3.65.090 Implementing Contract:
Before the City will collect any latecomer’s fee, the Developer will transfer title to all the improvements under the latecomer contract to the City at no cost to the City. The Developer will also assign the City the benefit and right to the latecomer’s fee should the City be unable to locate the Developer to tender any latecomer’s fee that the City has received.
A. The City will collect latecomer fees due from the owners of benefitted properties before approving a plat, before issuing a building or other development permit on property not platted, and before issuing a building or other development permit on platted lots that are deemed insufficient. In addition, the City will collect latecomer fees due for utility improvements before benefitted properties are approved to connect to the utility improvement.
B. Latecomer fees that are collected by the City will be forwarded to the Developer at the Developer’s address on file at the City Manager’s office. Latecomer fees will be sent to the Developer within sixty (60) days of collection, except as noted in Section 3.65.100. (Ord. 2748, 1/27/15)