Coah Form

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Executive Summary

This document, labeled a 'Coah Form Document' from the City of Ocean City, serves to inform contractors and property owners about potential COAH (Council on Affordable Housing) fees applicable to construction projects. It clarifies that a Certificate of Occupancy (CO) will not be issued until these fees are paid to the Tax Collector's Office. The form details fee structures based on excerpts from Ordinance #25-1900. Residential development fees are set at 1.5% of the equalized assessed value when no increased density is permitted, while non-residential development fees are 2.5% of the equalized assessed value for new construction or increases in value from additions or replacements. Example calculations are provided for both residential and commercial scenarios to illustrate the fee computation. The document emphasizes that these references and examples are illustrative, and actual fees may vary. Stakeholders are directed to refer to the full Ordinance #25-1900 on the City website for comprehensive information.

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Document Text

--- Document: Coah Form Document ---
CITY OF OCEAN CITY
AMERICA'S GREATEST FAMILY RESORT
CONSTRUCTION CODE ENFORCEMENT
PROJECT ADDRESS:
BLOCK:
LOT:
I AM AWARE THAT A COAH (COUNCIL ON AFFORABLE HOUSING) FEE MAY APPLY TO MY
PROJECT, AND THAT A CERTIFICATE OF OCCUPANCY (CO) WILL NOT BE ISSUED UNTIL THE
COAH FEE HAS BEEN PAID AT THE TAX COLLECTOR'S OFFICE.
EXCERPT FROM ORDINANCE #25-1900.5: "Residential Development Fees:
Within the City of Ocean City residential developers shall pay a fee of one and a half percent (1.5%) of the equalized assessed value
for residential development provided no increased density is permitted."
EXCERPT FROM ORDINANCE #25-1900.6: "Non-Residential Development Fees:
1. Within all zoning districts, non-residential developers, except for developers of types of development specifically exempted, shall
pay a fee equal to two and one-half (2.5) percent of the equalized assessed value of the land and improvements, for all new non-
residential construction on an unimproved lot or lots."
2.Non-residential developers, except for developers of the types of development specifically exempted, shall also pay a fee equal to
two and one-half (2.5) percent of the increase in equalized assessed value resulting from any additions to existing structures to be used
for non-residential purposes."
3.Development fees shall be imposed and collected when an existing structure is demolished and replaced. The development fee of
two and a half percent (2.5%) shall be calculated on the difference between the equalized assessed value of the pre-existing land and
improvement and the equalized assessed value of the newly improved structure, i.e. land and improvement, at the time final certificate
of occupancy is issued. If the calculation required under this section results in a negative number, the non-residential development fee
shall be zero."
An example of this fee calculation is below for your reference. Please note that the above references and the example serve only to
provide a sample of how the fee is calculated and that other fees, percentages, and calculation methodologies may apply based
on the type of development. REFER TO ORDINANCE #25-1900 ON THE CITY WEBSITE FOR FURTHER
INFORMATION.
Example Calculation:
RESIDENTIAL
COMMERCIAL
Enter your values
Old Equalized Total Value of Property:
$300,000
$300,000
New Equalized Total Value of Property:
$800,000
$800,000
Difference between New and Old Equalized
$500,000
$500,000
Total Value of Property:
COAH Fee Factor:
1.5%
2.5%
(% may vary)
(% may vary)
Approximate Preliminary COAH Fee:
$500,000 x
$500,000 x 2.5%
1.5%= $7,500
= $12,500
*Note: All old and new assessed values will be equalized at the applicable NJ Director's ratio to ensure
that all fees are calculated using reflected market (equalized) values as per the COAH ordinance.
CONTRACTOR'S SIGNATURE:
CONTRACTOR'S NAME:
PROPERTY OWNER'S SIGNATURE:
PROPERTY OWNER'S NAME:
115 12TH Street, Ocean City, NJ 08226
609-525-9174 Fax: 609-399-8419