Countywide Dialogue on Transportation: Developer Contributions


What Can You Do?

  • Projects: View unfunded transportation projects being considered for Fairfax County.
  • Engage: View public meetings calendar and see other ways to engage.
  • Documents : View maps and other related documents for this project.

Continuation of Countywide Dialogue on Transportation from Fairfax County

Definition:

  • Developers contribute an amount per sq. ft. of non-residential development and an amount for each residential dwelling unit towards road funds

Current Rate:

  • Currently there are 3 districts – these are the expected 2012 Contribution Rates
    • Fairfax Center: $5.53/sq. ft. of non-residential and $1,225 per residential dwelling unit
    • Centreville: $5.93/sq. ft. of non-residential and $2,346 per residential dwelling unit
    • Tysons Corner: $4.07/sq. ft. of non-residential and $903 per residential dwelling unit
      • Proposed change for Tysons is $6.44/sq. ft. non-residential and $1,000 per dwelling unit

 Example Rate:

  • $4.07 per square foot of non-residential property and $1000 per residential dwelling unit.

Potential Annual Revenue at Example Rate:

  • Projected from previous years’ collections, $7 million per a year excluding Tysons’ Developer Contributions .

Requirements:

  • Board of Supervisors could establish countywide. The Board also approves the annual increase by the CPI and also adopts new rates for new districts.

 Bond Eligibility?

  • Limited viability due to volatility.

 Who Pays?

  • Developers pay the contributions at site plan, however these costs are rolled into purchasers and tenants.

 Who Doesn't Pay?

  • Property owners who don’t seek increased density though the zoning process.

Effect on Household:

  • Increases in the developer contributions rates would not affect the average household in the county. The increase of $1,000 on every mortgage would apply to the first purchase of a new home built as a result of a rezoning. 30 year effect of $1,000 on your mortgage is $6.11 per month.

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