e. Developer may sell and assign TDF Credits against the TDF (excluding the

Planning Commission · 2026-05-07 · agenda_item

This agenda item concerns the sale and assignment of TDF Credits by a developer from the Smith 80 TDF Credit Account. These credits can be used by end users within VOPH, but not for the External Improvement Fee portion of the TDFs. The developer may also register these credits for sale at par value with the VOPH Fee Credit Registry (FCR). The FCR will process credit transactions and related payments for Transportation Fees, Utility Surcharges, and DAR credits when the FCR is used. Transactions and payments made independently of the FCR must still be validated by the FCR for proper accounting. This process involves tracking credit transfers and payments related to development fees within VOPH. This item is currently under review by the Planning Commission. The work involves administrative processes for tracking and validating financial transactions related to development fees, rather than physical construction. Businesses involved in financial services, legal services, and administrative support could find opportunities in assisting developers or end users with navigating these credit systems and ensuring compliance with county regulations. Early engagement with the FCR Administrator or relevant county departments may provide clarity on the process and requirements.