County to Allow Deferred Payment Option for Land Development Fees
Mecklenburg County LUESA will begin offering developers a flexible payment option to help mitigate the cost of plan review for commercial and residential projects in the towns. As of July 1, developers will have the option of deferring 30 percent of the total development fee until plan approval and the start of project inspections. This will allow for the preservation of cash in a tight economy, and help soften the blow of the dramatic development fee hike that went into effect last summer.
REBIC has been working with LUESA over the past few months to reach an agreement on the fee deferral, and will continue to explore ways to reduce cost for our members and improve the plan approval process.
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