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Ordinance No. 2289 <br /> <br />dedication to the city through a recorded document. <br />d. The developer shall have improvement plans for the work approved by the city <br />engineer and shall provide a bond, cash deposit or other type of security as required <br />by the Subdivision Map Act, the City of Pleasanton’s Subdivision Ordinance, or <br />other applicable provision of the Pleasanton Municipal Code before beginning <br />construction. <br />e. . <br />2. The developer and the city shall enter into a written subdivision or other agreement <br />with respect to the credit, which shall be recorded against the property. The agreement <br />shall include the amount of the credit which will be given (or for unusual projects, the <br />exact method of calculating the credit), when the credit will be given, and to which lots <br />it will apply. <br />B. Calculation of Credit. <br />1. General. <br />a. The community development director, or designee, ("director") shall calculate the <br />amount of credit to be given based upon the approved improvement plans and <br />using cost estimates (which are based on recent city project bids for similar work). <br />The cost of right-of-way to be purchased shall be based upon an appraisal done by <br />a licensed appraiser at city expense. <br />b. For nonstandard improvements, the credit shall be calculated based on information <br />provided by the developer (such as bids or other documents verifying costs) for the <br />community development director's review and approval. <br />c. The calculation of costs shall be based only on work which is eligible for credit <br />under subsection A of this section. No credit shall be given for the cost of <br />constructing improvements otherwise required by direct development pursuant to <br />Titles 18, 19, and 20 of this code. The amount of credit includes construction costs <br />and the cost of engineering. <br />2. Assessment Districts, Benefit Area and Community Facilities Districts. If development <br />occurs within an assessment district, fee benefit area, community facilities district, or <br />otherwise is subject to an assessment, fee or special tax collected specifically to defray <br />the costs of providing or constructing transportation circulation improvements, the <br />amount of credit is equal to that portion of the estimated construction cost of the <br />transportation circulation improvements included in the assessments, fees or special <br />taxes which will be contributed by the development. <br />C. Reimbursement When Credit Exceeds Fee. When the amount of credit exceeds the amount <br />of the developer's transportation development fee, the developer may be eligible for <br />reimbursement of costs under Section 3.26.080 of this chapter. <br />D. How and When Credit is Given. <br />1. If a developer is eligible for credit, the community development director shall calculate <br />the credit pursuant to subsection B of this section, and determine the number of <br />residential units, or office, commercial/retail, or industrial/warehouse square footage for <br />Page 36 of 638