The
City Council
finds that the potential of new construction of residential development and business development will have an adverse impact on existing public streets, highways, public buildings and public services. Under existing ordinances for the issuance of building permits, the fees authorized for new developments are disproportionate to the anticipated impact that will be imposed upon the existing public streets, highways, public buildings and public services. It is necessary for the public welfare that an equitable method be established whereby the persons constructing new residential and business projects pay a fee to fairly offset the additional financial impact resulting from the described development. (Ord. 462 § 1(part), 1984).