Tuesday, November 18, 2008

No Change for Impact Fees

MohaveBusiness.com has the write up from last nights Kingman City Council meeting...

KINGMAN – Local builders were stunned and angered when the Kingman City Council decided not to give further consideration to lowering impact fees following a public hearing Monday night.

On Sept. 2, the Council voted 6-0 to initiate the process to consider reducing the Transportation Development Investment Fee by 50-percent. On Monday the Council voted 4-2 not to direct staff to research and draft an ordinance, effectively ending any hope builders had for a reduction of impact fees in the near future.

Read the whole thing linked here.

One other telling quote from the article...

Dr. Munawar Pavacha is building a 16,000-square foot medical building and is paying $120,000 in fees and permits. The $5.30 per square foot impact fees amount to $86,400.

“I wish I was never here,” Pavacha said. “Now I’m stuck.”

I hate seeing people say things like that... it is the second time in recent months that I have seen or heard a property owner say something like that. Not good for business.

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