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The following definitions apply in this article:
"Delta Shores sub-area" means the proposed master-planned community that is identified in the updated Delta Shores finance plan and consists of residential, commercial, and retail uses on approximately 780 acres within the city limits and adjacent to the city's southern boundary.
"Delta Shores facilities" means the infrastructure and facilities identified in the updated Delta Shores finance plan.
"Delta Shores impact fee" means the fee established by section 18.56.1020 to finance the design, construction, installation, improvement, and acquisition of the Delta Shores facilities.
"Delta Shores infrastructure fund" means the infrastructure fund created by section 18.56.1030.
"Stone Boswell sub-area" means the approximately 121 acres adjacent to the eastern boundary of the Delta Shores sub-area and identified in the updated Delta Shores finance plan as the Stone Boswell site. The Stone Boswell sub-area is comprised of a 14 acre parcel (APN 053-0010-049), a 37 acre parcel (APN 053-0010-076) and a 70 acre parcel (APN 053-0010-048), with the 14 acre parcel and the 70 acre parcel zoned R-1A (single-unit or duplex dwelling zone) and the 37 acre parcel zoned R-1-R (single-unit dwelling zone).
"Updated Delta Shores finance plan" means the city council-approved finance plan that calculates the Delta Shores impact fee amounts. (Ord. 2019-0034 § 2)
A. The Delta Shores impact fee is established and imposed on all parcels located within the Delta Shores sub-area and the Stone Boswell sub-area for the following types of development:
1. New dwelling units, buildings, or structures.
2. Additions to the commercial building area or residential building area of a building or structure.
3. Changes in use of a building or structure.
B. Consistent with the updated Delta Shores finance plan, the amount of the Delta Shores impact fee may vary depending on whether it is being imposed within the Delta Shores sub-area or the Stone Boswell sub-area. (Ord. 2019-0034 § 2)
A. The Delta Shores infrastructure fund is established. The city shall deposit all revenues generated by the Delta Shores impact fee, and any interest earned on the fund balance, into the fund.
B. The city shall use the Delta Shores infrastructure fund to:
1. Finance the design, construction, installation, improvement and acquisition of Delta Shores facilities.
2. Reimburse the city for administrative costs identified in the updated Delta Shores finance plan.
3. Reimburse landowners and holders of development credits consistent with section 18.56.1040 and the updated Delta Shores finance plan. (Ord. 2019-0034 § 2)
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