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35.107.070 Commercial office development public improvement fund—Expenditures.

WA Rev Code § 35.107.070 (2019) (N/A)
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RCW 35.107.070 Commercial office development public improvement fund—Expenditures.

(1) The city may only make expenditures from the commercial office development public improvement fund that:

(a) Are to construct the public improvement that was identified in the approved application, requesting the property tax reinvestment submitted under RCW 35.107.040 and approved under RCW 35.107.050;

(b) Transfer funding to the project applicant to construct the public improvement and transfer ownership of the public improvement to a public agency; and

(c) Meet any additional criteria established in an ordinance adopted under RCW 35.107.030.

(2) The city and the project applicant must enter into a written agreement outlining the specifics of the public improvement, associated public improvement costs, responsible parties, and any other information required by the city.

[ 2019 c 273 § 8.]

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35.107.060 Commercial office development public improvement fund—Required deposits.
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35.107.080 Ownership change in participating projects.