Title
Discuss the Proposed Discount of Roadway Impact Fees as a Targeted Incentive to Promote Economic Redevelopment
Summary
MEETING DATE: December 6, 2011
DEPARTMENT: Development Services - Planning Department
CONTACT: Kevin Spath, AICP, Assistant Director of Planning
RECOMMENDED CITY COUNCIL ACTION:
· Discuss and provide feedback to Staff regarding how to proceed with drafting the necessary ordinance amendments for formal adoption by City Council in January 2012.
ITEM SUMMARY:
· At the September 26th special work session, Staff and the consultant team presented to City Council an update on the status of the creation of a coordinated Business Plan for McKinney’s Town Center (CC item #11-455). The presentation specifically included a discussion about the broader policy issue of roadway impact fees as a monetary disincentive to small-scale infill redevelopment in the Town Center. The presentation also included a discussion about the City’s possible creation of a targeted incentive to promote economic development/redevelopment in the Town Center through the reduction/elimination of roadway impact fees. The City Council indicated general support of the idea.
· Discussion on this topic continued at the October 4th regular meeting during City Council’s consideration of the appeal of roadway impact fees requested by Louisiana Street Grill (CC item #11-136M). At that time, City Council requested that Staff compile additional data on the broader policy issue.
· At the November 1st work session, Staff presented the requested additional data (CC item #11-508). Staff’s presentation also included a recommended approach for creating a targeted incentive specifically regarding the elimination of roadway impact fees in McKinney’s Town Center by building upon the City’s existing Neighborhood Empowerment Zone (NEZ) program. City Council provided additional feedback and requested Staff to compile some specific additional data in order to help guide the broader policy ...
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