My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
AG 1999 06 21
CabarrusCountyDocuments
>
Public Meetings
>
Agendas
>
BOC
>
1999
>
AG 1999 06 21
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/25/2002 6:00:16 PM
Creation date
11/27/2017 11:49:25 AM
Metadata
Fields
Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
6/21/1999
Board
Board of Commissioners
Meeting Type
Regular
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
487
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
20 Points To Know <br />About Impact Fees <br /> <br />Impact fees are an increasingly popular <br />new revenue source to local governments. <br />While there are a number of advantages to <br />impact fees and related exactions, there are <br />limitations. As communities and development <br />groups become more sophisticated on what <br />should be expected from a thorough impact fee <br />study, they will become more critical and their <br />level of expectation will increase. This article <br />briefly notes 20 non-technical points of which <br />one should be aware. <br /> <br />1. Impact fees are viewed as a.iS'ee revenue <br />sou~'ce without any constituency reqtd~'ement. <br />Impact fees may be voted in without an election, <br />usually apply only to new development (which <br />does not yet exist) and are perceived to exclude <br />current taxpayers. Therefore, impact fees are <br />a fairly painless and free revenue source <br />since there is no obvious increase in cost to <br />current voters. <br /> <br />2. Impact fees pertain only to new capital <br />facilities which directly benefit the payer. <br />Many people still believe that impact fees can be <br />utilized for capital facilities which benefit exist- <br />ing residents. However, expenditures utilizing <br />impact fees must show a direct benefit to those <br />paying. Under some statutes, an existing facility <br />can generate impact fees if it was oversized to <br />serve the new development. <br /> <br />3. The impact fees collected must be spent within <br />a reasonable time period. A mandated or gen- <br />eral rule-of-thumb is about six years, although <br /> (continued on next l~g~) <br /> <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.