Upon compliance with this chapter, an owner who constructs street improvements required by the city’s SEPA, subdivision or other general land use and environmental ordinances, the city’s street standards ordinance or any site-specific ordinance, in connection with a land use application, as defined in BIMC 2.16.020.C, shall receive reimbursement from owners of real property abutting the street improvements who:

A. Did not contribute, in whole or in part, to the original cost of the street improvements;

B. Are within the reimbursement area that is established under this chapter;

C. Have been assessed a reimbursement charge under this chapter;

D. Develop or redevelop their property within 15 years after execution of the latecomer reimbursement agreement; and

E. At the time of development or redevelopment would be required to install similar street improvements but do not have to because they were installed by the real property owner. (Ord. 2002-01 § 1, 2002)