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It’s been suggested to the City of Redmond as a way to prime the City's economy. Developers are asking the City to consider reducing their System Development Charges. Developers say right now, every little bit helps. “It can be significant, what we are talking about now is the profit margins for developers.  They have gotten to the point where the market is so low, so what they recoup in terms of what they sell or lease is so low they are not having any profit margins on their projects.” City of Redmond Community Development Director Heather Richards says the SDC charges for a single family home are $12,300. Tuesday morning, staff will ask the City Council for direction if they should cut that in half. Redmond is already the City in the region for lowest System Development Fees. These fees pay for infrastructure development, which is sewer, water and roads.

 

 

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