Development Impact Fees are a monetary exaction, other than a tax or special assessment, charged by a local governmental agency to an applicant in connection with approval of a development project for the purpose of defraying all or a portion of the cost of public facilities related to the impacts of the development project. The legal requirements for enactment of development impact fee program are set forth in Government Code § 66000-66025 (the "Mitigation Fee Act"), the majority of which were adopted as 1987’s AB 1600, and are commonly referred to as “AB 1600 requirements."
Impact Fee Schedule - Impact Fee rates are adjusted annually in July based on the annual increase in the Engineering News Record (ENR) US 20 Cities average construction cost index for the June preceding the increase.
Development Impact Fee Study - In 2005 the Town contracted with Bartle Wells Associates to conduct a Development Impact Fee Study. The primary purposes were twofold: (1) to update our then-existing impact fee schedule, and (2) to identify additional impact fees that the Town could utilize to recover all or a portion of the cost of capital facilities from residential and commercial development projects.