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(A) Any construction of, contributions to, or dedications of any facility appearing on the capital improvements plan which is required to be constructed by the city as a condition of development shall be credited against the impact fees otherwise due for the same category of impact fees otherwise due from the development.
(B) The amount of each credit for required construction of a facility on the capital improvements plan shall be determined at the time of plat approval by the city and shall be established by written agreement between the city and the developer.
(C) Additionally, the city and the owner may enter into an agreement providing that in addition to the credit, the owner will be reimbursed for all or a portion of the costs of the facilities from impact fees or from pro rata fees as received from other new developments that will use the capital improvements or facility expansions.
(D) An owner shall be entitled to a credit against any category of impact fee as provided in any written agreement between the city and the owner.
(E) No credit for construction of any facility shall exceed the total amount of impact fees due from the development for the same category of improvements.
(2005 Code, § 7-1-8) (Ord. 900904, passed 9-4-1990)