Fayetteville wants to make it less expensive for new development in the city.
The Fayetteville City Council on June 16 heard the first reading of two ordinance revisions that would reduce or waive sewer proportionate fees or impact fees or establish payment plans for economic development activities that would benefit the city.
City Assistant Director of Finance and Administrative Services Ellen Walls said the proposed amendment to the Impact Fee Ordinance and Sewer Proportionate Share Fee Ordinance was being requested in an effort of helping stimulate economic development within the city.
Citing an example of how the amendments would work, Walls described a developer permitted to extend the city’s sewer system which would benefit more than one property owner. In consideration for the cost of the extension, the sewer proportionate share fees may be reduced or waived, she explained.
The amendment would also allow for the arrangement of payment plans as needed, Walls added.
The second reading and potential approval of the amendments will occur at the July 21 meeting.
