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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
Exhibit C: ImpactFee Multiplier
April 11, 2017 through April 10, 2018
April 11, 2018 through April 10, 2019
April 11, 2019 through April 10, 2020
April 11, 2020 through April 10, 2021
AfterApril 11, 2021