ORDINANCE NO.  21 - 172

AMENDING ORDINANCE NO. 17-92, KANE COUNTY ROAD IMPROVEMENT IMPACT FEE ORDINANCE

WHEREAS, national and regional economic conditions have had negative impacts on the regional real estate market; and

WHEREAS, as part of the previous decline in the regional real estate markets, real estate development has remained significantly sluggish in Kane County as compared to historic development levels; and

WHEREAS, the Kane County Board has previously delayed scheduled road impact fee increases until improvement in the regional real estate market; and

WHEREAS, to avoid exacerbation in the decline in new residential and commercial real estate development in Kane County, the County of Kane desires to freeze, for a period of one year, any scheduled increase in Kane County Road Improvement Impact Fee Multiplier as set forth in the amended Exhibit “C” to the Kane County Road Improvement Impact Fee Ordinance, (hereinafter the “Amendment”), a copy of which is on file in the office of the Kane County Clerk.

NOW, THEREFORE, BE IT RESOLVED by the Kane County Board that the Amendment to Kane County Board Ordinance No. 17-92 be and is hereby approved by replacing in its entirety the existing Exhibit “C” thereof with the Amendment (the Impact Fee Multiplier Schedule) that is attached hereto.

Passed by the Kane County Board on March 9, 2021.

________________________________            _____________________________

John A. Cunningham                  Corinne M. Pierog MA, MBA

Clerk, County Board                  Chairman, County Board

Kane County, Illinois                  Kane County, Illinois

Vote:

[Unanimous]

Exhibit C: ImpactFee Multiplier

 

Effective Dates	Year
April 11, 2017 through April 10, 2018	50%
April 11, 2018 through April 10, 2019	50%
April 11, 2019 through April 10, 2020	50%
April 11, 2020 through April 10, 2021	50%
AfterApril 11, 2021	50%