(A) As a precondition to the adoption of this subchapter, the Town Council undertook a comprehensive and detailed road impact analysis through the engagement for that purpose of A&F Engineering, an engineering firm of qualified engineers licensed to perform engineering services in Indiana. The Town Council now finds that the resulting study and data base constitute a sufficient study to constitute a "Zone Improvement Plan" as contemplated by I.C. 36-7-4-1318.
(B) The Town Council does hereby adopt and approve the Plan as its Zone Improvement Plan, for purposes of this subchapter and specifically finds that the Zone Improvement Plan contains the following elements:
(1) A description of the nature and location of existing infrastructure in the Impact Zone.
(2) A reasonable determination of the current level of service provided within the Impact Zone.
(3) A reasonable determination of the community level of service for the Impact Zone.
(4) Reasonable estimates relating to the nature and location of development that is expected to occur within the Impact Zone during the following ten-year period.
(5) A reasonable estimate of the nature, location, costs, sequencing, and timing of the intersection and roadway infrastructure necessary to provide the community level of service for the developments contemplated in division (B)(4) above.
(6) A general description of the sources and amounts of money used to pay for infrastructure during the previous five years.
(7) Reasonable provisions for the completion of the infrastructure necessary to raise the current level of service to the community level of service within the following ten-year period.
(8) Reasonable provisions for the nature, location, and cost of infrastructure that is necessary to raise the current level of service to the community level of service.
(9) Reasonable provisions concerning the revenue sources and estimated amounts of revenue that the town intends to use to raise the current level of service to the community level of service for existing development.
(10) A reasonable estimate of the share of the intersection and roadway costs identified in division (B)(5) hereof that will be used to raise the current level of service for existing development or provide service to existing development, or to provide service to new development.
(11) A reasonable estimate of revenues that are from sources other than impact fees and will be used to finance the cost of raising the current level of service for existing development or providing service to existing development.
(Ord. 2023-23, passed 11-6-2023)