§ 44-5. Impact fee schedules.  


Latest version.
  • (a)

    Library, police facilities and fire protection facilities impact fees.

    (1)

    Residential development. The following fee schedule per residential unit shall apply:

    Library Facilities Police Facilities Fire Facilities
    1 Bedroom $699.00 $149.00 $146.00
    2 Bedroom $1,049.00 $223.00 $218.00
    3+ Bedroom and
    Single Family
    $1,398.00 $297.00 $291.00

     

    (2)

    Commercial, institutional and industrial development. The following fee per square foot of building area shall apply:

    Library Facilities Police Facilities Fire Facilities
    Industrial NA $0.06 $0.06
    Commercial/Institutional NA $0.11 $0.11

     

    (b)

    Water facilities impact fees. A fee of $2,373.00 per REC shall apply to all development.

    (c)

    Sewer facilities impact fees. A fee of $877.00 per REC shall apply to all development.

    (d)

    REC schedule. The village shall determine the applicable number of RECs for each property by using the number of RECs as determined for that property based on the schedules set forth below;

    (1)

    Residential Development.

    Residential RECs
    Single-family unit 1.00
    Duplex 2.00
    Multifamily (1 bedroom) 0.50
    Multifamily (2 bedroom) 0.75
    Multifamily (3 bedroom) 1.00

     

    (2)

    Nonresidential development. The number of RECs for each nonresidential property shall be determined as set forth in Resolution 2013-31, a resolution to determine water and waste water usage for the sewer and water impact fee or the most current version of the resolution. A minimum charge of 0.50 RECs shall be applied to each nonresidential property.

    (e)

    Annual adjustment of fees and periodic review. All impact fees shall automatically increase annually effective each January 1 by a percentage equal to the percentage increase in the 20-City Construction Cost Index published by the Engineering News Record over the most recent 12-month period, unless the village, by resolution, limits the fee increase to a lesser percentage rate. At least once every five years, the village shall cause an updated public facilities needs assessment to be prepared for all impact fees to ensure that the amount of the fees reflect actual costs for completed public facilities and current plans for future facilities needed to serve new development.

(Ord. No. 871, § II, 10-1-13; Ord. No. 944, § I, 1-16-18)