A. Following completion of the facility extension and receipt of final costs to be included in the payback agreement, the city will provide the applicant with the payback agreement for execution.

B. The applicant will provide an executed copy of the payback agreement to the city. The applicant will not be allowed to make any further changes to the executed payback agreement unless the changes are mutually agreed to by the city.

C. Within 90 days of receipt of the signed payback agreement, the city engineer will request that the city council schedule a public hearing.

D. Following the public hearing, the city council will consider the payback agreement.

E. The payback agreement will be recorded in the King or Pierce County department of records, as appropriate. Once recorded, the payback agreement is binding on property owners of record within the assessment area who are not party to the agreement. (Ord. 6742 § 1 (Exh. A), 2019; Ord. 6696 § 1 (Exh. A), 2018; Ord. 6512 § 1, 2014.)