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Prior to the adoption of this article, the Town Council undertook preparation and update of the asset plan, which asset plan is incorporated in and made a part of the zone improvement plan by reference therein as one (1) of the technical compendium documents. The Town Council now finds that the asset plan and zone improvement plan, together, provide sufficient information and data to satisfy all the elements required pursuant to IC 36-7-4-1318. Specifically, the Town Council finds that the zone improvement plan, as previously adopted by amendments to the Town comprehensive plan, contains the following information:

(1) A description of the nature and location of existing road and street infrastructure in the impact zone;

(2) A determination of the current level of service;

(3) Establishment of a community level of service;

(4) An estimate of the nature and location of development that is expected to occur in the impact zone during the following ten (10) year period;

(5) An estimate of nature, location, and cost of road and street infrastructure that is necessary to provide the community level of service for the development described in subsection (4) above, including the proposed timing and sequencing of such infrastructure installation;

(6) A general description of the sources and amounts of money used to pay for road and street infrastructure during the previous five (5) years;

(7) A schedule for completion of the road and street infrastructure that is necessary to raise the current level of service to the community level of service within the following ten (10) year period;

(8) The nature, location, and cost of road and street infrastructure that is necessary to raise the current level of service to the community level of service; and

(9) The revenue sources and estimates of the amount of the revenue sources that the Town intends to use to raise the current level of service to the community level of service for existing development.

(Ord. No. 1721, § 3, 1-13-21)