Title
A RESOLUTION CONCERNING DEFERRED COLLECTION OF DEVELOPMENT IMPACT FEES for the purpose of requesting the Maryland General Assembly to amend statutory provisions governing development impact fees to authorize the deferral of development impact fee payments until the issuance of Use and Occupancy Permits.
Background
Development Impact fees are regulatory measures designed to fund facilities specifically required by new development projects in order to mitigate the impact of such development on infrastructure or public facilities. These fees are passed by the Maryland General Assembly, and collected by Prince George's County. As Prince George's County elected officials look to increase the county's revenue, county council members seek to streamline the development process to encourage new development in the county. Developers have emphasized that payment of development impact fees before the final building permit is issued creates a burden on developers and private owners. This resolution will request for the General Assembly to amendment current development impact provisions to defer payments until the issuance of Use and Occupancy permits.