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The North Carolina General Assembly passed House Bill 436 in July 2017, amending Chapter 162A of the General Statutes by adding “Article 8, System Development Fees.” This amendment was enacted as “An Act to Provide for Uniform Authority to Implement System Development Fees for Public Water and Sewer Systems in North Carolina and to clarify the Applicable Statute of Limitations.” As a requirement of the amended General Statute, the Town of Fuquay-Varina employed Rafetellis Financial Consultants, Inc., to complete a system development fee analysis. The statute specifies that a written analysis be performed to calculate a system development fee, based upon prescriptive criteria.
Prior to considering adoption of the professional analysis, House Bill 436 requires that a local governmental unit post the analysis on its web page for public review and comment. You can access the analysis here. The public review and comment period shall extend for a minimum of 45 days and provide the means for written comments to be submitted to the preparer of the professional analysis. Submit your comments here or by mail to: Town of Fuquay-Varina, Attn: Jay Meyers, 401 Old Honeycutt Road, Fuquay-Varina, NC 27526
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