(A) The city shall update its land use assumptions and capital improvements plans at least every five years, commencing approximately from the date of adoption of such plans, and shall recalculate the impact fees based thereon in accordance with the procedures set forth in Tex. Loc. Gov’t Code, Ch. 395, or in any successor statute.
(B) The city may review its land use assumptions, impact fees, capital improvements plans and other factors such as market conditions more frequently than provided in division (A) above to determine whether the land use assumptions and capital improvements plans should be updated and the impact fee recalculated accordingly, or whether Exhibit C should be changed. Exhibit C may be amended without revising land use assumptions and capital improvements plans at any time prior to the update provided for in division (A), provided that the impact fees to be collected under Exhibit C do not exceed the maximum impact fees of Exhibit C.
(C) If at the time an update is required pursuant to division (A), the City Council determines that no change to the land use assumptions, capital improvements plans, or impact fees is needed it may dispense with such update by following the procedures in Tex. Loc. Gov’t Code, § 395.0575.
(Ord. 2022-16, passed 3-8-22
; Am. Ord. 2022-67, passed 11-15-22)