Just had a bomb dropped on me by the city regarding the new development fees on my 69 room motel project.
Total fees come out to 460k. Mostly in water and sewer fees. http://imgur.com/vQi0Q
I'm hoping someone out there with commercial development experience can point me in the right direction here.
I know every city is different, but how can I find out if these fees are fair and reasonable? My issue is I don't really even know how to formulate a good search for doing research in this area. Can anyone point me to some resources that could help?
I can probably make an appeal to the city and negotiate a little since they seem to want new development in this area. But to do this I need to do my homework!