Impact Fees
An impact fee under Texas State law is defined as a charge or assessment imposed against a new development in order to generate revenue for funding, or recouping the costs of capital improvements or facility expansions necessitated by and attributable to the new development. Impact fees includes amortized charges, lump-sum charges, capital recovery fees, contributions in aid of construction, and any other fees that function as described by this definition.
Current impact fees are derived from the Impact Fee Ordinance 2012-478 (PDF) and are managed by the Capital Impact Fee Advisory Board, which advises and assists City Council in adopting and updating land use assumptions, capital improvement plans, and impact fees.