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<br /> , <br /> O that;it would otherwise have o be constructed: or acquired at public expense <br /> and is eligible for funding with Systems 1Jevelopment.Charge-dollars under <br /> the current policies of;the City Council; <br /> O! <br /> that the City can recover credits through- collection of an equivalent <br /> assessment from taenefltted properties, or for which the City; Council has <br /> formed a Local lmprovernent,Qistrict in accordance with provisions in Eugene <br /> Code 6.61:0 (6~ or 7.407 (3). <br /> 7 2.3 Previous Payment or-:Use <br /> i calculating the credits given underthis section, the City Manager or the Manager's <br /> d ignee shall apply credit only to he developments for which the previous use or <br /> p yment can be:verifred. Credit for previous use wii! be based on the last known <br /> v rifiable use and the': burden of proof fs on the applicant to provide adequate <br /> d cementation. ' <br /> 7.2.3.1 Pre-existing Develt~pmerrt Credit <br /> When an applicant .for develppment of vacant ;tend provides.. reasonable <br /> evidence that fit, land was previously improved with structure(s) which were <br /> demolished within 5 years of the application, a reduction for the demolished <br /> structure(s) shall be granted provided a reduction far the .demolished. <br /> atructure(s) has't'~4t b$811 pviop$y.,given: <br /> 7 .4 City Cost <of Ctt e~#1~ <br /> ! calculating the +credr#5';`gi~ntmctetr:this section ~ttte Ctty Manager or the l~latl~r~er~s <br /> ignee shall estimate the post of tt'te capital improvement based upon what the pity <br /> uld pay were it: to construct such Improvements. . <br /> 7 ,5' Revenue Collection for Equivalent Assessment or Special Benefit Credit <br /> n an .equivalent aset~ ol"a special bene#it assessment is collected wherw` <br /> w development conrt~, t#~~ public improvement for which the City has granter <br /> a credit under 7.2.2 (c) e~sve,~the ~svienue collected (net of the costs of collection). <br /> s li be deposited:;n th~f3DC fund for tho.system to which connection w,as made. and <br /> f r which the credit wait .given ~trllese.:the SpC fund has been. reimbursed for the <br /> it from other City funds: #f the_,SOC fund has been reimbursed in advance from <br /> o her.City funds, the revenue c~fected wilt be deposited 'to the City fund which <br /> imburserF the SDC fund.. <br /> 7.3 evocation of Credi# and lrripa'ct Reduction <br /> If a -ca ital improvement is riot construe#ed ar a :program:<is not instituted or ceases to <br /> functio as designed, for which a credit orimpact reduction;in SDCs has been given;withi» <br /> the tim n~quired,`by these Methodologies, the credit or impac# reduction may be revoked <br /> Proposed M thodologies: City of Eugene SDCs (Effective March 01, 1997) Page 19 <br /> <br />