(A) The impact fee imposed pursuant to the terms of this chapter shall be due and payable upon the issuance of a structural building permit by the Town of Cicero. It is understood that the structural permit is synonymous with the term "structural building permit" as that term is used in I.C. 36-7-4-1323, in that the issuance of a structural building permit authorizes the applicant to commence construction activities, structural and otherwise. The entire fee which is calculated pursuant to the terms of this chapter shall be due at said time unless the amount of the fee upon calculation is greater than $5,000, in which case an installment plan may be requested by the applicant in accordance with the terms set forth in I.C. 36-7-4-1324(a) through (d). The Cicero Impact Fee Review Board shall establish specific rules consistent with said code provisions for installment payments. The interest rate on any installment plan or deferred payment shall be at the rate allowed on judgments established by Indiana Code, as from time to time amended. The penalty for late payments, if any, shall be established at the discretion of the Impact Fee Review Board.
(B) If a fee payer requests, the amount of the impact fee shall be assessed upon the voluntary submission of a development plan or upon the issuance of the structural building permit, whichever is earlier. For purposes of this section, "assessment" means the act of calculating the amount of the impact fee which shall be due. The town shall make such assessment within 30 days of the date of such voluntary request or at the issuance of the structural building permit with or without a request.
(Ord. 10-16-2007-3, passed 12-18-07; Am. Ord. 12-18-2012-3, passed 12-18-12)