§ 10-39. Reimbursements for the "oversizing costs" of street facility improvements required incident to the approval of a subdivision map.

(a)

Any subdivider of real property located within the unincorporated area of the Chico Urban Area who is required to construct and install street facility improvements incident to the approval of a subdivision map or parcel map shall be reimbursed by the county for the cost of any portion of such street facility improvements which were in excess of that reasonably necessary to serve property located within such land division as determined by the director of public works (hereinafter referred to as the "oversizing costs" of street facility improvements).

(b)

Any reimbursements for the oversizing costs of street facility improvements required by the provisions of this section shall be made in accordance with the terms and conditions of a written reimbursement agreement between the county and the subdivider which shall provide for the payment to the subdivider of that portion of the street facility improvement fees received by the county pursuant to the provisions of this article which is reasonably calculated to reimburse the subdivider for the oversizing costs of such street facility improvements over the fifteen (15) year period following the execution of such reimbursement agreement as determined by the director of public works, less a sum equal to the county's reasonable cost to administer the reimbursement agreement as established by resolution to the board of supervisors.

(c)

Any reimbursement agreements for the oversizing costs of street facility improvements required by the provisions of this section shall be in a form approved by the county counsel, and shall be executed at the time of approval of a final subdivision map, final parcel map, or a certificate of compliance.

(Ord. No. 2695, § 1, 8-16-88)