City Updates Development Impact Fees

Aug 11, 2014

 

The Alameda City Council approved updates to the City’s development impact fees on July 1, 2014. The updated development impact fees take effect on September 19, 2014. Development impact fees require new development to pay its fair share for the impact of development on the City’s public facilities, such as parks, public safety, and transportation facilities. These fees are only charged to new development, not to existing residents and businesses. Between now and 2040, new development is slated to pay $600 million in impact fees to construct needed capital facilities throughout the City and Alameda Point.

 

A significant portion of development impact fees paid by residential developers will fund new and improved parks and athletic facilities. The Jean Sweeney Open Space Park, Estuary Park Athletic Field Complex, and Alameda Point Sports Complex are examples of projects partly funded by impact fees.

 

For more information, please see the staff report and nexus study here. If you have any questions, please contact Liam Garland, Administrative Services Manager, Public Works, at 510.747.7962 or lgarland@alamedaca.gov