Ord 2002-067 - Laserfiche WebLink

Home Browse Search

A. The property owner for a new development may construct or finance a capital improvement or facility expmlsion designated in the capital improvements plan, if required or authorized by the city council, by entering into a facility agreement with the city prior to the issuance of any building permit for the development. The facility agreement shall be on a fonn approved by the city, and shall identify the estimated cost of the improvement or expansion, the schedule for initiation and completion of the improvement or expmlsion, a requirement tllat the improvement be designed and completed to city standards, and such other terms and conditions as deemed necessary by the city. The facility agreement shall provide for the method to be used to determine the amount of the offset or credit to be given against impact fees due for the development. B. The city and the propeliy owner may agree that the costs incurred or funds advanced will be 1) offset or credited against the impact fees otherwise due from the new development, or 2) reimbursed to the owner from impact fees paid from other new developments that will use the capital improvements or facility expansions, or from other funding sources. In the event the city elects to reimburse an owner for the dedication, construction or financing of a capital improvement or facility expansion designated in the capital improvements plan, the terms of reimbursement shall be incorporated in the agreement required by subsection A. Reimbursement agreements shall further be based on the availability of city funds from all sources including current and projected impact fee fund accounts. Section 19. Exceptions and Exemptions. A. To encourage affordable housing, the city shall refund a percentage of the impact fees paid for construction of a new single-fmnily dwelling that qualifies for the refund under affordable housing guidelines approved by the city council. B. Impact fees shall not be collected from any local taxing unit, as defined in the state Tax Code, that is authorized to impose and is imposing ad valorem taxes on property. C. No wastewater impact fee shall be charged for an irrigation meter. D. No impact fee shall be charged for a fire line meter that serves only a fire suppression system. E. To encourage water-efficient development, the city shall refund a percentage of the impact fees paid for construction of a new single-family dwelling that qualifies for the refund under water conservation guidelines approved by the city council. F. The city manager is authorized to adopt and administer guidelines for applying the provisions of this section. Section 20. Use of Other Financing Mechanisms. A. The city may finance capital improvements or facility expansions designated in the capital improvements plan through the issuance of bonds, through the formation of public utility 14