A. A property owner who dedicates land or otherwise contributes funds for the capital costs of the facilities identified herein may be eligible for a credit for such contribution against the impact fee otherwise due.
B. The chief financial officer shall determine: (1) the value of the developer contribution; (2) whether the contribution meets capital improvement needs for which the particular impact fee has been imposed; and (3) whether the contribution will substitute or otherwise reduce the need for capital improvements anticipated to be provided with impact fee funds. In no event, however, shall the credit exceed the amount of the otherwise applicable impact fee.
C. Any application for credit must be submitted on forms provided by the city before development project approval. The application shall contain a declaration under oath of those facts that qualify the property owner for the credit, accompanied by the relevant documentary evidence. (Ord. 2017-01 (part), 2017: Ord. 2005-04 (part), 2005)