In the event that the developer is required to construct improvements under this chapter, the city shall enter into an agreement with developer pursuant to which the developer may be reimbursed for the amount by which value of the improvements constructed and dedicated, or the amount of fees or other compensation paid, exceeds the cost of the capacity size, or number of improvements allocated to the development project, or fees otherwise applicable to the development project. The agreement shall set forth the amount to be reimbursed and the time and manner in which payment thereof will be made, and shall be in a form approved by the city attorney. Generally, such payments shall be made by the developers of other benefitted property at the time such property is developed.
(Ord. 91-06-1100 § 1 (part))