This chapter is intended to impose an impact fee at the time of building permit or certificate of occupancy issuance, in an amount based upon the gross square footage of non-residential development and number of residential dwelling units in order to finance public facilities, the demand for which is generated by new development. The city will meet, to the extent finances permit through the use of general city revenues, all capital improvement needs associated with existing development. Only needs created by new development will be met by impact fees. Impact fees shall not exceed the cost of providing capital improvements for which the need is substantially attributable to those developments that pay the fees. The fees shall be spent on new or enlarged capital facilities improvements that substantially benefit those developments that pay the fees.
(2011 Code, § 5-503) (Ord. 15-04, passed 12-21-2015; Ord. 19-11A, passed 4-15-2019)