§ 86.297. Maximum impact fees per service unit.

(a)

The maximum impact fee per service unit for each service area shall be established by category of capital improvements, and shall be as set forth in Schedule 1 (the calculated fee by peak flow). The maximum impact fee per service unit for each service area for each category of capital improvement shall be computed in the following manner:

(1)

Calculate the total projected costs of capital improvements identified in the capital improvements plan for each category of capital improvements;

(2)

From such amounts, subtract a credit that reflects other forms of payment for utility capital other than impact fees; and

(3)

Divide the resulting amounts by the total number of service units anticipated in the respective service area, based on the land use assumptions for that service area.

(b)

Collection rate. The impact fee per service unit which is to be paid by each new development shall be established by ordinance of the city council, as amended from time to time, and shall be an amount less than or equal to the maximum impact fee per service unit calculated under subsection (a).

( Ord. No. 2013-70, § 1, 12-17-13 ; Ord. No. 2018-10 , § 4, 4-17-18)