(A) A property owner who dedicates land or agrees to participate in an assessment district or 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) The city engineer shall determine: (1) the value of the developer contribution; (2) whether the contribution meets capital improvement needs for which the particular impact fee has been imposed; and (3) whether the contribution will substitute or otherwise reduce the need for capital improvements anticipated to be provided with impact fee finds. In no event, however, shall the credit exceed the amount of the otherwise applicable impact fee.
(C) Any application for credit must be submitted on forms provided by the city before development project approval. The application shall contain a declaration under oath of those facts which qualify the property owner for the credit, accompanied by the relevant documentary evidence.
(Ord. No. 14-2001, 8-15-01)