ARTICLE
11 January 2017

New Developments, New Fees: Orlando Residential Developments Face Park Impact Fees - January 5, 2017

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Lowndes, Drosdick, Doster, Kantor & Reed, P.A.

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Effective March 1, 2017, Park Impact Fees will be assessed on new residential permits issued throughout the City of Orlando.
United States Real Estate and Construction
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Effective March 1, 2017, Park Impact Fees will be assessed on new residential permits issued throughout the City of Orlando. The fees are as follows:

$966 – for each new single-family home | $825 – for each new multi-family unit

Permits submitted prior to March 1, but not issued, will be assessed a park impact fee at the rate in place at the time of building permit issuance. Residential development for which a foundation permit has been issued prior to March 1 is exempt from the impact fee even if a building permit for vertical work is issued on or after March 1. To avoid this additional fee, have residential building permits issued prior to the March 1 implementation of Park Impact Fees.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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