(A) The owner of a parcel of property otherwise required to pay a fee under § 16.25.111 shall receive a development fee credit when that owner designs and installs landscaping identified in the Landscape Facilities Fee Study, regardless of how it may be financed, which serves the owner’s parcel or parcels. The development fee credit shall reduce, on a proportionate basis without interest, the landscaping fee required to be paid under § 16.25.111.
(B) The amount of the development fee credit shall not exceed the city’s most current estimated cost of constructing the improvement, or the portion of the improvement actually completed, by contract or utilizing city forces.
(C) The owner of a parcel or property within the South Corona area may be further entitled to a development fee credit where the city determines on a case-by-case basis prior to construction of an improvement that the construction of a major landscaping project or a portion thereof will be necessary to meet the basic needs of the entire South Corona area even though it does not directly serve the owner’s project or is of greater size than that required to meet the needs of the owner’s project adequately.
(D) The amount of the development fee credit shall be determined after inspection and acceptance of the landscape improvement at the time of payment of the fee required by § 16.25.111.
(E) If an owner pays the landscape fee assessed under § 16.25.111 and later elects to accelerate development by constructing landscape facilities required for the project, the owner may apply for and receive a refund, up to the amount of the landscape fee required under § 16.25.111, for such facilities after those facilities are certified by the City Engineer as complying with the Landscape Plan, city ordinances and applicable law.
(F) To the extent that an owner is granted a development fee credit, such owner shall not be entitled to future reimbursement except as provided in § 16.25.114.
(G) A development fee credit is an obligation of the city that runs with the land and inures to the benefit of each successor-in-interest of the original landowner until full credit has been received.
(`78 Code, § 16.25.113.) (Ord. 1944 § 1 (part), 1989.)