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DBI explains amendment to fee-deferral rules meant to simplify interest calculation
Summary
The San Francisco Department of Building Inspection outlined an amendment to clarify how development impact-fee deferral surcharges are calculated and when project sponsors must elect to defer payments; the change implements language to make an already-passed Board of Supervisors law easier for DBI, the tax collector and capital planning to administer.
The San Francisco Department of Building Inspection (DBI) told the Building Inspection Commission on Sept. 29 that a proposed amendment to an ordinance already approved by the Board of Supervisors will clarify how to calculate the surcharge for development-impact fee deferrals and when a project sponsor must elect to defer payment.
Director Vivian Day said the underlying legislation has been adopted by the Board of Supervisors and that…
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