(A) A SDC shall be imposed when a change of use of a parcel or structure occurs, but credit shall be given in an amount equal to the existing SDC as applied to the preexisting type and level use. The credit so computed shall not exceed the calculated SDC. No refund shall be made on account of such credit.
(B) An improvement fee credit shall be given for the cost of a qualified public improvement associated with a development, subject to the following:
(1) Such credit shall be only for the improvement fee charged for the type of improvement being constructed, and credit for qualified public improvements under § 33.03 may be granted only for the cost of that portion of such improvement that exceeds the city's minimum standard facility size or capacity needed to serve the particular development property or project. The applicant shall have the burden of demonstrating that a particular improvement qualifies as a § 33.03 qualified public improvement.
(2) When the construction of a qualified public improvement gives rise to a credit amount greater than the improvement fee that would otherwise be levied against the project receiving development approval, the excess credit may be applied against improvement fees that accrue in subsequent phases of the original development project, if any.
(3) Credits shall be used within 10 years from the date the credit is given, after which the credit shall expire, and be null and void, without the need for the city to take any further action.
(4) Credit shall not be transferable from one development to another nor from one type of capital improvement to another.
(Ord. 2019-12-01, passed 1-14-2020)