Prior to the establishment of a system development charge, the City Council shall adopt a plan that:
(A) Lists the capital improvements that the City Council intends to fund in whole or in part with improvement fee revenues;
(B) Lists the estimated cost and percentage of costs eligible to be funded with revenues from the improvement fee for each improvement; and
(C) Describes the process for modifying the plan. If a system development charge will be increased by a proposed modification of the list to include a capacity increasing capital improvement, the city shall provide, at least 30 days prior to the adoption of the modification, notice of the proposed modification to the persons who have requested written notice under § 52.079. The city shall hold a public hearing if a written request for a hearing on the proposed modification is received within seven days of the date the proposed modification is scheduled for adoption. A change in the amount of a reimbursement fee or an improvement fee is not a modification of the system development charge methodology if the change in amount is based on a change in cost of materials, labor or real property applied to projects or project capacity as set forth on the list adopted pursuant to this section or the periodic application of the Construction Cost Index published by the Engineering News Record and is incorporated as part of the established methodology or identified and adopted in a separate ordinance, resolution or order.
(Prior Code, § 52.082) (Ord. 1272, passed 12-19-2012)