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development impact fee

   Also found in: Acronyms 0.01 sec.
development impact fee
See impact fees.
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A development impact fee is a one-time charge assessed on a developer to pay (in full or in part) for infrastructure necessitated by new development.
Determining the real cost of growth and development and who should pay by Brooks, Richard C.; Pariser, David B. / Government Finance Review
The city also agreed to waive 20 years property taxes on the building, plus $332,500 of development impact fees.
Downtowne's new digs by The Register-Guard (Eugene, OR)
The draft Development Impact Fee ordinance -- considered a watered-down version by at least one councilman -- could return for approval later this month.
BUILDER FEE LIKELY FOR CITY by Daily News (Los Angeles, CA)
 
 
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