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Post Falls URA updates policy on parking reimbursements, raises plan fees and directs OPA drafting for East 2nd project
Summary
The commission reviewed and acted on agency policy revisions Dec. 18: staff presented a Policy 7 addendum allowing up to 100% reimbursement of city-required costs for projects meeting the City Center parking plan; Policy 15 increased the plan fee from $15,000 to $25,000 and added a $7,500 plan-amendment fee; Policy 16 language was trimmed. Commissioners also directed counsel to draft an owner participation agreement (OPA) for the East 2nd LLC downtown project.
Post Falls — At its Dec. 18 meeting, the Post Falls Urban Renewal Agency considered and moved forward several policy changes and directed staff to prepare an owner participation agreement for a downtown project.
Agency staff presented revisions to Agency Policy 7 (Addendum 3), prepared by Councilor Bridal following prior Commission direction and reviewed by the Finance & Policy Committee. Staff said the revised paragraph A "allows for up to 100% reimbursement of City required costs associated with the 2018 City Center parking plan for mixed use or residential development projects in the downtown…
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