Management & Finance Policy Committee Meeting - July 2026

The Aurora Channel's Management & Finance Policy Committee meeting on July 23, 2026, focused primarily on financial and procurement-related topics including a detailed presentation on the city's transportation impact fees. The discussion covered the proposed expansion of impact fees to non-residential land uses, elimination of the current zone system for fee collection, and a phased approach to implementing these fees over five years. The committee reviewed the nexus study that sets maximum allowable fees and considered policy targets below those maximums to balance economic development concerns, particularly for retail and hotel sectors. The committee also discussed the need for further stakeholder engagement before finalizing the fee structure. Additionally, the meeting included approval to move forward with lease purchase financing for heavy fleet vehicles, with a principal amount around $1 million and a maximum interest rate of 5.5% over 60 months. Updates on audit activities and the introduction of an external fraud reporting mechanism were also provided. The committee agreed to continue with the proposed steps and further outreach before final decisions are made.