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improvement by the total assessable frontage of all lots included <br />in the improvement district. <br />(d) Vacant parcels of one-half acre or larger shall not be assessed at <br />the time of the street improvement, but the person who receives a <br />permit to develop such a parcel shall pay an equivalent <br />assessment when required by and in accordance with subsection <br />7.180(5) and 7.407 of this code. “Vacant parcel” means a parcel <br />that has no structure designed or used for human residence, <br />business, industry or other occupancy, or any physical alteration <br />to the land designed, used or intended to serve such a structure or <br />a business or other use whose employees or customers access the <br />structure or business or other use from a street. <br />(5) Equivalent Assessment <br />(a) For purposes of this subsection (5), the minimum required number <br />of dwelling units shall be based on the minimum dwelling units per <br />acre required for the zone. <br />(b) The equivalent assessment for residential parcels in low density or <br />single-family residential zones not assessed at the time of the <br />street improvement shall be determined by multiplying the <br />minimum required number of dwelling units for the zone by the <br />cost per RAU. <br />(c) The equivalent assessment for residential parcels in zones other <br />than low density or single-family residential zones not assessed at <br />the time of the street improvement shall be determined by <br />multiplying the minimum required number of dwelling units by the <br />cost of .25 RAU. <br />(d) The equivalent assessment for non-residential parcels not <br />assessed at the time of the street improvement shall be based on <br />the total area of the property multiplied by the area and cost plus <br />the total linear front footage multiplied by the front unit cost. <br />(e) Except as provided in subsection 7.180(5)(f), the equivalent <br />assessment shall be calculated, reviewed and paid as provided in <br />section 7.407 of this code before any of the following occurs: <br />1. A permit is issued authorizing construction of a new driveway <br />access to the street; <br />2. A permit is issued authorizing construction of a new street <br />that connects the parcel to the street; <br />3. Any partition, subdivision or development of the parcel <br />regulated by Chapter 9 of this code is approved; or <br />4. Construction of a new structure capable of human <br />occupancy. <br />(f) A person who receives a permit to develop a vacant parcel of one- <br />half acre or more before improvements to a local street serving the <br />parcel have been constructed shall not pay an equivalent <br />assessment when the permit is received, but the parcel shall be <br />assessed as otherwise provided in section 7.175 and 7.180 of this <br />code when the street improvements are constructed. <br />(g) A person who receives a permit to develop a vacant parcel of one- <br />half acre or more, whether before or after the improvements to an <br />arterial or collector street serving the parcel have been <br />Ordinance - Page 10 of 14 Version C <br /> <br />