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Agency discusses operationalizing resolution 2024-03 for large SDC invoices; board agrees to defer repayment until larger borrower emerges
5949403 · October 14, 2025
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Summary
Staff presented options for repaying SDC (system development charge) invoices over $100,000 under Resolution 2024-03. The board indicated it was comfortable deferring repayment until a larger borrower or borrowing event triggers repayment; no formal vote was taken.
Allie Camp and Nathan Bell briefed the Springfield Economic Development Agency on Oct. 13 about operationalizing a provision in Resolution 2024-03 that requires board review for invoices over $100,000 related to SDCs. Camp said the provision gives the board flexibility to consider cash on hand and project load when…
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