A. Owners who have followed all of the procedures of this Chapter and entered into a Cost Recovery Contract shall be reimbursed a share of the costs which they incurred in constructing the road improvements. Such reimbursement shall be made as provided for in the Cost Recovery Contract.

B. Reimbursement from an affected property owner to the Owner shall occur by the affected property owner paying to the County the pro rata reimbursement share and the County then paying to the Owner the pro rata reimbursement share as received from the affected property owner. The affected property owner must make payment prior to the issuance of any permits necessary for development of the property.

C. The Department of Planning and Public Works is hereby designated to collect and reimburse pro rata reimbursement shares to the Owner and/or the County, as appropriate, under this Chapter. Reimbursements from the Department of Planning and Public Works will occur within 60 calendar days after payment by affected property owners.

D. A fund designated as the "Latecomers Cost Recovery Fund" is hereby created. Interest accrued within the Latecomers Cost Recovery Fund shall be transferred to the County's General Fund on an annual basis for any associated costs related to the Fund.

E. A separate account shall be established for each Cost Recovery Contract in the Latecomers Cost Recovery Fund.

F. If the actual costs of the improvements constructed by the Owner are less than the cost base utilized in determining pro rata reimbursement shares, the pro rata reimbursement shares shall be adjusted downward to reflect actual costs. If the costs of the improvements constructed by the Owner are more than the cost utilized in determining the pro rata reimbursement shares, the Owner shall be responsible for payment of such excess with no reimbursement to be provided for the excess.

G. The Owner is not guaranteed that any development will occur by affected property owners during the time period of reimbursement as stated in the Cost Recovery Contract and therefore is not guaranteed that any reimbursements will actually occur.