(A) The formula that the city shall use to calculate the impact fee is as attached to the ordinance codified herein.
(B) The city may adjust the standard impact fee at the time the fee is charged to:
(1) Respond to unusual circumstances in specific cases or to a request for a prompt and individualized impact fee review for the development activity of the state, a school district or a charter school, and an offset or credit for a public facility for which an impact fee has been or will be collected;
(2) Ensure that the impact fees are imposed fairly; and
(3) Reflect the actual cost of inflation or deflation for construction projects in the state since the time of adoption of the impact fee.
(C) The city may also adjust the impact fee to be imposed on a particular development based upon studies and data submitted by the developer.
(D) Developers, including a school district or a charter school, are allowed to receive a credit against or proportionate reimbursement of an impact fee if the developer:
(1) Dedicates land for a system improvement;
(2) Builds and dedicates some or all of a system improvement; or
(3) Dedicates a public facility that the local political subdivision or private entity and the developer agree will reduce the need for a system improvement.
(E) A credit against impact fees shall be given for any dedication of land for, improvement to, or new construction of, any system improvements provided by the developer if the facilities:
(1) Are system improvements; or
(2) (a) Are dedicated to the public; and
(b) Offset the need for an indentified system improvement.
(F) The city may exempt low income housing and other development activities with broad public purposes from impact fees and establish one or more sources of funds other than impact fees to pay for that development activity.
(Ord. 2012-001, passed 4-10-2012)