In accordance with Chapter 35.72 RCW and the provisions of this Chapter, Pierce County ("the County") may create, approve and/or execute a Cost Recovery Contract for the reimbursement to the County Road Fund and/or to a Property Owner ("Owner") required or willing to construct County road improvements as a prerequisite to further property development. Cost Recovery Contract procedures in this Chapter may be initiated by an Owner or the County Engineer on his/her own initiative.