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A. When required, the ordinance prepared by the County Engineer shall include a copy of the proposed Cost Recovery Contract which shall:

1. Define the improvements for which reimbursements are to be made;

2. Describe the specific boundary of the Cost Recovery Area;

3. Define the estimated cost of the improvements and the estimated funding contribution thereto, if any, to be made by the County;

4. Define what share of costs will be paid by each property owner using a method of cost apportionment which is based upon the "benefit" to the property owner from the improvement(s);

5. Define when and how reimbursements are to be paid;

6. Define the conditions of participation by, and reimbursement to, the County and Owner involved in financing the County road improvements; and

7. Define the minimum participation threshold for all affected properties, consistent with thresholds established in PCC 12.36.020.E.

(Ord. 2011-62s § 1 (part), 2012)