Laserfiche WebLink
1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />offset, on a proportionate basis without interest, the corresponding mitigation fee to be paid <br />pursuant to this Chapter. <br />B. The amount of the mitigation fee credit shall equal the City's most recent <br />estimated cost of acquisition. <br />C. To the extent that an owner is granted a mitigation fee credit, such owner <br />shall not be entitled to a future reimbursement for such land donation except as provided in this <br />chapter. <br />D. A development fee credit is an obligation of the city that runs with the land <br />and inures to the benefit of each successor in interest of the original landowner until full credit <br />has been received. <br />3.46.100 Reimbursement. <br />A. The owner of a parcel of property otherwise required to pay a mitigation <br />pursuant to this chapter will be entitled to enter into a reimbursement agreement to reimburse <br />from subsequently collected mitigation fees the direct and verifiable costs of land donations in <br />excess of that required by their project where all of the following conditions are satisfied: <br />land in the WVHCP. <br />1. The owner has donated land that is identified as suitable for habitat <br />2. The land, or portion thereof, has been dedicated to the public. <br />3. Use of the land, or portion thereof, is in compliance with all <br />applicable laws and adopted plans. <br />land donation. <br />23152.06000\9686953.1 <br />The City shall not reimburse the owner for costs related to financing any <br />M <br />