Road Impact Fees in Virginia. Arthur C. Nelson, Ph.D., FAICP Director, Metropolitan Institute Virginia Tech – July 24, 2007. Impact Fees Generally. A charge on new development to pay for its proportionate-share of the cost of existing, new or expanded facilities benefiting it.
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Arthur C. Nelson, Ph.D., FAICP
Director, Metropolitan Institute
Virginia Tech – July 24, 2007
Proffers & Impact Fees
VA Proffer definition:
(i) any money voluntarily proffered in a writing signed by the owner of property subject to rezoning, submitted as part of a rezoning application and accepted by a localitypursuant to the authority granted by (Virginia statute), or
(ii) any payment of money pursuant to a development agreement entered into authority granted by (Virginia statute)…
Virginia Impact Fee definition:. . . a charge or assessment imposed against new development in order to generate revenue to find or recover the costs of reasonable road improvements benefiting the new development.
Differences & Nuances
Service Area & Level of Service
Road System Analysis
Interesting Nuances II
Impact fees may increase revenue for roads but they do not solve the