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Builders hail move to lower county traffic impact fees
Published 12:00 am PDT Thursday, July 31, 2008
Story appeared in OUR REGION section, Page B2
It may not jump-start new construction, but builders and developers praised El Dorado County's move to lower its traffic impact fees.
On Tuesday, the Board of Supervisors unanimously approved a 1.73 percent decrease in fees charged developers to cover the cost of road improvements needed to serve growth.
For a single-family home, that translates to a $240 to $700 drop in fees, depending on location. New fees will range from $15,430 in the county's northwest region to $41,700 in the Cameron Park-Rescue area and the area west of Placerville along Highway 50.
The decrease came as part of the annual fee update to reflect changes in economic factors, including construction and project delivery costs.
– Cathy Locke
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