§ 8-1.903. Definition of "Capital Facilities Fee."

Latest version.

For the purposes of this chapter and for the purposes of all resolutions adopted pursuant to Section 8-1.904, the term "capital facilities fee" shall mean the fee charged new construction, including, in some cases, the expansion of and/or the addition to an existing structure, to mitigate an unfunded portion of the determined impact of the development.

(Added by Urgency Ord. 2520-C.S., § 1; extended by Urgency Ords. 2531-C.S., § 1, and 2537-C.S., § 1; made permanent by Ord. 2521-C.S., § 1, effective 8-6-87; amended by Ord. 2541-C.S., § 1, and Ord. 2695-C.S., § 1, effective 1-20-90)

                    
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