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17.13.110 Dedicated Account and Appropriate Use of Account.

(Amended by Ordinance No. 181669, effective January 1, 2009.) 

A.  There is created a dedicated account entitled the “Parks and Recreation SDC Account.”  All monies derived from the Parks and Recreation SDC shall be placed in the Parks and Recreation SDC Account.  Funds in the Parks and Recreation SDC Account shall be used solely for the purpose of providing capacity-increasing capital improvements as identified in the adopted Parks and Recreation SDC-CIP as it currently exists or a hereinafter amended, and eligible administrative costs.  In this regard, SDC revenues may be used for purposes which include:

1.  design and construction plan preparation;

2.  permitting;

3. land and materials acquisition, including any costs of acquisition or condemnation;

4.  construction of parks and recreation capital improvements;

5.  design and construction of new drainage facilities or streets required by the construction of parks and recreation capital improvements and structures;

6.  relocating utilities required by the construction of improvements;

7.  landscaping;

8.  construction management and inspection;

9.  surveying, soils and material testing;

10.  acquisition of capital equipment that is an intrinsic part of a facility;

11.  demolition that is part of the construction of any of the improvements on this list;

12.  payment of principal and interest, necessary reserves and costs of issuance under any bonds or other indebtedness issued by the City to provide money to construct or acquire parks and recreation facilities;

13.  direct costs of complying with the provisions of ORS 223.297 to 223.314, including the consulting, legal, and administrative costs required for developing and updating the system development charges methodologies and capital improvement plan; and the costs of collecting and accounting for system development charges expenditures.

B.  Money on deposit in the Parks and Recreation SDC Account shall not be used for:

1.  any expenditure that would be classified as a maintenance or repair expense; or

2.  costs associated with the construction of administrative office facilities that are more than an incidental part of other capital improvements; or

3.  costs associated with acquisition or maintenance of rolling stock

C.  The City may prioritize SDC-funded projects and may spend SDC revenues for growth-related projects anywhere in the City.  However, during any period of twenty years, the City shall not spend less SDC revenues for local access parks within any City parks planning sub-area than the total amount of SDC revenues collected for local access parks within that sub-area.