(A) Systemwide improvements (buy-in) fees shall be applied only to capital improvements associated with the system for which the fees are assessed, including expenditures relating to repayment of indebtedness.
(B) Growth-related expansion fees shall be assigned only for anticipated expansion of the water utility.
(C) Notwithstanding divisions (A) and (B) of this section, impact fee revenues may be expended on the direct costs of complying with the provisions of this chapter, including the costs of developing impact fee charge methodologies and providing an annual accounting of impact fee expenditures.
(D) There is created a dedicated account entitled the “Water Impact Fee Account.” All monies derived from the water impact fee shall be placed in the Water Impact Fee Account. Funds in the Water Impact Fee Account shall be used solely to provide the water capital improvements that relate to treatment and storage and transmission that is of benefit to all customers, and eligible administrative costs. In this regard, water impact fee revenues may be used for purposes that include:
(1) Design and construction plan preparation;
(2) Permitting;
(3) Right-of-way acquisition, including any costs of acquisition and condemnation;
(4) Construction of new water treatment facilities;
(5) Rehabilitation or replacement of filter media in existing filtration system;
(6) Construction of raw water transmission lines and finished water transmission lines that are of benefit to all customers of the water utility;
(7) Construction of pumping stations;
(8) Demolition that is part of the construction of any of the improvements on this list;
(9) Repair and replacement of the capital items listed in divisions (D)(4), (D)(5), and (D)(6) above;
(10) Payment of principal and interest, necessary reserves and costs of issuance under any bonds or other indebtedness issued by the city to provide money to construct or acquire water facilities; and
(11) Direct costs of complying with the provisions of any statute that allows or limits impact fees, including the costs of developing impact fee methodologies and providing an annual accounting of impact fee expenditures.
(Ord. 2017-30, passed 11-21-17; Am. Ord. 2023-15, passed 8-1-23)