This past July, the Town of Vail adopted Ordinance No. 29 Series 2017, an amendment to Title 12 of the Vail Town Code to add a new Chapter 26, Transportation Impact Fee. The transportation impact fee becomes effective Jan. 1, 2018, and applies to new developments, including creation of any net new residential dwelling units, or any net new commercial floor area. The fee does not apply to residential remodels where no additional units are added, or to commercial remodels that do not increase square footage or change use.
This new fee will be paid by the owner or developer, and will be collected by the Community Development Department at the time of issuance of a building permit. Revenues from this fee will be used by the Town of Vail for new transportation related infrastructure projects that are necessary due to the increased traffic from the incremental new development.
The new fee rate schedule can be found at vailgov.com
For more information please contact, Tom Kassmel, Town Engineer at email@example.com or 970-479-2235.