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(a) The general policy of the Town is that development should pay its own way, and that the owners of undeveloped property benefited by installation of public improvements should generally contribute financially to the cost of such improvements upon development of their property. This policy is necessary to protect the taxpayers of the Town.

(b) The Town Council finds that reimbursement agreements are an efficient means of promoting private installation of minor public improvements, particularly for in-fill of residentially zoned areas within the Town, but that such agreements are inappropriate where a local or special improvement district is required because of the scale of the improvements to be installed or the complexity of reimbursement provisions to be administered. Such agreements are not generally intended to be utilized where installation of the public improvements has been required as a condition of approval of a major subdivision, except with regard to costs of oversizing water or sewer mains. For these reasons, approval of any proposed reimbursement agreement shall be discretionary with the Town Council. (Prior code 15.44.010; Ord. 1296 §1, 2008)