Title/Name/Summary
Substantive Amendment: Revise and Update Development and Subdivision Exactions: Dedication of Land and Fees in Lieu of Dedication
History
AMENDMENT SUMMARY
On July 1, 2024, the Committee of the Whole reviewed the proposed amendments and referred the amendments back to the Plan Commission, as some minor modifications were made since the November 2023 recommendation. Changes to the proposed language include changing “park district” to “parks department” or “park entity”, collecting fees upon issuance of each individual permit (removing the “lump sum” option for ease of fee calculation and administration by Village staff), and including the highest and lowest capital improvement costs in the impact fee calculations.
On August 20, 2024, the Plan Commission reviewed the proposed modifications and recommended by a vote of 5-1-1 to approve the amendments to Section 5-112.H. The dissenting vote expressed concern regarding the potential of the fees being enough of a burden that developers will look to other communities to develop. The abstaining vote preferred a track changes approach to the proposed regulations document.
Section 5-112.H Development and Subdivision Exactions
Rewrite of the Development and Subdivision Exactions: Dedication of Land and Fees in Lieu of Dedication section of the Land Development Code to conform to industry standards associated with residential development.
AMENDMENT EXPLANATION
The proposed amendment for development and subdivision exactions focuses on ensuring adequate resources, facilities, and other development-related capital expenses to support new residential land development are provided. Although some portions have undergone updates over the years, a comprehensive overhaul of the current impact fee regulations has not occurred since 1994.
While there is no mandatory requirement to collect impact fees, the Village must adhere to specific state laws if such fees are gathered, which have been updated in this ame...
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