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HomeMy WebLinkAbout6/21/2022 Item 5l, Elke - Staff Agenda CorrespondenceCity of San Luis Obispo, Council Memorandum City of San Luis Obispo Council Agenda Correspondence DATE: June 21, 2022 TO: Mayor and Council FROM: Brigitte Elke, Finance Director VIA: Derek Johnson, City Manager SUBJECT: ITEM 5l – AUTHORIZE A REIMBURSEMENT AGREEMENT BETWEEN THE CITY OF SAN LUIS OBISPO AND AVILA RANCH DEVELOPERS, INC. FOR RECYCLED WATER Staff received a question regarding the basis for reimbursement agreements with developers and the mechanics of the repayment. 1) Basis of reimbursement agreements with developers . Answer: The City is the authorized agency under the law to require orderly and efficient development. To achieve this goal, the City often requires developers to oversize infrastructure to accommodate the entire area development. In most cases, this oversizing is above and beyond the developer’s fair share of the infrastructure needed for their development and ent itles them for reimbursed from future developments benefitting from the infrastructure. The City’s Municipal Code under 16.20.110 – Reimbursements – provides the basis for the agreements. 16.20.110 A. Eligibility. Whenever improvements are required to be installed adjacent to property other than that being developed or in greater size or capacity than that required for the development of the property under consideration, the developer of the improvements may be eligible for reimbursement… 2) Mechanics of repayment. Answer: As the permitting agency, the City collects all development related fees including impact fees for transportation, parks, water and sewer infrastructure. When a developer places infrastructure beyond their fair share that will benefit other developments in the area, a reimbursement agreement is put in place to allow the developer to receive those fees paid by other developers as repayment for the upfront cost. 5l – Reimbursement Agreement with Avila Ranch Developers, Inc. Page 2 16.20.110 C. Payment of Reimbursement. 1. When prorated shares of the cost of improvements are collected from the developers of new projects, the money collected shall be paid in accordance with the terms of the agreement. The City shall not be required to reimburse more money than it actually collects. 2. Reimbursements shall be made only when the city collects money from the developers of new projects, notwithstanding any provision of any law, this code or the reimbursement agreement. Failure or error by the city resulting in funds not being coll ected will not subject the city to any liability, obligation or debt owed the original developer. (Ord. 1490 § 3 (part), 2006)