§ 26-98-510. Method of computation and amount of fee.

Latest version.

(a)

The impact fee per residential unit will be based on the total cost of the improvements (one hundred ninety-two thousand dollars ($192,000.00); see Section 26-98-550(b)) times the developers share of said improvements (sixty (60); see Section 26-98-550(c)) divided by the residential development potential for all parcels within the district (162; see Section 26-98-550(d)). The impact fee resulting from this computation is seven hundred eleven dollars ($711.00) per unit. This amount is subject to modification pursuant to the provisions of Section 26-98-540.

(Ord. No. 4643, 1993.)

                    
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