The Council does hereby find and declare as follows:
(a) Adequate school facilities shall be available for children residing in new residential developments within the City.
(b) Public and private residential developments within the City require the expansion of existing public schools or the construction of new school facilities.
(c) Funds for the construction of new classroom facilities within the City are not available when new development occurs, resulting in the overcrowding of existing schools.
(d) New housing developments within the City cause conditions of overcrowding in existing school facilities which cannot be alleviated under existing law within a reasonable period of time.
(e) The General Plan of the City provides for the location of public schools.
(f) For the reasons set forth in this section, this chapter is enacted for the purpose of providing a new and improved method of financing for interim school facilities necessitated by new residential developments within the City.
(§ 1, Ord. 684-NS, eff. August 17, 1978)