A. The town council hereby adopts the public facilities development impact fee study prepared by MuniFinancial, dated May 2, 2005, and the associated fees at the following levels indicated in subsection B of this section. Actual fees imposed by the town council shall be established by separate resolution of the town council. (Ord. 173, 11-10-2005)
B. The maximum fees that may be adopted by resolution of the town council shall be in accordance with the following maximum legally defensible fee levels:
Single-family residential development | $9,081.00 per unit |
Multi-family residential development | 6,352.00 per unit |
Commercial development | 7,735.00 per 1,000 square feet |
Office development | 7,038.00 per 1,000 square feet |
Industrial development | 3,176.00 per 1,000 square feet |
(Ord. 217, 10-19-2010)