Virginia – A win for developers, new state proffer law frustrates Chesapeake

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A win for developers, new state proffer law frustrates Chesapeake

CHESAPEAKE Starting this summer, developers coming to the City Council with new projects may be able to offer significantly less in impact fees than their predecessors, under legislation signed by the governor this week. Senate Bill 549 updates Virginia’s rules on proffers – voluntary fees paid to a local government to offset the impact of development on infrastructure.

 

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