The Board of Supervisors unanimously approved a temporary reduction of development fees for building in the North Vineyard Station area.
“The reduction amounts to about 15 percent, or about $4,200 per unit," said Steve Pedretti, the county's Engineering Director. This follows the Board’s decision to increase sewer credits for residential developments last week which equates to about $6,500 per unit.
These reductions are part of the County’s continued effort to examine all development fees to create a comprehensive fee plan that will help developers get back in business.
The county is experiencing a 52-year low in building permit business, having issued only 184 single-family home building permits in the last 12 months, compared to 619 permits two years ago.
The suspension of the annual fee increase applies to all plan areas for another year, the second year of suspension, in addition to a fee reduction for the North Vineyard Station.