Impact Fees Challenge (out-of-order) Flashcards
1
Q
What kind of data must impact fee be created with?
A
Best and most recent localized data.
2
Q
FINANCE - M/C ----------- Impact fees can be used by LGs for: (a) renewal and replacement of existing facilities only (b) expansion facilities only (c) any public purpose (d) none of the above
A
FINANCE - M/C ----------- B ----------- not A. New construction only. Think in terms of growth.
3
Q
IMPACT FEE ----------- New 2021 - ----------- How must impact fees be credited?
A
IMPACT FEE ----------- New 2021 - ----------- Dollar-for-dollar impact fee credits for impacts on the same public facilities in exchange for other required contributions received (i.e., proportionate share agreement or other exactions).
4
Q
IMPACT FEE ----------- New 2021 - ----------- If LG wants to increase its impact fees earlier than 4 year interval, what must it do?
A
IMPACT FEE New 2021 - ----------- Every 4 years my SEWing Increases by 2/3 2 wksh ----- 2/3 vote ----- 4 yr incr 2 instl--------------------------- 4 install 1-25%----------------------------26-50% Increase only every 4 yrs UNLESS a) Demonstrated-need study justifies; b) Extraordinary circumstances; c) 2 publicly noticed workshops, & d) Adopts by 2/3 vote.
5
Q
IMPACT FEE ----------- New 2021 - ----------- If LG wants to increase impact fee 26-50%, how many installments are required?
A
IMPACT FEE ----------- New 2021 - ----------- 4.
6
Q
IMPACT FEE ----------- New 2021 - ----------- For which types of contributions must LG & special districts credit toward impact fees?
A
IMPACT FEE ----------- New 2021 - ----------- Contributions made by way of exaction, related to public facilities or infrastructure.
7
Q
IMPACT FEE ----------- New 2021 - ----------- If LG wants to increase impact fee 51%+, how many installments are required?
A
IMPACT FEE ----------- New 2021 - ----------- 0. Can't do it.
8
Q
How much notice must LG give before imposing new or increased impact fee?
A
90 days.
9
Q
IMPACT FEE ----------- New 2021 - ----------- If LG wants to increase impact fee 0-25%, how many installments are required?
A
IMPACT FEE ----------- New 2021 - ----------- 2.
10
Q
IMPACT FEE ----------- New 2021 - ----------- How calculate the amount of credit to be applied to an impact fee from developer's contribution?
A
IMPACT FEE ----------- New 2021 - ----------- Dollar for dollar at FMV.
11
Q
IMPACT FEE ----------- New 2021 - ----------- For which types of contributions must LG & special districts credit toward impact fees?
A
New 2021 -
———–
[Exactions contribute to facilities & infrast.]
———–
Contributions made by way of exaction, related to public facilities or infrastructure.
12
Q
How much profit can LG make in charging for it administration costs, re: impact fees?
A
None. Admin charge = actual costs.
13
Q
IMPACT FEE ----------- New 2021 - ----------- If LG wants to increase impact fee 0-25%, how many installments are required?
A
IMPACT FEE ----------- New 2021 - ----------- 2.
14
Q
IMPACT FEE ----------- New 2021 - ----------- What if LG doesn't charge and collect an impact fee for the general category of class of public facilities or infrastructure contributed?
A
IMPACT FEE ----------- New 2021 - ----------- A credit may not be applied.
15
Q
IMPACT FEE ----------- New 2021 - ----------- What is included as a type of contribution that might be made, re: public facilities or infrastructure?
A
IMPACT FEE ----------- New 2021 - ----------- Land dedication, site planning & design or construction.
