Title
Approval of Ordinance Amending the Impact Fees Ordinance to be Consistent with State Law
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve on second reading the ordinance amending OMC 15.04.120 to extend the amount of time the City has to expend or encumber impact fees from six years to ten years, in accordance with state law.
Report
Issue:
Whether to approve an ordinance amending OMC 15.04.120 to extend the amount of time the City has to expend or encumber impact fees from six years to ten years, in accordance with state law (RCW 82.02.070).
Staff Contact:
Tim Smith, Principal Planner, Community Planning & Development, 360.570.3195
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
Background and analysis has not changed from first to second reading.
This Ordinance is to amend OMC 15.04.120 to be consistent with RCW 82.02.070, which was amended to allow a city a maximum of ten years to expend or encumber impact fees instead of the previously allowed six years.
Neighborhood/Community Interests (if known):
None known.
Options:
1. Approve the proposed Ordinance to extend the amount of time the City has to expend or encumber impact fees from six years to ten years, in accordance with state law.
2. Do not approve the proposed Ordinance
Financial Impact:
The City would have additional time to expend collected impact fees.
Attachments:
Ordinance