HomeMy WebLinkAboutCouncil Resolutions 1443 RESOLUTION NO. `I L 3
A RESOLUTION OF THE CITY OF CENTRAL POINT ACKNOWLEDGING
EXPIRATION OF SYSTEM DEVELOPMEN CHARGE (SDC) CREDITS
FOR PARKS AND OPEN SPACE WITHIN THE
SNOWY BUTTE STATION DEVELOPMENT
RECITALS:
A. In December of 2005, the City of Central Point agreed to a SDC Agreement
with Cris Galpin and Investors II LLC and their Agent Mike Montero, for
development of required parks and open space within the Snowy Butte
Station Planned Unit Development.
B. The Credit established a value for the upsizing of$107,514.32. This equated
to 28% of the total SDCs that were to be originally paid.
C. Central Point Municipal Code 11.12.110 states that credits can be established
for qualified public improvements. The parks and open space upgrades
qualified for such an improvement, but not all improvements were completed
within the 10-year time frame.
D. Central Point Municipal Code 11.12.110.6.3 states that all SDC Credits for
qualified public improvements must be used within 10 years or they expire.
E. As of January 1, 2016, there are still $53,627.08 of credits remaining
The City of Central Point resolves as follows:
Section 1. Effective January 29, 2016, the remaining parks development charge credits
expire.
Passed by the Council and signed by me in authentication of its passage this&E day
of January, 2016.
Mayor Hank Williams
ATTE /-
City Recorder Deanna Casty