(1) The right of reimbursement is assignable and transferable after written notice is delivered to the City, advising the City to whom future payments are to be made.

(2) The City shall establish separate accounts for each reimbursement district. Upon receipt of a reimbursement fee, the City shall cause a record to be made of that property’s payment and remit the fee to the applicant, or the applicant’s designee within 90 days of receipt of the reimbursement.

(3) Upon receipt of the reimbursement fee, the City shall cause a Satisfaction of Obligation form to be prepared which the party making the payment may record with the County.

(4) The reimbursement fee does not replace or limit, and is in addition to, any other existing fees or charges collected by the City.