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Fredericksburg adopts changes to cash proffers for new homes, businesses

The City of Fredericksburg City Hall building.

The Fredericksburg City Council approved a study to help evaluate new projects developed by the city's Planning Commission.

A Capital Impacts Study developed by TischlerBise, a fiscal, economic, and planning consulting firm based in Bethesda, Md., will provide a basis to evaluate cash proffers and conditions for schools and emergency services.

According to the Realtors Association of Richmond website, cash proffers are voluntary home fees on home construction paid by the building firm in the development process and only apply to developments requiring rezoning.

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