Results tagged “Oct. 27” from Yucaipa Now

YUCAIPA - In its October 27 meeting, the City Council voted to increase development impact fees by $624 for each residential unit and a $2,500 increase per acre for commercial and industrial property.

According to the taped minutes of the meeting, Community Development Director, John McMains, said that the revised development impact fees will generate an accumulative $169-million over the remaining 25 to 30 year life of the development impact fees program.

A developer of commercial and industrial property will pay about $47,000 per acre because of the increased fees, which McMains said amounts to a little over $1 per square foot.