Currently the Town of Wake Forest assesses developers two impact fees, one for parks and recreation which has just been updated and increased and one for fire station construction. Now the commissioners and town officials will have to determine if they want to have developers help pay for the new roads and streets that future growth and development will bring.
The consulting firm Benesch has just concluded a Multimodal Transportation Impact Fee Study including the possible fees developers could pay for single-family and multi-family development as well as commercial and industrial growth.
The report suggests a transportation fee of $4,431 per house for single-family developments and $6,748 for multifamily units and fees ranging from $4,431 to $14,085 for commercial and industrial developments.
Benesch’s draft report is available for review and comment at https://engagewakeforest.org/multi-modal-transportation-impact-fee.
The Benesch staff provided a full briefing to the Board of Commissioners on Tuesday, Nov. 5, at 6 p.m. and to the Planning Board on Tuesday, Nov. 12, at 6 p.m.
A public hearing on the impact fee recommendations is scheduled for the Tuesday, Nov. 19, Board of Commissioners meeting. The meeting will also begin at 6 p.m. in the Town Hall Board Chambers. Anyone wishing to speak during this meeting must complete and submit the “Board of Commissioners – Sign Up to Speak Form” available at www.wakeforestnc.gov/public-meetings-portal by 3 p.m. on November 19. For more information, email Assistant Town Manager Candace Davis at cdavis@wakeforestnc.gov.
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