Should the developer construct regional system improvements in excess of the TUMF fee obligation, the developer may be reimbursed based on actual costs or the approved Nexus Study effective at the time the agreement was entered into, whichever is less. Reimbursements shall be enacted through an agreement between the developer and the city, contingent on funds being available and approved by WRCOG. In all cases, however, reimbursements under such special agreements must coincide with construction of the transportation improvements as scheduled in the five-year Zone Transportation Improvements Program adopted annually by WRCOG.
(Ord. 3264 § 1, 2017; Ord. 3020 § 5, 2009; Ord. 2815 § 1, 2006; Ord. 2629 § 1, 2003.)