B. Default Duration and Declining Schedule

Board of County Commissioners- Informal Meeting · 2026-04-14 · agenda_item

The Board of County Commissioners is reviewing a proposed policy for development incentives. This policy outlines a declining schedule for exemptions based on project impact points, with maximum durations ranging from five to ten years. The schedule details percentage reductions in exemptions over the life of the incentive. This review is currently under consideration by the Board. If approved, this policy could influence future development projects by setting terms for incentives. The work generated by this policy would be in the planning and application stages for developers seeking these incentives. Local contractors, suppliers, and service providers are encouraged to stay informed about this policy's progression, as it may shape the financial aspects of future construction and development opportunities. Early awareness allows businesses to prepare for potential projects that may arise once the policy is finalized.

maximum duration

10 years

maximum duration

5 years