ELOY — After nine months that included multiple public hearings, updates and adoptions, the Eloy City Council reached the final step of the Infrastructure Plan and Development Impact Fee Study on Monday evening.
The council approved the final adoption of development impact fees on new residential and commercial developments to offset infrastructure costs for necessary public services.
The one-time payments can be used for infrastructure improvements or debt service for growth-related infrastructure but cannot be used for operations, maintenance, replacement or correcting existing deficiencies.
Project Manager Jerry Stabley told the council that the fees are in line with surrounding communities and are slightly less.
The city’s current fees, both development and capacity fees, for single-family units and multifamily units are $5,378 and $95,051. Both units will see an increase in the new fees, $6,465 for single-family and $163,892 for multifamily.
Commercial and office units will see a decreased fee of around $6,000.
“These would be what you would pay coming in the door both for the development fee combined with the capacity fee charge that we approved last month,” Stabley said. “The reason that the charges are up for the single-family is because we have programed over $2.7 million worth of improvements to our parks in the future and we’re looking to pay for those through our impact fees.”
Stabley added that commercial and office developments will make little use of the parks, unlike the residents. He also mentioned that in a 30-year mortgage, it is only an extra $5 a month and reiterated that this is only for new developments, not existing homes.