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Flagler County IDA adopts lower, capped fee schedule to attract bond-backed projects
Summary
The Flagler County Industrial Development Authority voted to keep a $1,000 application fee and set financing fees at a reduced percentage with a $30,000 cap to make industrial revenue bonds more attractive to prospective companies, the board said.
The Flagler County Industrial Development Authority on Tuesday voted to set a lower, more business-friendly fee schedule for industrial development revenue bonds, keeping the application fee at $1,000 and capping financing fees to encourage local investment.
Staff member (S2) told the board the IDA currently charges a 0.5% financing fee and compared Flagler’s structure with nearby counties, noting Orange County’s tiered rates and Pinellas County’s lower cap as…
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