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HomeMy Public PortalAboutRES2018-02_Water Connection Fee Increase_101620182018-02 RESOLUTION NO. A Resolution Pertaining to Water Connection Fees WHEREAS, § 8-2-14 of the Iona City Code establishes a methodology by which water system connection fees may be calculated and collected with respect to new customers of the City water system who connect to the City water system; WHEREAS, pursuant to such methodology the City commissioned Schiess & Associates to establish a value of the City water system in order to provide a basis upon which calculation of the water connection fee could be made; WHEREAS, the City Council has reviewed the report prepared by Schiess & Associates dated July 30, 2018, which includes such valuation and calculation, and which recommends a water connection fee be established in the amount of $6,944 per Equivalent Domestic Unit ("EDU"), as defined by such City Code section; WHEREAS, the City Council has reviewed the Schiess report and hereby finds that the amount of the connection fee recommended by Schiess & Associates is fair and reasonable and if imposed, would reasonably approximate the value of water system equity received by a new or existing customer connecting to the City water system; NOW THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF IONA, IDAHO: 1. Pursuant to § 8-2-14, Iona City Code, a water system connection fee is hereby established in the amount of $6,944 per EDU, which fee shall be collected by the City Clerk at the time a building permit is issued for any structure utilizing the City water system, subject to the conditions and limitations set forth in Chapter Two, Title Eight of the City Code. 2. Such connection fee shall become effective with respect to any connection made or requested after the date this Resolution becomes effective. Provided, however, that any connection made or requested prior to November 1, 2022, for any lot located within any subdivision for which a plat (either preliminary or final) has been approved by the City Council as of the effective date of this Resolution shall pay the prior water system connection fee of $4,859 per EDU. 3. The amount of such fee shall remain in full force and effect until otherwise changed in accordance with such section of the City Code, provided the City Council shall review and adjust the amount of such fee of the fifth anniversary of the date of the adoption of this Resolution and the amount of such fees shall remain in full force and effect until such a revision is made. Page 1 of 2 4. All revenues derived from the collection of such water connection fee shall be deposited into the Water System Capital Improvement Fund as established by § 8-2-15 of the Iona City Code and shall be administered and expended only for the purposes authorized by such code section. 5. All terms used in this Resolution shall have the same meanings ascribe to such term in § 8-2-14 of the Iona City Code. DATED this ATTEST: Keri West City Clerk Page 2 of 2 ay of October, 2018. n Gubler Mayor