§ 27-132. Calculation of capital recovery fees.

(a)

Following the request for new development as provided in section 27-130 of this article, the city shall compute capital recovery fees due for new development in the following manner:

(1)

The number of LUEs shall be determined by the size of the water meter(s) or by evaluation of the engineer and determination of council upon review of reports provided by a professional engineer licensed in the State of Texas, as determined according to section 27-129 of this article;

(2)

LUEs shall be summed for all meters purchased for the development;

(3)

The total LUEs shall be multiplied by the appropriate per-unit fee value determined as set forth in section 27-130; and

(4)

Fee credits and offsets shall be subtracted as determined by the process proscribed in section 27-134 of this article.

(b)

The maximum capital recovery fee due for a new development shall not exceed the amount provided for in section 27-130.

(Ord. No. 90-10, § 1(1.12), 8-28-1990; Ord. No. 2018-13, § 2(Exh. 3), 4-17-2018)