County Supervisors Weigh Fee Reduction Options
The County Board of Supervisors will consider multiple plans to reduce its Traffic Impact Fees when the Board convenes Wednesday morning. The TIF reduction is a byproduct of the new General Plan that directs future growth closer to existing towns and infrastructure. The modified plan results in reduced road capacity needs in the unincorporated area. The existing plan is valued at $935 million but the revised road network costs could could range from $420 million to $535 million under various financing options under consideration by the Supervisors.
One option would allow for credit and reimbursement agreements but results in the more costly $535 million program while the BIA supported option negates credit and reimbursement agreements and reduces program costs to $420 million. The modified fees are expected to be in place next month.
This entry was posted on Tuesday, June 26th, 2012 at 10:37 am and is filed under CEO Connection. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
