§ 6.07.150. Credits.

(a)

Any applicant subject to an impact fee pursuant to this chapter who constructs, escrows money with the city for the construction of, agrees to participate in an assessment district for the construction of or who otherwise contributes funds for capital improvements, as defined in this chapter, may be eligible for a credit for such contribution against the impact fee otherwise due.

(b)

Eligibility for, and the amount of, the credit shall be determined by the city engineer based upon whether the contribution meets capital improvement needs for which the particular impact fee has been imposed, as expressed in this chapter and the capital improvement plan (CIP); whether the developer contribution will substitute for or otherwise reduce the need for capital improvements anticipated to be provided with impact fee funds; and the value of the developer contribution. In no event, however, shall the credit exceed the amount of the otherwise applicable impact fee.

(c)

Credit applications shall be made on forms provided by the city and shall be submitted at or before the time of impact fee collection. The application shall contain a declaration of those facts, under oath, along with the relevant documentary evidence which qualifies the applicant for the credit.

(Ord. 616 § 1, 1989)