by Kevin CodyTo encourage residential development in Hermosa’s downtown and along Pacific Coast Highway, the Hermosa Beach City Council voted at its Tuesday, February 4 meeting, to eliminate associated development fees on one- and two-unit projects. And to reduce fees on three- and four-unit developments from $76/sq.ft. to $40/sq.ft.The fees are contained in the city’s Land Value Recapture (LVR) plan, implemented by the council two years ago. LVR allows residential development where
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Bob Pinzler
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