§ 98-512. Collection of impact fees.

(a)

No building permit shall be issued or water or sanitary sewer tap allowed until all impact fees have been paid to the city except as provided otherwise by contract.

(b)

Impact fees shall be collected at the time of issuance of the building permit.

(c)

On property that was platted after the effective date of this article, impact fees shall be collected as follows:

(1)

On any service unit for which a valid building permit is issued within one year of the adoption of this article, the collection rate shall be 70 percent of the assessed impact fee;

(2)

On any service unit for which a valid building permit is issued between one and two years of the adoption of this article, the collection rate shall be 80 percent of the assessed impact fee;

(3)

On any service unit for which a valid building permit is issued after two years from the adoption of this article, the collection rate shall be 100 percent of the assessed impact fee.

(d)

The amounts to be collected under the above collection rates are set forth in exhibit "E" attached hereto. The amount of impact fees collected on any service unit shall not exceed the maximum impact fee assessed on that service unit.

(e)

Notwithstanding anything in this article to the contrary, the city may enter into an contract with the owner of a tract of land for which a plat has been recorded providing for a different time and method of payment of the impact fees.

(Ord. No. O-2002-011-16, § 1, 3-26-02)