(a) At the discretion of the city, the immediate construction of the public infrastructure required for a development may be infeasible or impractical until a later date for reasons including, but not limited to:
(1) Scheduling or other conflicts with other planned public improvements the city or other entities may be making in the same general area; or
(2) The public infrastructure creating a potentially hazardous condition if they are constructed immediately.
(b) To accommodate the later construction of the public improvements, the city may require a developer to enter in a future improvements agreement in lieu of the developer constructing the public improvements.
(c) The design engineer must deliver to the city an estimated construction cost for the public infrastructure required for the development based upon the city's unit price ordinance.
(d) After the city and developer agree to the estimate, the future improvements agreement will be executed by the city and the developer and the developer shall deliver a check to the city in the amount of 125% of the total estimated construction costs for the community facilities.
(e) After the future improvements agreement has been executed by the city and the developer, and the developer has paid the city the amount required by this section, the developer's requirement to construct public infrastructure for the development contained in the future improvements agreement shall be met unless the developer makes changes to the design of the development that would require additional or different public infrastructure.
(Ord. 23656-05-2019, § 1, passed 5-7-2019, eff. 6-1-2019)