(A) Improvements: The city may desire to alter, expand or extend a city street facility for the purpose of making these facilities available to properties which lie beyond existing facilities or to expand existing facilities to handle additional traffic volumes beneficial to other properties within the area. The city engineer shall prepare or have prepared, plans and specifications for said improvements.
(B) Determination If Area To Benefit: When such street improvements are constructed by the city, the city engineer shall determine the area and the specific parcels of property which will benefit from such improvements, and shall prepare a map designating the area to benefit.
(C) Basis For Determination Of Benefits: The determination of benefits may be based either on area or frontage foot charges, whichever is determined to be more equitable by the city engineer and the appropriate allocation of construction costs shall be based upon the benefit to be derived by each parcel of property. The determination of benefit and allocation of cost by the city engineer shall be final and conclusive.
(D) Improvements Within Reimbursement Area: Except as otherwise provided in this code, any person constructing, adding to, or arranging for the construction of, or adding to any building within the reimbursement area, the result of which effects an increase in the density of use of the property or effects an increase of the traffic generated on the street in question, shall be subject to providing reimbursement to the city as determined by the city engineer for the reimbursement area. The only exception to this provision shall be additions to any existing buildings or the construction of new buildings which are less than two hundred (200) square feet or the construction of a new private garage which is less than four hundred (400) square feet. In order to be excepted from the provisions of this chapter, only one addition of less than two hundred (200) square feet and one new garage of less than four hundred (400) square feet are allowed on an individual property within a five (5) year period.
(E) Payment Of Reimbursement: Any person required to pay a reimbursement can pay the reimbursement in full at the time of application for a building permit or enter into an agreement in writing providing for the payment of said fee. On approval by the city council for such an agreement, the payment of the fee may be amortized over a period of five (5) years with interest thereon at a rate of ten percent (10%) per annum payable annually. (Ord. 1425, 9-8-1987)