Title
Text Amendment - Land Development Code Section 5-112.H. Impact Fees
History
On January 6, 2025, the Board of Trustees adopted Ordinance No. 5971, amending Ordinance No. 2084, revising and updating Development and Subdivision Exactions; Dedication of Land and Fees in Lieu of Dedication. The amendment included a requirement for the Village to enter into Intergovernmental Agreements (IGAs) with other taxing bodies prior to the collection and distribution of impact fees.
Following the 2025 amendments, the Village, in consultation with the other taxing bodies, has determined that additional amendments are needed to the Land Development Code in order to adequately address the impact of residential development. Although the taxing bodies and Village continue to be in communication regarding the content of the IGAs and the additional updates to the impact fee regulations, new residential development continues to move forward and fees are required to be collected prior to the issuance of building permits.
The premise behind these regulations is to ensure land and fees that are attributable and proportionate to growth-related development within the Village, are provided to serve new residential development. The following impacted use categories are included in the proposed ordinance:
- Parks
- Schools
- Library
TEXT AMENDMENT SUMMARY
The proposed text amendment essentially returns to the pre-January 2025 ordinance adoption, with the exception of making the previously-applied transportation exactions section intentionally left blank, as the return on investment to prepare the research and reporting to support the exaction is now outweighed by the proceeds it produces.
Please note this proposed return to pre-January 2025 regulations may be an interim measure.
Action on this item will allow appropriate impact fees and other development and subdivision exactions to be imposed while the Village has adequate time to work with stakeholders and other taxing bodi...
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