Since 2001, Pasco County, the School Board and each County municipality have had an Intergovernmental Agreement which required the each municipality to collect school impact fees. In 2005, the impact fees were updated along with an Amended Intergovernmental Agreement. As the costs associated with providing public school facilities continues to increase, the School Board commissioned a study earlier this year to “recalibrate” the existing school impact fee using the current level of service standards for building and site area, school construction and land acquisition costs, and the associated projected student growth.
The Impact Fee Study identified a significant need over the next five and ten year periods based upon projected student growth (7,500 additional student seats). To meet this need in part, the study recommended an increase in the current impact fee to help meet the projected need for new schools, as impact fees cannot be used to increase capacity of current facilities or for general operations and maintenance. Impact Fees can only be used to provide new capacity to serve corresponding new growth. The new fees create a tier system for single family detached dwellings by square footage.
This amendment affirms the cooperation with the County in the collection of the School Impact Fees in accordance with the School Impact Fee Regulations due on new residential construction. The term of this Agreement shall extend from the date of its execution through June 2027. The term shall be automatically renewed for additional one-year terms every July 1st unless one party delivers a written notice of termination to other parties prior to January 1st of that year. Termination as to a party(ies) shall not affect the remainder of the parties obligations under this Agreement.