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Current as of January 01, 2025 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Washington Revised Code Title 35. Cities and Towns § 35.107.070. Commercial office development public improvement fund--Expenditures - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-35-cities-and-towns/wa-rev-code-35-107-070/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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