Arcadia : Hearing on Developer Fees
Developers will have to pay more to build residential housing if the Board of Education votes to increase fees for new construction.
The board will hold a public hearing Jan. 12 on whether the school district should raise developer fees from $1.65 per square foot to $2.65 per square foot for residential buildings. The district is allowed to assess the fees under a state law.
The fee increase would generate an estimated additional $125,000 a year to pay for new school buildings, said Earl Davis, assistant superintendent for business services. About $250,000 was raised from developer fees in 1992.
The hearing will take place at 7:30 p.m. in the Board Room at district headquarters, 234 Campus Drive, Arcadia.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
