Title
Approval of an Ordinance Amending the Deadline to Expend Impact Fees in Accordance with State Law
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve the ordinance amending the deadline to expend Impact Fees on second reading.
Report
Issue:
Whether to approve on second reading an ordinance amending the deadline to expend impact fees in accordance with state law.
Staff Contact:
Jonathon Turlove, Director of Park Planning and Maintenance, 360.753.8068
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
Background and analysis has not changed from first to second reading.
In 2011, the Washington State Legislature amended the statute related to impact fees (RCW 82.02.070). One of the changes allowed jurisdictions to extend the deadline by which impact fees collected must be expended from six years to ten years. Shortly thereafter, the City updated the applicable section of the Olympia Municipal Code accordingly, but several references to the six-year deadline were mistakenly overlooked. This proposed ordinance change corrects this and would make it clear that the City has ten years to expend impact fees collected.
Neighborhood/Community Interests (if known):
Staff is not aware of any communication from the public related to impact fee expenditure deadlines.
Options:
1. Approve the ordinance amending the deadline to expend impact fees on second reading.
2. Do not approve the ordinance amending the deadline to expend impact fees.
Financial Impact:
A ten-year deadline would lessen the chances the City would have to refund impact fees collected.
Attachments:
Ordinance