§ 55.204 — Credit Application Process

Sec. 55.204. - Credit Application Process.

A developer seeking to obtain Water Quality Compensatory Credits for a development project pursuant to this Part, shall submit a written request to the DIA Chief Executive Officer. Such request shall contain at a minimum the following information and such other information as required by the DIA Chief Executive Officer and the Director: (1) Name and contact information, including address, phone number, fax number and email, for the Developer; (2) Location and brief description of the development project; (3) Certified copy of the engineering plans for the development project; (4) Name and contact information, including address, phone number, fax number and email, for the engineer of record; and (5) Number of Water Quality Compensatory Credits requested by the developer to meet the stormwater facility water quality requirements for the development project. Upon receipt of a written request from a developer, the DIA Chief Executive Officer shall forward such request to the Director for review and to determine the Credit fee pursuant to Section 55.205, Ordinance Code. At such time that the Director has determined the Water Quality Compensatory Credit fees for the development project, the Director or designee shall notify the DIA Chief Executive Officer and the developer of the fees. If based on the fees the developer agrees to consummate the Credit sale, the DIA Chief Executive Officer shall proceed with obtaining the necessary approvals from the CAO, the Director and the DIA Board. In no event shall the City transfer Water Quality Compensatory Credits to a developer until the developer has (i) executed an agreement under Section 55.207 below and paid the City for such Credits (i.e., Credit sale); or (ii) complied with the terms of an executed redevelopment agreement regarding such Credits (i.e., Credit incentive).

(Ord. 2017-516-E, § 1)