New impact fee structure to help streamline the process for businesses and residents
November 30, 2012
Albuquerque- Mayor Richard J. Berry just signed new legislation, overhauling the City’s entire impact fee system with the hope that the changes will generate more economic development by forging fair and equitable business and construction opportunities. The more clarified and simple system is expected to make Albuquerque a more competitive and appealing option for businesses.
"We invested an extensive amount of time into reforming our impact fees to create a process and rules that make it easier to do business and live in Albuquerque," said Mayor Berry. "Having a current and unbiased system is a crucial part of having a thriving city."
The previous impact fee structure, adopted in 2004, created financial divides for business owners and residents interested in building on Albuquerque’s Westside. During the Mayor’s 2012 State of the City Address he mentioned several scenarios that showcased the need for an impact fee overhaul:
"We will pass a revised impact fee ordinance that will no longer pit neighborhoods against each other as they try to attract businesses, housing and investments. We will no longer tolerate an impact fee ordinance where Jean Bernstein from Satellite Coffee has to pay nearly $40,000 more for a drive through shop on the Westside than she did for her Nob Hill shop. And we will no longer tolerate an ordinance where daughters like Klarissa Pena have to spend $8,000 more in impact fees than downtown residents - simply for the privilege of living near her mom on the Southwest Mesa. We have received high marks as a business friendly city and we will continue to make Albuquerque a great place to do business.
The new impact fees went into effect right after the Mayor signed the legislation.