(a) Water and sewer system development fees shall be established for service imposed with respect to new development to fund costs of capital improvements necessitated by and attributable to such new development, to recoup costs of existing facilities which serve such new development, or a combination of those costs.
(b) Development fee charges shall be collected by method and amount as stated in the annual utility capital improvements budget ordinance and in accordance with G.S. Chapter 162A, Article 8.
(c) Water and sewer system development fees shall be in addition to all other charges prescribed by ordinance or resolution now or hereafter in effect by the town.
(Code 1976, § 17-6; Code 1982, § 19-6; Ord. No. 79-28, §§ 1, 2, 10-11-1979; Ord. No. 82-9, § 1, 8-12-1982; Ord. No. 84-22(A), § 1, 11-8-1984; Ord. No. 86-25(a), § 1, 6-26-1986; Ord. No. 97-031, § 1, 8-14-1997; Ord. No. 02-016, 6-13-2002; Ord. No. 2011-Code-07, 10-13-2011; Ord. No. 2018-Code-03, § 1, 6-28-2018)