In lieu of a monetary contribution, an applicant obtaining a waiver of the required storm water management may enter into an agreement with the City of Loveland for the granting of an easement or the dedication of land by the applicant, to be used for the construction of an off-site storm water management facility. The City's acceptance of such dedication is at the discretion of the City Manager and must be a benefit to the greater public interest. The agreement shall be entered into by the applicant and the City of Loveland prior to the recording of plats or, if no record plat is required, prior to the issuance of the building permit.
(Ord. 2022-31. Passed 4-12-22.)