Ridgway scales fee-in-lieu for small projects to avoid deterring small developers
Staff revised the fee-in-lieu calculation so fractional requirements on projects under 10 units are scaled to project size (e.g., a three-unit project carries a 3% requirement), reducing previously higher fee estimates and intended to keep smaller infill and triplex projects viable.
The full story
The planning presentation emphasized a change to the fee-in-lieu (fee in L) calculation so that small projects are not deterred by a high flat fee. Under the revised approach, developments with fewer than ten units see a scaled fractional requirement — for example, a three-unit project would be assessed a 3% fee rather than a full 10% fee — producing a $31,500 illustrative fee in one staff example instead of the prior $105,000 figure.
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