§ 5.5. Deferral or Waiver of Required Improvements

5.5.1 The Planning Commission may defer or waive at the time of final approval, subject to appropriate conditions, the provision of any or all public improvements as, in its judgment, are not requisite in the interests of the public health, safety, and general welfare, or which are inappropriate because of the inadequacy or nonexistence of connecting facilities. Any determination to defer or waive the provision of any public improvement must be made on the record and the reasons for the deferral or waiver also shall be expressly made on the record.

5.5.2 Whenever it is deemed necessary by the Planning Commission to defer the construction of any improvement required under these regulations because of incompatible grades, future planning, inadequate or nonexistent connecting facilities, or for other reasons, the subdivider shall pay his pro-rata share of the costs of the future improvements to the City of Santa Fe prior to signing of the final subdivision plat by the Chairman of the Planning Commission, or the developer may execute a separate subdivision improvement agreement secured by a letter of credit guaranteeing completion of the deferred improvements upon demand of the City of Santa Fe.