Get the free Economic Development Impact Fee Mitigation Application Form

Economic Development Impact Fee Mitigation Application Form In accordance with Ordinance No. 2007040 as amended by Ordinance No. 2008017 (collectively the Ordinance), any business or property owner

How to fill out economic development impact fee

How to fill out economic development impact fee

1. To fill out an economic development impact fee, follow these steps:
2. Determine the purpose of the fee and the specific project or development it applies to.
3. Gather all relevant documents and information related to the project, including plans, permits, and financial projections.
4. Identify the applicable fee schedule or ordinance that governs the economic development impact fee.
5. Calculate the fee amount based on the formula or methodology provided in the fee schedule or ordinance.
6. Complete the necessary forms or paperwork required by the issuing authority, ensuring all required information is accurate and comprehensive.
7. Submit the filled-out forms along with any supporting documents and the calculated fee amount to the appropriate department or agency responsible for collecting the fee.
8. Pay the fee as required, either by cash, check, or electronic payment.
9. Keep copies of all submitted documents and payment receipts for your records.
10. Follow up with the issuing authority to ensure the fee has been processed and any necessary approvals or permits have been obtained.
11. Comply with any conditions or requirements set forth by the issuing authority for the project or development.

Who needs economic development impact fee?

1. Economic development impact fees are typically required from developers and property owners who are undertaking new construction projects or significant expansions that may have a potential impact on the local community's infrastructure and services.
2. These fees are generally imposed by local government authorities and are intended to offset the costs associated with the increased demand for public facilities such as roads, parks, schools, and utilities.
3. By requiring economic development impact fees, the government aims to ensure that the burden of providing and maintaining necessary infrastructure is shared by those who benefit from the development and growth in the area.
4. The specific criteria for when economic development impact fees are applicable may vary from jurisdiction to jurisdiction, so it is important to consult the local regulations and ordinances to determine if and when such fees are required.

For pdfFiller’s FAQs

What is economic development impact fee?

An economic development impact fee is a fee imposed on developers by local governments to help fund public infrastructure projects that are necessitated by new development.

Who is required to file economic development impact fee?

Developers or property owners who are constructing new developments may be required to file an economic development impact fee with the local government.

How to fill out economic development impact fee?

The process for filling out an economic development impact fee may vary depending on the local government, but typically involves submitting specific information about the proposed development and paying the required fee.

What is the purpose of economic development impact fee?

The purpose of an economic development impact fee is to mitigate the impact of new development on public infrastructure such as roads, schools, and parks by providing funding for needed improvements.

What information must be reported on economic development impact fee?

Information typically reported on an economic development impact fee includes details about the proposed development, estimated impact on public infrastructure, and calculations for the fee amount.

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