12.36.040 Cost Recovery Contract.
This section is included in your selections.
A. The Cost Recovery Contract will establish a methodology for reimbursement to the Owner or the Owner's assigns for a portion of the costs of road improvements by other property owners who:
1. Are found to be within the Cost Recovery Area pursuant to PCC 12.36.030;
2. Are found to have a pro rata reimbursement share based upon the "benefit" to the property;
3. Did not contribute to the original cost of the road improvements subject to the Cost Recovery Contract; and
4. Subsequently develop their property within the proposed time period stated in the Cost Recovery Contract and at the time of their development were not required to construct similar road improvements because they were already provided for by the Cost Recovery Contract.