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Street improvements to construct a right-hand turn lane on SR-17 at Grape Drive with city funds shall be reimbursed by the below referenced property owners upon property subdivision, or upon development that causes additional traffic. The assessment shall be in addition to the other permit fees that are due. Every property in the referenced reimbursement area as set forth below shall be assessed the corresponding reimbursement fee. The reimbursement fee area shall include the following properties that are located in the North 1/2, Section 15, Township 19 North, Range 28 East, W.M.:

A. Parcel 2; Parkplace Plaza Major Plat Lot 1 CBSP $19,400

B. Parcel 3; Parkplace Plaza Major Plat Lot 1 CBSP $79,207

The above reimbursement rates shall be adjusted upward commencing on June 2, 2008 by the change in the January to January all West Coast Cities CPI- index issued in 2009 and shall be so adjusted each June 1 thereafter using the same index. (Ord. 2367, 12/18/07)