(A) The following criteria shall govern the calculation of the library development impact fee. This requirement shall be determined by the cost per capita method by obtaining the quotient of the following:
(1) The approved current fiscal year’s operating costs for the library:
(2) Divided by the current census population of the city. This number will be:
(3) Multiplied from the most current version of the Table of Estimated Ultimate Population Per Dwelling Unit.
(B) This derived value will represent an estimate of the impact of the proposed residential development on the library.
Formula |
Approved fiscal year operating costs = Cost per resident census population |
Cost per resident x Table of Estimated Ultimate Population Per Dwelling Unit = Library development impact fee |
(Ord. 06-42, passed 7-20-2006; Ord. 2009-28, passed 9-21-2009)