The Lake County Board of County Commissioners approved an ordinance Tuesday that extends the temporary suspension of transportation impact fee collections on new developments until March 1, 2012.
The ordinance amends Chapter 22, Article 3 section 22-37 of the Lake County Code, and states, in-part that, “the Board of County Commissioners wishes to stimulate the local economy by encouraging economic development and promoting job creation; and transportation impact fees are applicable to all types of development, including residential, commercial, office and industrial development, and can be a substantial component of a developer’s total development costs.”
For more information about Lake County impact fees, call the Lake County Department of Growth Management, Development Processing Office, at (352) 343-9451.
