Recovery of public costs of default shall be provided for in all density bonus agreements. Among other things, default shall result in assessment for repayment of all rent revenues from bonus units for at least the prior three years or for the life of the agreement, whichever is shorter. The repayment may occur over a reasonable period of time but not to exceed the time elapsed under the agreement. The agreement shall determine the repayment period upon default.
(`78 Code, § 17.87.090.) (Ord. 2140 § 1 (part), 1992.)