Oakland reviewing impact fees

The town of Oakland is undergoing a major study of its municipal impact fees to meet the demands of growth and to allow that growth to pay its own way, according to Tony Hairston, a financial consultant who made a presentation to the town commission last week.

By reviewing and updating its residential and non-residential impact fees, the town is also creating an advantage for applying credits for grants and other funding sources.

The current study is for police protection and roads and transportation. The town will hold the first reading of the proposed ordinance at its March 10 meeting and the second reading March 24.

A presentation of the administrative and recreation impact fees is expected in May. The town’s water and wastewater impact fees were reviewed and adopted last year.