(a) The fees specified in Section 1345.07(a) shall be reviewed by the City Council at least every two (2) years, and at such review time City Council may maintain, reduce or increase the then current fees. In its review, the City Council shall be guided by, but not be limited to, the following factors:
(1) Regional changes in the cost of construction materials and labor for facility improvements and equipment;
(2) Amendments and changes to the City’s Land Use Plan;
(3) Amendments and changes to the City’s Fire/EMS Study;
(4) Interest rate factors for bonds; and
(5) Changes in accepted and approved Fire/EMS Standards for Provision of Service.
(b) If all land development activity of any particular Fire/EMS System Improvement District is maximized and fully built out, and if all capital improvements and equipment for that district have been fully constructed and completed, and if all financial obligations of that district and the corresponding trust fund are fully paid, and if the Council finds there is no further need for the District and there are no further capital improvements or equipment to be made for the benefit of the District, then in such event the Council shall, by ordinance, dissolve that particular district and any corresponding trust fund(s) for that district. Dissolution and termination of the trust fund(s) and disposition of any remaining balance in such fund(s) shall be pursuant to law.
(Ord. 24-05. Passed 5-23-05.)
(Ord. 24-05. Passed 5-23-05.)