§ 10.70.310. Application for potential credit.

An applicant may be eligible for a credit against TIF otherwise owed, in return for providing a traffic or transportation facility to the city, only if the applicant submits a written application to the Development Director which establishes compliance with all of the following requirements to the satisfaction of the Development Director:

A.

Describe the specified traffic or transportation facility (or portion thereof) proposed to be provided by the applicant, with a cross-reference to the description of the specified traffic or transportation facility in the relevant implementing resolution.

B.

Identify the estimated cost of providing the specified traffic or transportation facilities (including construction, design, and/or land acquisition, as set forth in the implementing resolution in effect at time application to the city) for which the applicant is requesting credit.

C.

Describe the development project or projects to which the fee credit is requested to apply. The description shall be limited to all or a portion of the development project for which specified public facilities are a condition of approval.

D.

Document that either: (1) the applicant is required, as a condition of approval for the development project, to construct the specified public facilities; or (2) the applicant requests to build one or more specified traffic or transportation facilities which benefit the development project, and the Development Director determines in writing prior to the commencement of construction that it is in the city's best interests for the specified public facilities to be built by the applicant.

E.

The applicant must enter into a subdivision improvement agreement or other written agreement with the city, in a form acceptable to the City Attorney, before beginning construction of the improvement.

(Ord. 12786 § 1 (part), 2007)