Title/Name/Summary
Renewal of Build Orland Program
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/ annexation agreements could only receive one 'discount' of fees, either those set by agreement, or the Build Orland, whichever is greater.
In 2013 and 2014, 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 FY2015, staff recommends the continuation of the Build Orland program to allow payment deferral of permit fees until final occupancy of the home.
On January 19, 2015, this item was reviewed by the Development Services Planning & Engineering Committee, recommended for approval and referred to the Village Board of Trustees for consideration.
Financial Impact
Budgeted revenue amounts will not be adversely impacted by the delay in receipt.
Recommended Action/Motion
I move to approve and extend the 'Build Orland' program for the FY 2015 to allow the payment deferral of permit fees for new residential permits.