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2021 Development Charges Update
Study
Day Valley Township
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For Public Circulation and Comment August 30, 2021Watson & Associates Economists Ltd.
9052723600
info@watsonecon.caTable of Contents
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How to fill out development impact fee calculation
How to fill out development impact fee calculation
01
To fill out development impact fee calculation, follow these steps:
02
Determine the purpose of the development impact fee calculation.
03
Understand the local regulations and guidelines for calculating development impact fees.
04
Identify the type of development or project for which the fee calculation is required.
05
Gather the necessary data and information related to the development project, including the size, scope, and impact on infrastructure.
06
Determine the applicable fee schedule or rate structure for the specific type of development.
07
Calculate the development impact fee by applying the fee schedule or rate to the relevant factors.
08
Include any additional required documentation or forms with the fee calculation.
09
Review and double-check the calculation for accuracy.
10
Submit the filled-out development impact fee calculation to the appropriate authority or agency for approval.
Who needs development impact fee calculation?
01
Developers and property owners who are planning a new construction project or major renovation that may have an impact on the local infrastructure need to perform development impact fee calculation.
02
Municipalities, local governments, and regulatory agencies also require development impact fee calculation to ensure that the cost of new development is appropriately accounted for, and funds are collected to support infrastructure improvements.
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What is development impact fee calculation?
Development impact fee calculation refers to the process of determining the fees that developers must pay to offset the costs of building new infrastructure or services needed as a result of new development projects.
Who is required to file development impact fee calculation?
Developers and property owners who are undertaking new development projects are typically required to file a development impact fee calculation.
How to fill out development impact fee calculation?
To fill out a development impact fee calculation, one must gather relevant project information, complete the appropriate forms provided by local authorities, and include estimates of the impacts on public services and infrastructure.
What is the purpose of development impact fee calculation?
The purpose of development impact fee calculation is to ensure that growth pays for itself by requiring developers to contribute to the costs of necessary public services, infrastructure, and facilities impacted by their development.
What information must be reported on development impact fee calculation?
Information that must be reported typically includes project details, estimated impacts on infrastructure and services, and the computed fee amount based on local regulations.
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