(A) The impact fee imposed by this impact fee enactment shall not exceed the highest fee justified by the impact fee analysis.
(B) In calculating the impact fee, the city is authorized to include:
(1) The construction contract price, based on realistic estimates;
(2) The cost of acquiring land, improvements, materials, and fixtures;
(3) The cost for planning, surveying, and engineering fees for services provided for and directly related to the construction of the system improvements; and
(4) Debt service charges, if the city might use impact fees as a revenue stream to pay the principal and interest on bonds, notes, or other obligations issued to finance the costs of the system improvements.
(Ord. 2012-001, passed 4-10-2012)