Title/Name/Summary
Build Orland - Impact/Permit Fees Reduction
History
The Village of Orland Park continues to foster and support economic development efforts in these challenging times. At the request of Mayor McLaughlin, staff has explored the creation of a new economic development program - Build Orland. The goal of this program is to encourage new growth and development through the temporary reduction and deferral of permit and impact fees.
In summary, Build Orland would offer certain incentives to eligible residential and commercial development projects in the Village. If approved by the Board of Trustees, staff recommends the following program guidelines:
1. Payment of Fees - Payment of fees deferred until Certificate of Occupancy (CO) Issued
Building permits fees are currently collected at the time a building permit is issued. Under this program, developers may choose to postpone payment until the time of CO. However, all remaining fees would be required to be paid to the Village prior to any occupancy. This assists the developer with cash flow during the construction period.
2. Incentive Period - March 15 to December 31st.
The commencement date corresponds to the annual construction season which typically starts on March 15th (exterior work stoppages are lifted on this date, such as concrete flat work).
3. Existing and New Commercial projects (retail, office and industrial) - 10% Reduction
Commercial projects would be eligible for a 10% reduction on permit and Village impact fees. This would include all plan review, inspection and traffic impact fees typically assessed on existing and new commercial projects.
4. New Residential Projects (single family, townhome and condo) - 25% Reduction
New residential projects would be eligible for a 25% reduction on permit and Village impact fees. This would include plan review, inspection and Village impact fees (road and parks). It would not include impact fees collected by the Village for othe...
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