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Council adopts ordinance 1297 allowing temporary deferral of system development charges
Summary
Prineville City Council approved Ordinance 1297, establishing Chapter 44 to allow a limited deferral program for system development charges (SDCs) with an initial grace period and financing option tied to certificate of occupancy and city lien position.
The Prineville City Council unanimously adopted Ordinance 1297, establishing Chapter 44 of the Prineville Municipal Code to allow a temporary financial deferral program for certain system development charges.
Joshua Smith, planning director, briefed the council and said the ordinance was unchanged since a public hearing at the December meeting. The staff recommendation was approval. Lori Hooper Antrim, finance director, was present for questions.
Council discussion clarified that the deferral provides an initial nine‑month grace period; after the grace period applicants must either pay or finance the charges. Council members confirmed the city’s security interest would be disclosed to lenders and that the city would be in a first lien position under the program. Council and staff explained that the deferral is tied to certificate of occupancy and that if a project did not proceed to occupancy there would be no demand under the program.
A councilmember noted most prospective users said they expect to use the initial grace period for early cash flow needs rather than to enter long‑term financing. The ordinance was presented for a single unanimous vote on first presentation and passed.
The ordinance is intended to help larger development projects with near‑term cash flow needs while preserving city security mechanisms and public disclosure to lenders.
