§ 3.56.010. Purpose

A.

The city is in the process of planning for future growth of the city in areas that are within the city boundary, and in areas that may be annexed to the city in the future. A critical element of land use planning is the development of a plan to finance public infrastructure, as defined in this chapter, that is needed to serve new development and to address impacts of development on existing infrastructure and on the environment.

B.

It is contemplated that financing for infrastructure will consist of a combination of mechanisms, including but not limited to development impact fees, assessment districts, special taxes, and other available methodologies. This will require extensive nexus and other technical studies in advance of development of a financing plan.

C.

It is possible that landowners and developers will desire to prepare and file applications for entitlements to develop land in advance of approval by the city council of an infrastructure financing plan, following determination of the nature and extent of infrastructure that will be required.

D.

In order to allow consideration and potential approval of applications for, land use entitlements in advance of approval of a financing plan, it is necessary that each discretionary land use entitlement be conditioned with a requirement that the landowner and developer execute a written agreement that binds them to full and complete participation in the infrastructure financing plan when adopted by the city council, and irrevocably commits them to payment of estimated development fees with a secured covenant to pay in the future any different between the estimated fees paid and the actual fees, when imposed by the city council pursuant to the infrastructure financing plan.

E.

This chapter specifies a requirement that each discretionary entitlement that is approved for a private development project be conditioned with a requirement that the landowner and developer execute a written agreement contains those provisions that are specified herein.

(Ord. No. 88)