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City to add system development charge (SDC) deferral option; ordinance and rates return Wednesday
Summary
Staff previewed a municipal code amendment to permit residential SDC deferrals (payment delayed to prior to occupancy), including an application fee and a 2% recovery charge; council discussion was informational and no formal adoption occurred.
Matthew Rutgers, director of Community Development, briefed the council on a municipal-code change that would allow a limited system development charge (SDC) deferral for residential projects.
Rutgers said SDCs are currently collected at permit issuance and that the proposed deferral would move collection to just prior to occupancy, which eases upfront cash needs for developers. The draft…
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