Laserfiche WebLink
Cities and Residential Development Fees <br />August 2019 <br />Page 2 <br />• Calculations included in the report failed to account for in -and -out monies that were returned <br />to developers as escrows or credits and would reduce the net total fees charged to them. <br />• The report makes references to affordably -priced homes, but half of its data is based on <br />construction of 4-bedroom, 3-bathroom, 3-car garage, 2,500 square -foot homes —hardly a <br />typical Minnesota home, particularly for first-time homeowners. <br />• In another report, the Housing Affordability Institute failed to share that the state requires <br />"Building permit fees shall be based on valuation." The value of the home varies from <br />community to community. <br />• The report cherry -picked data by failing to include available information on development - <br />related expenses readily reported on the DLI annual report. With inclusion of these numbers, <br />the data does not support the advocacy organization's narrative. <br />For more information, visit www.lmc.org/development. <br />