§ 754.304 — Credit application process

Sec. 754.304. - 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 Director. Such request shall contain at a minimum the following information and such other information as required by 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 Director, or designee, shall review the request and determine the Credit fee pursuant to Section 754.305 below. At such time that the Director has determined the Water Quality Compensatory Credit fees for the development project, the Director shall notify the developer of the fees. If based on the fees the developer agrees to consummate the Credit sale, the Director shall proceed with obtaining the necessary approval from the CAO. In no event shall the City transfer Water Quality Compensatory Credits to a developer until the developer has (i) executed an agreement under Section 754.307 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. 2020-628-E, § 1)