Development impact fees for the Town of Mount Pleasant shall be terminated within 15 years after the effective date of this chapter, or when sufficient fees have been collected to fund all of the projects eligible for development impact fee funding that are identified in the Town of Mount Pleasant Capital Improvements Plan, whichever shall first occur, unless:
(A) Town Council adopts a revised Development Impact Fee Study Report for Mount Pleasant or amends the Town of Mount Pleasant Capital Improvements Plan for a subsequent amount of time; or
(B) Town Council adopts an updated Development Impact Fee Ordinance for the Town of Mount Pleasant pursuant to the substantive and procedural requirements set forth in the South Carolina Development Impact Fee Act, as amended.
(Ord. 17009, passed 4-3-17; Am. Ord. 18068, passed 10-9-18)