Peachtree City staff is proposing additional language to clarify how proposed exemptions to the city’s new business impact fee will be handled.

The ordinance adopted in September allows the city to grant up a exemption of up to 50 percent for projects which “represent extraordinary economic development and employment growth.” If the project is located in the industrial park, it can qualify for an additional discount of up to 25 percent break, and if it uses an existing building in the industrial park, it could get up to another 25 percent additional discount as well.

The new language establishes the exemptions as being a discretionary decision made by the city council, which must also take into account not only the jobs created by a given project but also the economic condition of the city.

Impact fees are one-time fees charged to brand-new developments upon construction. Until September, the city only charged impact fees to residential units but the new ordinance allows them to be assessed for new retail, office and other business uses as well.

login to post comments