DEVELOPERS MAY GET 5-YEAR PLAN FOR FEES.Byline: Kevin KEVIN Keepers of the Eternal Vigilance of the Islamic Nation (fictional, from White Teeth by Zadie Smith) F. Sherry sherry [from Jérez], naturally dry fortified wine, pale amber to brown in tint. The term sherry originally referred to wines made from grapes grown in the region of Jérez de la Frontera, Andalusia, Spain; today it may refer to any of the Daily News Staff Writer Developers who bring business to Agoura Hills could get a financial break tonight from the City Council. The council will consider whether to allow developers to pay their traffic fees over the course of five years, rather than upfront. ``It gives the developer the chance to sequence their costs a little bit,'' said Councilman Ed Corridori. ``It doesn't does·n't Contraction of does not. compromise the city's ability to complete its traffic improvements.'' The proposal, which was tentatively ten·ta·tive adj. 1. Not fully worked out, concluded, or agreed on; provisional: tentative plans. 2. Uncertain; hesitant. approved March 25, will have a second reading at 7 tonight at 30101 Agoura Court, Suite 102. Under the plan, developers whose traffic fees would be more than $50,000 must still get approval from the council for paying on an installment plan. All others could get approval from the city manager. The fees are paid to the city, which then uses the money to make road improvements around the new business. More businesses mean more traffic, city officials say, so developers must help pay for road improvements and signals. Few things can hurt a new development more than poor traffic circulation, said Councilman Jeff Reinhardt. ``I wish we didn't have any developer fees,'' Reinhardt said. ``That would be the best of all possible worlds The phrase "the best of all possible worlds" (French: le meilleur des mondes possibles) was coined by the German philosopher Gottfried Leibniz in his 1710 work Essais de Théodicée sur la bonté de Dieu, la liberté de l'homme et l'origine du mal (Theodicy). .'' But state cutbacks on money for streets and roads has forced the city to look elsewhere, he said. He called the fees a reasonable price to build a business in a city that charges no utility tax or gross receipts tax A gross receipts tax, sometimes referred to as a gross excise tax, is a tax on the total gross revenues of a company, regardless of their source. It is similar to a sales tax, but it is levied on the seller of goods or services rather than the consumer. . ``Any business that is looking at Agoura Hills should consider this is the only fee they'd face coming in the door,'' he said. |
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