A RESOLUTION AUTHORIZING THE MANAGER TO RESEARCH THE STEPS THAT WOULD BE NECESSARY TO IMPLEMENT AN IMPACT FEE PROGRAM INCLUDING SCHEDULE AND COSTS AND TO REPORT BACK TO THE COUNCIL IN FEBRUARY 2008 (2007-11-19/R-14b)

RESOLUTION B

A RESOLUTION AUTHORIZING THE MANAGER TO RESEARCH THE STEPS THAT WOULD BE NECESSARY TO IMPLEMENT AN IMPACT FEE PROGRAM INCLUDING SCHEDULE AND COSTS AND TO REPORT BACK TO THE COUNCIL IN FEBRUARY 2008 (2007-11-19/R-14b)

WHEREAS, in 1986, the Council received special authorization from the North Carolina General Assembly to pursue an impact fee program; and

WHEREAS, the legislature granted the Town the authority to collect impact fees for streets, bridges, sidewalks, bikeways, drainage improvements, and public recreation; and

WHEREAS, the Town requires additional revenues to meet the needs created by increased development;

NOW, THEREFORE, BE IT RESOLVED by the Council of the Town of Chapel Hill that the Council authorizes the Manager to research the steps that would be necessary to implement an impact fee program and to report back to the Council in February 2008.

This the 19^th day of November, 2007.