18.56.940   Credits and reimbursements.
   A.   The City council, by resolution or agreement, may establish policies and procedures for issuance of development credits against the Railyards impact fee for Railyards facilities constructed by a landowner, or for reimbursement of the portion of a landowner's costs to construct Railyards facilities that exceeds the landowner's Railyards impact fee obligation, if the city has Railyards infrastructure funds available to pay the reimbursement. The policies and procedures shall be consistent with the following:
      1.   A landowner may only construct Railyards facilities for development credits with advance approval by a written fee credit or reimbursement agreement, except for the Railyards facilities that are identified as completed improvements in the Updated Railyards finance plan adopted by the city council in resolution 2018-0383 on September 25, 2018.
      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 Railyards facilities, the city manager 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 18.56.155. (Ord. 2018-0058 § 1; Ord. 2018-0045 § 1)