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o • roadways, increases costs and decreases the safety of the roads. c. To the extent that increased traffic of construction and / or refuse vehicles places greater demands on the road network, those demands should be satisfied by shifting the responsibility for financing the increased maintenance, repair and construction costs of such roadways from the public to the entity creating the demands. d. The City Council, after careful consideration of the experience of other similarly situated cities and review of an independent third-part analysis, finds that the imposition of roadway and refuse impact fees to finance their portion of the streets maintenance, repair and construction costs is in the best interests of the general welfare of the Town and its residents, is equitable, and does not impose an unfair burden on construction activities or refuse collection. 3-3.504 Applicability Unless expressly exempted, this ordinance applies to all fees imposed by the Town to finance street maintenance, repairs and construction attributable to construction and refuse vehicles on residential roadways. 3-3.505 Exemptions The provisions of this ordinance do not apply to building permits whose permit valuation is less than $10,000. 3-3.506 Definitions As used in this ordinance: a. Benefit area means the geographic area within,which impact fees are collected and expended for a particular type of capital improvement serving development projects within such area. b. Street Maintenance and Repair means the maintenance, repair and construction of residential roadways in the Town. c. Capital Improvements Plan means the five-year plan for capital improvements, adopted annually by the Council, describing the approximate location, size, time of availability and estimated cost of capital improvement projects and identifies sources of funding for capital improvement projects. d. Collection means the point at which the impact fee is actually paid over to the City. e. Commitment means earmarking impact fees to fund or partially fund street maintenance and repair projects.