§ 27-130. Capital recovery fees per service unit.

(a)

The maximum capital recovery fee per service unit for the service area shall be computed by taking the growth-related capital construction cost of service in the service area identified in the capital improvements plan, reducing it by any allowable credits and dividing that amount by the total number of projected service units anticipated within the service area which are necessitated by and attributable to new development based on the approved land use assumptions for the service area. Maximum capital recovery fees per service unit for each service area shall be set forth in Exhibit B to this article.

(b)

Exhibit B may be amended by the city council according to the procedure set forth in chapter 395 of the Texas Local Government Code, as amended, or any successor statute.

(Ord. No. 90-10, § 1(1.10), 8-28-1990; Ord. No. 2018-13, § 2(Exh. 3), 4-17-2018)

Editor's note

Exhibit B, referred to in § 27-130 above, has not been included herein, but can be found on file for inspection in the city secretary's office.