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What is an impact fee offset?

fee impact offset
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What is an impact fee offset?

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When a developer contributes actual off-site facility improvements or dedications that mitigate the impact of a particular project and the need for impact fee-related public facilities, the project’s impact fee should be reduced (offset) by the value of the improvement or dedication. Offsets are given to ensure that new development does not pay twice for the same facilities.

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