IPFNA Aug mtg Q&A final 906 - Laserfiche WebLink

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: Question 13. Are “impact fees” and “land tax” the same thing? Response: No. Impact fees are not considered a tax. They are a one-time fee designed to partially off-set the initial costs of infrastructure construction and financing. A land tax is on-going exaction that is paid by landowners to government, and not only funds initial construction and financing costs, but also is used for operational funding and maintenance of existing infrastructure. CAPTAIN COOK : Question 1. Under the current system, affordable housing is not exempt from fair share contributions. If an impact fee ordinance is adopted, and affordable housing is exempted, will that be retroactive? Response: In the first place, affordable housing will not be exempted from the impact fee system. Although the affordable housing owner or builder may not be personally responsible for impact fee payment, the fee must be paid into the impact fee system from another source. Neither the impact fee nor the program for payment of affordable housing impact fees will be applied retroactively. : Question 2. Has the impact fee study anticipated the tax base that is projected? Response: The Infrastructure and Public Facilities Needs Assessment Study establishes the maximum impact fee value that can be assessed for each of the various infrastructure elements. It will be up to the County Council to determine how much of that maximum is appropriate, should the County move forward with an impact fee ordinance. Certainly one of the considerations for the Council would be how much might be available from the collection of other taxes that the County receives, and how that relates to the overall budgetary requirements of the County, and the projects perceived to be necessary for funding during that budgetary cycle. : Question 3. Regarding the benefit principle: wouldn’t there be better representation (pay-benefit) if there were more than 4 districts? How about the same number of districts as we currently have represented by the County Council? Response: The number of benefit districts needs to be carefully considered. If there are too many benefit districts, it may take longer to build the fund and it might be difficult to spend all the money collected within that district within the 6-year statutory time limit. By aggregating Public Meeting Questions and AnswersPage 4 August 15 & 16, 2006