Development proposals located within a designated assessment reimbursement area that will benefit from a preestablished street improvement constructed pursuant to the creation of an assessment reimbursement area shall as a prerequisite and condition to approval contribute the appropriate reimbursement share designated by the formula set forth in the applicable reimbursement agreement. This requirement shall be based upon the terms of the applicable reimbursement agreement, and the applicable sections of the city’s SEPA ordinance (Chapter 14.24 LMC) and the terms and requirements of the policies referred to therein. (Ord. 1494 §1 (part), 2016).