The purpose of this Chapter is to establish a procedure and criteria whereby a constitutional taking issue may be carefully considered in fairness to any private property owner who believes a constitutional taking may have occurred, and in view of the uncertainty and expense involved in defending lawsuits alleging a constitutional taking. Notwithstanding this purpose, the City’s ability to lawfully require dedication or exaction of property consistent with Federal and State constitutions shall be preserved. The criteria set forth in this Chapter shall be objectively and fairly construed in reviewing any claim that a specific action by the City requires payment of just compensation.