Time of collection.
(A) Land subdivision. For new development involving the subdivision of land, the system development fee shall be collected by the town at the later of either of the following:
(1) The time of application for a building permit.
(2) When the town commits water or sewer service.
(B) Other new development. For all other new development, the town shall collect the system development fee at the earlier of either of the following:
(1) The time of application for connection of the individual unit of development to the service or facilities.
(2) When the town commits water or sewer service.
(C) When there is a difference between the fee collected at plat recordation vs. time of building permit application. No system development fee shall be charged or assessed with respect to any new development for which a system development fee has been collected at the time of plat recordation involving the subdivision of land and the amount of capacity associated with that payment of the system development fee has not increased at the time of application for a building permit. If the amount of utility system(s) capacity is increased at the time of application for the building permit, then a system development fee may be charged for the difference in the amount of the increased capacity minus the previously collected system development fee.
(Adopted 10-3-2023)