Effective January 1, 2018, an impact fee will be assessed upon approval and before the issuance of a building or demolition permit. The fee will be based upon 2% of the expected construction or demolition cost of the project as disclosed on the permit application. Shortfalls of the fee, based upon the final cost of the project, will be collected upon completion. A refund may be issued in the case of project cancellation. Fees will be collected for the sole purpose of road/drainage improvements.