A government making a smart move? Could this be possible? The Richmond Times-Dispatch reports:
In a move expected to boost revitalization in several areas of the county, the Chesterfield County Board of Supervisors on Wednesday unanimously approved a policy that lowers a fee developers pay when building homes.
These so-called cash proffers are per-home fees imposed by the county to offset public infrastructure demands that additional families create when developments are built.
The new policy cuts the proffer amount, a maximum of $18,966 per dwelling unit — the highest in the region — roughly in half to a $9,400 maximum.
The board’s decision marks the first time the amount has been lowered since the county adopted its cash proffer policy in 1989.