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AN ORDINANCE authorizing the King County executive to enter into an interlocal agreement with the city of Normandy Park to implement a regional program to transfer development rights from rural lands in King County into the city of Normandy Park.
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STATEMENT OF FACTS:
1. The Washington state Growth Management Act, codified at chapter 36.70A RCW, establishes a policy of directing growth and development into urban areas, protecting rural and resource land and encouraging the use of innovative tools like transfer of development rights ("TDR") to accomplish these outcomes.
2. The Growth Management Act encourages the conservation of productive agricultural and forest lands and the retention of rural open space to conserve fish and wildlife habitat and enhance recreational opportunities.
3. King County adopted a TDR Program in 2001 to permanently preserve rural and resource lands by transferring rural development potential into existing urban areas; since 2001, the King County TDR Program has helped to protect 141,765 acres of rural and resource lands in unincorporated King County.
4. King County has worked with the city of Normandy Park to develop a means by which rural TDRs from shoreline and near-shore properties on Vashon Island may be used to increase density within the city to achieve conservation that is important to the environmental health of the Puget Sound, while concentrating growth in the county's Urban Growth Area.
5. The city council of Normandy Park, by Ordinances 887 and 888, amended its land use code to allow the Manhattan Village Subarea to be a receiving site for King County TDRs, subject to an adopted interlocal agreement with King County that will provide the city with $350,000 in Conservation Futures Tax Levy ("CFT") funds as a critical financial incentive for the city to accept rural development rights and help the city create open space and park amenities in the city's neighborhood where TDR related development is occurri...
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