(A) Any owner or developer who is required to dedicate or install improvements pursuant to Section 8.1.4 above may make a payment of fees in lieu of such improvements, or part thereof, in accordance with the following:
(1) Approval by Transportation and Facilities Director
The Transportation and Facilities Director may approve payment in lieu of required transportation improvements provided that:
(a) If constructed, the transportation improvement would not connect with a similar existing or proposed improvement and would not provide any immediate traffic or public safety benefit to motorists, pedestrians, or bicyclists, but will be necessary or desirable to motorists, pedestrians, or bicyclists in the future; and
(b) The amount of the payment shall be one hundred (100) percent of the actual installation and construction cost of such improvements (except as provided below), as estimated by a registered professional engineer selected by the applicant and approved by the Transportation and Facilities Director. The amount paid for a given street frontage shall be considered total and complete payment for the improvements considered, and shall preclude the Town from assessing that frontage for additional fees in the event that the Town elects to install such improvements along that frontage at a later date. The Transportation and Facilities Director may approve a payment in lieu of less than one hundred (100) percent of the actual installation and construction costs of such improvements if the required transportation improvements are located on or adjacent to Town-owned property, upon determining that such improvements are not necessary or desirable at the present time.
(2) Approval by Director of Utilities
The Director of Utilities may approve payment in lieu of required utility improvements, including reclaimed water lines, provided that:
(a) If constructed, the utility improvement would not provide immediate benefit to utility customers, but will be necessary or desirable in the future; and
(b) The amount of the payment shall be one hundred (100) percent of the actual installation and construction cost of such improvements (except as provided below), as estimated by a registered professional engineer selected by the applicant and approved by the Director of Utilities. The Director of Utilities may approve a payment in lieu of less than one hundred (100) percent of the actual installation and construction costs of such improvements if the required utility improvements are located on or adjacent to Town- owned property, upon determining that such improvements are not necessary or desirable at the present time.
(3) Approval By Zoning Board of Adjustment
Except where the required improvements are located on or adjacent to Town-owned property, the Zoning Board of Adjustment may approve a payment in lieu of less than one hundred (100) percent of the actual installation and construction costs of such improvements in a quasi-judicial evidentiary hearing, upon determining that such improvements are not necessary or desirable at the present time but will be needed in the future and upon determining that the amount of the payment advances the goals and purposes of the Ordinance. The applicant shall provide an estimate of the actual installation and construction cost of the improvements as estimated by a registered professional engineer selected by the applicant and approved by the Utilities or Transportation and Facilities Director.
(B) Full payment shall be made prior to the issuance of any building permit for any use covered by the development plan.