Pacoima Neighborhood Council
LA Increases Developer Fees to Secure More Funding for Public ParksPosted on 09/18/16
The City Council recently voted to revamp how the city collects fees from developers to increase funding for parks and recreation spaces throughout LA under the state’s Quimby Act.
Under the new fee structure, developers of condominiums and single-family residential homes, who currently pay between $2,700 and $8,000 a unit, will be required to pay $10,000 to fund community parks. Developers of apartment complexes will pay $5,000 a unit. The new fee structure will go into affect in the next 120 days, which will bring more public spaces for Angelenos to enjoy.