8-5-4: IMPACT FEE FACILITIES PLAN:
The City has developed the IFFPs which identify the existing levels of service, establish proposed levels of service, identify excess capacity to accommodate future growth at the proposed levels of service, identify demands placed upon existing public facilities by new development activity at the proposed levels of service, and identify the means by which the City will meet those growth demands. The City has chosen to use a planning horizon of ten years in preparing the IFFPs. The City has considered all revenue sources to finance the impacts on system improvements, including grants, bonds, inter-fund loans, Impact Fees and anticipated dedication of system improvements. The City's plan for financing system improvements establishes that impact fees are necessary to maintain a proposed level of service that complies with subsection 11-36a-302(1)(b) or 11-36a-302(1)(c) of the Act. The IFFPs have been prepared based on reasonable growth assumptions for the service area, and analyze the general demand characteristics of current and future users of the systems. Furthermore, the IFFPs identify the impact on system improvements created by development activity and estimate the proportionate share of the costs of impacts on system improvements that are reasonably related to new development activity. Said IFFPs are included in Exhibit "B" and are incorporated into this chapter by this reference. (Ord. 2021.28, 12-15-2021)