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Council approves developer-funded rebuild of North Beacon as credit against $1.33 million in impact fees
Summary
The Woodland City Council authorized the mayor to sign a development agreement allowing Woodland Industrial Center LLC to construct a full-depth rebuild of North Beacon as credit in lieu of $1.33 million in transportation impact fees; if construction costs fall short of the fee amount the developer must pay the difference, and the city will not cover cost overruns.
The Woodland City Council on April 6 approved a development agreement enabling Woodland Industrial Center LLC to construct offsite transportation improvements — a full-depth rebuild of North Beacon — as a credit against $1.33 million the developer currently owes in transportation impact fees.
Staff member Riley told the council during a public hearing that the proposal does not waive the impact fees: “If the construction costs come in less than the 1.33 million, they will be responsible for payment of the remaining amount and…
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