If an owner or developer of real property dedicates land or constructs facilities
identified in the DIF Capital Improvement Plan, the County may grant the owner or
developer a Credit in one or more of the Fee Components described in this ordinance
against the Development Impact Fees required. No Credit shall be granted for the cost
of improvements not defined herein as "Facilities." An owner or developer may request
a Credit from the Transportation and Land Management Agency at the time of development
approval. A Credit granted at the time of development approval shall be included as
a condition of that approval. After development approval, but before the issuance
of a building permit, an owner or developer may request a Credit from the Executive
Office. If the Transportation and Land Management Agency or the Executive Office determines
that a Credit is appropriate, the owner or developer shall enter into a Credit Agreement
which shall be approved by the Board of Supervisors. The Credit amount shall be initially
calculated by estimating the fair market value of the land dedicated or by estimating
the cost of constructing Facilities. The County shall subsequently review and determine
the actual value of the land dedicated and the actual construction costs allowable.
Any Credit granted shall not exceed the allocated cost for the Facilities. Any Credit
granted shall be given in stated dollar amounts only.
