3.03.030 City manager’s report.
The city manager must review an application to establish a reimbursement district and evaluate whether the district should be formed. The city manager may require the applicant to provide additional information to assist in the evaluation. The city manager shall prepare a written report and recommendation for the council that includes and addresses each of the following factors:
A. An evaluation of whether the developer will finance or has financed some or all of the cost of a public improvement that provides a benefit to property not owned by the developer.
B. The area or properties benefited by the public improvement that are to be included in the reimbursement district.
C. The actual or estimated cost of the public improvement(s) serving the area of the reimbursement district.
D. The portion of the public improvement cost appropriate for reimbursement to the developer.
E. A reasonable formula or methodology for spreading the cost among the properties within the reimbursement district. If appropriate, the city may define a “unit” subject to the reimbursement fee based on whether the property may be partitioned, subdivided, altered or modified in the future. The city may use any methodology for apportioning costs to a benefited property that is just and reasonable. The methodology should account for unbuildable areas such as dedicated rights-of-way, utility easements and open space.
F. The results of applying the formula or methodology referred to in subsection E of this section to the properties identified in subsection B of this section to determine the proposed reimbursement fee.
G. The amount to be charged and the payment requirements for the city’s administration of the reimbursement district. The administration fee shall be set by the council and included in the resolution approving the reimbursement district.
1. Amount of Fee. The administration fee may be a percentage of the total reimbursement fee expressed as an interest figure, or it may be a flat fee per unit to be added to the total reimbursement fee.
2. Payment of Fee. The developer must pay the administration fee to the city at the time the reimbursement agreement is executed. If the city is the developer, the administration fee shall be added to reimbursement fee for each property in the reimbursement district, and it shall be paid when the reimbursement fee is due pursuant to BC 3.03.100.
H. An evaluation of whether the public improvements meet or exceed city standards or other applicable standards identified by the city manager.
I. An evaluation of whether it is fair and in the public interest to create a reimbursement district for the public improvement.
J. The period of time the reimbursement district shall exist, if the period is less than 10 years.
K. An assessment of whether the developer has complied with the requirements of this chapter. [BC 3.03.030, added by Ordinance No. 4834, 1/17/23]