(A) A methodology for establishing the improvement fee or the reimbursement fee, or both, shall be contained in, and adopted by, resolution of the City Council. Any changes or amendments to the methodology shall be made by resolution.
(B) The methodology used to establish the reimbursement fee shall consider the cost of then-existing facilities, prior contributions by then-existing users, the value of unused capacity, rate-making principals employed to finance publicly owned capital improvements, and other relevant factors identified by the Council. The methodology shall promote the objective that future system users shall contribute no more than an equitable share of the cost of then-existing facilities.
(C) The methodology used to establish the improvement fee shall consider the cost of projected capital improvements needed to increase the capacity of the systems to which the fee is related.
(Ord. 332, passed 11-20-1998)