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proper dispursem~ent to the account which should receive <br /> <br />Il <br /> <br />it. <br /> <br />The ¢ollowing exception to the ¢ormula will apply; Any <br />building permit ?or an original building on a parcel <br />that was ;,tatted, and park dedication fee, or land <br />donation was previously made wilt be exempt for a period <br />of 5 gears from the enactment of this ordinance. A <br />prorated, formula of one-half tenth of one percent will <br />be applied in the sixth gear, and increased bg one-half <br />tenth of one percent in each gear thereafter until it is <br />equal to the fee of non-exempt property. <br /> <br /> For clarification the figure expessed as decimal number <br /> <br />would be .0025 or .25Z and .0005 or .05% , end t~' <br />the sample home dr business was valued at, $60000 the fee <br /> <br />would be $150. The except'ion to the <br />eliminate Orandfathering of Park Fee on <br />being speculated on. The only change <br />tncrre~se or decrease'the Park Fee is in <br />¢igure. Having the Finmnce dap% <br />putting the burden where il belongs. <br /> <br />foraula would <br />land that is <br />necessary to <br />the expressed <br />handle the fee is <br /> <br />This system will eli,inate the need to change the <br />formula again when high densit~ and multiples corse to <br />this city. It should eliminate the need to adjust for <br />inflation, as the formulas for determining building <br />value ~re handed down bg the state and adjusted <br />periodically for inflation. <br /> <br /> <br />