18.56.520 65th Street area impact fee and imposition.

   The 65th Street area impact fee is established and imposed on all parcels located within the 65th Street area for the following types of development:

   A.   New dwelling units, buildings, or structures;

   B.   Additions to the commercial building area or residential building area of a building or structure; and

   C.   Changes in use of a building or structure. (Ord. 2017-0014 § 1)

18.56.530 Establishment of 65th Street area infrastructure fund; use of fee revenues.

   A.   The 65th Street area infrastructure fund is established. The city shall deposit all revenues generated by the 65th Street area impact fee, and any interest earned on the fund balance, into the fund.

   B.   The city shall use the 65th Street area infrastructure fund to:

      1.   Finance the design, construction, installation, improvement, and acquisition of the 65th Street area facilities.

      2.   Reimburse the city for administrative costs identified in the 65th Street area finance plan.

      3.   Reimburse landowners and holders of development credits consistent with section 18.56.540 and the 65th Street area finance plan. (Ord. 2017-0014 § 1)

18.56.540 Credits and reimbursements.

   A.   The city council, by resolution or agreement, may establish policies and procedures for issuance of development credits against the 65th Street area impact fee for 65th Street area facilities constructed by a landowner, or for reimbursement of the portion of a landowner's costs to construct 65th Street area facilities that exceeds the landowner's 65th Street area impact fee obligation, if the city has 65th Street area infrastructure funds available to pay the reimbursement. The policies and procedures shall be consistent with the following:

      1.   A landowner may only construct infrastructure and facilities for development credits with advance approval by a written fee credit or reimbursement agreement.

      2.   Development credits do not run with the land.

      3.   Development credits are transferrable through a transfer agreement signed by both parties and approved by the city.

   B.   After the landowner constructs the 65th Street area facilities, the city shall determine the development credit or reimbursement amounts, if any, based on the terms of the fee credit or reimbursement agreement. The landowner may appeal the city manager's decision as set forth in section 18.56.055. (Ord. 2017-0014 § 1)