The provisions of this chapter provide for the assessment and collection of development impact fees on development activity within the city development impact fees:
(1) 
Shall only be imposed for public water system improvements that are reasonably related to new development;
(2) 
Shall not exceed a proportionate share of the cost of the public water system improvements (including the costs of previously constructed public water system improvements) reasonably related to new development; and
(3) 
Shall not be imposed to make up for deficiencies in any previously constructed public water system improvements.
(Ord. 2247 § 1 (part), 3-25-2008)
(1) 
The development impact fees imposed by this chapter shall be assessed by the department of community development, on behalf of the city, at the time of application for the building permit, and shall be due and payable, in whole, at the time of issuance without interest.
(2) 
Failure to pay the development impact fee for a given development activity at the time of assessment shall result in the denial of the building permit for which the owner has applied.
(Ord. 2247 § 1 (part), 3-25-2008)
(1) 
There is hereby created in the city treasury a special fund designated the Service Area No. 1 development impact fee fund (the "impact fee fund"). The finance director is hereby directed to establish a separate account within the impact fee fund for each type of public facility for which development impact fees are imposed, and to deposit all development impact fees into the appropriate account in the impact fee fund upon receipt. The money in the accounts of the impact fee fund shall be invested in any investment authorized for the investment of city funds. All interest and profits derived from the investment of money in each account in the impact fee fund shall be retained in such account.
(2) 
The development impact fees deposited in each account in the impact fee fund, and the interest and profit received from the investment thereof, shall be expended only for public water facilities of the type for which such development impact fees were collected.
(3) 
The city shall prepare an annual report on the impact fee fund, which shows the source and amount of all moneys collected, earned or received, and the public facilities that were financed in whole or in part by development impact fees.
(4) 
The development impact fees shall be established by resolution of the city council.
(Ord. 2247 § 1 (part), 3-25-2008)