§ 54-56. Impact fee reduction; sunset.

Latest version.

(a)

All impact fees currently charged by the City of Key West shall be reduced by 25 percent from the effective date of this ordinance.

(b)

The reduction of impact fees shall continue for a period of eighteen months, unless earlier terminated as described in paragraph (c) below.

(c)

This section shall expire 18 months from its effective date, unless the City of Key West does not receive a grant from the State Housing Trust Fund. In the event the City of Key West receives notification that it will not obtain funding from the State Housing Trust Fund pursuant to the 2008 General Appropriations Act, this section shall immediately expire.

(Ord. No. 09-03, § 1, 2-3-2009)

                    
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