Fort Collins-Loveland Water District approves tap fee increase

The Fort Collins-Loveland Water District board has approved a $2,000 tap fee increase for new homes, effective next year.

The water district has not increased fees since 2002, and is paying more for water than it is charging for it, according to the Home Builders Association of Northern Colorado.

The increase represents a 12-percent bump. Half of the money will go to pay for infrastructure and half will go to bring the selling price of water in line with what the district is paying for it.

The water district is purchasing its water at the lowest cost available, according to the HBA.

The board agreed to phase in the increase so that houses under contract or sold with old pricing components in place would not be impacted by the change.

Of the $2,000, half will go into effect on Feb. 1. The second half will go into effect June 1.

The board also agreed to consider what impact higher density and reduced landscaping would have on demand and costs of service to determine what other adjustments might be necessary.

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Molly Armbrister covers real estate, banking and health care for the Northern Colorado Business Report. She can be reached at 970-232-3139, marmbrister@ncbr.com or twitter.com/MArmbristerNCBR
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