Development Fees Ordinance 18-22

Ordinance 18-22, adopted by the City of Ocean City, establishes regulations and standards governing land zoning, specifically focusing on affordable housing development fees. This ordinance replaces the existing development fee ordinance, updating Article 1900 of the City's Zoning and Land Development Ordinance. Key changes include increasing the residential development fee from 1% to 1.5% of equalized assessed value and exempting owner-occupied residential structures rebuilt after disasters from development fees. The ordinance is designed to support the City in meeting its affordable housing obligations under a Settlement Agreement with Fair Share Housing Center.