§ 15.08.070. Imposition of impact fee.

A.

Such fees shall be levied against the owner of the property and shall obligate the owner to pay the fee within the time prescribed for payment of the water bill.

B.

Impact fees shall not exceed the cost of providing capital improvements for which the need is reasonably attributable to those developments that pay the fees. The fees shall be spent on new or enlarged capital improvements that reasonably benefit those developments that pay the fees.

C.

In formulating the applicable assessment for capital facilities and infrastructure, the following factors have been or will be considered:

1.

The need for new facilities to serve new development based on a capital improvements plan that shows (a) any deficiencies in existing facilities that serve existing development and the means by which existing development will be assessed and assessments used to make up such deficiencies, and (b) any capital improvements that are attributable to the demands placed on specified facilities by new development;

2.

The need for impact fees considering the availability of other means to fund capital improvement including, but not limited to, user charges, taxes, intergovernmental transfers and other revenue and special taxation or assessment districts;

3.

The cost of existing capital improvements;

4.

The method by which the existing capital improvements were financed;

5.

The extent to which developments paying the impact fee already have contributed to the cost of the existing facility and the credit against impact fees that may be due therefrom;

6.

The extent to which new development will contribute to the cost of the existing facility in the future (i.e, user fees, debt payments or proportion of future taxes reasonably expected to be used for future capital costs) and the credit against impact fees that may be due therefrom;

7.

The extent to which new development is required as a condition of approval to construct facilities that substantially benefit other development and the credit against impact fees that may be due therefrom; and

8.

The time-price differential inherent in comparisons of amounts paid and benefits received at different times and the credit against or reduction in impact fees that may be due therefrom.

(Ord. 1692 § 1, 1998; Ord. 1573 (part), 1993)