Whenever a development includes or is granted approval subject to a condition that the development applicant actually provide a school facility, land dedication, or system improvement that is acceptable to the district and the county and is identified in the district's capital facilities plan, the development applicant shall be entitled to a credit for the actual cost of providing the facility against the fee that would be chargeable under this chapter. The cost of construction shall be estimated at the time of approval but must be documented and confirmed after the construction is complete to assure that an accurate credit amount is provided. If construction costs are less than the calculated impact fee amount, the difference remaining shall be chargeable as a school impact fee. In the event the amount of the credit is calculated to be greater than the amount of the impact fee due, the development applicant may apply such excess credit toward impact fees imposed on other developments by the applicant within the same service area.
(Ord. 2007-067 Exh. A, 2007)