A. The right to reimbursement under this Chapter is transferable and assignable after the applicant or their assignee delivers written notice to the City advising the City to whom future payments must be made.

B. No City officer or employee or agent, acting in their official capacity, shall be liable for payment of any Reimbursement Charge, accrued percentage rate or portion thereof. Only those payments that the City has received from or on behalf of properties within a Reimbursement District shall be payable to the person holding the right to reimbursement. The City’s general fund or other revenue sources shall not be liable for or subject to payment of outstanding but unpaid Improvement Finance Charges.

C. Upon receipt of a Reimbursement Charge, or portion thereof, the City shall record the payment on the City lien docket with respect to the property for which the payment is made. Within ninety (90) days of receipt, the City shall remit the funds to the person holding the right of reimbursement, less an amount equal to a certain percentage of the payment, to be set by Council resolution, for the cost of administration of the program by the City.