A. In addition to other fees required by this UDO, applicants for development and redevelopment containing residential land uses are required to pay a capital impact fee in an amount established by the City Council.

B. The City Council action establishing the residential capital impact fee may include provision for the periodic adjustments of those fees based on specified inflation adjustment factors without further action of City Council.

C. The City finance director is authorized to establish the amount of the residential capital impact fee annually, based on the base fee amounts and inflation factors most recently approved by City Council.

D. The amount of the residential capital impact fee and any period adjustments for inflation are available in the Planning Department or on the City’s website.

E. The City Manager is authorized to adopt rules and regulations regarding the administration and application of the fees established by this Section 146-5.3.17. (Ord. No. 2019-49 § 1, 08-19-2019)