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1/9/2005 7:44:57 PM
 
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Section 5: OPA Board Subject: First Things First Msg# 164936
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the lot purchaser will ultimately pay that fee. True. Consider, however, that if a developer builds his own treatment facility the money is spent "up front" and not recovered until all units are settled. Let's say a plant would cost $3 million while getting into OP will cost $2 million. Immediately the developer has reduced upfront capital costs by $1 million. Not only does he save the $1 million, but also any possible construction loan interest over a 3 to 5 year build out period. One might also reasonably expect the cost of homes would not be reduced by spreading around the $1+ million savings to purchasers. |
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For reference, the above message is a reply to a message where: It will also be interesting to see if the connection fees for existing properties increases. Right now, the connection fees for existing sections within OP have varied fees. Some a little over $3K and some a little under $700. Quite a disparity; however, I believe the connection fees for different areas were paid up front by the developer of each particular section and then passed onto the lot purchaser. I hope they don't go up. As I've said, or inferred, in many previous postings, the commissioners don't do their homework on many issues. The current connection fee of $11,400 may or may not be sufficient. I can guarantee a couple of things: 1) if the cost per connection does increase, it will have to be paid, and 2) the lot purchaser will ultimately pay that fee. |
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