You may recall from our April 28th blog post that a recent study recommended an average 27% reduction in road impact fees imposed by Lee County. On Tuesday, June 14, in a 4-0 vote by County Commissioners (with Commissioner Hall being absent), the study’s recommendations were adopted.
This is great news for the development
In light of the significant reduction in property values and construction costs across Lee County, a recent study conducted by Duncan Associates (a consulting firm based out of Texas) concluded that the Board of County Commissioners should consider similarly significant reductions in its road impact fees.
Road impact fees are generally assessed on new construction