SECTION 1. The city of Everett may, by ordinance require the payment of a linkage fee for any project, including a Planned Unit Development Project that A. requires zoning relief, including without limitation, a special permit, special permit with site plan review or site plan approved and B. contains a single use or combination of uses exceeding a square foot threshold to be determined from time to time by the board of aldermen. The ordinance shall specify the dollar amount of the linkage fee, the method by which it may be increased from time to time and the types of uses to which it shall apply.
SECTION 2. The city may create a distinct and separate revolving fund account into which the linkage fee shall be paid and no such fee shall be paid to the city’s general treasury or used as general revenues subject to section 53 of chapter 44 of the General Laws. The monies in the revolving fund account shall be administered by the mayor for the purposes of this act.
SECTION 3. This act shall take effect upon its passage.
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