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1 O. B. 3. REOUEST TO SPEAK FROM JOSEPH PALADIN. PRESIDENT, BLACK <br />SWAN CONSULTING & ENTITLEMENT, INC. <br />Joseph Paladin, Black Swan Consulting & Entitlement, Inc., discussed the <br />importance of finding ways to "kick-start" the economy, such as a temporary across-the-board <br />reduction in impact fees to boost the economy and attract new businesses. Mr. Paladin believed <br />that leadership needed to make a strong statement to neighboring communities, where businesses <br />might be "on the fence", and uncertain as to where to locate. <br />Community Development Director Bob Keating revealed, pursuant to <br />Commissioner O'Bryan's query, that the cost for doing an impact fee study would be $27,000 <br />per land use category, such as a drug store or branch bank. <br />Commissioner O'Bryan was concerned that discounting impact fees from this <br />point would be a disservice to those businesses that have already paid their fees. He reviewed <br />data showing that the County had the second (2" d) lowest general millage rate, and the nineteenth <br />(19th) lowest overall millage rate in Florida. He felt that the County should keep the lowest <br />possible property taxes as an inducement to businesses, and feared that money would have to be <br />acquired from property taxes, if it was not collected on the impact fee side. <br />Assistant Public Works Director Chris Mora provided, for Mr. Paladin, details on <br />the internal capture rates for business trips. <br />Director Keating noted that internal capture is not factored into the impact fee <br />formula. He related that an impact fee payer would have the opportunity to have a traffic <br />engineer conduct an individual assessment to determine a project -specific impact fee rate. <br />17 <br />October 21, 2008 <br />