Vt. Stat. Ann. tit. 24, § 5204
Payment of fees
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
(1) An impact fee or obligation for offsite mitigation shall be a lien upon all property and improvements within land development for which the fee is assessed in the same manner and to the same effect as taxes are a lien upon real estate under section 32 V.S.A. § 5061.
(1) An impact fee or obligation for offsite mitigation shall be a lien upon all property and improvements within land development for which the fee is assessed in the same manner and to the same effect as taxes are a lien upon real estate under section 32 V.S.A. § 5061.
(2) A municipality may require payment of an impact fee or accept offsite mitigation before issuance of a zoning or subdivision permit.
(2) A municipality may require payment of an impact fee or accept offsite mitigation before issuance of a zoning or subdivision permit.
(3) A municipality may accept fees on installment at a reasonable rate of interest.
(3) A municipality may accept fees on installment at a reasonable rate of interest.
(4) A municipality may require a letter of credit to guarantee future payment of an impact fee or offsite mitigation. Added 1987, No. 200 (Adj. Sess.), § 37, eff. July 1, 1989.
(4) A municipality may require a letter of credit to guarantee future payment of an impact fee or offsite mitigation.
Cross References
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.