How can I receive an impact fee credit?

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.

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1. What are impact fees?
2. Why did Town Council adopt an impact fee ordinance?
3. When will the town start collecting impact fees?
4. How are impact fees calculated?
5. What is a discount rate?
6. How and when are impact fees paid?
7. Do impact fees apply to all types of construction?
8. How will the fee be calculated if my intended use is not on the impact fee schedule?
9. Can an impact fee assessment be appealed?
10. Do I need to pay an impact fee if I am opening a business in an existing structure?
11. How can I receive an impact fee credit?
12. Are impact fees refundable?
13. Can the impact fee amounts be changed in the future?
14. How will the town spend revenues collected from impact fees?