The Prosper Town Council meeting held on August 12, 2025, focused on the critical update of the town's impact fee program for water, wastewater, and roadway infrastructure. This update is mandated by law to occur at least every five years, ensuring that the fees reflect current costs and growth projections.

The meeting began with a presentation on the technical work completed by Bridal Crooks and the team, detailing the costs associated with new developments. The discussion emphasized the importance of understanding the financial implications of new construction on the town's infrastructure. The impact fees are designed as one-time charges to new developments, calculated based on the anticipated demand they will place on existing services.

Key points included the methodology used to determine the maximum allowable impact fees, which are based on projected growth over the next ten years. The council anticipates approximately 25,500 new residents and 8,500 new dwelling units during this period. The projected capital improvement costs for water and wastewater systems are estimated at $136 million and $192 million, respectively, with half of these costs potentially borne by current residents and the other half by new developments.

The council also discussed the implications of service area structures for roadways, noting that the maximum allowable impact fees for water and wastewater could rise significantly due to increased construction costs. The current combined impact fee stands at $6,643, but projections suggest it could increase to $14,390.

During the meeting, council members raised questions about the impact of changing density regulations on the calculations and the potential need for a credit analysis to adjust the fees further. The discussion highlighted the importance of aligning the impact fee structure with the town's growth and development goals.

In conclusion, the council's deliberations underscored the necessity of updating the impact fee program to ensure that it accurately reflects the costs of infrastructure improvements required to support Prosper's anticipated growth. The next steps will involve further analysis and public hearings to finalize the updated fee structure.