§ 53.10 PLANT INVESTMENT FEE.
   (A)   The Town's existing water system is designed and built to support the fully built out connections within the corporate limits and committed service areas outside the corporate limits as described in the “Star Valley Ranch Groundwater Level II Study” Final Report, dated February 2009.
   (B)   This one-time fee is to assure the water system's future capacity and the integrity of its operational intent. The fee will be assessed to minimize any additional, future costs to the existing Water System's Users from any unplanned and unanticipated uses.
   (C)   Additional users resulting from annexation of any subdivision or plat amendment of existing lot or lots that create additional lots may require additional water sources, storage capacity and other system upgrades or additions, all of which shall be at the applicant's expense, constructed to Town's water system specifications including fire suppression, reviewed by the Water Utility Board and approved by the Town's Engineer. These costs will be assessed to the Applicant. Payment of the Fee will be part of a Subdivision Development Agreement. Terms and conditions as agreed upon by the Applicant, Water Utility Board and Town Attorney, then approved by the Town Council.
   (D)   For single service requests for a building with multiple Housing Units and Commercial Units, the assessed number of Plant Investment Fees shall be the greater of the number of required 3/4-inch meters to accommodate a service per unit or the size of the pipe for the requested single metered service.
(Ord. 2021-13, passed 8-18-2021)