[Adopted 8-7-2006 by Ord. No. 296]
A water reservation allocation fee (WARF) is adopted as the following:
A. 
The fee will be $2.50 per gallon of water allocation reserved for three years, after which it can be renewed annually on the basis of $1 per gallon of water allocation as determined by the Town's Water Capacity Management Plan.
B. 
The fee is to be paid upon final approval of all minor and major subdivisions, and site plans.
C. 
Parcels presently within the Town that are included for water allocation per the Town's Water Capacity Management Plan are hereby grandfathered for the first three years. If no development plans have been approved for those existing parcels, then a water allocation reservation fee (WARF) of $1 per gallon will be required to hold the water allocation on an annual basis.