Each IFA contains an executive summary as well as two types of analysis referred to as the "Impact Fee Analysis" and the Proportionate Share Analysis described more fully as follows:
A. Executive Summary: A summary of the IFAs designed to be understood by a lay person (the "Executive Summary") is included in the attached Exhibit "B" and demonstrates the need for Impact Fees to be assessed on Development Activity. The Executive Summary has been available for public inspection at least ten (10) days prior to the adoption of this Ordinance.
B. Impact Fee Analysis: The City has commissioned the IFFPs and IFAs which identify the impacts upon public facilities required by anticipated development activity and the anticipated impacts on system improvements required by anticipated development activity to maintain the established level of service for each public facility, demonstrate how such anticipated impacts are reasonably related to the anticipated development activity, estimate the proportionate share of the costs of impacts on system improvements that are reasonably related to the development activity, and identify how the impact fees are calculated. Copies of the IFFPs and IFAs, are attached as Exhibit "B" which has been available for public inspection at least ten (10) days prior to the adoption of this chapter.
C. Proportionate Share Analysis: In connection with the IFFPs and IFAs, the City has prepared a proportionate share analysis which analyzes whether or not the proportionate share of the costs of public facilities is reasonably related to the service demands and needs related to new development activity. The proportionate share analysis identifies, as applicable:
1. The costs of each existing public facility that has excess capacity to serve the anticipated development resulting from new development activity;
2. The cost of system improvements for each public facility;
3. The manner of financing for each public facility (such as user charges, special assessments, bonded indebtedness, general taxes or funded grants) other than impact fees;
4. The relative extent to which development activity will contribute to financing the excess capacity of and system improvements for each existing public facility by such means as user charges, special assessments or payment from the proceeds of general taxes;
5. The relative extent to which development activity will contribute to the cost of existing public facilities and system improvements in the future;
6. The extent to which development cctivity is entitled to a credit against the impact fees because the development activity will dedicate system improvements or public facilities that will offset the demand for system improvements, inside or outside the proposed development;
7. Any extraordinary costs in servicing the newly developed properties; and
8. The time-price differential inherent in fair comparisons of amounts paid at different times.
9. A copy of the proportionate share analysis is included in the IFAs, which is included in Exhibit "B" and has been available for public inspection at least ten (10) days prior to the adoption of this chapter. (Ord. 2021.28, 12-15-2021)