(a) Failure to satisfy conditions. The owner of an office development may not fail to satisfy any of the conditions under section 59-E-3.31 of this Code that permitted a reduction in parking requirements.
(b) Penalty under section 59-E-3.31. If an owner of an office development violates subsection (a) of this section, the owner is liable for a penalty under section 59-E-3.31 of this Code.
(c) Penalty payment; initial schedule. If an owner is required to make a payment to the ridesharing account as a penalty under section 59-E-3.31 of this Code, the payment shall be made under the following schedule:
(1) The owner shall pay an annual penalty of thirty cents ($0.30) for each one hundred dollars ($100.00) of assessed real property value if the office development:
(i) Is in a share-a-ride district; and
(ii) Agreed to participate in the share-a-ride program under section 59-E- 3.31(a)(1) of this Code.
(2) The owner shall pay an annual penalty of forty cents ($0.40) for each one hundred dollars ($100.00) of assessed real property value if the office development:
(i) Is in a share-a-ride outreach area; and
(ii) Agreed to participate in the share-a-ride program under section 59-E- 3.31(b)(1) of this Code.
(3) The owner shall pay an annual penalty of up to thirty cents ($0.30) for each one hundred dollars ($100.00) of assessed real property value if the office development:
(i) Is in a share-a-ride district; and
(ii) Agreed to implement private ridesharing incentives under section 59-E- 3.31(a)(2) of this Code.
(4) The owner shall pay an annual penalty of up to forty cents ($0.40) for each one hundred dollars ($100.00) of assessed real property value if the office development:
(i) Is in a share-a-ride outreach area; and
(ii) Agreed to implement private ridesharing incentives under section 59-E- 3.31(b)(2) of this Code. (1985 L.M.C., ch. 9, § 1.)