Countywide Dialogue on Transportation: Developer Contributions
What Can You Do?
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Funding - Read about
Fairfax County's additional funding options.
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Projects - View
types of unfunded transportation projects being considered for
Fairfax County.
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Engage
- View public meetings calendar, and
sign up to receive email updates for this project.
- Documents
- View maps and other related documents for this project.
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Survey-
Read overview summary of survey results
Definition:
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Developers contribute an amount per sq. ft. of non-residential
development and an amount for each residential dwelling unit towards
road funds
Current Rate:
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Currently there are 3 districts – these are the expected 2012
Contribution Rates
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Fairfax Center: $5.53/sq. ft. of non-residential and $1,225 per
residential dwelling unit
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Centreville: $5.93/sq. ft. of non-residential and $2,346 per
residential dwelling unit
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Tysons Corner: $4.07/sq. ft. of non-residential and $903 per
residential dwelling unit
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Proposed change for Tysons is $6.44/sq. ft. non-residential
and $1,000 per dwelling unit
Example Rate:
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$4.07 per square foot of non-residential property and $1000 per
residential dwelling unit.
Potential Annual Revenue at Example Rate:
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Projected from previous years’ collections, $7 million per a year
excluding Tysons’ Developer Contributions .
Requirements:
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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?
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Limited viability due to volatility.
Who Pays?
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Developers pay the contributions at site plan, however these costs
are rolled into purchasers and tenants.
Who Doesn't Pay?
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Property owners who don’t seek increased density though the zoning
process.
Effect on Household:
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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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