(A) The town's Finance Office shall maintain the schedule of sewer system development fees and adjust those fees only upon the completion of a new system development fee analysis report.
(B) The sewer system development fee table is listed in Appendix A.
(C) (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.
(D) The sewer system development fee shall not be based on any water service used solely for the purpose of fire protection. In cases where a water service provides fire protection and regular service, the sewer impact fee shall be based on the water meter size necessary if fire protection were not required, as determined by the Director of Public Services and/or Town Engineer.
(E) The sewer 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)