(1) The city council hereby finds and determines that the capital cost of the city’s current and future sewer system, including pumps, collection pipelines, sewer treatment plant, and rights-of-way, is $27,733,694. The capital cost of such system has been borne by the city and its sewer system users. Such sewer system will be utilized by newly connecting properties and the capital cost, as applied to buildings presently served, is $7,719 per each three-quarter-inch water meter.

(2) Prior to January 1, 2019, and for all projects for which a complete application has been submitted or a letter of completeness has been issued for any development permit prior to January 1, 2019, the plant investment charge shall be $6,476 for each equivalent connection.

(3) Beginning January 1, 2019, and thereafter, in addition to other fees imposed by ordinance or pursuant to agreements, there is hereby imposed upon the owners of property seeking to provide sewer service to their property by connecting to the city’s sewer system a plant investment charge, determined by multiplying the total number of equivalent connections by $7,719. Equivalent connections and plant investment charges for all buildings shall be as follows:

(4) The plant investment charges are immediately due and payable upon, and concurrently with, the issuance of a valid building permit or a valid permit for connection to the sewer, water or drainage system of the city, whichever occurs first. (Ord. 1461 § 1 (Exh. 1), 2018; Ord. 1405 § 1 (Exh. 1), 2015).