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~ ,..~ 4 <br />7.2.3.1 Pre-existing Development Credit <br />-When an applicant for`development of vacant land provides reasonable evidence <br />than the land was previously improved with structure(s) which were demoljshed <br />within 5 years of the. application, a reduction for the demolished structure(s) shall <br />be granted provided areduction -for the demolished structure(s) has not been - - <br />previously given. _ " <br />7.2.4 City Cost of Construction Credit <br />In calculating the credits given, under this section the City Manageror the ..Managers <br />designee shall estimate the cost of the capital improvement based upon what the City <br />would pay were it to construct such. improvements.. <br />7.2.5 Revenue Collection for Equivalent Assessment or Special Benefit Credit <br />When an equivalent assessment or a special benefit assessment is collected when new <br />development connects to a public improvement for which the City has granted a credit <br />under .7.2.2. (c) above, the revenue collected. {net of the costs of collection) shall be <br />deposited in the SDC fund for the system to which connection, was made and for which the <br />credit was given unless the SDC fund has been reimbursed for the credit from other City <br />funds: If the. SDC fund has been reimbursed in advance from other City funds, the. revenue <br />collected will be deposited to the City fund which reimbursed the SDC fund. <br />7.3 Revocation of Credit and Impact Reduction <br />If a capital improvement is not constructed or a program is not instituted or ceases to function <br />as designed, for which a credit' or impact reduction in SDCs has been given within the time <br />required by these Methodologies, the credi# or impact reduction may be revoked and'the unpaid <br />_ portion of the SDC reimposed as a lien against the property. Such revocation shall not occur <br />until ten days prior written notice has been given to and an opportunity to be heard afforded the <br />permittee and property owner. If the credit or impact reduction is revoked, the City Manager or <br />` the Manager's designee may add to the amount due, the cost of the revocation proceedings. <br />7.4 Application for Credit and Impact Reduction <br />An application 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 anyfee <br />set by the. City Manager pursuant to E.C. 2.020. The applicant shall have .the burden of <br />:demonstrating the eligibility for a credit with clear and convincing evidence.. No credit. or impact <br />reduction shall be granted. for an SDC that has already been imposed, collected or agreed to be <br />paid in installments. <br />..March 01, 1997 Methodologies: City of.Eugene SDCs Page 13~ <br />