A subdivider or developer who installs public improvements that benefit property outside the subdivision or development is eligible for reimbursement. An area of benefit will be established to reimburse the subdivider or developer a proportionate share of the cost. The subdivider or developer will be reimbursed from area of benefit payments from future subdivisions and development. The amount of reimbursement shall equal the area of benefit payments less the ten (10) percent city administrative charge.
Reimbursements shall be payable to heirs, successors and assigns of the subdivider or developer. Payment to more than one individual, corporation, or partnership must be approved by the finance director. (Ord. 2017-01 (part), 2017: Ord. 9710 § 1 (part), 1997)