(a) In addition to other charges provided for in the Village ordinances, the Village Administrator is hereby authorized and directed to collect a water system connection impact charge in the amount established by division (b) of this section. The amount of the connection impact charge shall be based on the number of residential units assigned to a connection for a residential use, and a multiple of such amount for non-residential properties based upon the unit equivalency factors established by Section 1046.06(b) and based upon the same procedure established in Section 1042.06. The water system connection impact charge shall be paid at the time of application for a water connection permit.
(b) The base rate charge for the water system connection impact charge shall be one thousand eight hundred and seventy-two dollars ($1,872.00) per residential unit equivalent, until December 31, 2006. Commencing January 1, 2007, the base rate for the water system connection impact charge shall be two thousand four hundred and thirty-six dollars ($2,436.00) per residential equivalent unit, until December 31, 2007. Commencing January 1, 2008, the base rate for the water system connection impact charge shall be three thousand dollars ($3,000.00) per residential unit equivalent, adjusted by the Engineering News Record (ENR) construction multiplier published for January of each year, commencing January 1, 2009.
(c) Water connection impact charges. Water connection impact charges collected shall be placed in the Water Improvement Fund, and shall be used for capital improvements that will benefit the entire utility, that will have a life expectancy of at least five years, and that will have a cost greater than two thousand dollars ($2,000.00). The Water Improvement Fund shall also be used to pay a portion of the cost of the expansion of the water treatment plant and/or water distribution system, including, but not limited to, engineering fees, legal fees, debt service, and water impact charge survey costs.
(Ord. 888-06. Passed 7-10-06; Ord. 1016-11. Passed 5-9-11.)