The council's intent is to consider reducing fees on a case-by-case basis for 24 months for all development, from residential to commercial. Councilman Jason Howard voted against the proposal.
Four years ago, the Sunset Meadows homes would have sold for $300,000, but now will be priced at $150,000 to $160,000, said Pat Corrigan, one of the owners of Domicile Capital LLC, the project developer.
"We've been waiting for the city to come around and come up with a number that we could work with," Corrigan said after the meeting, adding that Domicile Capital could not afford to build without the fee reduction.
Corrigan said he expects to break ground in March and the homes should go on sale in June or July.
Council members stressed that the fee reductions were temporary. Dunlop said Oakdale could afford reducing fees in the short term. For instance, he said, Sunset Meadows' $24,722 fee includes $4,672 for parks and recreation. Yet, he said, the parks and recreation account has a healthy balance, and the city does not have a shortage of parks.
Howard said he supports reducing fees, but could not support doing it on a case-by-case basis. He said that could create the perception that the city favored some developers over others.