Based on the formula set forth in Section 16-18-040 hereof, open space impact fees shall be charged according to the following fee schedule:
Size of Unit (square feet)* | Open Space Impact Fee (per dwelling unit)** | Open Space Impact Fee For Affordable Housing (per unit) |
0 – 799 | $313.00 | $100.00 |
800 – 1,599 | $313.00 | $100.00 |
1,600 – 2,999 | $940.00 | $100.00 |
3,000 and up | $1,253.00 | $100.00 |
*Square feet includes only those areas that meet the definition of “floor area ratio” as set forth in Section 17-17-0305 of the Chicago Zoning Ordinance.
**Except “affordable housing” as defined in Section 16-18-040.
(Added Coun. J. 4-1-98, p. 65269; Amend Coun. J. 11-8-12, p. 38872, § 241)