During the City of Yelm’s most recent city council study session meeting on Tuesday, July 7, Todd Stancil, Yelm city administrator, claimed that the city is working on finalizing language in an ordinance to create a community revitalization funding (CRF) district in relation to Blue Fern Development’s planned 640-acre community.
Additionally, Stancil said that the City of Yelm and Blue Fern Development are still working towards a development agreement, however, he provided no specific timeline on when that contract could be finalized.
“We didn’t want to do too much with the development agreement until we knew we had a clear path in the creation of the ordinance with the CRF,” Stancil said. “We had our first meeting today, officially, with Southeast Thurston Fire. They do have to participate in this CRF, which the majority of fire districts get their money from property taxes so their impacts are different than us, for example. We met with them today with our consultant, answered a lot of their questions and gave them a lot of information.”
Stancil added that the City of Yelm feels optimistic that this is something Southeast Thurston Fire Authority (SETFA) would want to participate in. He noted that SETFA understands without their participation, the CRF won’t get created.
Stancil claimed that he expects to hear SETFA’s decision in late August or early September.
In the meantime, Stancil said Yelm is finalizing language in the ordinance, and once that’s complete, the ordinance itself will go to the City of Yelm’s bond attorney for authorization.
“Even though it’s not a bond directly through the city, it is a bond we’re participating in. Our bond attorney has to agree and sign off on that language,” Stancil said. “While that’s happening, we are going to send our draft back to Blue Fern on the development agreement. They sent us their agreement in May. We’re going to submit all of our revisions and suggestions by the middle of next week.”
Stancil added that the development agreement with Blue Fern Development is a significant document that will serve as a guiding principle to how the master planned community is fleshed out.
Additionally, Stancil said the next item that would come to council in relation to the 640-acre development would either be the development agreement or the ordinance. He noted that the ordinance cannot be brought forward to council until SETFA has signed on as a participant.