There shall be two classes of Manufacturing Districts, M-1 Light Manufacturing and M-2 Heavy Manufacturing, in which the following regulations shall apply.
A.
Overlay Zone. There shall be established a special overlay provision in the M-2 Zone limited to Block 344.01, Lot 1.01 and Block 344, Lot 1, which shall include R-4 Multiple-Family Residence District regulations as delineated in § 166-15 of this chapter.
[Added 6-3-2004 by Ord. No. 2004-15]
(1)
A housing impact fee of 1% of equalized assessed value of any development shall be paid when the underlying zoning of M-2 Industrial shall be utilized.
(a)
Developers that have received preliminary or final approval prior to the effective date of this subsection shall be exempt from paying a development fee unless the developer seeks a substantial change in the approval.
(b)
Developers shall pay 50% of the calculated development fee to West Deptford Township at the issuance of building permits. The development fee shall be estimated by the Tax Assessor prior to the issuance of building permits.
(c)
Developers shall pay the remaining fee to West Deptford Township at the issuance of certificates of occupancy. At the issuance of certificates of occupancy, the Tax Assessor shall calculate the equalized assessed value and the appropriate development fee. The developer shall be responsible for paying the difference between the fee calculated at the issuance of the certificate of occupancy and the amount paid at issuance of the building permit.