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Ordinance 1987-18 ORDINANCE NO. 87- j_j' AN ORDINANCE SETTING FORTH THE STANDARDS AND REGULATIONS FOR PAYMENT OF IMPACT FEES TO THE UNITED CITY OF THE VILLAGE OF YORKVILLE AND GOVERNMENTAL ENTITIES SERVING SAID CITY WHEREAS, THE UNITED CITY OF THE VILLAGE OF YORKVILLE is currently experiencing a substantial increase in population, together with the need to expand existing municipal services to provide for orderly growth and adequate municipal services; and WHEREAS, THE UNITED CITY OF THE VILLAGE OF YORKVILLE has thoroughly reviewed the need for expanded municipal services and the need fcr capital purchases; and WHEREAS, THE UNITED CITY OF THE VILLAGE OF YORKVILLE has thoroughly reviewed the costs to be incurred to provide for the expansion of said City services; and WHEREAS, the City has determined that the following fees bear a rational relationship to the costs anticipated to be incurred by the various governmental entities and departs of the City to be affected: NOW, THEREFORE, IT IS HEREBY ENACTED that the following impact fees shall be paid as follows by any builder, developer, or applicant for a building permit from the City: SECTION 1 : AMOUNTS (A) To THE UNITED CITY OF THE VILLAGE OF YORKVILLE for: Public Works Department $450.00 Police $150.00 Municipal Public Building $150.00 (B) To the ` #e I Fire Protection District - $250.00 S� (C) All impact fees shall be paid at the time a building permit is applied for with the City. SECTION 2: USE OF FUNDS (A) Each department of the City receiving funds hereunder shall be fully bound by all terms, conditions and covenants contained herein. (B) All funds paid hereunder shall be held in an encumbered account by the governmental entity receiving the same for the purpose of making only capital expenditures. (C) "Captial Expenditures" shall be defined as the purchase of equipment with an estimated useful life in excess of three (3) years, the purchase of land, the construction of permanent structures on said premises, the extension of water mains, sever lines, or other permanent improvements. (D) All of said funds shall be paid to the City Treasurer who shall transfer to the other governmental entities involved, their share of said funds within sixty (60) days of the receipt thereof. All funds to be received by City departments shall be placed in encumbered funds within sixty (60) days of receipt. (E) The payments received for any specific fund shall not be used for any other purposes except those specified herein for each specific payment. SECTION 3: REAL PROPERTY AFFECTED (A) Residential - Any single family or duplex residential lot platted after the effective date of this ordinance shall be required to -2- pay the impact fees imposed herein. (B) Business and Manufacturing Lots- Any lot zoned for business, office, or manufacturing platted after the effective date of this Ordinance shall be required to pay the impact fees imposed herein; however any business or manufacturer located on said lot shall be entitled to a credit of $250.00 off of said impact fees for each job estimated to be created by the establishment of a building on any such lot. The person or entity reqesting such credit shall certify under oath to the City the estimated number of jobs for employees working at least twenty (20) hours per week. If in the event the actual number of employees is not as great as the number estimated one year from the date of issuance of the building's occupancy permit, the City shall have a right to collect the balance of the impact fees. (C) No lot platted prior to the effective date of this ordinance shall be encumbered by the terms of this Agreement. PASSED this % day of ,� �f ,7A I�. APPROVED: BY: MAYOR C Cc -3-