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Unformatted text preview: Exactions
“A Provision in the development
approval process that requires a
developer to give or provide
something to a local government”.
Peddle, 93. Exactions
Two Kinds: Impact
Impact In Fees Lieu Payments Exactions
What can exactions provide for a community?
What Schools Roads Water & Sewer Stormwater Control
Stormwater Public Safety (police, fire, etc.) Affordable Housing
Why do local governments use exactions?
“Make growth pay its own way” Less reliance on property taxes
Less More politically palatable than increasing
Growth Management vs. Economic Development
GM: Slows growth due to increased cost of property.
ED: Lower property taxes make an area more attractive
as a place to live and do business.
Provides financing for “quality of life” infrastructure:
Parks, sidewalks, libraries, etc.
Physically attractive communities are where the
“creative class” want to live. ...
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- Spring '10