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Increased parks impact fees for Saratoga Springs April 16, 2018, 9:02 amAn assessment by Zions Bank requested by city officials to assess the level of service that is currently provided to existing residents and what would be needed to maintain that level of service for future residents determined that impact fees for those amenities needed to be increased. The impact fee will be $2,388.44 this year for each new residential unit. Previously, it was $1,800 per unit. Over the next 10 years, the fees will gradually increase from that $2,388.44 to $2,825.82 for each new residential unit. The increase is necessary since the bond credit that accounts for the outstanding sales tax revenue decreases each year so the net impact fee increases proportionately, Public Works Director Jeremy Lapin told the city council at their February 20 meeting. The city last raised its parks, recreation, trails and open space impact fees in 2005. Impact fees are only charged on new development. The community news source for Eagle Mountain Utah, Saratoga Springs Utah, Lehi Utah, American Fork Utah, Highland Utah, Alpine Utah, and The Cedar Valley, including Cedar Fort Utah and Fairfield Utah. Copyright 2024 The Crossroads Journal LLC. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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