Impact Fee Removal?

of dollars and some say it’s been driving contractors to build elsewhere. tonight– county executive bob culver presented motion to get rid of the fee — 47abc’s jobina fortson tells us what it could mean if it’s granted. track fifty two hundred dollars — that how much extra money contractors have to pay to build a private residence in wicomico county — because of what’s called an impact fee donnie messick, vice president messick home improvements 01:10:17 if it was elimnated that would help the business industry and help spur the economy and help make homes more affordable for individuals 01:10:25 track roughly ten years ago— the impact fee was created to pay off the debt acquired after building and repairing local schools– joe holloway, wicomico county council district 5 00:40:59 you know you could have put a 10,000 dollar fee on a home and the homes still would have gotten built, the economy was booming, but that’s all over now 00:41:09 track contractors have reportedly flocked to other counties like sussex and somerset –which don’t have the fees. to try to bring construction back– last july — then county councilman bob culver issued seventy-four fee waivers — meaning seventy-four new homes constructed in the last five months. that’s more than the number of homes built in the last two years in wicomico county, according to culver — who is now county executive. bob culver 01:02:11 because of that, we have built 10 million 7 hundred thousand dollars worth of new construction in wicomico county and that will increase our tax base by over 100 thousand dollars 01:02:21 track culver believes that if the county council approves lifting the impact fee — the amount of money that would come in through property taxes on newly built homes — an estimated 16-thousand dollars a year — would be enough to cover the local school debt…jobina fortson 47abc. councilman joe holloway tells 47abc — that after hearing arguments tonight — a full repeal of the impact fee won’t happen — however a piece of legislation for a one year moratorium will be reviewed at their next meeting in one month — if it’s approved — county executive culver says it would effective immediately. with just about two weeks left in office — maryland