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(6) The wastewater impact fees shall be calculated according to the following formula: <br />WASTEWATER IMPACT FEE = SFEs x NET COST/SFE <br />Where: <br />SFEs = UNITS x SFEs/iJNIT <br />UNITS = Number of dwelling units of each housing type in a <br /> residential development or the number of water meters of <br /> various sizes in anon-residential develo ment <br /> Number of Single-Family Equivalents represented by one <br /> dwelling unit of a given housing type or by a water meter of <br />SFEs/LTNIT = a articular size <br />NET = COST _ CAPACITY x GPD/SFE -CREDIT/SFE <br />COST/SFE <br />COST = Total replacement cost of existing major wastewater <br /> facilities, excluding lines less than 12" in diameter typically <br /> installed by develo ers <br />CAPACITY = Ca acit of existin treatment lants in allons er da <br />GPD/SFE = 230 allons er da er SFE <br />CREDIT/SFE = DEBT/SFE + PAST/SFE <br />DEBT/SFE = DEBT _ CAPACITY x GPD/SFE <br />DEBT = Outstanding debt on existing major wastewater facilities <br /> and a ui ment <br />PAST/SFE = PAST _ CAPACITY x GPD/SFE <br />PAST = The net present value of property taxes paid over the last <br /> five years by vacant land for wastewater capacity <br /> improvements, including general fund expenditures as well <br /> as debt service a ments <br />Section 36-15. Reserved. <br />Division 3. Refunds, credits, off-sets, and recalculations. <br />Section 36-16. 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 three percent of the impact fee paid. The withheld amount will <br />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 />-16- <br />