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Estero council approves amendment letting Hi5 pay road impact fee upfront, delaying village revenue share
Summary
The Village Council approved a Fourth Amendment to the Hi5 public‑improvement agreement allowing Hi5 to pay required road impact fees up front and treat that payment as an allowable expense in the revenue‑share arrangement, which will delay part of the village's 40% revenue share initially. The motion passed unanimously.
The Estero Village Council on March 18 approved a Fourth Amendment to the Hi5 public‑improvement agreement that lets Hi5 pay road impact fees up front as an allowable expense against future revenue share payments.
Staff said the change will allow Hi5 to obtain a building permit by paying the required road impact fee now while preserving…
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