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Thread: impact fee credits

  1. #1
    Cyburbian hilldweller's avatar
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    impact fee credits

    We have a number of developers that built roads and were awarded impact fee credits. Now they want to give them over to developers they flipped land to, which they are certainly entitled to do. Does anybody have any experience with keeping track of impact fee trading? Is it dealt with by code or is it just something that is done on a case-by-case basis?

  2. #2
    Cyburbian Tide's avatar
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    First off, our impact fees aren't "allowed" by code and are managed by developer agreements. I don't see why it would have to be in the code and should be handled on a case by case basis.
    @GigCityPlanner

  3. #3
    Cyburbian Jeff's avatar
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    Mr. Cool Ice
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    I would do these on a case by case. Keep it simple.

  4. #4
    Forums Administrator & Gallery Moderator NHPlanner's avatar
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    We tie them to the project approval and occupancy permits, so whomever is submitting for those is the person that the credit applies to. So essentially it's case by case.
    "Growth is inevitable and desirable, but destruction of community character is not. The question is not whether your part of the world is going to change. The question is how." -- Edward T. McMahon, The Conservation Fund

  5. #5
    Cyburbian solarstar's avatar
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    Aug 2002
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    Florida
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    Hilldweller, we throw this on our bean counters. If we receive a transfer letter (assuming it is in the same impact fee district), they come in on a permit by permit basis and then accounting/finance makes sure to deduct the proper credit account. The local guys understand it and just xerox the transfer letter with each permit they submit, until they run out of credit.

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