The purpose of this chapter is to provide a fair and equitable means of funding the storm water facilities which will be necessary to service anticipated future growth and development in the city. The impact fees for storm water facilities implemented through this chapter will help achieve an equitable allocation of the costs of providing such facilities which are reasonably related to and necessary to service anticipated future growth. (1999 Code)
The owner or developer of property located in one of the drainage basins for which storm water facilities improvements are necessary in order to accommodate new development shall pay an impact fee to the city for that purpose. The amount of the fees shall be as set in this section. The city council may adjust the fee for inflation by resolution on an annual basis for each fiscal year based on a report from the department utilizing the construction cost index published by the engineering news record. The fee shall be paid as a condition precedent to the issuance of a building permit or construction of improvements upon the property in question. Where the development is a subdivision of a conditional use, the fee shall be paid to and collected by the department prior to the approval of the plat or plan by the department.
Holladay (Big Cottonwood) Basin
(Development Runoff ÷ 903.5) X $8,060,037 = Gross Fees
(1999 Code)
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