(A) Except as provided below, the town shall impose and collect a water system development fee on all new construction that is to be served by the town's water system.
(1) No water system development fee shall be imposed:
(a) Upon entities providing water service to the public when the purpose of the connection is only for temporary or emergency service; or
(b) For service installed solely for fire protection. If new service provides both fire protection and regular service, the system development fee shall be based on the water meter size that would be necessary if fire protection were not required, as determined by the Director of Public Services and/or Town Engineer.
(B) The town's Finance Office shall maintain the schedule of water system development fees and adjust those fees only upon the completion of a new system development fee analysis report.
(C) The water system development fee table is listed in Appendix A.
(D) (1) One hundred percent of the water system development fee shall be paid at the earliest or next occurrence of any one of the following:
(a) Payment of tap fee; and
(b) Certificate of occupancy.
(2) Customers requesting to change from a smaller to a larger meter size shall pay the difference between the then current system development fees for the 2 meter sizes. The current fees shall be as listed in Appendix A of this chapter at the time of payment for the new meter. Payment of the system development fee shall be made at the same time as payment for the new meter.
(E) The water system development fee shall be applied throughout the entire area served by the town water utility to any new water service.
(F) The water system development fee shall be used to fund projects set forth in the most current system development fee report as authorized by the G.S. Ch. 162A, as amended by House Bill 436, for the establishment of water and wastewater system development fees. The fees shall be placed in a separate capital reserve fund prior to expenditure.
(Ord. 1741, passed 6-12-2018; Am. Ord. 1942, passed 7-13-2021)