Hampshire lowers land values for impact fees
By Denise Moran For The Courier-News January 25, 2013 1:50PM
Updated: February 28, 2013 6:48AM
HAMPSHIRE — The village board has lowered the value of improved, residential property to $60,000 per acre for purposes of figuring impact fees — less than half the land previously had been valued.
An ordinance approved last week also states that the board should determine every February whether to adjust the value by the rate of inflation. An updated appraisal report is required every three years.
The board previously accepted an appraisal report prepared by Jacobson and Associates of Sycamore which placed the current value at $60,000 per acre. That is significantly lower than the $131,034 per acre figure the village was using in arriving at impact fee amounts.
The amended ordinance was approved on a 3-2 vote. Trustees Martin Ebert, Jerry Shepherdson, and Jan Kraus voted in favor of the ordinance. Trustees George Brust and Orris Ruth voted against it. Trustee Rob Whaley was absent from the meeting.
“If you don’t reduce impact fees, you won’t be as competitive (with other communities) and you won’t issue as many permits,” said Village Administrator Doug Maxeiner.
Fire, library, transportation, and cemetery fees are flat values that are not derived from the value of an acre of land.
Hampshire had been receiving a $1,519.48 impact fee for a three-bedroom, single-family home. Under the amended ordinance, it will get $695.76 for the same home.
The school district impact fee for the same home goes from $2,874.39 to $1,316.17. Park impact fees for the same home go from $3,798.69 to $1,739.40.
The total amount of impact fees from a three-bedroom, single-family home drops from $10,658.56 to $6,217.33.
In other news, although Seigle’s moved out of Hampshire a number of years ago, it still has a sales tax rebate agreement with the village covering point-of-sale transactions within the village.
According to village officials, the agreement has been amended from time to time with the latest amendment occurring in October 2010. The 2010 agreement calls for a rebate of 50 percent of the sales tax generated. The rebate to Seigle’s for the 2011-12 year amounted to $15,651.42. The calculations for the current year will result in a rebate amount of $17,285.11.
According to an Illinois law that begins taking effect this month, Illinois municipalities and counties are required to report details of their sales tax revenue sharing agreements to the Illinois Department of Revenue. These reports will be posted on the IDOR website.
As a final note, Brust told the board that State Rep. Bob Pritchard will be holding an open meeting for the residents of the 70th District, which includes Hampshire and Burlington, at 8 a.m. Saturday, February 23, in the Hampshire Village Hall. Pritchard said he wants to find out what problems his constituents are facing and how he can help them.