Prior to the establishment of a system development charge by resolution, the Council shall adopt a plan that:
(A) Lists the capital improvements that may be funded with improvement fee revenues, including the estimated cost and time of construction of each improvement, and the estimated percentage of costs eligible to be funded with revenues from improvement fees for each improvement; and
(B) Describes the process for modifying the plan. The Council may modify the plan and list at any time. If a system development charge will be increased by a proposed modification of the list to include a capacity increasing capital improvement, as referenced in § 50.007(B), the city shall provide at least 30 days’ notice of the proposed plan modification to persons who have requested written notice under § 50.016(B). A hearing on the proposed plan modifications will be held if the city receives a written request for such a hearing within seven days of the date the proposed modification is scheduled for adoption. If no such request is received within this time period, a hearing is not required but may be held in the Council’s sole discretion.
(Ord. 500, passed 4-10-2006)