NEWBERG, OR – A new food cart pod in the works downtown passed an initial hurdle last week as the Newberg City Council signed off on a loan that would effectively space out nearly $11,000 in system development charges (SDCs).
Rick Condon, owner of the Bite of Newberg, said last week that the loan agreement makes the SDCs – and being able to pay them over about five years – more manageable as he makes significant upgrades to the property at 910 E. First St.
“We’re just moving forward,” he said.
The food cart pod will occupy the southern part of the former Newberg Park & Sell lot, which had been around for more than 25 years before the owners shut down the business earlier this summer. The larger parking lot on the north side of First Street has been rented by George Fox University to serve as a parking lot for students commuting to Newberg and saw use beginning last week.
The council approved a loan agreement that will temporarily cover $10,962 in SDCs and gives Condon about five years to pay back the full cost of those fees at an interest rate of 1.45 percent.
The council approved the agreement with little discussion in a package of other items on its consent agenda Thursday evening.
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