Get the free Impact Fee Deferral

CITY OF MERCER ISLAND DEVELOPMENT SERVICES GROUP 9611 SE 36TH STREET MERCER ISLAND, WA 98040 PHONE: 206.275.7605 www.mercergov.orgImpact Fee Deferral Pursuant to Revised Code of Washington (RCW) 82.02.050(3)

How to fill out impact fee deferral

How to fill out impact fee deferral

1. Step 1: Obtain the impact fee deferral form from the appropriate government agency.
2. Step 2: Read the instructions and requirements for filling out the form carefully.
3. Step 3: Gather all the necessary documents and information needed for the application, such as property details, project plans, and financial statements.
4. Step 4: Fill out the form accurately and completely, ensuring that all required fields are filled in.
5. Step 5: Double-check the form for any errors or missing information before submitting it.
6. Step 6: Submit the completed form along with any supporting documents to the designated government agency.
7. Step 7: Pay any applicable fees or charges associated with the impact fee deferral application.
8. Step 8: Await the decision from the government agency regarding the approval or denial of the deferral request.
9. Step 9: If approved, comply with any additional requirements or conditions specified by the agency.
10. Step 10: Keep track of any deadlines or renewal requirements for the impact fee deferral.

Who needs impact fee deferral?

1. Developers or property owners who are planning construction or development projects that require payment of impact fees may need impact fee deferral.
2. Impact fees are typically imposed to fund infrastructure improvements necessitated by new developments.
3. If the payment of these fees upfront poses a financial burden for the developer or property owner, they may request an impact fee deferral to delay the payment until a later time when the project is completed or when specified conditions are met.
4. However, eligibility for impact fee deferral may vary depending on local regulations and specific project circumstances, so it is advisable to consult with the appropriate government agency to determine if you qualify.

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What is impact fee deferral?

Impact fee deferral is a process that allows developers to postpone paying impact fees until a later date.

Who is required to file impact fee deferral?

Developers and builders who are responsible for paying impact fees are required to file for impact fee deferral.

How to fill out impact fee deferral?

To fill out impact fee deferral, developers must submit a formal request to the appropriate local government agency along with all required documentation.

What is the purpose of impact fee deferral?

The purpose of impact fee deferral is to provide developers with more flexibility in managing their finances and cash flow during the development process.

What information must be reported on impact fee deferral?

Developers must report the project details, the amount of impact fees being deferred, the reasons for requesting deferral, and any supporting documentation.