Imposition of impact fee

• (a) Any person who, after the effective date of the ordinance from which this article derives, seeks to develop land within the town by applying for a building permit for a residential building is required to pay impact fees in the manner and amount set forth in this article.

• (b) No certificate of occupancy shall be issued for any residential building which was constructed pursuant to any building permit issued after August 3, 1998, until all impact fees required by this article, calculated as of the date of the issuance of the building permit, have been paid in full.

(Ord. No. 97-13, § 1, 8-18-1997; Ord. No. 98-12, § 2, 8-3-1998; Ord. No. 00-14, § 1, 6-12-2000)