Vermont Statutes Title 24 Sec. 5204
Terms Used In Vermont Statutes Title 24 Sec. 5204
- Fees: shall mean earnings due for official services, aside from salaries or per diem compensation. See
- Impact fee: means a fee levied as a condition of issuance of a zoning or subdivision permit that will be used to cover any portion of the costs of an existing or planned capital project that will benefit or is attributable to the users of the development or to compensate the municipality for any expenses it incurs as a result of construction. See
- Lien: A claim against real or personal property in satisfaction of a debt.
- Municipality: means a town, a city, or an incorporated village or an unorganized town or gore. See
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Offsite mitigation: means permanent protection of land not necessarily adjacent to the development site and which compensates for the impact of the development. See
- real estate: shall include lands, tenements, and hereditaments and all rights thereto and interests therein, and pews or slips in places of public worship shall be treated as real estate. See
§ 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.
(b) A municipality may require payment of an impact fee or accept offsite mitigation before issuance of a zoning or subdivision permit.
(c) A municipality may accept fees on installment at a reasonable rate of interest.
(d) A municipality may require a letter of credit to guarantee future payment of an impact fee or offsite mitigation. (Added 1987, No. 200 (Adj. Sess.), § 37, eff. July 1, 1989.)