(A) The public artwork requirement shall be satisfied by completing one of the following actions in accordance with this chapter:
(1) Donating public artwork to the city.
(2) Installing a public artwork on private property.
(3) Paying an in lieu public art fee in an amount established by this chapter to the city.
(B) If the artwork value of a public artwork used to satisfy the public artwork requirement is less than the amount of the in lieu public art fee that otherwise would be applicable to the development project, then the difference shall be paid to the city and deposited in the Art in Public Places Fund, as provided in this section.
(Ord. 2004-03 § 2 (part), 2004; Ord. 2005-06 § 2, 2005; Ord. 2023-04 § 3, 2023)