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requirements and criteria set forth in section 7.195 – 7.220 of this code. <br />(4) Property owners deferring payment pursuant to this section are not <br />eligible to participate in the Improvement Assistant Program. <br />(5) A deferral under this section shall terminate if: <br />(a) The owner granted the deferral sells or transfers to any other party <br />fee title or a possessory interest in the parcel to which the deferral <br />pertains, except sales or transfers between persons related by <br />blood, marriage or adoption; or, <br />(b) Title to the parcel passes to another party by devise or intestate <br />succession; or, <br />(c) The owner granted the deferral ceases to occupy the dwelling. <br /> <br /> <br />Section 7. <br /> Section 7.407 of the Eugene Code, 1971, is amended to provide as follows: <br />7.407 Equivalent Street Assessment <br />. <br />(1) <br /> In addition to any application or permit fee required by section 7.385, when the <br />owner of real property is required to obtain an access connection permit to <br />take access onto a street for which the city has given a credit under <br />subsections 7.730(3) and 7.730(4) based upon the size of the street <br />improvements that would be assessable under subsection 7.175(2)(b) and <br />section 7.180, the owner shall pay to the finance officer an equivalent <br />assessment and any other fees required by the city before taking access to <br />the street. If the property has delinquent local improvement assessments <br />against it, before issuing the access connection permit, all delinquent <br />assessments shall be brought current. The equivalent assessment shall be <br />determined by the city engineer, taking into account the city policies regarding <br />size of streets assessed to benefitted property, based on the greater of the <br />credit given under subsection 7.730(3) or (4) for the street to which access is <br />proposed or the cost at the time of taking access of local improvement <br />assessments for similar streets. As used in this subsection "cost" includes the <br />expenses identified in section 7.170. Any person aggrieved by the city <br />engineer's determination of the equivalent assessment may seek its review <br />before a hearings official by following the procedures in section 2.021 of this <br />code. The petitioner shall have the burden of proof in such review. <br />(2) <br /> Nothing in this section shall prevent the city from creating a local improvement <br />district for street improvements under section 7.175 upon a determination that <br />an existing street improvement for which the city has given credit under <br />subsection 7.730(3) and (4) is determined to specially benefit property that did <br />not pay for the street improvements. Such assessments shall be calculated <br />upon the greater of the amount of credit given by the city or the cost of <br />constructing a similar street improvement at the time of the formation of the <br />local improvement district. If a property has been given an equivalent <br />assessment under subsection 7.407(1) it may not be assessed again for the <br />same street improvements. <br />(3) <br /> Except as otherwise provided in subsection [7.175(4)(d)2]7.180(5)(f), <br />equivalent assessments required by subsection [7.175(3), (4) and (5)] <br />7.180(5) shall be paid at the time of development by the person who receives <br />a permit to develop the parcel as described in subsection [7.175(5)(d)] <br />7.180(5)(e). The equivalent assessment shall be calculated by the city <br />engineer [based on the front footage abutting the improvement, on the factors <br />Ordinance - Page 12 of 14 Version C <br /> <br />