§ 10.70.350. Allocation of reimbursements.

A.

In the event the Development Director determines that the applicant has properly submitted a request for reimbursement pursuant to Section 10.70.340, the Development Director shall prepare a written determination which will identify the dollar amount of the potential reimbursement. The dollar amount of the reimbursement shall equal the amount specified in the applicant's request (not to exceed the actual credit available to the applicant, less the total of all credit allocations to offset fees pursuant to Section 10.70.330, as determined by the Director).

B.

The city shall make reimbursement payments to the applicant. The right to receive reimbursement payments, if any, shall not run with the land.

C.

The city shall make reimbursement payments pursuant to a schedule to be established by the Director, and consistent with the approved capital improvement program. The city shall make no reimbursements to any applicant in excess of the amount of fees deposited in the relevant reimbursement account.

D.

No reimbursement payment shall be made to an applicant until after the completion of construction by the applicant, and acceptance of improvements by the city.

(Ord. 12786 § 1 (part), 2007)