Hillsboro Oregon Fee in Lieu of Agreement

• Category: Oregon Real Estate - Contracts
• State: Oregon
• City: Hillsboro
• Control #: OR-LR004T
• Format: Word; Rich Text

Description

This "Fee in Lieu Agreement" is based on a two-tier system. Property owners will be assessed a percentage of the total project cost based upon the street classification for their property. The Hillsboro Oregon Fee in Lieu of Agreement is a program implemented by the City of Hillsboro to provide an alternative to the traditional payment of certain fees for development projects. This agreement allows developers to pay a fee in lieu of specific requirements that aim at supporting the city's growth and maintaining infrastructure. One type of Hillsboro Oregon Fee in Lieu of Agreement is the Transportation System Development Charge (SDC) Fee in Lieu. This type of agreement allows developers to contribute a specified fee instead of constructing transportation improvements, such as road widening, intersection enhancements, or traffic signal installations. The SDC Fee in Lieu helps ensure that as new developments occur, the transportation infrastructure can adequately support the increased demands. Another type of Fee in Lieu of Agreement is the Park System Development Charge (PSD) Fee in Lieu. This agreement allows developers to pay a fee instead of dedicating land for public parks within their development area. The PSD Fee in Lieu ensures that the city can provide ample park facilities and open spaces for the community. The funds collected are then used to acquire land or develop new parks and improve existing ones. The Hillsboro Oregon Fee in Lieu of Agreement also includes the Water System Development Charge (SDC) Fee in Lieu. This type of agreement allows developers to pay a fee rather than constructing or expanding water supply or treatment systems. The SDC Fee in Lieu helps maintain a sustainable and reliable water supply in Hillsboro, ensuring that the city can meet the increased water demands resulting from new development. Lastly, the Sewer System Development Charge (SDC) Fee in Lieu is another form of the Hillsboro Oregon Fee in Lieu of Agreement. This agreement enables developers to pay a fee instead of constructing or expanding sewer systems to accommodate their projects. The SDC Fee in Lieu contributes to the city's sewer infrastructure, ensuring that it can handle the increased wastewater flow resulting from new developments. In summary, the Hillsboro Oregon Fee in Lieu of Agreement offers developers the opportunity to pay a fee instead of fulfilling specific requirements related to transportation, parkland, water supply, and sewer infrastructure. This program allows for balanced and sustainable growth in Hillsboro while ensuring that the city's infrastructure can adequately support new developments.

The Hillsboro Oregon Fee in Lieu of Agreement is a program implemented by the City of Hillsboro to provide an alternative to the traditional payment of certain fees for development projects. This agreement allows developers to pay a fee in lieu of specific requirements that aim at supporting the city's growth and maintaining infrastructure. One type of Hillsboro Oregon Fee in Lieu of Agreement is the Transportation System Development Charge (SDC) Fee in Lieu. This type of agreement allows developers to contribute a specified fee instead of constructing transportation improvements, such as road widening, intersection enhancements, or traffic signal installations. The SDC Fee in Lieu helps ensure that as new developments occur, the transportation infrastructure can adequately support the increased demands. Another type of Fee in Lieu of Agreement is the Park System Development Charge (PSD) Fee in Lieu. This agreement allows developers to pay a fee instead of dedicating land for public parks within their development area. The PSD Fee in Lieu ensures that the city can provide ample park facilities and open spaces for the community. The funds collected are then used to acquire land or develop new parks and improve existing ones. The Hillsboro Oregon Fee in Lieu of Agreement also includes the Water System Development Charge (SDC) Fee in Lieu. This type of agreement allows developers to pay a fee rather than constructing or expanding water supply or treatment systems. The SDC Fee in Lieu helps maintain a sustainable and reliable water supply in Hillsboro, ensuring that the city can meet the increased water demands resulting from new development. Lastly, the Sewer System Development Charge (SDC) Fee in Lieu is another form of the Hillsboro Oregon Fee in Lieu of Agreement. This agreement enables developers to pay a fee instead of constructing or expanding sewer systems to accommodate their projects. The SDC Fee in Lieu contributes to the city's sewer infrastructure, ensuring that it can handle the increased wastewater flow resulting from new developments. In summary, the Hillsboro Oregon Fee in Lieu of Agreement offers developers the opportunity to pay a fee instead of fulfilling specific requirements related to transportation, parkland, water supply, and sewer infrastructure. This program allows for balanced and sustainable growth in Hillsboro while ensuring that the city's infrastructure can adequately support new developments.