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Agenda - 08-18-1987
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Agenda - 08-18-1987
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10/18/2016 11:29:50 AM
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BOCC
Date
8/18/1987
Meeting Type
Regular Meeting
Document Type
Agenda
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Central to a new philosophy of infrastructure financing <br /> is the concept that new development in Durham must , in <br /> large part , pay its own way . In other words , the cost of <br /> additional capacity for providing urban services should <br /> be shifted , to some degree , away from the general public <br /> and toward the individuals who directly benefit from <br /> services to the new development . The concept might <br /> initially be applied to sewer and water services , since <br /> these are where service capacity is limited . The concept <br /> might later be applied to parks and recreation <br /> facilities , arterial streets and thoroughfares , and <br /> public safety capital improvements . <br /> b. Capacity Building <br /> When a parcel of vacant land is developed , the developer <br /> is traditionally expected to install the on-site <br /> supporting infrastructure : streets , curb and gutter , <br /> water lines , sanitary sewer lines , storm drainage <br /> facilities , etc. Upon completion , these improvements and <br /> street rights-of-way are dedicated to the City. The <br /> costs of the infrastructure are passed along to future <br /> owners or tenants of the property. Likewise , day-to-day <br /> services , such as water , sewer , solid waste collection , <br /> are paid for by owners and occupants on a fee basis or <br /> through property taxes . However, in times of rapid <br /> growth there are costs associated with development that <br /> are not borne by the developer or future occupants . <br /> These may be broadly categorized as capacity building <br /> Costs . <br /> 60 <br />
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