The Village Board of Commissioners hereby finds that:
(A) The village assumes the responsibility for and is committed to providing public facilities at levels necessary to cure any existing deficiencies in already developed areas.
(B) New commercial, residential, and industrial development imposes increased and excessive demands upon village public facilities.
(C) Planning, economic and demographic studies project that new development will continue and will place very increasing demands on the village to provide public facilities to serve the new development.
(D) The development potential and property values of properties in the designated benefit areas are strongly influenced by village policy as implemented by the village zoning ordinance and map.
(E) To the extent that new development places demands upon the public facilities, those demands should be satisfied by shifting the responsibility for financing the provisions of the facilities from the public to the development creating the demands.
(F) The Village Board of Commissioners, after careful consideration of the following studies and the experience of other similarly situated villages, finds that the imposition of impact fees to finance specified major public facilities, the demand for which is created by new development, is in the best interest of the general welfare of the village and its residents, is equitable, and does not impose an unfair burden on new development.
(Ord. 2007-05, passed 2-27-2007)