Oswego Village Board members recently approved an intergovernmental agreement with four other taxing bodies to have a consultant do an analysis of the distribution of impact fees from development in the area.
Oswego, along with Oswego-based School District 308, Oswego Fire Protection District, Oswego Library District and the Oswegoland Park District decided to involve a third-party contractor to “identify how best to update and redistribute impact fees” brought in by new development, Oswego Development Services Director Rod Zenner said in a report to village trustees.Oswego village staff took the lead and issued a Request for Qualifications earlier this year.
“They have extensive experience in fee studies, general financial analysis projects and impact fee analysis projects,” Zenner said in his report. Zenner said DTA’s submittal said the project would take about 26 weeks, which would mean “the report being presented in either November of December barring any setbacks.”
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