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Council hears update on trust fund review and possible move to impact fees; consultant work tops $3 million
Summary
Development services staff briefed the council on an ongoing review by the Capital Improvement Advisory Committee (SEAC) comparing the city's longstanding trust fund model with impact fees; staff said consultant work and master‑plan updates have cost about $3 million so far.
Development Services Director Michael Dice and SEAC chair Moses Masagatchi updated the City Council on the city's multi‑year review of funding alternatives for new subdivision infrastructure, explaining why the municipal trust fund model is under review and how a potential shift to state‑authorized impact fees would work.
"So my graphic would have shown there. Not that 1. We're getting there," Dice said as he described prior work. He traced the program’s history to a 1982 developer‑driven trust fund arrangement that reimburses developers for oversizing and extending…
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