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c �K517 000 <br /> 10 c,` 14 <br /> the development covered by the application for service and/or building permit and does not <br /> receive payment pursuant to an over sizing agreement, or (3) escrows money with the <br /> Department for;an Off-Site Facilities Project, as defined in this Ordinance, shall be eligible <br /> for a credit forsuch contribution against the Capacity Fee otherwise due. The Applicant must, <br /> prior to the Applicant's construction or escrow, submit a petition for credit to the City <br /> Manager for a determination of credit eligibility. <br /> (b) The amount of the credit shall be based upon certified cost estimates submitted by <br /> the applicant and approved by the Utilities Director. In no event shall the credit exceed the <br /> amount of the otherwise applicable Capacity Fee component. <br /> (c) Within ten (10) days after receipt of a petition for credit, the City Manager shall <br /> forward the petition and supporting documentation to the Utilities Director for review and <br /> recommendation. The City Manager shall approve, deny or approve with conditions, the <br /> petition and establish the amount of credit within sixty (60) days following the filing of a <br /> petition. <br /> (d) If a petition is approved for credit by the City Manager, the applicant and the <br /> governing body shall enter into a Credit Agreement which shall include, but is not limited <br /> to,the following: (1)the timing of the action to be taken by the applicant and the obligations <br /> and responsibilities of the applicant, including, but not limited to the land acquisition and <br /> construction standards and requirements to be complied with, (2) the obligations and <br /> responsibilities of the Governing Body including,but not limited to inspection of the project, <br /> and (3) the amount of the credit or mechanism to be used to determine the amount of the <br /> amount. If the credit is less than the Capacity Fee otherwise due,the applicant shall pay the <br /> Capacity Fee less the credit at the time of approval of the application for service and/or <br /> building permit by the Department. Where the Applicant for credit is not, or will not be,the <br /> property owner,or agent of the property owner requesting a Certificate of Occupancy, such <br /> applicant shalf agree to provide recorded notice to subsequent owners of the property <br /> regarding the credit, the availability of any credit to such purchasers and shall agree to <br /> indemnify the City for any and all costs and liabilities arising from any claims related to the <br /> Capacity Fee credit. If any credit available at time of issuance of a Certificate of Occupancy <br /> is less than the Capacity Fee due,the applicant shall pay the Capacity Fee less the credit at <br /> the time of the Certificate of Occupancy issuance. <br /> SECTION 12. Biennial Review. <br /> (a) Biennially,the Utilities Director shall prepare a report to the Council on the subject <br /> of Wastewater Facilities Capacity Fees, which report shall incorporate: <br /> (1) recommendations on amendments, if appropriate, to this Ordinance, as <br /> amended; <br /> (2) proposed changes to the Capacity Fee calculation methodology; <br /> (3) proposed changes to the Capacity Fee calculation variable; <br /> (4) proposed changes to Capacity Fee rates or schedules. <br /> (b) The Utilities Director, in preparing the biennial report, shall obtain,when available, <br /> and review the;following information: <br />