The City of Prescott is evaluating current development impact fees and utility rates. The study will guide the City Council on setting rates and fees to pay for both the projected future infrastructure needs of the city and utility operations. This page will contain information about the combined process.
The main objective of the utility rate study includes developing financial plans for the water and wastewater enterprises to ensure financial sufficiency, meet operation and maintenance costs, ensure sufficient funding for the capital replacement and refurbishment needs, and maintain the financial health of the enterprises.
That main objective is then balanced with a cost-of-service analysis by customer classes, and design rates consistent with the City’s priorities that recover customer class cost of service.
This rate study will be done simultaneously with the development impact fee study to balance which capital project needs are attributed to new development and can be recovered through the development impact fees.
The schedule of events for meetings is in the table below and the associated documents will be posted as they become available.
| Type | Date | Description | Document |
|---|---|---|---|
| Council Meeting | February 13, 2024 | Adoption of Notice of Intent (Revised), set public hearing date for utility rates | |
| Public Notice | April 27, 2024 | Publish “Water and Wastewater Rate Study Report – Apr 26, 2024” | |
| Council Workshop | May 14, 2024 | Study session on utility rates | |
| Council Meeting | May 28, 2024 | Public hearing and adoption of utility rates | |
| Effective Date for Rates | July 1, 2024 | New utility rates in effect |
Development Impact Fees for infrastructure are assessed to contribute to costs associated with various infrastructure and necessary public service improvements that need to be expanded as a direct result of development within the City of Prescott.
New development areas can require substantial investment and construction of capital facilities before or in conjunction with future development depending on the location of the development and existing infrastructure.
The schedule of events for meetings is in the table below and the associated documents will be posted as they become available.
| Type | Date | Description | Document |
|---|---|---|---|
| Public Notice | March 26, 2024 | Publish Infrastructure Improvement Plan and the Land Use Assumptions for the Development Impact Fees | |
| Council Workshop | May 14, 2024 | Study session for impact fees (Infrastructure Improvement Plan and Land Use Assumptions) | |
| Council Meeting | May 28, 2024 | Public hearing on the Infrastructure Improvement Plan and Land Use Assumptions | |
| Council Workshop | July 9, 2024 | Study session on impact fees | |
| Council Meeting | July 9, 2024 | Adoption of the Infrastructure Improvement Plan and the Land Use Assumptions Adopt Notice of Intent and set public hearing on impact fees | |
| Public Notice | July 12, 2024 | Publish Impact Fee Reports Non-Utility and Utility | |
| Council Meeting | August 13, 2024 | Public hearing on impact fees | |
| Council Meeting | October 8, 2024 | Adoption of impact fees Final report | |
| Effective Date for Impact Fees | January 1, 2025 | New impact fees in effect |
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