Section 25-47.01 Reserved.
Prior to the adoption of Ord. 21093 on 09/19/2011, Section 25-47.01 read as follows.
As used in this article, the following words and terms shall have the
unless another meaning is plainly intended:
(1) Final plat approval --Approval
of a final plat for a major or minor subdivision, or
resubdivision, or of an administrative plat, but not a tract split.
(2) Impact fee --A
regulatory fee required by the city to be paid as a condition of final plat
approval in an amount not to exceed the local street portion of costs, as defined below, or the
city's actual costs of constructing the local portion of collector and arterial streets abutting the
subdivision, whichever is less.
(3) Local street portion
of costs --An amount not to exceed ninety (90) percent of the city's
average cost of constructing the pavement portion of local streets and the local pavement portion
of collector and arterial streets during the two (2) calendar years prior to the year in which the
amount of the impact fee is determined.
(4) Revolving fund --The
street improvement revolving fund.
(Ord. No. 10833, § 5, 12-16-85)