Title/Name/Summary
Build Orland 2012 Renewal
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 the program was renewed but only for new residential projects. Therefore 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. Also projects with existing development/annexations agreements could only receive one ‘discount’ of fees, either those set by agreement or the Build Orland, whichever was greater.
The Results - 2010 & 2011
In 2010, a total of 166 projects (both commercial and residential) benefitted from the program, with an overall financial savings of $153,171 to the participants. In 2011, a total of 24 new residential projects benefitted from the program, with an overall financial savings of $108,364. The average savings per project was $4,515.
2012 Recommendation
While the economy is improving and permits are up from the previous year, staff still recommends renewal of the program for 2012. Based upon feedback from our local builders, this program does have a significant positive impact to their construction budgets. The majority of homes under construction are being constructed by local builders.
On January 16, 2012 the Development Services & Planning Committee moved 3-0 to recommend to the Village Board approval of the extension of the 'Build Orland' program for the FY 2012.
Financial Impact
The ‘Build Orland’ program was budgeted in the 2012 budget.
Recommended Action/Motion
I move to approve the extension of the ‘Build Orland’ program for the FY 2012, for new residential permits, as fully re...
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