TenYear SDC Credit Ledger

§ 01 ·What TenYear Is

TenYear is a record-keeping and workflow tool for System Development Charge (SDC) credits. It is a web-based ledger that supports city finance staff in tracking credits, processing transfers, monitoring expirations, and generating reports. It runs alongside the City's existing systems and records.

The City remains the authoritative issuer and decision-maker for all SDC credits. TenYear does not issue, modify, or extinguish credits. The platform records decisions made by authorized City staff.

§ 02 ·Data Ownership

• All data entered by the City belongs to the City
• The City can export all data at any time in CSV format using built-in export tools
• TenYear does not sell, share, or license City data
• TenYear does not use City data for analytics, advertising, or model training
• City data is used solely to provide the ledger service

§ 03 ·What Happens if TenYear Goes Away

• 180 days written notice before service discontinuation
• Full access to the ledger and all export functions during the notice period
• Complete data export provided to the City in CSV format
• Certified deletion of City data within 30 days of termination
• The City may terminate at any time without penalty

§ 04 ·Records Retention

• Records retained for the agreement term plus 7 years, or per the City's retention schedule, whichever is longer
• Records exportable in CSV format compatible with standard archival processes
• The City can independently export records at any time to maintain its own copies

Jurisdiction-specific retention context

• Oregon: City improvement financial records require 10-year retention after substantial completion (OAR 166-200-0215). General ledger year-end records require 10-year retention. External audit reports are permanent. SDC credits themselves expire after 10 years per ORS 223.304(5).
• Washington: Financial transaction records retained per CORE schedule (v5.0, October 2024). Impact fees require separate interest-bearing accounts with annual source-and-use reporting (RCW 82.02.070). Unexpended fees must be refunded after 10 years (RCW 82.02.080).

§ 05 ·Public Records

• TenYear assists with public records requests at no charge
• Data exports provided within 5 business days of request
• The City can also fulfill requests independently using the ledger's export tools

§ 06 ·Security

§ 07 ·Cost and Terms

• Free to use, permanently. No fees, no subscription, no future payment obligations. The core Ledger is contractually committed to remain free under Section 2 of the Municipal Terms; this commitment binds any successor in the event of a change of control.
• No mandatory arbitration. Governed by the City's state law. Venue in the City's jurisdiction.
• No unilateral changes to terms. 90 days notice for material changes. City may terminate if it disagrees.
• The City is not required to indemnify TenYear.
• TenYear is an early-stage company and does not currently carry general liability, cyber liability, or errors-and-omissions insurance. Coverage will be bound prior to any paid engagement, or earlier at the City's request. Certificates will be provided to City risk management once in force.
• We are happy to work from your city's standard agreement template.

§ 08 ·Statutory Framework

SDC credit issuance and management is a statutory municipal responsibility. TenYear is designed to support, not replace, the City's authority under applicable law.

Oregon (ORS 223.297 to 223.314)

• Authority: ORS 223.297 establishes the uniform framework for SDC imposition by local governments.
• Credit requirements:ORS 223.304 requires the methodology to "provide for a credit against such fee for the construction of a qualified public improvement."
• Credit scope: Credits apply only to the improvement fee type being constructed. Excess credits may transfer to subsequent phases of the original development project.
• 10-year expiration:Credits must be used "not later than 10 years from the date the credit is given" (ORS 223.304(5)).
• Retention: City improvement financial records require 10-year retention after substantial completion (OAR 166-200-0215). Year-end general ledgers: 10 years. External audit reports: permanent.

Washington (RCW 82.02.050 to 82.02.100)

• Authority: RCW 82.02.050 authorizes cities planning under GMA to impose impact fees for system improvements.
• Credit requirements:RCW 82.02.060(5) requires ordinances to "provide a credit for the value of any dedication of land for, improvement to, or new construction of any system improvements provided by the developer."
• Separate accounts:RCW 82.02.070 requires "special interest-bearing accounts" with separate accounts for each type of public facility.
• Annual reporting:RCW 82.02.070 requires annual reports showing "the source and amount of all moneys collected, earned, or received and system improvements that were financed in whole or in part by impact fees."
• 10-year expenditure requirement: Impact fees must be spent or committed within 10 years of receipt (RCW 82.02.070). Unexpended fees are refundable (RCW 82.02.080).
• Retention: Financial transaction records per WA CORE schedule (v5.0, October 2024, WA Secretary of State Archives Division).

§ 09 ·Full Terms

Our complete Municipal Terms of Use are available at tenyear.app/legal/municipal-terms.

To discuss using your city's standard agreement template, or for any questions: