Loveland to increase development impact fees

LOVELAND — The Loveland City Council has voted on first reading of an ordinance to increase capital expansion fees charged to new development in the city. Second and final vote is scheduled for Dec. 19

Capital expansion fees provide money for new city infrastructure required by growth, according to a story in the Reporter-Herald.  Loveland’s 10 types of CEFs, also known as impact fees, help fund roads, community parks, libraries, emergency medical services, fire and police.

The city justified increases because current fees are 75 to 80 percent of what is…