November 16, 2024 11:51 pm
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Eloy to raise development fees between 274% to 1234% based on projected growth

EloyBy Lora Neu | Eloy Enterprise

With a projected annual growth rate of 3 percent in housing and 5.6 percent in non-residential development, the city of Eloy is proposing an increase in development impact fees.

Spurred by Arizona law, the city has completed a new Land Use Assumption study as well as an Infrastructure Improvements Plan. With these tools, the city can determine what infrastructure and services will be required to support new development.

And more importantly, using these tools, the City can determine how much revenue can be anticipated from development fees to pay for projected growth.

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