Laserfiche WebLink
future upon the expiration of payment extension agreements. Making the total amount of funds <br />collected approximately $41,615,996.25. <br />Finally, page four delineates the accounts that show the amount of development rights owned by <br />private owners. The accounts total amount to 367,798 square feet and 189 units. Each developer <br />has a period of time to sell or use the development rights or they will lose them. The City imposes <br />a useful life fee on certain private owners. The fee is generally around $10,000.00 per year. <br />ATTACHMENTS: <br />• Resolution <br />• Transfer Development Rights Account <br />Agenda Item No.10X <br />Date 9/17/2009 <br />