§ 15.44.060 SATISFACTION OF PUBLIC ARTWORK REQUIREMENT.
   (A)   The public art requirement shall be satisfied by completing one of the following actions in accordance with this chapter:
      (1)   Donating a public artwork to the city.
      (2)   Installing a public artwork on private property.
      (3)   Paying an in-lieu art fee. At the option of developer, 50% of the in lieu art fee may be deposited in the Library Improvement Fund.
      (4)   Construction of on-site improvements pursuant to a disposition and development agreement with the Monrovia Redevelopment Agency.
   (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 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 and/or in the Library Improvement Fund, as provided in this § 15.44.060.
(Ord. 2004-03 § 2 (part), 2004; Ord. 2005-06 § 2, 2005)