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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%