Title/Name/Summary
Build Orland FY 2017
History
The ‘Build Orland’ program was instituted by the Village Board of Trustees in 2010. The goal of the program was to encourage new growth and development through the temporary reduction and deferral of permit and impact fees. In 2011 & 2012, the program was renewed but only for new residential projects. In summary, new residential projects received a 25% reduction on permit/impact fees and a 50% reduction on water tap fees. Additionally, projects were also allowed to defer the payment until final occupancy. Projects with pre-existing incentive/inducement agreements (i.e. sales tax sharing) were not eligible for the program. Additionally, projects with existing development/annexations agreements could only receive one ‘discount’ of fees, either those set by agreement or the Build Orland, whichever is greater.
From 2013 to now, the program was scaled back to only include the deferral of permit fees until final occupancy of the home. This decision was based upon the increased stability in the housing market and the number of new housing starts in the Village.
For FY 2017, staff still recommends the continuation of the Build Orland program to allow payment deferral of permit fees until final occupancy of the home.
On November 21, 2016 the Development Services Planning and Engineering Committee reviewed and recommended to the Village Board of Trustees approval of this item. This item is know before the Village Board of Trustees for consideration.
Recommended Action/Motion
I move to approve an extension of the ‘Build Orland’ program for the FY 2017 to allow the payment deferral of permit fees for new residential permits.