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Fair Share Fee for Palm Beach County Road Improvement (BF-5) City of ADMINISTRATIVE SUBJECT:BUDGET & FINANCE "Fair Share Fee" for Palm Delray POLICIES AND PROCEDURES Beach County Road MANUAL Improvement Beach NUMBER REVISIONS EFFECTIVE DATE: PAGE BF-5 0 March 4, 1985 1 OF 1 ~@ SUPERSEDES APPROVED BY: ~ 0 R b ",?o~R . k . '. . o er . Barc~ns ~, Act~ng C1ty Manager BF-5.0 Purpose: Palm Beach County has undergone tremendous growth necessitating road expansion and improvement to accommodate the increase in traff ic. In order to finance the new capital improvements, it has been determined by the Board of County Commissioners that any new land development activity generating traffic in the County should be charged a "Fair Share Feell. BF-5.1 Procedure: The Fair Share Fee shall be used exclusively within the zone in which the development is located and shall be due on commencement of any new land development activity generating traffic. All funds collected shall be properly identified by zone. Within 10 days of the end of the month, the Department of Development & Insp- ection should submit to the Finance Department a detailed listing, by zone, of the individual collections, including date and amount. After reconciling the figures, the funds will be transferred on a monthly basis, to the Palm Beach County Comptroller's Office for deposit in the appropriate trust fund. The collection agency will then retain two percent (2%) of the total funds collected. BF-5.2 Reference: Ordinance No. 79-7 amended by Ordinance No. 81-4 based on Article VIII of the 1968 Florida Constitution, and Chapters 125 and 163 Florida Statutes. II