This chapter is adopted pursuant to the municipal affairs provisions of the city Charter in order to establish a procedure for reimbursing developers of property located within the city, as well as the Chico Redevelopment Agency and the city itself, for a portion of the costs of constructing and installing street facilities which adjoin other properties within the city, reduce the cost of any additional development occurring on such other properties by eliminating the need for the construction and installation of such street facilities at the time such development occurs, and, by reason thereof, directly benefit such other properties.
(Ord. 1897 (part))