(A) In the event that storm drain facilities or street improvements approved by the city are installed by the city, or by an applicant, which serve properties other than theirs and for which benefit districts are to be established by provisions of this code, the City Engineer shall establish a benefit district to collect appropriate fees from those other benefiting properties, and refund the fees to the city or applicant as may be applicable.
(B) However, if an applicant installed the improvements, the establishment of the benefit district shall subject to the following conditions:
(1) Within 90 days following the notice of completion of the main, the applicant shall file with the City Engineer a financial statement, in the form specified by the City Engineer, stating the cost (excluding any anticipated city reimbursement) of the installation of the improvements.
(2) Actual costs shall be limited to engineering, applicable fees paid to the city, county, state, contractor, surety bonding company, and for staking, compaction tests and interest as defined in § 8.60.040 below.
(3) If the financial statement is not filed within this time period, the applicant shall not be eligible for any reimbursements under this chapter. The benefit district shall remain active for 20 years from the notice of completion of the improvements, or until the applicant has been fully reimbursed, whichever comes first. Payments shall be made annually in July, or as soon thereafter as practical
(1995 Code, § 8.60.010) (Ord. 06-2026, passed - -2006)