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7.2.3.1 Pre-existing Development Credit <br /> When an applicant for development of vacant land establishes that the land was <br /> previously improved with structure(s) which were demolished, a reduction for the <br /> demolished structure(s) shall be granted provided a reduction for the demolished <br /> structure(s) has not been previously given. <br /> 7. .4 City Cost of Construction Credit <br /> In calculating the credits given under section 7.2.1 and 7.2.2, the City Engineer shall <br /> e imate the cost of the capital improvement based upon what the City would pay were it <br /> to construct such improvements. <br /> 7. .5 Revenue Collection for Equivalent Assessment or Special Benefit Credit <br /> en an equivalent assessment or a special benefit assessment is collected when <br /> pr perty connects to a public improvement for which the City has granted a credit under <br /> 7. .2 (3) above, the revenue collected (net of the costs of collection) shall be deposited in <br /> th SDC fund for the system to which connection was made and for which the credit was <br /> gi en unless the SDC fund has been reimbursed for the credit from other City funds. If the <br /> S C fund has been reimbursed in advance from other City funds, the revenue collected <br /> wi t be deposited to the City fund which reimbursed the SDC fund. <br /> 7.3 R vocation of Credit and Impact Reduction <br /> A credit or impact reduction which has been applied to reduce SDC fees may be revoked and <br /> the unp id portion of the SDC reimposed as a lien against the property, within the time required <br /> by thes Methodologies, if: <br /> • T e associated capital improvement for which SDC credit has been given is not <br /> c nstructed or completed as required, or fails to function as designed; or <br /> • T e associated reduction program forwhich an impact reduction has been approved is not <br /> in tituted or is modified without the approval of the City Engineer, or ceases to function as <br /> d signed. <br /> Such r vocation shall not occur until ten days prior written notice has been given to and an <br /> opportu ity to be heard afforded the applicant and property owner. If the credit or impact <br /> reducti n is revoked, the City Manager may add to the amount due, the cost of the revocation <br /> procee ings. <br /> 7.4 A placation for Credit and Impact Reduction <br /> An appl cation for a credit or impact reduction, including related documentation and information, <br /> shall be submitted by the applicant in the manner prescribed by the City, together with any fee <br /> set by t e City Engineer pursuant to Eugene Code, 1971 section 2.020. The applicant shall have <br /> the bur en of demonstrating the eligibility for a credit. No credit or impact reduction shall be <br /> granted for an SDC that has already been imposed, collected or agreed to be paid in <br /> installm nts. <br /> <br /> City of Eug ne SDC Methodology Page 13 <br /> <br />