Title 12 Public Ways and Property
Chapter 12.13 Road, Street, and Highway Transportation Project Cost Recovery
Article I. Private Project Cost Recovery – Latecomer Agreements
Section 12.13.080 Term of Agreement
No latecomer agreement can have a term longer than fifteen years, except that the agreement may provide for an extension of the reimbursement period for a time not to exceed the duration of any moratorium, phasing ordinance, concurrency designation, or other governmental action that prevents making applications for, or the approval of, any new development within the benefit area for a period of six months or more. Upon the extension of the reimbursement period, the agreement must specify the duration of the agreement extension and must be filed and recorded with the county auditor. Property owners who are subject to the reimbursement obligations shall be notified by the City of the extension.
Date Passed: Monday, March 31, 2025
Effective Date: Saturday, May 10, 2025
ORD C36653 Section 8
