(A) The intent of this chapter is to ensure that new development bears a proportionate share of the cost of city parks, water, sewer, storm water, police, city administration, and transportation capital facilities. It is the further intent of this chapter that new development pay for its fair share for the development of these systems through the payment of fees. Furthermore, it is the intent of this chapter that the System Development Fees imposed on new development are no greater than necessary to defray the impacts directly related to proposed new development.
(B) It is not the intent of this chapter that Impact Fees be used to remedy any deficiency in system development existing on the effective date of this chapter. Further, it is not the intent of this chapter that any monies collected from any System Development Fee deposited in an System Development Fee Fund Account ever be commingled with monies from a different Fund Account, or ever be used for Capital Facilities that are different from that for which the fee was paid.
(C) Particularly, the provisions of this subchapter are adopted for the following reasons:
(1) To provide an adequate and constant method for the financing of the unfunded portion of needed systems development costs throughout the city, reasonably related to projected community growth.
(2) To promote the orderly and efficient expansion of public water, wastewater, storm management and transportation systems to adequately meet the domestic and economic needs of the community and to minimize adverse fiscal and environmental impacts of new development.
(3) To insure the continuation of necessary level of services including, but not limited to police and general administrative services.
(4) To establish equitable methods for allocating system development costs to the city associated with new development.
(5) To regulate the development of land to ensure that new development bears a proportionate share of the cost of capital expenditures necessary to develop all necessary infrastructure systems in Riverbank as contemplated by the General Plan.
(6) The General Plan establishes that land development shall not be permitted unless adequate capital facilities and/or infrastructure exist or are assured, and that land development shall bear a proportionate share of the cost of the provision of the new or expanded capital facilities required by such development.
(7) Other revenue sources are not sufficient to fund capital improvements necessary to accommodate new system development.
(8) The General Plan establishes that System Development Fees are one of the chosen methods of regulating land development in order to ensure that it bears a proportionate share of the cost of capital facilities necessary to accommodate the development and to promote and protect the public health, safety, and welfare.
(9) The use of System Development Fees is a means to provide additional resources for an adequate public infrastructure and services only as they relate to the needs of new development.
(10) The use of System Development Fees is a standardized method for ensuring that new development pays its fair share of the cost of public infrastructure systems.
(11) System Development Fees are used in the development of the Capital Improvement Program for financing public facilities, and ensure the adequacy of public systems to serve development.
(Ord. 2015-016, passed 10-27-15)