Development impact fees shall not be imposed on a fee payer or developer who has entered into an agreement with the Town for certain contribution, payment, construction, or donation up to the cash value of specific improvements identified within the agreement. Any difference between total development impact fees due for the development and the cash value of the executed agreement remain eligible for collection pursuant to the rules and requirements of the ordinance. To be eligible for a credit, the monetary or in-kind contribution must be made toward one or more of the public facilities included in the Town of Fort Mill Capital Improvements Plan.
An applicant who wishes to receive a credit against future impact fees must submit an Application for Credit Agreement. Applications will be reviewed within thirty days by a committee made up of the Town Manager, Finance Director, Code Enforcement Officer and Town Engineer.