[HoosierPa]

Originally Posted by justjim

Now that the impact fees have been settled and increases capped at 12.5% a year do you you suppose the price of new homes in The Villages will go down in price? As I remembered the Village Developer offered a 40% increase.

Prices won’t go down due to building materials cost. Crazy that the stubborn 3 new commissioners didn’t take 40%.

[Bill14564]

Originally Posted by HoosierPa

Prices won’t go down due to building materials cost. Crazy that the stubborn 3 new commissioners didn’t take 40%.

The 40% came with conditions which made the offer less attractive.

[Altavia]

The homeowners will pay in every case. The debate is if new homeowners should bear the entire cost of expansion which benefits all homeowners in the form of lower taxes and increased property values in the long run.

[Stu from NYC]

Originally Posted by Robbie0723

The homeowners will pay in every case. The debate is if new homeowners should bear the entire cost of expansion which benefits all homeowners in the form of lower taxes and increased property values in the long run.

What the developer wants the developer gets.

[justjim]

Reading the Orlando Sentinel paper this morning and it appears that Orange County is in the same boat as Sumter. Orange County (Orlando area) wanted to raise impact fees for road infrastructure and now the paper is quoted as saying “every dollar developers save on impact fees becomes the taxpayers burden”. The article went on to say the new legislation will make it virtually impossible for local governments to require that new development pays its own way.

[Altavia]

Originally Posted by Robbie0723

The homeowners will pay in every case. The debate is if new homeowners should bear the entire cost of expansion which benefits all homeowners in the form of lower taxes and increased property values in the long run.

This cash flow model illustrates how a $50 million investment will be repaid in less than 6 years via increased tax revenue from new homes. Generating over a billion dollars in incremental revenue over 20 years.

[dewilson58]

Originally Posted by Robbie0723

This cash flow model illustrates how a $50 million investment will be repaid in less than 6 years via increased tax revenue from new homes. Generating over a billion dollars in imcremental revenue over 20 years.

Illustration supports issuing a Bond for the roads.

[Stu from NYC]

Will $ 50 million be enough to cover all of the roads and other stuff needed to build 3000 homes per year for 20 years?

[Altavia]

Originally Posted by Stu from NYC

Will $ 50 million be enough to cover all of the roads and other stuff needed to build 3000 homes per year for 20 years?

The annual incremental tax revenue exceeds $50 million by year 9.