§ 74-502. Update requirement.

(a)

This chapter and the impact fee studies shall be reviewed by the board initially in connection with its approval of the capital improvements element of its comprehensive plan as then, and to the extent, required by F.S. § 163.3177. This chapter and the impact fee studies should be reviewed at least every three years. All reviews shall consider new estimates of population and other socioeconomic data; changes in construction, land acquisition and related costs and adjustments to the assumptions, conclusions or findings set forth in the studies adopted by section 74-106. The purpose of this review is to evaluate and revise, if assure that they do not exceed the reasonably anticipated costs associated with the improvements and additions necessary to offset the demand on the public facilities generated by development. In the event the review of this chapter alters or changes the assumptions, conclusions and findings of the studies adopted by reference in section 74-106, revises or changes the public facilities, or alters or changes the amount of impact fees, the studies adopted by reference in section 74-106 shall be amended and updated to reflect the assumptions, conclusions and findings of such reviews; also section 74-106 shall be amended to adopt by reference such updated studies.

(b)

Simultaneous with the review of the impact fee studies required in subsection (a) of this section, the board shall review the capital improvements element to determine the availability and adequacy of revenue sources to construct improvements and additions to the public facilities determined in the impact fee study to be required to accommodate existing development.

(Ord. No. 01-13, § 1, 3-13-01)