§ 6-9-115. Reimbursements.

Latest version.

In the event the City Council agrees to accept consideration in lieu of fees, the value of which is greater than the amount of the otherwise applicable fees, the Council shall enter into an agreement with a developer pursuant to which said developer may be reimbursed for the amount by which the value of the consideration exceeds the amount of the otherwise applicable fees. The agreement shall set forth the amount to be reimbursed, and the time and manner in which payment thereof will be made; however, such payments shall be made only from revenues paid to the special fund created for the area of benefit.

(Code 1976, § VI.N-113; Ord. No. 167, § 13, 5-25-76)

                    
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