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our view: Impact Fees


Next to the land use feud between residents in Belleaire, Shiloh, Derby Chase Glenn Abbey and Farragut Crossing subdivisions and First Baptist Church, Concord nothing has been more talked about in private and public than a proposed impact fee on reidential and commercial development in the town of Farragut.

The impact fee movement was fortunately defeated 3-2 during the Farragut Board of Mayor and Aldermen meeting Thursday, Sept. 27, when reasonable minds and thinking prevailed.

The argument against was best presented by former Farragut Mayor Bob Leonard, who conveyed at that meeting, “[The Town founders] decided to create a town that imposed no taxes and no levies upon its citizens.”

A premise present Town leaders rallied to embrace by defeating the impact fee ordinance proposal.

With the defeat comes talk that the Town will have to limit capital projects due to limited funds.

However, Mayor W. Edward “Eddy” Ford III has assured residents that the town of Farragut is in excellent financial shape.

“Any implication otherwise is absolutely wrong and we have the success stories to prove it,” Ford told the FBMA gallery.

What Town leaders need now is to develop a program to attract sales-tax-generating business into Farragut proper.

The Town needs more JCPenney, Costco, Best Buy and other similar businesses to locate within its boundaries and keep revenue growing in order to complete capital projects, pave roads, update exisiting parks and continue to develop recreational venues such as the McFee Road park with its proposed ampitheater.

 

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