When, in the determination of the city, subsequent development would benefit from the upgraded fire hydrants and/or water mains, the city may enter into a reimbursement agreement with the person who paid the fees referred to in Section
15.50.010 of this chapter.
When the city enters into a reimbursement agreement, the city shall assess each subsequent developer which benefits from the upgraded water main and/or fire hydrant, a portion of the original upgrade fee, prior to the issuance of a building permit in the following manner.
A. When all developments which benefit from the upgrading are residential, the city shall determine the fee so that each dwelling unit as defined in Section 17.04.240 of this code is assessed an equal amount.
B. When one or more of the developments which benefit from the upgrading are other than residential, the city engineer shall determine an equitable formula for the reimbursement agreement.
In no event shall the length of the reimbursement agreement exceed a period of ten years.
(Ord. 1380 § 1, 1986)