In lieu of the subdivider installing improvements required under §§ 155.065 through 155.074 of this chapter, the subdivider may enter into agreement with the city to do such construction work. Such agreement shall include a request that the benefitted properties be assessed for the cost of such improvements as provided for in state statutes and assessment policies established by the city. Such assessments shall include fees for engineering and design of the improvements, inspections and when applicable, financing expenses. Petition for improvements shall be presented to the city in a fashion and timetable as prescribed by the City Engineer. The subdivider shall be required to remit to the city payment in an amount equal to 20% of the total assessments levied against the property being improved. Such payment shall be made in a fashion and time frame prescribed by the city and shall be applied to the assessable costs of the development. This option shall apply to streets, alleys, curb and gutter, water lines, storm sewer and sump pump lines and sanitary sewer facilities.
(1992 Code, § 315:22) (Ord. 1069, passed 3-2-1993)