Palm Coast, FL – March 19, 2012 – A two-year impact fee moratorium won approval from the Volusia County School Board last week in a move a home builders believe will help the area's construction industry recover from the recession. "We've had tremendous activity since the first of the year," said Sandy Burke Bishop, executive officer of the Volusia Building Industry Association. "Everybody is hopeful."
Coupled with other impact fee suspensions approved in recent months by the Volusia County Council and several cities, Bishop said people building homes in DeLand, Daytona Beach and South Daytona are likely to benefit from the freeze on impact fees. The two-year suspension of the $6,066 school impact fee for each new housing unit is retroactive to January 1, 2012. It grew out of a January settlement with the Volusia BIA, which had sued to challenge a 2005 impact fee revision in which the group claimed the formula for determining the fee was misapplied.
The Flagler County School impact fee is $3,600 for each new home. In the City Palm Coast, charges for permitting, utility connection and impact fees totals approximately $17,000 for each new single-family home start.
Source: Florida Home Builders Association