(A) Prior to establishing or increasing any impact fee, the city council shall hold a public hearing.
(B) Notice of the time and place of the public hearing, including a general explanation of the matter to be considered, shall be published pursuant to KRS 424.130.
(C) At least ten (10) days prior to the public hearing, the city shall make available to the public the following:
(1) A description of the benefit area;
(2) Data showing the amount or the estimated amount of the impact fee; and
(3) A summary of the basis for the calculation of the impact fee amount.
(D) City council action to establish or increase any impact fee shall be taken only by ordinance or resolution containing findings which demonstrate the basis for calculating the fee.
(E) Any costs incurred by the city in preparing for and conducting the public hearing may be recovered as a part of the impact fees which are the subject of the hearing.
(Ord. No. 14-2001, 8-15-01)