§ 74-308. Same—Correctional impact fee.

(a)

Short name. This section may be known as "Special Requirements for Correctional Impact Fee."

(b)

Purpose. The purpose of this section is to tailor the general common requirements of this chapter to the specific requirements of correctional impact fees.

(c)

Limitation on applicability. See section 74-103.

(d)

Payment. See section 74-202.

(e)

Use of funds. See section 74-203.

(f)

Impact fee rates. The correctional impact fee rate schedule incorporated in schedule 4 is hereby adopted and the correctional impact fees established in the correctional impact fee rate schedule are hereby imposed on all development as required in this chapter at a rate established under the applicable impact fee land use categories.

(g)

Annual mid-cycle correctional impact fee rate indexing. Beginning on November 1, 2005, the county shall commence a three-year Correctional Impact Fee update cycle pursuant to subsections 74-201(b) and 74-502(a) of the Code. In each of the two mid-cycle years (between the formal three-year updates) the county shall implement adjustments to the correctional impact fee rates based upon the building cost index percentage set forth in the adopted "Collier County Impact Fee Indexing Study" prepared by Tindale-Oliver and Associates, Inc., in association with Robert W. Burchell, Ph.D., as updated annually, and in accordance with the indexing methodology specified in the current and adopted correctional impact fee study.

(Ord. No. 01-13, § 1; Ord. No. 2005-47, § 4; Ord. No. 2006-15, § 1; Ord. No. 07-57, § 9)