A. All owners of properties for which a payback agreement is in force and who have not previously paid their assessment will be assessed the charge as provided in the agreement at the time they receive benefit from the street or utility system improvements. A property benefits from a street improvement when it receives the beneficial use of the street as provided for in the payback agreement. A property benefits from a water, sewer, or storm improvement when any of the following occur: (1) the applicant applies for a water connection permit under ACC 13.06.050; (2) the applicant applies for a sewer connection permit under ACC 13.20.060; or (3) the applicant applies for a storm drainage permit under ACC 13.48.240. The payback assessments will be based on the costs and methodology identified in the approved payback agreement. Assessments due under a payback agreement will be paid in full before the city issuance of any applicable permits.

B. Moneys collected by the city (less the payment processing fee established in the city’s fee schedule) will be reimbursed to the applicant within 60 days after the city’s receipt. The applicant is required to provide changes of address or ownership every two years from the date of the signing of the agreement. If the applicant fails to provide the notification within 60 days of this date, the city may collect any reimbursement funds owed to the applicant under the contract and shall not reimburse those funds to the applicant. Any money collected by the city and not refunded to the applicant will be deposited in the city’s capital fund. (Ord. 6696 § 1 (Exh. A), 2018; Ord. 6512 § 1, 2014.)