Ord 2002-067 - Laserfiche WebLink

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G. CALCULA TION OF MAXIMUM IMPACT FEES FOR WATER AND W ASTEW A TER SYSTEMS The maximumimpa~t fees forthe water system and the wastewater system are calculated separately by fITst computing the ,total eligible co~ts.of capital improvements and facility expansions for each system. The resulting cost must then be credited with the portion of utility system revenues anticipated ~o be generated by new service units and that will be used to' pay for capital improvements, including debt service, identifie'd in the capital improvements plans during the I 0- year period of the capital improvements program. In this update, the amount of credit is assumed to be 50% of the total eligible proposed fa_cility ,costs. Finally, the net cost of the improvements after the 50% credit is applied is divided by the total increase in the number of service units expected for each facility over the lO-year life of the program. These calculations' are presented below. The ~ater system impact fee is calculated as follows: Maximum Impact Fee = Eligible Proposed Facility Costs Less 50% Credit No. of New Service Units added to Water Service Area = $18~469~040 x 50% 3744 Maximum Water Impact Fee = $2,466 The wastewater system impact fee is calculated as follows: Maximum Impact Fee = Eligible Proposed Facility Costs Less 50% Credit No. of New Service Units added to WW Service Area = $19~926~600 x 50% 4559 Maximum Wastewater Impact Fee = $2,185 Table 8 is a suggested industry standard list of the various types of use for each meter classification. The size of meter within these classifications is dependent on the number and type of plumbing facilities in each. individual development.