39.114.040 – Notice.
RCW 39.114.040 Notice. The local government designating the increment area must: (1) Publish notice in a legal newspaper of general circulation within the jurisdiction of the local government that describes the public improvements, describes the boundaries of the increment area, and identifies the location and times where the ordinance and other public information concerning the […]
39.114.050 – Apportionment of taxes.
RCW 39.114.050 Apportionment of taxes. Apportionment of taxes shall be as follows: (1) Commencing in the calendar year following the passage of the ordinance, the county treasurer shall distribute receipts from regular property taxes imposed on real property located in the increment area as follows: (a) Each taxing district shall receive that portion of its […]
39.114.060 – General indebtedness—Security.
RCW 39.114.060 General indebtedness—Security. (1) A local government designating an increment area may incur general indebtedness, and issue general obligation bonds or notes to finance the public improvements and retire the indebtedness, in whole or in part, from tax allocation revenues it receives. (2) The general indebtedness incurred under subsection (1) of this section may […]
39.112.010 – Definitions.
RCW 39.112.010 Definitions. The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) “Assessed value” means the valuation of taxable real property as placed on the last completed assessment roll. (2) “Bond” means a bond, note, or other evidence of indebtedness, including but not limited to a lease-purchase agreement […]
39.112.020 – Conditions for using state land improvement financing.
RCW 39.112.020 Conditions for using state land improvement financing. A city may finance public improvements using state land improvement financing subject to the following conditions: (1) The city has adopted an ordinance designating a state land improvement financing area within its boundaries and specified the public improvements proposed to be financed in whole or in […]
39.112.030 – Procedures for creating a state land improvement financing area.
RCW 39.112.030 Procedures for creating a state land improvement financing area. Before adopting an ordinance creating the state land improvement financing area, a city must: (1) Provide written notice of a public hearing to each taxing jurisdiction that levies regular property taxes in the state land improvement financing area, publish notice of the public hearing […]
39.112.040 – Public notice—Notice to officials.
RCW 39.112.040 Public notice—Notice to officials. The city must: (1) Publish notice in a legal newspaper of general circulation within the state land improvement financing area that describes the public improvement, describes the boundaries of the state land improvement financing area, and identifies the location and times where the ordinance and other public information concerning […]
39.112.050 – Limitations on state land improvement financing areas.
RCW 39.112.050 Limitations on state land improvement financing areas. A state land improvement financing area is subject to the following limitations: (1) A state land improvement financing area is limited to contiguous tracts, lots, pieces, or parcels of land without the creation of islands of property not included in the state land improvement financing area. […]
39.110.090 – Bonds—Payment source—Disclosures—Proceeds not public money—Contracting.
RCW 39.110.090 Bonds—Payment source—Disclosures—Proceeds not public money—Contracting. (1) Bonds issued by an authority established under this chapter are not considered to constitute a debt of the state, of the municipality, or of any other municipal corporation, quasi-municipal corporation, subdivision, or agency of this state or to pledge any or all of the faith and credit […]
39.110.100 – Financing documents with borrowers—Trust—Trust agreement.
RCW 39.110.100 Financing documents with borrowers—Trust—Trust agreement. (1)(a) An authority may enter into financing documents with borrowers regarding bonds issued by the authority that may provide for the payment by each borrower of amounts sufficient, together with other revenues available to the authority, if any, to: (i) Pay the borrower’s share of the fees established […]