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Board hears annual and five-year developer fee report; funds earmarked for Fallbrook Union High relocatable and ag improvements
Summary
Doug Floyd, representing Coppell and Gruber Public Finance, told the Fallbrook Union High School District Board of Trustees that the meeting packet included the district's annual and five-year developer fee report and that the document had been available for public review since Dec. 20 as required by law.
Doug Floyd, representing Coppell and Gruber Public Finance, told the Fallbrook Union High School District Board of Trustees that the meeting packet included the district's annual and five-year developer fee report and that the document had been available for public review since Dec. 20 as required by law.
The report covers developer fees accounted for in Fund 25, which the district collects as one-time, statutory level-1 fees on new residential and commercial construction. Floyd said the report showed a beginning balance for the 2023—24 year of about $3.3 million, roughly $450,000 in fees collected during the year, about $170,000 in interest and investment…
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