(A) At least once every five years, the City shall update the Impact Fee Study that provides the basis for the impact fees imposed under this subchapter.
(B) Increases in impact fee rates must comply with the developer credit provisions in § 38.108 and must ensure the holders of any impact fee credits created under this subchapter, but in existence before a fee increase, receive the full benefit of the intensity or density prepaid by the credit balance as of the date it was first established, including credits granted under F.S. §§ 163.3180 or 380.06, after the original effective date of this subchapter.
(C) On an annual basis, the Director shall report the following to the City Commission:
(1) The amount of impact fee revenues currently on account for each category of the Capital Improvement System for which impact fees are collected;
(2) The amount and nature of any expenditure or encumbrance of impact fees since the prior annual report:
(3) The status of outstanding developer credits and credit balances; and
(4) The amount and nature of any planned expenditures or encumbrances of impact fees prior to the next annual report.
(D) Audits of the City’s financial statements, which are performed by a certified public accountant pursuant to F.S. § 218.39 and submitted to the Auditor General, must include an affidavit signed by the Finance Director stating that the City has complied with the requirements of F.S. § 163.31801.
(E) In addition to the items that are reported in the annual financial reports under F.S. §§ 218.39 and 380.110, and (G) above, the City will issue a report on impact fees that includes the following data:
(1) The specific purpose of the impact fee, including the specific infrastructure needs to be met, for each category of impact fee collected pursuant to this subchapter.
(2) The impact fee schedule policy describing the method of calculating impact fees, such as flat fees, tiered scales based on number of bedrooms, or tiered scales based on square footage, as set out in the Impact Fee Study.
(3) The amount assessed for each purpose and for each type of dwelling.
(4) The total amount of the impact fees charged by type of dwelling.
(5) Each exception and waiver provided for construction or development of housing that is affordable.
(Ord. O-2022-18, passed 9-21-22)