Ord 2018-010/amending Chapter 86, Article 5, Division 4 to change the methodology by which Water and Wastewater impact fees are calculated based upon peak flow

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which has been dedicated or contributed to by a property owner and accepted by he city, including the value of off-site rights-of-way or system capital improvements constructed under an agreement with the city, against the amount of the impact fee due for that category of capital improvement.The offset or credit shall be associated with the plat of the property that is to be served by the system facility. (b) Calculation of offset or credit. All offsets or credits against impact fees shall be subject to the following limitations and shall be granted based on this article and additional standards promulgated by the city, which may be adopted as administrative guidelines: (1) An offset or credit shall not be given for the dedication or construction of site-related facilities. (2) An offset shall not exceed an amount equal to the eligible costs of the improvement multiplied by a fraction,the numerator of which is the impact fee per service unit due for the new development computed using the-applicable Schedule 1S-hodu.o^ '_, and the denominator of which is the maximum impact fee per service unit for the new development. (3) The unit costs used to calculate offsets and credits shall not exceed those assumed for the capital improvements included in the impact fees capital improvements plan for the category of facility for which the impact fee is imposed. (4) An offset or credit for an oversized improvement or facility shall not exceed the incremental increase in the cost of the improvement or facility over the cost of an improvement or facility needed to meet the greater of: (a) the city's minimum standards for water or wastewater facilities or, (b) the needs of the property being developed including. where development is being phased, all property and uses described in the subdivision concept plan for the area being developed. (5) An offset or credit shall not be given for an oversized facility which is not identified within the capital improvements plan, unless the Director determines that the facility supplies capacity to other new developments, and provisions for offsets or credits are incorporated in an agreement for capital improvements under section 86,308. (6) An offset or credit shall not be given a) when no impact fees for a new development can be collected under this division, b) for any amount exceeding the total impact fees due for a new development for that category of capital improvements, unless expressly agreed to by the city in writing,or c) for any oversized facility where the