Get the free ECONOMIC DEVELOPMENT IMPACT FEE MITIGATION

ECONOMIC DEVELOPMENT IMPACT FEE MITIGATION PROGRAM Instructions Impact Fee Mitigation Program was established by County Ordinance 804. The Ordinance created a new Section 71.45 that allows impact

How to fill out economic development impact fee

How to fill out economic development impact fee

1. Gather all necessary information and documents, such as the application form, project details, and cost estimates.
2. Review the economic development impact fee requirements and regulations specific to your area.
3. Calculate the economic development impact fee based on the formula provided by the authorities.
4. Fill out the application form accurately and completely, providing all required information.
5. Attach the supporting documents and cost estimates to the application form.
6. Submit the completed application form and supporting documents to the relevant authority.
7. Pay the required fee as specified by the authorities.
8. Follow up with the authorities to ensure the application is processed and approved in a timely manner.
9. Once approved, comply with any additional requirements or conditions set forth by the authorities.
10. Keep a record of the economic development impact fee payment and all related documents for future reference.

Who needs economic development impact fee?

1. Developers or individuals undertaking new construction projects that have an impact on the local economy may need to pay the economic development impact fee.
2. Municipalities or local government bodies may require economic development impact fees to fund infrastructure improvements or mitigate the effects of new development.
3. The fee may be necessary to ensure the sustainable growth and development of a community or region.

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What is economic development impact fee?

An economic development impact fee is a fee charged to developers or property owners to help offset the costs associated with new development's impacts on public infrastructure and services.

Who is required to file economic development impact fee?

Developers or property owners involved in new development projects are typically required to file economic development impact fees.

How to fill out economic development impact fee?

To fill out economic development impact fees, developers or property owners must provide information on the projected impact of their development on public infrastructure and services, along with the appropriate fee payment.

What is the purpose of economic development impact fee?

The purpose of economic development impact fees is to ensure that the costs of new development's impact on public infrastructure and services are paid for by the developers or property owners responsible for the development.

What information must be reported on economic development impact fee?

Information that must be reported on an economic development impact fee typically includes details about the development project, the projected impact on public infrastructure and services, and the amount of the fee being paid.