In cases where the city council or board of appeals, with the
exclusion of single and two-family dwellings, grants a special permit
or variance resulting in an increase in intensity of use, said body
shall require the applicant to make a payment into a community improvement
trust fund only for that portion of the new structure or structures
which exceed either the number of units, FAR, height or maximum building
coverage allowed by right within the district in which they are located.
Payments shall be made in the community improvement trust fund in
two equal installments up to a sum equal to three percent of the total
construction cost as determined by the city council beyond what percent
of construction is allowed by right; the first installment shall be
made at the time of the granting of a building permit, and shall be
a prerequisite condition to the issuance of the building permit; the
second installment shall be made upon receipt of a temporary or permanent
occupancy permit for any or all portions of the project and shall
be a prerequisite. The applicant at any time may make a lump sum payment
of the entire required contribution, if he or she so desires. The
construction costs shall be determined by the site plan review committee
and shall be approved by the city council. In determining the construction
costs, the site plan review committee shall use the median square
foot construction costs of an appropriate building category as noted
in the most current Means Construction Cost Guide published by the
Means Company of Kingston, Massachusetts.
(C.O. 91-23 § 8 (part); C.O. 98-293A § 12)
The community improvement trust fund shall be established in
the city treasury and shall be kept separate and apart from other
moneys by the city treasurer. Any moneys deposited in said fund shall
be expended only at the direction of the mayor as approved by the
city council, for the purposes mentioned below. The city treasurer
shall be the custodian of the fund and may deposit the proceeds in
a bank or invest the same in such securities as are legal for the
investment of funds of saving banks under the laws of the commonwealth
or in federal savings and loan associations situated in the commonwealth.
Any interest earned thereon shall be credited to and become part of
such fund. The fund shall be administered by the department of planning
and community development.
(C.O. 91-23 § 8 (part))
Any moneys in the fund may be expended only by a majority vote
of the entire membership of the city council and shall be appropriated
for any of the following purposes; infrastructure and public facilities
directly impacted by the project which are included in the city of
Revere's capital improvement plan encompassing roadway and sidewalk
reconstruction; signalization improvements, sewer, water and drainage
improvements; recreation and open space areas and the support of athletic
programs; fire protection facilities and equipment; crime prevention
facilities and equipment; school buildings and educational programs;
and library improvements. Community trust funds may also be appropriated
to support affordable housing initiatives and economic development
activities in accordance with the city of Revere's economic development
plan. No moneys in this fund shall be used for any purposes not included
or directly related to the purposes listed above. Further, moneys
contributed by a certain applicant for a special permit for an increase
in intensity of use shall be spent on city services related to mitigating
the impacts of said development. In no instance shall the funds be
used to offset the construction costs of traditional and mandatory
project improvements which are necessary to secure a building permit
including but not limited to sewer, water, drainage and transportation
improvements as may be required under the Massachusetts Environmental
Protection Act.
(C.O. 91-23 § 8 (part))
Said moneys shall be paid by applicants seeking a special permit
for increased intensity of development in the RB, RB1, RC1, RC2, RC3,
IP, LI, TED, GB, GB1, HB, PDD1 and PDD2 districts.
(C.O. 91-23 § 8 (part); C.O. 97-105 § 51)