§ 3.40.020. Adoption of MSI study and establishment of development fees and providing for their adoption by resolution.

A.

The Management Services Institute Study dated January, 1992 ("MSI study") for the town as modified by the council is adopted.

B.

The following development impact fees are established and imposed on the issuance of all development permits for development within the town to finance the cost of the following categories of public facilities and improvements required by new development. The development impact fees consist of the following fees which are established:

1.

Streets and Thoroughfares. A development impact fee is established for streets and thoroughfares;

2.

Traffic Control Facilities. A development impact fee is established for traffic control facilities (signals);

3.

Law Enforcement Facilities, Equipment and Training. A development impact fee is established for law enforcement facilities, equipment and training;

4.

Fire Facilities, Equipment and Training. A development impact fee is established for fire facilities, equipment and training;

5.

Storm Drainage Facilities. A development impact fee is established for storm drainage facilities.

C.

The town council shall, by resolution, set forth the specific amount of the fees, describe the benefit and impact area on which the fees are imposed, list the specific public improvements to be financed and describe the estimated cost of these facilities based upon the MSI study as modified. (Ord. 300 §3, 1998; Ord. 240 §1 (part), 1994)