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File #: 18-2352    Version: 1
Type: Department Staff Report Status: Agenda Ready
File created: 9/26/2018 In control: Utilities Services
On agenda: 10/2/2018 Final action:
Title: Reserve Accounts
Indexes: Raftelis Financial Consultants, Rate Study, Reserve Accounts
Attachments: 1. Staff Report, 2. Resolution No. 87-142

Title

Reserve Accounts

Recommended Action

A summary of the recommendations contained herein is listed below:  1. Modify County Code to allow for the refund of impact fees paid, if such request is made within twenty-four months of the purchase of the Equivalent Residential Units (ERUs).  It is recommended that this modification become effective January 1, 2019; 2. Modify County Code to allow for the relinquishment of ERUs purchased during one of the voluntary assessment programs provided that the property remains undeveloped and/or service is not available within two hundred feet of the parcel. Such relinquishment shall include a refund of any impact fees paid only if service is unavailable within 200 feet of the property. Accounts shall be brought current before allowing any such relinquishment; 3. Modify County Code to allow for the relinquishment of ERUs purchased at any time if the buildout of the property under the current comprehensive plan does not allow for utilization of all ERUs affiliated with the property. Unless the ERUs were purchased within the past twenty-four months, relinquishment shall not include a refund of impact fees. Accounts shall be brought current before allowing any such relinquishment; 4. Modify County Code to accommodate the County reclaiming any ERUs wherein twenty-four months of service availability fees are past due; 5. Modify County Code to provide a 90-day amnesty period that also provides the property owner an opportunity to relinquish ERUs upon the account becoming current; and, 6. Direct staff to research the logistics of foreclosing on properties that have excessive accounts receivable balances.