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The original item was published from 6/21/2023 10:28:00 AM to 11/1/2023 12:00:04 AM.

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Posted on: June 19, 2023

[ARCHIVED] Council Approves Development Impact Fees

Text overlay of Development Impact Fees on blurred aerial image of a neighborhood.

The Development Impact Fee becomes effective July 1, 2023. Developers, homebuilders and stakeholders will notice the Fee Schedule on building permits by land use. Permit applications for single family residential construction received by June 30, 2023 will be exempt from the fee as will projects with Site Plans approved before July 1, 2023. 

The Fee Schedule sets the Development Impact Fees to be imposed on new development to offset the cost of public capital improvements in four major areas: roads, parks, public safety and schools. Several other Middle Tennessee cities and counties have long had impact fees to help pay for new development.

Tishcler Bise set the impact fee per residential unit and for non-residential projects a per 1,000 square feet impact. Impact Fee revenue can only be used for capital expenses that are incurred in response to growth and development—new or expanded schools, parks and recreation facilities, street or roadway, or new public safety facility or equipment or similar projects. 

Based on recent building activity, the Development Impact Fee is anticipated to generate approximately $9 million in revenue annually: For Roads & Streets $3.5 million; Parks & Recreation $1.75 million; Public Safety $1.75 million; Schools $1.75 million. 

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