Gresham Oregon Fee in Lieu Agreement

• Category: Oregon Real Estate - Contracts
• State: Oregon
• City: Gresham
• Control #: OR-LR009T
• 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. Gresham, Oregon Fee in Lieu Agreement is a municipal program designed to provide incentives for affordable housing and economic development projects within the city. This voluntary agreement allows developers to make a payment in lieu of providing certain required amenities or improvements. By participating in this program, developers can contribute financially to the city's affordable housing fund or public infrastructure projects, enabling the city to address critical needs and enhance the community's overall well-being. There are several types of Gresham, Oregon Fee in Lieu Agreements that developers can choose from based on their specific project requirements and goals: 1. Affordable Housing Fee in Lieu Agreement: This agreement allows developers to provide a financial contribution to the city's affordable housing fund instead of constructing affordable housing units within their development project. This helps to address the need for affordable housing options in Gresham and supports the city's efforts to ensure a diverse range of housing opportunities for its residents. 2. Infrastructure Fee in Lieu Agreement: Under this type of agreement, developers can opt to make a monetary payment to the city in lieu of constructing certain public infrastructure improvements. These improvements may include sidewalks, roads, parks, utilities, or other community facilities that are required to accommodate the proposed development. The fees collected through this agreement help finance infrastructure projects that enhance the overall livability and functionality of Gresham. 3. Open Space Fee in Lieu Agreement: This agreement allows developers to contribute financially to the creation or enhancement of public open spaces in Gresham, instead of setting aside a portion of their development project for open space. The funds collected through this agreement support the city's efforts to maintain and improve its parks and recreational facilities, promoting a healthier and more enjoyable environment for residents and visitors alike. Overall, the Gresham, Oregon Fee in Lieu Agreement provides a flexible mechanism for developers to invest in the city's affordable housing, infrastructure, and open space needs. By participating in these agreements, developers can contribute to Gresham's growth and development while meeting their project objectives more efficiently.

Gresham, Oregon Fee in Lieu Agreement is a municipal program designed to provide incentives for affordable housing and economic development projects within the city. This voluntary agreement allows developers to make a payment in lieu of providing certain required amenities or improvements. By participating in this program, developers can contribute financially to the city's affordable housing fund or public infrastructure projects, enabling the city to address critical needs and enhance the community's overall well-being. There are several types of Gresham, Oregon Fee in Lieu Agreements that developers can choose from based on their specific project requirements and goals: 1. Affordable Housing Fee in Lieu Agreement: This agreement allows developers to provide a financial contribution to the city's affordable housing fund instead of constructing affordable housing units within their development project. This helps to address the need for affordable housing options in Gresham and supports the city's efforts to ensure a diverse range of housing opportunities for its residents. 2. Infrastructure Fee in Lieu Agreement: Under this type of agreement, developers can opt to make a monetary payment to the city in lieu of constructing certain public infrastructure improvements. These improvements may include sidewalks, roads, parks, utilities, or other community facilities that are required to accommodate the proposed development. The fees collected through this agreement help finance infrastructure projects that enhance the overall livability and functionality of Gresham. 3. Open Space Fee in Lieu Agreement: This agreement allows developers to contribute financially to the creation or enhancement of public open spaces in Gresham, instead of setting aside a portion of their development project for open space. The funds collected through this agreement support the city's efforts to maintain and improve its parks and recreational facilities, promoting a healthier and more enjoyable environment for residents and visitors alike. Overall, the Gresham, Oregon Fee in Lieu Agreement provides a flexible mechanism for developers to invest in the city's affordable housing, infrastructure, and open space needs. By participating in these agreements, developers can contribute to Gresham's growth and development while meeting their project objectives more efficiently.