§ 5200. Purpose It is the intent of this chapter to enable municipalities to require the beneficiaries of new development to pay their proportionate share of the cost of municipal and school capital projects that benefit them and to require them to pay for or mitigate the negative effects of construction. (Added 1987, No. 200 […]
§ 5201. Definitions As used in this chapter: (1) “Municipality” means a town, a city, or an incorporated village or an unorganized town or gore. (2) “Capital project” means: (A) any physical betterment or improvement including furnishings, machinery, apparatus, or equipment for such physical betterment or improvement; (B) any preliminary studies and surveys relating to […]
§ 5202. Authorization (a) A municipality may levy an impact fee in accordance with this chapter. (b) A municipality may accept offsite mitigation in lieu of an impact fee or as compensation for damage to important land such as prime agricultural land or important wildlife habitat. (Added 1987, No. 200 (Adj. Sess.), § 37, eff. […]
§ 5203. Procedure (a) A municipality may levy an impact fee on any new development within its borders provided that it has: (1) been confirmed under section 4350 of this title and, after July 1, 1992, adopted a capital budget and program pursuant to chapter 117 of this title. The plan or capital budget and […]
§ 5204. Payment of fees (a) An impact fee or obligation for offsite mitigation shall be a lien upon all property and improvements within land development for which the fee is assessed in the same manner and to the same effect as taxes are a lien upon real estate under section 32 V.S.A. § 5061. […]
§ 5205. Exemptions A municipality may exempt certain types of development from any part or all of the impact fee assessed, provided that the exemption achieves other policies or objectives clearly stated in the municipal plan. The policies or objectives may include, but are not limited to, the provision of affordable housing and the retention […]
§ 5206. Construction of chapter Nothing in this chapter shall be construed as prohibiting a municipality from adopting ordinances otherwise authorized by law. (Added 1987, No. 200 (Adj. Sess.), § 37, eff. July 1, 1989.)
