Ordinance 2006-1506 - Laserfiche WebLink

Home Browse Search

6. Standards Assumptions and LOS Standards in Impact Fee Study adopted as City Standards. The City hereby establishes as City standards the assumptions and Level of Service (LOS) standards referenced in the Impact Fee Stucjy as part of its current plans for future expansions to the City's Municipal Capital Facilities, Library Capital Facilities, Transportation Capital Facilities, Parks and Trails Capital Facilities, and Recreation Capital Facilities, and the Impact Fee system adopted in this Ordinance. 7. Impact Fees based on Impact Fee Study. The Impact Fees imposed on new development in this Ordinance are based on the Impact Fee Stucjy and assumptions and LOS standards referenced in the Impact Fee Stucjy. The Impact Fees are no greater than necessary to defray the projected impacts directly related to proposed new development. 8. Impact Fees Not Remedy Existing Deficiency. This Ordinance creates a system under which Impact Fees shall not be used to remedy any existing deficiency in Municipal Capital Facilities, Library Capital Facilities, Transportation Capital Facilities, Parks and Trails Capital Facilities, or Recreation Capital Facilities. 9. Impact Fees Finance and Defray Costs for Capital Facilities that Benefit New Development. This Ordinance creates a system under which Impact Fees paid by new development will be used to finance or defray all or a portion of the costs incurred by the City to construct City Municipal Capital Facilities, Library Capital Facilities, Transportation Capital Facilities, Parks and Trails Capital Facilities, and Recreation Capital Facilities to serve new development in ways that benefit the development that paid each Fee within a reasonable period of time after the Fee is paid. Section 2. Chapter 3.18 of the Louisville Municipal Code, including Appendix A and Appendix B thereto, is hereby repealed and reenacted to read as follows: Chapter 3.18 DEVELOPMENT IMPACT FEES See. 3.18.010 Short title, authority and applicability. Sec. 3.18.020 Intent. Sec. 3.18.030 Definitions See. 3.18.040 Development impact fee to be imposed. Sec. 3.18.050 Credits. See. 3.18.060 Impact fee trust fund. Sec. 3.18.070 Expenditure of impact fees. Sec. 3.18.080 Benefit districts. See. 3.18.090 Refunds of impact fees not spent or encumbered in six (6) years. See. 3.18.100 Review every five (5) years. Sec. 3.18.110 .Miscellaneous provisions. 2