Notwithstanding any provision of this subchapter, any person may, at any time, enter into a recapture or other financing agreement with the village providing for financing and construction of road or water improvements, the repayment of monies expended by the person to construct the improvements in excess of the impact fee due and owing for development proposed by that person out of impact fees collected. As a part of this agreement, the village may agree to any approach to payment of impact fees provided that the individual amounts of road and water improvements is not less than each amount that could be constructed with the impact fees calculated according to the fee schedule in §§ 35.088 and 35.089.
(Ord. 5-97, passed 1-7-1997; Ord. 17-2017, passed 2-21-2017; 32-2017, passed 6-20-2017)