Laserfiche WebLink
(5) The solid waste impact fees shall be calculated according to the following <br />formula: <br />SOLI D WASTE IMPACT FEE = EDUs x NET COST'/F:DU <br />Where: <br />EDUs = UNITS XEDUs/UNIT <br />UNITS = Number of dwelling units of each housing type in the development <br />EDUs/UNIT = Number of Equivalent Dwelling Units represented by one <br /> dwelling unit of a given housing type <br />NET COST/EDU = COST/EDU -CREDIT/EDU <br />COST/EDU = Total replacement cost of existing solid waste facilities that serve <br /> residential development utilizing transfer stations divided by all <br /> existing single-family detached units <br />CREDIT/EDU = DEBT/EDU + PAST/EDU + GRANT/EDU <br />DEBT/EDU = Outstanding debt on existing solid waste facilities attributable to <br /> residential development utilizing transfer stations divided by all <br /> existing single-family detached units <br />PAST/EDU = The net present value of property taxes paid over the last five <br /> years by vacant land for solid waste capacity improvements <br /> attributable to residential development utilizing transfer stations, <br /> inchiding general fund expenditures as well as debt service <br /> payments, per EDU <br />GRANT/EDU = The net present value of future federal and State grant funding <br /> anticipated to be forthcoming for solid waste capital <br /> improvements attributable to residential development per EDU <br /> over the next 20 years ~ <br />Section 36-15. Reserved. <br />Division 3. Refunds, credits, otf-sets, and recalculations. <br />Section 36-1C. Refunds. <br />(a) If a building permit, for which an impact fee was paid as a condition for its issuance, <br />expires, is revoked, or is voluntarily surrendered, and no construction or improvement of <br />land has commenced, then the person or persons who paid the fee shall be entitled to a <br />refund of a portion of the impact fee paid. The refund amount shall consist of the amount <br />of impact fee paid minus up to three percent of the impact fee paid. The withheld amount <br />will be retained as an administrative fee to offset the cost of processing the refund. No <br />interest will be paid on refunds issued pursuant to this subsection. <br />(b) Any monies in the impact fee fund that have not been spent or encumbered within six <br />years after the date on which such fee was paid shall be returned to the current owners <br />with interest since the date of payment. <br />-15- <br />