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Timeline <br /> A notice and Public Hearing are required prior to making a change to the existing impact fees. The <br /> timeline involved in making a change is: <br /> • Sixty (60) days prior to holding a public hearing, a notice of intent must be issued along with a <br /> public written report. The report includes a needs assessment, documentation that supports <br /> the assessment of an increased or new fee, and the method by which the fees were calculated. <br /> • The City then must hold a public hearing on the proposed increased or new development fees <br /> at any time after the expiration of the sixty (60) day notice of intent and at least fourteen (14) <br /> days prior to the scheduled date of adoption of the increased or new fees. <br /> • The impact fee assessed pursuant to the ordinance does not become effective until ninety (90) <br /> days after its formal adoption by the Council. <br /> • The entire process takes a minimum of 164 days. <br /> Rounding <br /> The report uses rounded amounts; therefore, the sums and products generated in the analysis may <br /> not equal the sum or product if the reader performs calculations with the factors shown in the <br /> report. To compensate for rounding, the actual fees are rounded down to the nearest whole <br /> I► dollar. <br /> The remainder of the report contains the following information: <br /> Fire, Police, Parks, Recreation, Library, and Public Buildings and Fleet Impact Fee Reports <br /> Appendices <br /> Demographic Information <br /> Impact Fees; inception to date collections and expenses <br /> Estimated Potential Revenues <br /> Summary of Potential Uses of Funds <br /> Vehicle Replacement Estimates <br /> Major Equipment Listing: Police, Fire and Library <br /> Escalator Calculation Example <br /> Arizona Impact Fee Statute <br /> Arizona City Survey Results <br />