VACAVILLE — The Vacaville City Council will continue Tuesday to tackle the recommendations of the Economic Development Committee.
This time the council is scheduled to discuss reducing development impact fees by 10 percent as recommended by the committee.
The discussion comes of the heels of the city naming Jeremy Craig, finance and information technology director, interim assistant city manager to help speed up the process of furthering economic development in the city, also a recommendation from the Economic Development Committee.
One of the big questions in the proposed fee reduction is how it will affect city coffers.
Staff reports included with this week’s agenda say the development impact fee program has raised an average of $7.5 million annually over the past five years. That means a 10 percent reduction could cost the city $750,000 if development doesn’t increase.
The council could direct city staff to bring back a resolution to implement a fee reduction program. It could also direct staff to bring back a report reviewing the potential implementation of a performance-based fee reduction policy to stimulate new, high-wage job growth.
The meeting begins at 7 p.m. in the City Council Chamber, 650 Merchant St., Vacaville.
Reach Mike Corpos at 427-6979 or firstname.lastname@example.org. Follow him on Twitter at www.teitter.com/mcorposdr.