December 20, 2024 3:19 pm
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Eloy to raise development fees between 274% to 1234% based on projected growth

EloyBy Lora Neu | Eloy Enterprise

With a projected annual growth rate of 3 percent in housing and 5.6 percent in non-residential development, the city of Eloy is proposing an increase in development impact fees.

Spurred by Arizona law, the city has completed a new Land Use Assumption study as well as an Infrastructure Improvements Plan. With these tools, the city can determine what infrastructure and services will be required to support new development.

And more importantly, using these tools, the City can determine how much revenue can be anticipated from development fees to pay for projected growth.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.