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O f. Construction project means and includes any project undertaken for the purpose of development, including without limitation a project involving the issuance of a permit for construction, reconstruction, or change of use, and a project involving the issuance of a permit to remodel, rehabilitate, or improve an existing structure and/or the rebuilding of a structure destroyed or damaged by an act of God, or the replacement of one structure with another. g. Impact fee means any monetary exaction imposed by the Town as a condition of or in connection with approval of a project for the purpose of defraying all or some of the cost of or repayment of costs previously expended from other City funds for street maintenance and repair. h. Impose means to determine that a particular building permit or refuse collection company is subject to the collection of impact fees as a condition of approval. 3-3.507 Notice and Hearing Required for Establishing or Increasing an Impact Fee a. Prior to establishing or increasing any impact fee, the City Council shall hold a public hearing at which oral and written testimony may be given. b. Notice of the time and place of the public hearing, including a general explanation of the matter to be considered, shall be published for a minimum of ten days prior to the hearing, in a newspaper regularly published at least once a week and distributed within the town. The period of notice commences upon the first day of publication and terminates at the end of the tenth day. c. At least ten days prior to the public hearing, the Town shall make available to the public data showing the amount, or the estimated amount of the impact fee, and a summary of the basis for the calculation of the impact fee amount. d. Council action to establish or increase any impact fee shall be taken only by ordinance or resolution. e. Any costs incurred by the Town in preparing for and conducting the public hearing may be recovered as a part of the impact fees which are the subject of the hearing. 3-3.508 Imposition, Calculation and Collection of Impact Fees. a. Except as provided in this ordinance and any amendment to this ordinance, the Town shall impose impact fees as a condition of approval of all building permit valuations equal to or greater than $10,000. A refuse vehicle impact fee shall be imposed on all operators of refuse collection companies based on the portion of street maintenance and repair attributable to damage caused by the heavy vehicles. b. Impact fees shall be imposed by including the following language in any document of