Can the impact fee amounts be changed in the future?

The basis for the impact fees (cost per capita, cost per employee and cost per trip) may only be changed upon an update of the Development Impact Fee Study Report. The report and capital improvements plan will be updated by the town no less than every five years.
The discount rates are established by town council and may be changed by council at any time in the future. Any change to the existing discount rates must be done by ordinance, and will require two readings and a public hearing.

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1. What are impact fees?
2. Why did Town Council adopt an impact fee ordinance?
3. When will the town start collecting impact fees?
4. How are impact fees calculated?
5. What is a discount rate?
6. How and when are impact fees paid?
7. Do impact fees apply to all types of construction?
8. How will the fee be calculated if my intended use is not on the impact fee schedule?
9. Can an impact fee assessment be appealed?
10. Do I need to pay an impact fee if I am opening a business in an existing structure?
11. How can I receive an impact fee credit?
12. Are impact fees refundable?
13. Can the impact fee amounts be changed in the future?
14. How will the town spend revenues collected from impact fees?