(A)   In lieu of a monetary contribution, an applicant may obtain a waiver of the storm water management requirements by entering into an agreement with the town, in which the applicant grants an easement or dedicates land for the construction of an off-site storm water management facility.
   (B)   The agreement shall be entered into by the applicant and the town prior to the recording of plats or, if no record plat is required, prior to the issuance of the building permit.
(Ord. 0504, passed 12-12-05)