Resolution No. 5306 - Laserfiche WebLink

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7.2.1 Qualified Public Improvement Credit For any qualified public improvement (as defined in Eugene Code) to be constructed in connection with the development for which an SDC is collected. 7.2.2 Capital Improvement Credit For any capital improvement (as defined in Eugene Code) to be constructed as part of a development to the extent: • That it reduces the need for construction of specific, identifiable public improvements; or • That it would otherwise have to be constructed or acquired at public expense and is eligible for funding with Systems Development Charge funds under the current policies of the City Council; or That the City can recover credits through collection of an equivalent assessment from benefited properties, or for which the City Council has formed a Local Improvement District in accordance with provisions in Eugene Code, 1971 section 6.610 (6) or 7.407(2). 7.2.3 Credit for Multiple -Unit Housing Capital Improvements Per Eugene Code, 1971 section 7.731, a multiple -unit housing credit may be granted for the construction of, payment for, or contribution to the cost of certain capital improvements, as part of a multiple -family residential project consisting of five or more dwelling units, if all the following conditions are met: • The capital improvement must be included on a capital improvement plan described in Eugene Code 1971, section 7.715(2) and be eligible for SDC funding under the Plan; and • The improvement must be located within the boundaries of the neighborhood association in which the development is being constructed; and • Credit for the construction of or contribution to the improvement is permissible under state law; and • The City Council, the developer, and the applicable neighborhood association board of directors each: o Agree that the improvement will mitigate one or more impacts resulting from the multiple -family residential project in the neighborhood; and o Approve the grant of SDC credit in exchange for the construction of, or contribution to, the improvement. A multiple -unit housing credit may be applied only toward the SDC attributable to the same capital system (transportation, wastewater, stormwater, parks) as the improvement constructed, paid for, or contributed to by the developer. A multiple -unit housing credit may be for no more than fifty percent of the SDC for the applicable capital system. City of Eugene SDC Methodologies - General Methodology Page 16