MILLSBORO, Del. (AP) - In an effort to lure business, Millsboro’s town council has slashed a $2,629 building permit impact fee down to $500 per equivalent.
The News Journal of Wilmington reports (https://delonline.us/2lnZE5e) that the council made the change Monday.
The fee dates back to 2004, when a study recommended that town officials build a new municipal building and police station to accommodate growth in the area. The fee was meant to help offset the cost of construction.
Town Manager Sheldon Hudson says the council reduced only the building impact fee. There will still be water and sewer impact fees, among others.
Hudson says the savings for a new project in town will amount to a significant reduction in development fees. Town officials hope to attract a grocery store, restaurants and hotels.
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Information from: The News Journal of Wilmington, Del., https://www.delawareonline.com
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