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Oakdale approves $2.86 million reimbursement agreement for F Street Corridor infrastructure
Summary
Council authorized a reimbursement agreement to repay Tesoro Homes Inc. $2,856,246.60 for infrastructure (streets, water, sewer, storm) installed in the F Street Corridor specific plan area, funded from capital facilities and plan-area fees.
The Oakdale City Council on Feb. 18 approved a capital facilities fee and plan-area fee reimbursement agreement with Tesoro Homes Inc. to reimburse infrastructure costs installed in the F Street Corridor specific-plan area.
Staff said Tesoro Homes installed D Street improvements (curb, gutter, sidewalk, pavement and landscaping) as a condition of its development; the developer is now eligible for…
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