§ 42-224. Extension of exemptions.

The period for which no road, police or fire impact fees are due or payable under this division may be extended for periods up to one year at the expiration of the exemption and any extension thereto by ordinance or resolution approved by the city commission pursuant to a hearing at which the city commission finds that the revitalization and redevelopment of the commercial redevelopment corridor and the rest of the city and enhancement of the social, civic and economic conditions of the citizens of the city will likely occur by extending the exemption. The city manager shall prepare and submit to the city commission, at any hearing at which consideration of the extension of exemptions occurs, a report and justification supporting the need for any extension.

(Code 1988, § 11.5-133)