Clarksburg residents will no longer be on the hook for tens of thousands of dollars in development fees following an agreement struck between Montgomery County and three Clarksburg developers this week.
In a letter of intent, the Clarksburg developers have agreed to accelerate construction on roadways from Snowden Farm Parkway to Route 27, from Little Seneca Parkway to Route 355 and at the intersection of Route 355 and Brink Road, said developer David Flanagan, president of Elm Street Development. In exchange, County Executive Ike Leggett will recommend the county allocate about $15 million in his upcoming capital budget proposal toward what Flanagan said is $35 million in road construction and improvements. Developers agree to pay all costs above the amount coming from the county.
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