75A - PH DEVELOPMENT IMPACT FEES

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· Parks Acquisition and Development Fee · Drainage Area Master Plan Fee · Transportation System Improvement Fee (TSIP) · Major Thoroughfare and Bridge Fee (to the extent, if any, it is both collected and retained by the City) . Fire Facilities Fee · Sewer Connection Fee B. Prior to the City's consideration of an application for deferral of impact fees, the Applicant shall provide to the Executive Director, at the Applicant's sole cost and expense, a current preliminary title report on the Subject Property. C. No deferral shall be effective until the Applicant provides security to the City in the form of a Fee Deferral Agreement as set forth in section 4 of this ordinance, approved by the Executive Director and in a form acceptable to the City Attorney. D. The maximum deferral period shall be the earlier of: 1. The final inspection or issuance of a temporary certificate of occupancy or final certificate of occupancy for the new building or structure on the Subject Property, whichever comes first, or 2. One (1) year from the date of issuance of the building permit for the Subject Property. E. Notwithstanding any provision to the contrary, the deferred impact fees not paid at the time of building permit shall be subject to: 1. Interest on unpaid fees at the annual rate of interest which the City earns on its investment of pooled funds which shall accrue from the date of issuance of the initial building permit until the deferred impact fees and all accrued interest is paid, and 2. A charge, due and payable upon execution of the Fee Deferral Agreement, to cover the City's reasonable administrative costs incurred in processing the fee deferral application and administering the fee deferral program. 75A-5 Ordinance No. NS-XXX Page 3 of _