The Board of Mayor and Aldermen (hereinafter “Board”) hereby finds and declares that:
(A) The city is experiencing rapid pollution and employment growth, as a result of the location of the General Motors Corporation’s Saturn Plant;
(B) The city will experience an increase of 600 or more residential dwelling units by the year 1999;
(C) The anticipated population growth in the city creates the demand for additional road, park, police, fire, safety, sanitation and water facilities;
(D) The city, insofar as its revenues allow, is committed to the provision of such public facilities and services at levels of service necessary to support anticipated residential growth;
(E) The city has prepared a ten-year capital improvements plan which, to the extent possible, identifies such facilities and services levels and designates the sources of funding the same;
(F) The estimated capital improvements costs of these facilities to serve new growth for the next ten years will be approximately $10,000,000;
(G) The city’s capital improvements plan apportions the costs of providing additional public facilities and services among existing and future users of such facilities in proportion to the demands for these facilities generated by such users, the Board realizing that the city’s facilities before Saturn were adequate for its population at that time and its pre-Saturn rate of growth for the next 20 years;
(H) The demand for additional public facilities to serve new growth in the city is generated by residential development and, to some extent, by non-residential development, such as the Ryder Transportation facilities, and anticipated future non-residential development; taking into consideration factors such as usage of public facilities by employees residing outside of the city and demand for specialized services necessitated by non-residential development. The ratio of the impact on public facilities and services attributable to new residential development and new non-residential development as to the pre-Saturn demands of the city is approximately 100 to one (100:1);
(I) The legislature of the state has authorized the city to impose an adequate facilities tax on the privilege of engaging in the business of development; and
(J) The tax herein imposed is within the statutory limits established by the legislature and is otherwise reasonable and equitable.
(2011 Code, § 5-603)