Groveland staff push developer prepayments, code changes to limit stranded capacity risk
Consultants recommended codifying prepayments and capacity reservations in developer agreements and city code so growth helps pay for expansions rather than leaving the city to borrow and carry stranded capacity costs. Staff plans to seek legal and ordinance work.
The full story
Raftelis and city staff told the Sept. 3 workshop that using developer prepayments and codified capacity reservations will reduce the city’s financial risk when it builds large expansions ahead of actual development.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or
Free account
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in