Oregon Fee in Lieu of Agreement
About this form
The Fee in Lieu of Agreement is a legal document used by property owners in Oregon to address public improvement costs associated with new development. This agreement allows property owners to pay a one-time assessed fee instead of completing the required street improvements themselves. It operates on a two-tier system, assessing fees based on the classification of the street. This streamlined approach helps property owners manage their development obligations while ensuring compliance with local ordinances.
Key components of this form
- Identifies the parties involved: the City and the property owner.
- Details property description, including address and tax lot information.
- Outlines eligibility for the agreement based on distance from existing infrastructure.
- Specifies the two-tier fee structure based on street classification.
- Defines the terms of the agreement, including obligations and conditions for public facilities.
- Clarifies the process for early termination of the agreement.
When this form is needed
This agreement is typically used when a property owner plans to develop or divide land that is located beyond a certain distance from existing street infrastructure. If construction does not include immediate public improvements due to logistical or financial reasons, this form allows the owner to satisfy municipal requirements through a one-time payment instead.
Who should use this form
- Property owners in the City of Oregon who plan on developing land.
- Developers looking for alternatives to completing street improvements.
- Individuals seeking to divide property while complying with municipal codes.
How to complete this form
- Identify the parties by providing the names of the City and the property owner.
- Specify the property details, including the complete address and the assessor's map and tax lot numbers.
- Fill in the percentage rates applicable for the project costs based on street classification.
- Review and check the public facilities obligations outlined in Exhibit "C."
- Sign and date the agreement, ensuring notarization as required.
Does this form need to be notarized?
Yes, this form must be notarized to be legally valid. US Legal Forms offers integrated online notarization services that allow you to notarize your document through a secure video call, ensuring convenience and compliance without the need for travel.
Get your form ready online
Our built-in tools help you complete, sign, share, and store your documents in one place.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to provide complete property information, including address and tax lot details.
- Not specifying the correct street classification and associated fees.
- Missing signatures from all required parties or from the notary.
Why complete this form online
- Easy access to the form for quick completion and downloading.
- Editable fields to ensure accurate entry of specific property details.
- Secure storage options for legal documents.
Summary of main points
- The Fee in Lieu Agreement provides a flexible option for property owners to meet public improvement requirements.
- The agreement includes important fees based on street classification which property owners must adhere to.
- Completing this form correctly is crucial for legal compliance with local ordinances.
