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What is the difference between roadway impact fees and street escrow?

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What is the difference between roadway impact fees and street escrow?

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Roadway impact fees are utilized to design, purchase right-of-way, and construct specifically designated area-wide street facilities. The amount of the fee is directly proportional to the demand the development places on the street system. They are paid at the time a building permit is issued. Street escrow is deposited with the City in lieu of developers constructing internal and perimeter site related streets. Escrow must be paid prior to filing a plat with the county.

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