3.14.070 Advance financing resolutions and Agreements.
After the public hearing held pursuant to MMC 3.14.050, if the council desires to proceed with an advance financed public improvement, it shall pass an advance financed resolution. The resolution shall designate the advance financed improvement(s) and provide for advance financed reimbursement by intervening property owners pursuant to this chapter. When the developer is other than the city, the advance financing resolution shall instruct the city manager to enter into an agreement with the developer pertaining to the advance financed public improvements. The agreement shall contain the following provisions:
A. The advance financed public improvements shall meet all applicable city standards.
B. The total advance financed reimbursement shall not exceed the actual cost of the public improvements and shall be apportioned as described in the Advance financing resolution.
C. The developer shall indemnify and hold harmless the city from any and all losses, claims, damage, judgments or other costs or expense associated with the advance financed resolution and agreement.
D. The developer shall acknowledge that the city is not obligated to collect the advance financed reimbursement from intervening property owners.
E. Other provisions as the council determines necessary and proper to carry out the provisions of this chapter. (Ord. 4730 §7, 2000).