Matt Montemurro, President and CEO of Racine Area Manufacturers and Commerce (RAMAC) recently shared his perspective on the impact the proposed Intergovernmental Agreement between the City of Racine, Racine Water Utility and Village of Mount Pleasant would have on development in Racine County.
"One of the barriers to development is the current Residential Equivalent Connection fee required for new developments in the City of Racine, Village of Mount Pleasant and Village of Sturtevant to connect to public water service," said Montemurro.
"Recently, however, the City of Racine, Racine Water Utility and Village of Mount Pleasant worked diligently to create a comprehensive intergovernmental agreement that, in part, does just that. If approved, the agreement will dramatically reduce the REC fee.The reduced REC fee will be critical to future growth in Racine County. The significantly lower fee will encourage more businesses to invest in new developments, both large and small, in the Racine County area."
The full commentary is available in the Racine Journal Times.