Quote:
Originally Posted by Stu from NYC
If it is raised by the 12.5% a year the developer might not have won the war
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Increase of 12.5% is not annual. HB 337
" An impact fee may be increased only pursuant to a plan
for the imposition, collection, and use of the increased impact fees which complies with this section.
An increase to a current impact fee rate of not more than 25 percent of the current rate must be implemented in two equal annual increments beginning with the date on which the increased fee is adopted.
An increase to a current impact fee rate which exceeds 25 percent but is not more than 50 percent of the current rate must be implemented in four equal installments beginning with the date the increased fee is adopted. An impact fee increase may not exceed 50 percent of the current impact fee rate.cAn impact fee may not be increased more than once every 4 years.
A local government, school district, or special district may increase an impact fee rate beyond the phase-in limitations established under paragraph (b), paragraph c),paragraph (d), or paragraph (e) by establishing the need for such increase in full compliance with the requirements of subsection (4), provided the following criteria are met:
1. A demonstrated need study justifying any increase in excess of those
authorized in paragraph (b), paragraph (c), paragraph (d), or paragraph (e) has
been completed within the 12 months before the adoption of the impact fee
increase and expressly demonstrates the extraordinary circumstances
necessitating the need to exceed the phase-in limitations.
2. The local government jurisdiction has held not less than two publicly noticed
workshops dedicated to the extraordinary circumstances necessitating the need
to exceed the phase-in limitations set forth in paragraph (b), paragraph (c),
paragraph (d), or paragraph (e).
3. The impact fee increase ordinance is approved by at least a two-thirds vote of
the governing body.
Depending on the planning and due diligence of the county commission impact fees could be increased beyond the limits of HB 337.
The question remains is the increase in impact fees truly a necessity. The increased revenue from new home property taxes used intelligently by the commission should provided the required funding for infrastructure of all of Sumter County.