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There are several financial mechanisms used by the City to develop infrastructure to accommodate growth that have important ramifications for developers:
- Impact fees, which are used to pay for infrastructure and improvements necessary to accommodate new development and usually specified in an infrastructure improvement plan. In certain circumstances, developers who build and finance new infrastructure and improvements on their own may earn credits which can be applied toward applicable impact fees. Impact fees may be reduced or offset by user fee or debt service revenue streams.
- Other fees, such as water and sewer Development Occupational Fees, are also designed to defray the costs of infrastructure improvements, but which are charged when new development is connected to the water and wastewater systems.
- Repayments agreements between the City and developers that allow developers and land owners that install oversized water or wastewater facilities to recoup a portion of there initial costs when other developers tie into the infrastructure at a later date.
More detailed information can be found through the links below:
Development Impact Fees
Water Resources Acquisition Fees
Development Occupational Fees
Repayment Agreements
Last modified on
05/26/2011 13:19:43
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