If a developer is required, as a condition of approval of a permit or other entitlement, to acquire open space facilities that have been designated to be financed with open space fees, a credit against the open space fee otherwise established by this chapter concerning the development project for the developer’s actual cost of acquiring the open space facilities in an amount not to exceed the cost of such open space facilities as estimated by the city in adopting the open space fee shall be offered by the city and, if the open space fee is less than such amount, the developer shall be entitled to reimbursement. Reimbursement shall be from the open space fee revenues only. (Ord. 2444 NCS §6 (part), 2012.)