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Philomath council adopts supplemental budget, approves $185,000 SDC buyback and withholds $18,000 for plan‑review balance
Summary
The Philomath City Council adopted a supplemental fiscal-year 2024–25 budget that includes creating an SDC proprietary fund and a planned $185,000 purchase of stormwater SDC credits for Mill Pond Crossing; the council also directed staff to withhold $18,000 to cover a negative plan-review balance. The amended resolution passed 6–1.
The Philomath City Council on Monday adopted a supplemental fiscal-year 2024–25 budget that includes a plan to purchase $185,000 in stormwater system development charge (SDC) credits from Mill Pond Crossing and to create a new SDC proprietary fund.
Finance director Mike told the council the supplemental package shifts contingency to cover several items, including $28,200 toward police vehicle outfitting and a set of water and wastewater adjustments, and noted a projected $64,000 increase for bus operations. He said the council was being asked to authorize a two-part action on the stormwater SDC issue: approve the budget amendment and, separately, consider how to address an outstanding negative plan-review balance.
“The council discussed purchasing back 185,000 storm drain SDC credits,” Mike said during his presentation, noting staff concerns about multiple outstanding liens and the…
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