Drafter
Clerk 08/16/2016
Title
AN ORDINANCE relating to school impact fees; and amending Ordinance 11621, Section 114, and K.C.C. 21A.43.050.
Body
BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Findings:
A. Chapter 241, Laws of Washington 2015, amending RCW 82.02.050, requires local jurisdictions collecting impact fees under the Growth Management Act to adopt and maintain a system for the deferred collection of impact fees for single-family detached and attached residential construction. The deferral collection systems are required to be in place by September 1, 2016.
B. Because the county already has a deferral process in place for transportation impact fees and does not collect parks or fire impact fees, the only impact fees for which the county needs a deferred collection system are school impact fees.
C. Chapter 241, Laws of Washington 2015 provides an option that allows deferral of impact fee collection to final inspection of single-family detached and attached residential construction. This option counters upward pressure on new home prices by reducing the builders' financing costs of school impact fees, while retaining assurances that impact fees will be timely paid to support school infrastructure construction.
D. In accordance with Chapter 241, Laws of Washington 2015, applicants are entitled to receive twenty impact fee deferrals per year. An applicant will be identified by the applicant's contractor registration number.
E. For applicants seeking impact fee deferral, Chapter 241, Laws of Washington 2015 requires recording of a deferred impact fee lien against the property, in favor of the county, in the amount of the deferred fee.
F. Deferred fees in all cases must be paid no later than eighteen months after a building permit is issued in accordance with Chapter 241, Laws of Washington 2015.
SECTION 2. Ordinance 11621, Section 114 and K.C.C. 21A.43.050 are each hereby amended to read as follows:
A. In school districts w...
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