The cost of annexation and development to the city of Grand Junction is significant, but varies depending on the type on annexation, a new study has found.
The Grand Junction City Council heard a presentation from BBC Research and Consulting Managing Director Kevin Williams on the cost of annexations to city taxpayers at its work session last week. That presentation showed that smaller annexations close to the current city boundary cost significantly less per unit for one time expenses than larger outlying âflagpoleâ annexations.
The one-time capital expenses above revenue were around four times higher per unit for large fringe developments, which typically have more right-of-way annexations included, compared to infill developments, Williams showed in his presentation. The reason for the cost is that impact fees for parks and transportation are set at 75% of the full cost of the development.