Building permits down, but city expects to collect more fees
Published: November 15,2011
Tags: building permits, commercial construction, commercial development, construction, fees, houses, municipal government, real estate, residences, residential construction, residential development, revenues. homes
OLIVE BRANCH — Olive Branch may record fewer residential building permits this year than ever before, but the city still expects to collect more in permit fees because of big-box business development.
The Commercial Appeal reports city officials collected $296,000 in building permit fees last year but expect to collect $375,000 this year, an increase of $79,000.
The bulk of fees are collected through new or renovated businesses and industries. Permit fees are based on the value of the building being constructed.
Mayor Sam Rikard said revenue would be up for 2011 because of companies like Anda Distribution, a generic pharmaceuticals distributor, decided to invest in Olive Branch.
Meanwhile, the city is on track to issue about 90 single-family building permits this year, seven fewer than the smallest amount on record.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Officials set hunting dates for birds; expands dove season by 20 days
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- Mississippi judge dismisses lawsuit seeking to overturn Sen. Cochran's GOP primary win
- George Flaggs regrets repayment flaw in lending law
- TECH 21 — Mississippi's most wanted in technology
- Chefs John Folse and Rick Tramonto are dotting every ‘i’ and crossing every ‘t’ in the development of Seafood R’evolution, which is set to open in November
- Bryant issues executive order to establish Delta water task force
- PEDIGREE dog food recalled; might contain metal fragments