General facility, park facility, trail facility, storm drain facility, and street and traffic facility development impact fees shall be paid by applicants for development projects as set forth in this chapter and in the amounts adopted by the town council by resolution from time to time. No building permit, or occupancy permit, shall be issued for any new development project unless the fees specified in this chapter as adopted by resolution of the town council are paid. Fees collected pursuant to this chapter shall be deposited into a separate fund and used only for the purpose of acquiring, designing, constructing, improving, providing and maintaining, to the extent permitted by law, the general facilities provided for in the study and the plans as adopted and amended from time to time by the town council. (Ord. 173, 11-10-2005)