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<br />If a "Water Impact Fee" were added to each development at the time of platting, it is <br />estimated that this charge would be in the area of $500 per residential lot and $625 for <br />Commercial Development for each Residential Equivalent. This fee would be have to be refined <br />with further calculations if it were approved. <br />Another consideration that we have considered in the calculation of "Water Impact Fees" was <br />the amount the Utilities contributed to the payment of the existing water tower built at the time <br />of the Mall development. The TIP district will have collected in excess of $350,000 over the <br />payments required. The .Utilities would request that the amount of their payment ($120,000) <br />would be applied toward the construction of the next water tower. <br /> <br />. <br /> <br />. <br /> <br />. <br />