35.110.010 – When authorized—Investment plan.
RCW 35.110.010 When authorized—Investment plan. (1) Any city having a boundary located on Puget Sound or Lake Washington may establish, finance, and provide passenger-only ferry service, including associated services to support and augment passenger-only ferry service operation, within its boundaries. For the purposes of this chapter, Puget Sound has the same meaning as described in […]
35.107.040 – Application for a qualifying project—Requirements.
RCW 35.107.040 Application for a qualifying project—Requirements. (1) In order to approve the sales and use tax remittance and property tax reinvestment for a qualifying project under RCW 35.107.030, an owner of a qualifying project must, in coordination with the city, submit an application to the city consistent with the standards and guidelines provided in […]
35.107.050 – Application approval by administrative official or committee of the city—When authorized.
RCW 35.107.050 Application approval by administrative official or committee of the city—When authorized. (1) The duly authorized administrative official or committee of the city may approve the application if it finds that: (a) The proposed qualifying project meets the criteria as defined by the city in RCW 35.107.030; (b) The proposed qualifying project is or […]
35.107.060 – Commercial office development public improvement fund—Required deposits.
RCW 35.107.060 Commercial office development public improvement fund—Required deposits. (1) Once the city approves an application for a qualifying project to participate in a property tax reinvestment program, the city must deposit into a commercial office development public improvement fund, the equivalent of the city’s share of the ad valorem property taxation on the value […]
35.107.070 – Commercial office development public improvement fund—Expenditures.
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 […]
35.107.080 – Ownership change in participating projects.
RCW 35.107.080 Ownership change in participating projects. If a qualifying project participating in the property tax reinvestment program under this chapter changes ownership, the property continues to qualify for the reinvestment, if the new owner complies with all of the application requirements, procedures, terms, conditions, and reporting requirements under this chapter, and meets all of […]
35.107.090 – Joint legislative audit and review committee report.
RCW 35.107.090 Joint legislative audit and review committee report. (Expires December 31, 2028.) (1) The joint legislative audit and review committee must study the effectiveness of the local sales and use tax remittance and the local property tax reinvestment programs authorized in this chapter, and submit a report as provided in subsection (3) of this […]
35.107.005 – Findings—Intent.
RCW 35.107.005 Findings—Intent. The legislature finds that the cost of developing high quality, commercial office space is prohibitive in cities located outside of a major metropolitan area. The legislature finds these cities plan to locate commercial office space within those urban centers. The legislature also finds that solely planning for commercial office space within urban […]
35.107.010 – Commercial office space development area—Local sales and use tax remittance program—Local property tax reinvestment program.
RCW 35.107.010 Commercial office space development area—Local sales and use tax remittance program—Local property tax reinvestment program. A governing authority of a city may designate a commercial office space development area. Within the area, the city may: (1) Adopt a local sales and use tax remittance program to incentivize the development of commercial office space; […]
35.107.020 – Definitions.
RCW 35.107.020 Definitions. The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) “Commercial office space” means a high quality building or buildings in the local market, as determined by a city’s governing authority. High quality must be reflected in the finishes, construction, and infrastructure of the project building. […]