ORDINANCE
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. Chapter 16-18 of the Municipal Code of Chicago is hereby amended by deleting the language struck through and by inserting the language underscored.
(Omitted text is not affected by this ordinance)
16-18-040 Fee formula.
Open space impact fees shall be calculated based on the following formula:
Fee = Open Space Need x Open Space Cost x Developer's Share where:
Open Space Need = Number of Dwelling Units x Estimated Household Size x Minimum Open Space Standard (2 acres per 1.000 people); and
Household Size is estimated to increase with the size of the dwelling units as follows:
Size of Unit (Square Feet) Household Size (Persons)
Less than 800|99|
800- 1,599|99|
1.600-2,999|99|
3,000 and up|99|
Open Space Cost = $20.00 $12.00 per square foot; and
Developer's Share = 30 percent, except units which qualify as ''affordable housing" which shall be charged a flat nominal fee regardless of size.
Affordable housing, as used in this section, has the same definition as ascribed in Section 2-44-080 ( b) of the Chicago Municipal Code is defined as housing which is sold or rented at or below the maximum price or fair market rents established by the Chicago department of planning and development for the "City Lots for City Living'' or "New 1 Iomes for Chicago" affordable housing programs. The above stated maximum price or fair market rents may be modified by the department of planning and development from time to time.
16-18-050 Fee schedule.
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:
Open Space Impact Fee For
Page 1 of 3
(square feet)* (per dwelling unit)** Affordable Housing (per unit)
Less than 800 0-799 $522.00 $313.00 $100.00
800-1,599 $1,044.00 $313.00 $100.00
1,600-2,999 $1,566.00 $940^00 $100.00
3,000 and up $2,088.00 $1,253.00 $100.00
Beginning December 1. 2021. the open...
Click here for full text