§ 9-342. Qualification process.

The process for qualifying to receive an offset of development fees is as follows:

(1)

Prior to issuance of a building permit for a proposed qualified development an owner shall submit an application to the department. The application form shall be provided by the community development division.

(2)

A preliminary qualification approval will be issued by the department if it is determined that the proposal meets the requirements of this article.

(3)

Prior to final qualification of a development, a buyer or lessee must be identified and determined to be an eligible person by the department. The buyer or lessee shall apply to the department for a determination of eligibility.

(4)

A contract for sale and purchase for an owner qualified development or a lease for a lease qualified development shall be delivered to the department and be added to the application.

(5)

The seller shall provide evidence of payment of development fees to the city.

(6)

If a development is determined to be an owner qualified development, a check for the offset amount shall be issued by the city and be made payable to the entity disbursing the closing proceeds. The check will be delivered on or before the date of closing and disbursement shall be made simultaneous with the transfer of title from the qualified seller to a qualified buyer. For a lease qualified development, a check for that portion of the offset amount representing the part of the multifamily dwelling being leased shall be made available on the date a lease executed by an eligible person is delivered to the department.

(Ord. No. C-98-64, § 1, 12-8-98; Ord. No. C-99-70, § 9, 12-21-99)