d. Simultaneously with the first two requests for credit issuance, Developer may apply

Planning Commission · 2026-05-07 · agenda_item

This item concerns a financial process for a development project known as Smith 80. The developer can exchange TDF Credits for cash reimbursements from a paid account. These requests can be made quarterly and must include details on collected TDFs and corresponding lots or addresses. The County will issue reimbursements within sixty days if funds are available, following Prompt Payment Act rules. This process is currently under review by the Planning Commission. The scope of work involves financial tracking, documentation, and reimbursement processing. This early stage presents an opportunity for financial services, accounting, and legal professionals to engage with the developer and understand the project's financial mechanisms before they are fully established.