Development Impact Fees
Development impact fees are a one-time fee imposed by the Town of Mead on new development projects to pay for all or a portion of the costs of providing public services to the new development. These fees are implemented to help reduce the economic burden on Mead when dealing with area growth.
| 2022 Impact Fees | |||
| C.R.S. 29-1-803 requires municipal governments to publish information detailing impact fees collected, including the annual interest rate and the total amount disbursed, at least annually. | |||
| Fund | Collected | Disbursed | Annual Interest |
| Downtown Revitalization | $0 | $32,396 | $263 |
| Municipal Facilities | $929,894 | $3,900,007 | $51,689 |
| Parks & Open Space | $284,618 | $386,286 | $27,704 |
| Police Facilities | $139,092 | $24,853 | $3,957 |
| Storm Drainage | $0 | $111,724 | $852 |
| Transportation | $1,947,061 | $0* | $98,613 |
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The average interest rate earned for 2022 was 1.63% *Amount disbursed form Transportation Fund shows $0.00. Expenditures in 2022 were less than amounts transferred in from other funds. Collected impact funds were not disbursed. |
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For more information on development impact fees, visit our Building Department.
