An Act updating the linkage exaction program in the city of Medford

HD 4875 updates Medford's linkage exaction program, which requires developers to pay fees tied to new construction projects. The bill mandates that these fees be reviewed at least every 10 years, based on recommendations from the city's Office of Community Development and Mayor. Between reviews, the fees can be adjusted annually using the Consumer Price Index (CPI) from the U.S. Bureau of Labor Statistics to account for inflation. This directly affects developers and property owners in Medford who pay these development fees.