(a) For any new development which has received final plat approval in accordance with Tex. Local Government Code Chapter 212, or pursuant to the city’s subdivision regulations, or for which an application for final approval has been made, prior to the effective date of this division, the city may assess, but shall not collect any water impact fee as herein defined, on any service unit for which a valid building permit is issued within one year subsequent to the effective date of this division.
(b) If the building permit, which is obtained within the period provided for in subsection (a) above subsequently expires, and no new application for a building permit is approved within such period, the new development shall be subject to the payment of an impact fee, as provided in § 35-70.5.
(Ord. 10601, § 1(1.11), passed 6-5-1990)