§ 46-154. Calculation of capital recovery fees.

(a)

Following the request for new development as provided in section 46-153, the city shall compute capital recovery fees due for the new development in the following manner:

(1)

The amount of acreage of each land use type shall be determined from the subdivision plat or other appropriate document;

(2)

The applicable service units per acre shall be determined according to section 46-151;

(3)

The acreage of each land use type shall be multiplied by the applicable service units per acre, respectively, and service units for all land uses for the development shall be summed;

(4)

The total service units shall be multiplied by the appropriate per-unit fee amount determined as set forth in section 46-152; and

(5)

Fee credits and offsets shall be subtracted as determined by the process prescribed in section 46-156.

(b)

Upon application for a building permit, the city shall compute the capital recovery fees due in the following manner:

(1)

The number of LUEs shall be determined by the size of the water meter purchased or by evaluation of the director of public works at the time of tap purchase, as determined according to section 46-151;

(2)

LUEs shall be summed for all meters purchased for the development;

(3)

The total service units shall be multiplied by the appropriate per-unit fee value determined as set forth in section 46-152; and

(4)

Fee credits and offsets shall be subtracted.

(c)

The amount of each capital recovery fee due for a new development, whether calculated at time of final plat approval or at time of building permit issuance, shall not exceed an amount computed by multiplying the fee value assessed per service unit pursuant to section 46-152 by the number of service units generated by the development.

(Code 1993, § 82-142; Ord. No. 2003-02, § 2(82-142), 3-17-2003)