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1908 <br />the current market value, whichever is <br />greater; <br />~c} <br />a private <br />contract <br />one of i s <br />~d~ <br />A public improvement to the site of <br />development as specified in the <br />between the developer and the city or <br />agencies; <br />Tax abatement. <br />Im envious surf ace. Earth surface made imper- <br />vious by development to vertical downward penetra- <br />tion by water. <br />owner, Beneficial owner. <br />7.277 Developmen Ch„arge~Rates. <br />.~.,,., <br />~l} Except as section 7.279 of this code provides <br />to,the contrary, the owner of land, upon issuance of a <br />building permit for the land shall pay to the city a develop- <br />ment charge for provision of additional capacity or improve- <br />ment that the development necessitates or is likely to <br />necesitate for public thoroughfares, sanitary sewage systems <br />and drainage systems. The development charge is an estimate <br />of the costs incurred and to be incurred by the city for the <br />provision of such services to the development and the expan- <br />sion of such services that the development necessitates or <br />is likely to necessitate. The charge is to be considered in <br />the nature of a charge for service rendered or a service <br />hookup charge. <br />~2~ The development charge for buildings shall <br />be the sum of the following• <br />day A charge computed by multiplying the <br />square footage of all floor .area of the building <br />development by the following rates: <br />Bu ld,i,n~~~~e <br />Rate Per Square Foot <br />Of Building Floor Area <br />A $ 0.04 <br />$ $ o.os <br />~ $ a,12 <br />~ $ 0.20 <br />E $ o.2s <br />F $ o.s6 <br />~b~ A charge of $ 0.06 per square foot of <br />a.mpervious surface area of the improvement. <br />~ 3 ~ The owner of land upon issuance of a <br />mobile home park building permit or sewer connection permit <br />for the land shall pay the city: <br />~a} A charge of $S5 for thoroughfares, $50 <br />for sanitary sewerage, and $100 for drainage for <br />each mobile home space in the park; and, <br />Ordinance -~ 2 <br />