Share
The Central Unified School Board voted unanimously Tuesday evening to lower homebuilder developer fees from $5.16 to $4.60 per square foot.
That could result in a decrease for home prices in the district. The developer fee for a 2,000-square-foot home would drop by about $1,120, for example.
The district is allowed to levy the alternative Level 2 fee because it has incurred debt greater than 30% of its bonding capacity and at least 20% of the classrooms are portables. It replaces the Level 1 residential fee of $4.08 per square foot.
The fee decrease will be in effect for one year.
Developer fees that are charged to home buyers are levied to offset the impact of new families on the school system. In its facility needs analysis, the district is forecasting that 836 single-family and 312 multi-family units will be built in Central in the next five years.
Fee Goes Down, Not Up
Trustee Phillip Cervantes noted that it’s unusual for fees to fall, especially in light of the new home construction that he said began growing “like wildfire” west of Highway 99 in conjunction with the new Justin Garza High School, which is scheduled to open next August.
Cervantes said he wanted to know the rationale for lowering the fee.
Assistant superintendent/chief business officer Steve McClain said it was the result of recalculating the impact of multifamily housing on district enrollments.
Asked by trustee Richard Solis if district staff had sought input on the proposed residential fee from local developers, McClain responded, “It appears everyone is on board, that we have spoken with, and that was on the call with us.”
Residential developers in Central Unified include Granville Homes, whose president and CEO is Darius Assemi. He is also publisher of GV Wire.
RELATED TOPICS:
US Banks Rise as Fed Stress Test Success Clears Path for Payouts
2 hours ago
US Supreme Court to Hear Republican Challenge to ‘Coordinated’ Campaign Spending Curbs
2 hours ago
Iran-Linked Hackers May Target US Firms and Critical Infrastructure, US Government Warns
22 minutes ago
Oil Prices Slip on Easing Middle East Risks
47 minutes ago
Jury in Sean ‘Diddy’ Combs’ Sex Trafficking Trial to Start Deliberating
51 minutes ago
Robinhood Launches Tokens Allowing EU Users to Trade in US Stocks
60 minutes ago
Israel Strikes Pound Gaza, Killing 60, Ahead of US Talks on Ceasefire
1 hour ago
Controversial Climate Rule That Could Raise Gas Prices About to Take Effect
1 hour ago
US to Restart Trade Negotiations With Canada Immediately, White House Says
1 hour ago
US Banks Rise as Fed Stress Test Success Clears Path for Payouts
2 hours ago
US Supreme Court to Hear Republican Challenge to ‘Coordinated’ Campaign Spending Curbs
2 hours ago
Iran-Linked Hackers May Target US Firms and Critical Infrastructure, US Government Warns
22 minutes ago
Oil Prices Slip on Easing Middle East Risks
47 minutes ago
Jury in Sean ‘Diddy’ Combs’ Sex Trafficking Trial to Start Deliberating
51 minutes ago
Robinhood Launches Tokens Allowing EU Users to Trade in US Stocks
60 minutes ago
Israel Strikes Pound Gaza, Killing 60, Ahead of US Talks on Ceasefire
1 hour ago
Controversial Climate Rule That Could Raise Gas Prices About to Take Effect
1 hour ago
US to Restart Trade Negotiations With Canada Immediately, White House Says
1 hour ago
US Banks Rise as Fed Stress Test Success Clears Path for Payouts
2 hours ago
US Supreme Court to Hear Republican Challenge to ‘Coordinated’ Campaign Spending Curbs
2 hours ago
Fresno Police Arrest DUI Suspect With Loaded Gun During Traffic Stop
3 minutes ago
Categories

Fresno Police Arrest DUI Suspect With Loaded Gun During Traffic Stop

Israel Faces Genocide Accusations Amid Gaza Food Aid Killings

Iran-Linked Hackers May Target US Firms and Critical Infrastructure, US Government Warns

Oil Prices Slip on Easing Middle East Risks

Jury in Sean ‘Diddy’ Combs’ Sex Trafficking Trial to Start Deliberating

Robinhood Launches Tokens Allowing EU Users to Trade in US Stocks

Israel Strikes Pound Gaza, Killing 60, Ahead of US Talks on Ceasefire
