(A) When an accelerated public improvement is constructed by the city or its contractors to provide service or benefit to a parcel of a property owner, which owner or their predecessors in interest did not pay for any of the costs of the accelerated public improvement, the city may impose and collect a reimbursement amount. The reimbursement amount shall be based on the benefitted parcel's share of the special benefit received as compared to the total cost of the accelerated public improvement. The reimbursement amount shall be paid to the city prior to the issuance of a building permit or the issuance of an encroachment permit to access city right-of-way for the purpose of connecting to the accelerated public improvement.
(B) It shall be unlawful for any person to extend service from an accelerated public improvement to property for which a reimbursement amount has been imposed without first paying the reimbursement amount and obtaining a permit issued by the City Engineer or designee.
(C) The repayment obligation under this section shall terminate in ten years or when the total amount provided for by this subchapter is repaid, whichever is sooner.
(Prior Code, § 19-13.2-5) (Ord. O08-07-13, passed 7-10-2008)