According to a recent article in the Bulletin, the city of Madras has dropped some city infrastructure fees by 20 percent to attract new business. The Madras City Council decided to cut system development charges (SDCs) to entice developers to consider Madras for their next project. SDCs are fees which developers pay to help offset the effects of growth, and pay for street and sewer improvements.
From the article:
"For a developer building a single-family residence in Madras, the SDCs before the reduction could tack on about $13,000 to the project. Now, that number will be closer to about $10,445. The amount a developer pays can vary depending on the project but the money goes toward transportation, park, wastewater and stormwater SDCs. The city then uses these funds to help fund capital improvement projects or pay off existing debt."
The city is hoping that this reduction sends a message that Madras is more business friendly than some other places. If SDCs get too high they represent a barrier to growth and progress.
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