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It is the policy of the City that new residential buildings and non-residential <br />buildings shall pay an impact fee for the purpose of creating revenue for <br />construction of new collector/arterial streets and the improvement of the City's <br />existing collector/arterial system. <br /> <br />Subd. 2. Residential Developmental Assessment. Subdividers of residential <br />developments shall be required at the time of Final Plat approval to pay to the City <br />an amount to be periodically determined for each newly created lot in the Plat. <br /> <br />SECTION 4. <br /> <br />EFFECTIVE DATE <br /> <br />This Ordinance becomes effective thirty (30) days after its publication subject to City Charter <br />Section 5.07. <br /> <br />PASSED by the City Council of the City of R~nsgy thisA'gth day of March, 1996. <br /> Mayor <br /> <br />~i~)~drmnistrator x <br /> <br />Introduction Date: <br />Posting Date: <br />Adoption Date: <br />Publication Date: <br />Effective Date: <br /> <br />November 14, 1995 <br />November 14, 1995 - March 12, 1996 <br />March 12, 1996 <br />March 15, 1996 <br />April 15, 1996 <br /> <br /> <br />