CODE OF VIRGINIA

CREDITS AGAINST IMPACT FEE (§ 15.2-2324)

The value of any dedication, contribution or construction from the developer for
off-site road or other transportation improvements benefiting the impact fee
service area shall be treated as a credit against the impact fees imposed on the
developer’s project. The locality shall treat as a credit any off-site
transportation dedication, contribution, or construction, whether it is a
condition of a rezoning or otherwise committed to the locality. The locality may
by ordinance provide for credits for approved on-site transportation
improvements in excess of those required by the development.The locality also
shall calculate and credit against impact fees the extent to which (i) other
developments have already contributed to the cost of existing roads which will
benefit the development, (ii) new development will contribute to the cost of
existing roads, and (iii) new development will contribute to the cost of road
improvements in the future other than through impact fees, including any special
taxing districts, special assessments, or community development authorities.

HISTORY: 1989, c. 485, § 15.1-498.7; 1992, c. 465; 1997, c. 587; 2007, c. 896.