Impact fees are calculated using a formula contained within the impact fee ordinance. Impact fees are based upon generally accepted industry criteria, including the U.S. Census Bureau and Institute of Transportation Engineers (ITE) data. Per capita and per employee replacement costs were determined based on the Development Impact Fee Study Report for Fort Mill.
In instances where an applicant contends that the assumptions included within the impact fee ordinance are not accurate for the intended use, the ordinance allows an applicant to perform an independent fee calculation (at the applicant’s expense). The ordinance also authorizes credit agreements for approved monetary or in-kind contributions.
Formulas
The following formulas contains the multiplication symbol (x).
Parks and Recreation Impact Fee Formula
Residential: Number of Dwelling Units x Persons per Household (U.S. Census) x Replacement Cost per Capita x Discount Rate
Non-Residential: Not Applicable
Fire Protection Impact Fee Formula
Residential: Number of Dwelling Units x Persons per Household (U.S. Census) x Replacement Cost per Capita x Discount Rate
Non-Residential: Number of Units (SF, Rooms, Beds, etc.) x Average Employee Space Ratio (ITE) x Replacement Cost per Employee x Discount Rate
Municipal Facilities & Equipment Impact Fee Formula
Residential: Number of Dwelling Units x Persons per Household (U.S. Census) x Replacement Cost per Capita x Discount Rate
Non-Residential: Number of Units (SF, Rooms, Beds, etc.) x Average Employee Space Ratio (ITE) x Replacement Cost per Employee x Discount Rate