Town of Mocksville – Public Notice
Time for Public Comments: August 17 to October 1, 2023
Town of Mocksville Seeking Public Comment on Proposed System Development Fees
The Town of Mocksville engaged Raftelis Financial Consultants, Inc. (“Raftelis”) to study and recommend System Development Fees for our Water and Sewer systems for fiscal year (“FY”) 2024 (July 1, 2023 – June 30, 2024).
System development fees are one-time charges assessed to new water and/or sewer customers for their use of system capacity and serve as an equitable method by which to recover up-front system capacity costs from those using the capacity. This includes new homes, businesses and industrial buildings as well as new water and sewer line extensions that serve an existing structure.
Raftelis has completed an evaluation to develop cost-justified water and sewer system development fees for FY2024 for consideration by the Town of Mocksville (“Town”). The report documents the results of the analysis, which was based on an approach for establishing system development fees set forth in North Carolina General Statute 162A Article 8 – “System Development Fees.”
The report will be posted on our website for public comment from 08-17-23 – 10-01-23.