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Based upon the findings and analysis contained in the zone improvement plan and the asset plan incorporated therein, and based on the recommendations of the committee, the Town Council finds, determines, and establishes that the twenty-four (24) hour net cost per trip within the impact zone is three hundred thirty-eight dollars and nine cents ($338.09), and that the equivalent single-family residential impact fee during the statutory five (5) year period after the effective date of this article shall be as follows:

Period

Net Fee

Trip Rate

Single-Family

Effective Date to December 31, 2021

70%

$236.67

$2,463.68

January 1, 2022 to December 31, 2022

80%

$270.47

$2,815.64

January 1, 2023 to December 31, 2023

90%

$304.28

$3,167.59

January 1, 2024 to December 31, 2024

100%

$338.09

$3,519.55

January 1, 2025 to December 31, 2025

100%

$338.09

$3,519.55

January 1, 2026 to Statutory End Date

100%

$338.09

$3,519.55

For all land use development other than single-family residential, the determination of impact fee shall be made in accordance with the zone improvement plan and the equivalent service unit for road and street impact fees, also known as the equivalent dwelling unit (EDU), for type of land use development based upon the latest version of the Institute of Transportation Engineers (ITE) Trip Generation Manual, as published by the ITE. The Town Council hereby makes as part of the record of these proceedings all the data collected, calculations made, and conclusions reached by First Group Engineering, Inc., and The Arsh Group, Inc., in the process of developing the zone improvement plan and asset plan, and specifically directs the responsible employees and officials of the Town to make such data available to the public for review during regular business hours, together with any other information that is part of the public record created as a result of the process involved in enacting this article.

In the event that any parcel of real property considered in the creation of the zone improvement plan undergoes a change in use, redevelopment, or modification that requires an improvement location permit, and creates a need for new road and street infrastructure, an impact fee shall only be assessed for the increase in the burden on such infrastructure.

(Ord. No. 1721, § 4, 1-13-21)