An underground utility fee shall be imposed on the developer of all new development in the Town to pay for the undergrounding of existing overhead utilities along primary streets. The Council shall establish such fee by resolution. The resolution shall set forth the specific amount of the fee, describe the estimated cost of these improvements, describe the reasonable relationship between the fee and the various types of new development, and set forth time for payment. On a biannual basis, the Council shall review this fee to determine whether the fee amounts are reasonably related to the impacts of development and whether such public improvements are still needed.
(Ord. 274-97; Ord. 318-01)