is a draft, a recommendation. We will listen to legitimate input and the number could change.”