Colfax Municipal Code Art. III Reimbursements

The city may impose a requirement that the improvements installed by the developer for the benefit of the project shall contain supplemental sizes, capacity or number for the benefit of property not within the project and that such improvements be dedicated to the city. When the city imposes such a requirement, the city shall enter into an agreement with the developer to reimburse the developer for a pro rata share of the initial costs of constructing such improvements from other benefiting property owners upon the development of real property by such other benefiting owners. In no event shall the city assume or incur any liability of any kind whatsoever in the event of the nonpayment of the pro rata share of development costs from such other benefiting property owners. A reimbursement agreement shall expire after a maximum of ten (10) years.

(Prior code § 9-1.1110)