The City shall maintain a standing Impact Fee Advisory Committee. This Impact Fee Advisory Committee shall include at least one representative of the development community and one certified public accountant. The Committee shall review and monitor the process of calculating, assessing, and spending impact fees. The Committee shall be provided with adequate financial reports on a semiannual basis, shall meet at least annually, and shall provide the City Council with a report of their findings and recommendations. The City shall provide the Committee with the appropriate advice and counsel of professional City staff and/or an appropriate professional consultant selected by the City. The City Council shall not consider or adopt any impact fees that have not been first considered by the Committee. The Impact Fee Committee shall serve in an advisory capacity to the City Council.
(Ord. 1587, 10-16-2006)