6. 25-1555 Action to Amend Section 17.35.080 of the Santa Clara City Code to temporarily authorize a deferral for the payment of park-in lieu fees of residential developments from building permit to certificate of occupancy or final building inspection, subject to certain conditions and to bring the code into compliance with state law and approve a standard form Park In-Lieu Fee Deferral Agreement.
This Action to allow deferred park-in lieu fees should not go forward without 1) a maximum deferral period, at which time fees are due if not paid earlier (6 months after project end? 1 year?); 2) added interest, though perhaps low - say 2.5 to 3 % annually.
This Action to allow deferred park-in lieu fees should not go forward without 1) a maximum deferral period, at which time fees are due if not paid earlier (6 months after project end? 1 year?); 2) added interest, though perhaps low - say 2.5 to 3 % annually.