(A) Except as provided in this subchapter and any amendment to this subchapter, the village shall impose impact fees as a condition of approval of all new development projects. No tentative or final subdivision map, parcel map, grading permit, building permit, final inspection, or certificate of occupancy, or other development permit, may be approved unless the provisions of this section have been fulfilled.
(B) Impact fees shall be imposed by including the following language in any document of development approval: Approval of this project is conditioned upon payment to the village of all applicable impact fees, as provided in this subchapter.
(C) Impact fees shall be collected by the Village Clerk at the time and as a condition of approval by the Board of the final plat.
(D) In the event that the developer chooses to pay the required fee over a maximum of a 4- year period, or as facilities become available, the following conditions shall apply:
(1) Each installment shall be based on the current year per acre fee.
(2) A non-expiring bond, letter of credit or other acceptable financial security as approved by the Village Board, shall be provided consistent with the provision of this subchapter. The amount of this financial security shall be equal to the balance of the impact fee due.
(E) Calculation of impact fee.
(1) The impact fees shall be assessed based upon the acreage of a new development project. The acreage shall be on a per total (gross) acre basis, minus the acreage of platted rights-of-way to be dedicated in fee simple title to the village for roadway purposes.
(2) The impact fees shall be:
(a) Wastewater Treatment Impact Fee $5,594.00/acre.
(b) Wastewater Collection Impact Fee $1,885.00/acre.
(c) Water Treatment Impact Fee $2,561.00/acre.
(d) Water Distribution Impact Fee $1,551.00/acre.
Total Impact Fee $11,591.00/acre.
(Ord. 2007-05, passed 2-27-2007; Am. Ord. 2023-01, passed 1-24-2023)