95Refund if municipal parking rate adjusted to decrease shortfall

95 Refund if municipal parking rate adjusted to decrease shortfall (1) This regulation applies if: (a) there is an agreement between the council and a person in relation to a parcel of land under regulation 91; and (b) a parking usage schedule has been prepared under regulation 92(3) which decreases the shortfall in relation to the parcel. (2) The council must, in relation to the unexpired portion of the term of the agreement, refund to the person who entered into the agreement the amount paid by the person in respect of the decrease in the shortfall. (3) The method of calculating the amount of the refund must be set out in the agreement.