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CETA hears annual SDC program update; downtown utilization totaled $112,000
Summary
Staff presented the annual System Development Charge (SDC) program update showing $112,000 in utilization in downtown during the last calendar year, accounting adjustments for expired permits, a decision to defer Glenwood reimbursements to prioritize infrastructure, and small process improvements to capture eligible projects.
Ally Camp presented the Springfield Economic Development Agency’s annual system development charge (SDC) program update, reporting $112,000 in SDC utilization in the downtown urban renewal district in the last calendar year and describing recent program accounting and process changes.
Camp said the board’s prior work in 2023 added program structure, resolutions and a memorandum of understanding to manage repayment of past SDC debts to the city. The…
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