Waterloo waiving all impact fees.

IMPORTANT NOTE: 

As of August 1, 2019, the Waterloo City Council is waiving 100% of impact fees for all Waterloo projects for two years. 
This represents a thousands of dollars in savings to any developer or building comparing Waterloo to other communities. Take advantage of the savings - now.

2019-06-20 Impact Fee Review & Recommendations Report

 

What are Impact Fees????l

ImpactFeeOverview2

 

Impact Fees - Audited Financial Reports

The City has received impact fees since 2006 which must be spent in accordance with the local ordinance and state statutes. 

As of January 1, 2019 Clerk/Treasurer's office administers four Impact Fee Funds: 201 (Stormwater), 202 (Public Works), 203 (Parks & Recreation) and 204 Sanitary Sewer. On October 4, 2018 at the request of the Utility Superindent and the Water & Light Commission the City Council repealed the Water Impact Fee (formerly fund 205).

Impact fees are fees that are collected in order to pay for the capital costs to construct, expand or improve public facilities which are necessary to accommodate land development in Waterloo. The imposition of impact fees is intended to ensure that public facilities are adequate to meet the development needs of the City and that new development pays a proportionate share of new, expanded or improved facilities required by such development. Impact fees are determined at the time of development approval and are generally payable in full, at the annually adjusted rate then in effect, at the time of issuance of any building permit.

If a fee is not spent within seven years of receipt it must be refunded to the current property owner.

As of January 1, 2019 Clerk/Treasurer's office administers four Impact Fee Funds: 201 (Stormwater), 202 (Public Works), 203 (Parks & Recreation) and 204 Sanitary Sewer. On October 4, 2018 at the request of the Utility Superindent and the Water & Light Commission the City Council repealed the Water Impact Fee (formerly fund 205).

Background Information - Local, State and Other Resources

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