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If, in the opinion of the city council, construction of a storm drainage system is not feasible because the construction fund and/or the charges to be collected are insufficient to guarantee the construction of the storm drainage system, then the city council may pass a resolution in accordance with one of the following:
A. That the request, development or redevelopment is premature to the basic development or redevelopment of the general area as a whole and that such request, development or redevelopment is denied or held in abeyance.
B. That in the case of development or redevelopment that the developer or redeveloper pay such charges due as set forth in this chapter and detain on site all stormwater runoff from said development or redevelopment by means or methods approved by the city engineer in such a way as to not cause any damage to properties receiving stormwater overflows.
C. The requested development or redevelopment necessitates a storm drainage system and that the construction thereof is not feasible only because the construction fund and/or the charges to be collected are deemed insufficient as set forth herein, and therefore, said property owner, developer or redeveloper may pay such charges due as set forth in this chapter and construct or advance the cost of construction of the storm drainage system and that said costs over and above that which can be borne by the construction fund by agreement with the city be reimbursed to said property owner, developer or redeveloper, providing that the source of such reimbursement funds be the charges collected from others benefiting from said storm drainage system and providing that such agreement terminate within twenty (20) years of the date thereof. Said property owner, developer or redeveloper may, at the option of the city, be given credit against his storm drainage acreage charge for the cost of construction of storm drainage systems, said cost to be verified to the satisfaction of the city engineer. (Ord. 652, 2-2-1982)