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Council receives FY 2024–25 System Development Charge report
Summary
Staff presented the annual SDC report for FY 2024–25 to satisfy ORS requirements, noting the city charges improvement SDCs and reported transfer of street and storm SDCs to the street construction fund to support the Dakota Street signal project.
City staff presented the FY 2024–25 System Development Charge (SDC) annual report for council information only. Staff said the report satisfies ORS accounting requirements and explained the city charges only improvement SDCs (to be used for future capital improvements) rather than reimbursement SDCs (repayments for completed capital items).
The presentation noted transfers of street and storm SDC revenues into the street construction fund to support the Dakota Street signal project. No council action was required; the report was provided to fulfill statutory reporting obligations and to inform council budget and capital planning.
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