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Northwell approves preliminary $438,000 water impact fee agreement with Perla Real Estate
Summary
The village approved a water impact agreement with Perla Real Estate that includes a preliminary nonrefundable fee of approximately $438,000; the final fee will be calculated from actual water usage and paid one year after the facility is operating.
The Northwell Village Board on June 2 approved a water impact agreement with Perla Real Estate that includes a preliminary nonrefundable fee of approximately $438,000, the board was told. Bridal, a staff member presenting the item, said the fee equals roughly half the estimated total fee and that the final payment will be determined after the facility begins operations.
Bridal said the water impact agreement "was discussed at the Committee of the Whole meeting on May 5" and that "the preliminary nonrefundable fee is approximately $438,000, which is half the estimated fee. The final payment will be determined and paid 1 year after the facility is up and running." The fee will be calculated based on the facility's actual water usage, according to the staff presentation.
Why it matters: water impact fees fund system capacity or mitigation tied to new or expanded water demand. The preliminary payment is sizable and will be finalized after measured consumption.
What the board did: the board moved to approve the water agreement and recorded a unanimous roll-call vote of six trustees in favor.
What remains unspecified: the transcript does not record the estimated total fee amount, the proposed facility's operational date, or details of how usage will be measured and audited.
