As another sign of the recovering Franklin County housing market, a moratorium on preliminary plats has been repealed by the Franklin County Commission.
Planning Director Scottie Eagan said the moratorium is no longer needed and eliminating it would make it easier on office staff and those involved.
“Before 2008, a developer would have two years to deliver a final plat after the preliminary was approved by the planning and zoning board,” Eagan explained. “They could then ask for a one-year extension, but if it wasn’t presented by then, they would have to start the process over.”
As explained to the commission Tuesday, the two-year time period to produce final plats was lifted as many developers had planned projects and purchased property, but did not have the funds to proceed after the economy crashed in 2008.
The cost to file a preliminary plat is $650 and is required for any development with seven or more lots and anything under 3 acres.
A preliminary plat must include the developer’s plans for roads, water, sewer and fire suppression as well as the overall layout of lots in the proposed developments.
Eagan said of the plats on the books since the moratorium in 2008, five or six definitely won’t happen. Two others came in the day after the commission lifted the moratorium to proceed with their projects before they expired.
As the nationwide housing market continues to recover, more and more investors are resurrecting plans for developments in the county.
“In the last two years we’ve seen plans for five or six major subdivisions,” Eagan said. “Those have 40 to 50 lots.”
She noted the largest current developments are in a subdivision on Highway A between Washington and Union and another large residential development in the Villa Ridge area.