A.
Prior to the issuance of a building permit for any construction, a property owner, or designee, shall:
1.
Construct any and all public improvements which are determined by the Public Works Director to be required to mitigate the impacts caused by the construction for which the permit is to be issued; and
2.
Execute and record with the County Recorder's office an irrevocable offer of dedication to the City, in a form acceptable to the Public Works Director, for all real property that is determined by the Public Works Director to be required to mitigate the impacts caused by the construction for which the permit is to be issued.
B.
As an alternative means of satisfying the requirement of construction of public improvements set forth under subsection (A)(1), a property owner, or designee, may enter into an agreement with the City pursuant to which the property owner agrees to construct the public improvements. The agreement shall be secured by a faithful performance bond or an instrument of credit satisfactory to the Public Works Director and approved as to form by the City Attorney. The faithful performance bond shall be in an amount equal to 100% of the estimated cost of installing all of the required improvements. The agreement shall specify that the required improvements will be completed within a certain time limit. If the required improvements are not satisfactorily completed within the time limit, the City shall have the authority to complete the improvements and the faithful performance bond shall be forfeited. The agreement may provide for extensions of time under specific conditions. Encroachment permits shall be approved by the Public Works Director.
C.
As an alternative means of satisfying the requirement of construction of public improvements set forth under subsection (A)(1), a property owner, or designee, may, with the approval of the Public Works Director, pay the applicable in-lieu fee for specified public improvements as adopted by resolution of the City Council.
(O2014-9, 8/5/14)