Shoreline City Hall and Council Chamber Photo by Mike Remarcke |
Shoreline City Council
Agenda
Agenda
Monday, September 30, 2019
Discussion of Ordinance No. 851 – Adopting a New Chapter 3.90 to the Shoreline Municipal Code Relating to Assessment Reimbursement Areas and Latecomer Agreements
To encourage economic growth and development in the Community Renewal Area for what is now called Shoreline Place, Council adopted Ordinance No. 705 a planned action ordinance that identified mitigation associated with development, including 11 transportation projects to support redevelopment of the area. Staff concluded there would be a benefit to the City and other developers to receive reimbursement from future developers that will utilize and benefit from the right-of-way improvements.
State law authorizes assessment reimbursement areas, sometimes referred to as “latecomer agreements.” These tools enable a property owner who has installed street or utility improvements to recover a portion of the costs for any excess benefit created by those improvements from other property owners who later develop property in the vicinity and utilize the benefit from those improvements. A prerequisite to the latecomer agreements process is having in place a specific ordinance that requires the improvements as a condition of property development. The proposed ordinance is the subject of this discussion.
There will be a Closed Session pursuant to RCW 42.30.140(4)(b) Discussing Collective Bargaining
Per 42.30.140(4)(b) Council may hold a closed session to plan or adopt a strategy or position to be taken by the City Council during the course of any collective bargaining
--Pam Cross
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