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A. As pursuant to this chapter:
1. Impact fees collected for sanitary sewer facilities, impact fees for publicly owned parks, open space, recreational facilities and trails, and impact fees for storm drainage facilities or water facilities, shall be used solely for those respective purposes and only those that will reasonably benefit the development activity.
2. Impact fees shall not be imposed to make up for deficiencies in existing facilities serving existing developments.
3. Impact fees shall not be used for maintenance or operation.
B. Impact fees may be spent for planned facilities, including, but not limited to, planning, land acquisition, construction, engineering, architectural, permitting, financing and administrative expense, applicable impact fees or mitigation costs, capital equipment pertaining to planned facilities, and any other similar expenses which can be capitalized.
C. Impact fees may also be used to recoup city improvement costs previously incurred by the city to the extent that new growth and development activity will be served by the previously constructed improvements or incurred costs.
D. Impact fees may be used to recoup the cost of studying, analyzing and preparing the impact fees.
E. In the event that bonds or similar debt instruments are to have been issued for the advanced provision of city improvements for which impact fees may be expended, impact fees may be used to pay debt service on such bonds or similar debt instruments to the extent that the facilities or improvements provided are consistent with the requirements of this section and are used to serve the development activity. (Ord. 2013-07, 5-28-2013, eff. 9-1-2013)