(A) In addition to all other charges prescribed by ordinance or resolution now or hereafter in effect, prior to the issuance of a zoning compliance form, there shall be a capital reserve fee due for tapping onto the town’s water or sewer system, or upon any other action that causes an increased impact to the town’s collection or distribution systems.
(B) The town’s capital reserve fees may be adjusted from time to time by the Board of Aldermen to reflect changes in the cost of upgrading the town’s distribution and collection systems and shall be calculated based on the capital reserve fee schedule currently adopted by the Board of Aldermen. Revenues realized with these fees shall be utilized for Enterprise Fund Capital Reserves.
(C) When the property is located outside the corporate limits of the town, the capital reserve fees shall be double those fees currently adopted by the Board of Aldermen for properties located within the corporate limits of the town.
(Ord. eff. 9-19-2000)