Board OKs new recreation impact fee
A formal vote was not taken, but last night, September 3, 2024, the Wake Forest five commissioners approved the new recreation impact fees on new construction and approved a staged implementation over three years. Impact fees are applied when individuals or developers apply for a building permit. The Town of Wake Forest has two impact fees. The recreation impact fee since 2018 has been $3.61 for single-family houses and $2.202 for multi-family and the fire impact fee is $780 for single-family and $681 for multi-family dwellings. Nilgun Kamp presented the rate study done by Benesch which calculated that the fee for single-family houses should be $8,856, the rate for multi-family buildings should be $4,789. The recreation impact fee was enacted in 1997 and updated in 2003 and 2018. The fees address the needs of the community created by growth. Assistant Town Manager Candace Davis said in the past that impact
