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(b) Submit a certification that the applicant has requested no more than a total of twenty <br /> deferred transportation system improvement fee requests in the calendar year within <br /> the city; and <br /> (c) Pay a non-refundable $250.00 administration fee for each unit or lot of a single <br /> development project for which the deferral of the fee is requested. Beginning January <br /> 1, 2018, and each January 1 thereafter, this fee shall be adjusted in accordance with <br /> the most recent change in the Consumer Price Index (CPI) or other official <br /> measurement of inflation used by the city. If the change in the CPI or other official <br /> measurement of inflation used by the city indicates an increase of less than one <br /> percent since the last adjustment of the fees listed herein, there shall be no increase <br /> for that year. At such time that the change in the CPI or other official measurement of <br /> inflation used by the city for one or more years indicates an increase of one percent or <br /> more since the last adjustment of the fees, the cumulative percentage increase since <br /> the last adjustment of fees. <br /> 3. The lien shall: <br /> (a) Be in a form approved and provided by the city; <br /> (b) Be signed by all owners of the property, with all signatures acknowledged as required <br /> for a deed; <br /> (c) Include the legal description, property tax account number, and address for each lot or <br /> unit the lien will encumber; <br /> (d) Be binding and subordinate on all successors in title after the recording; <br /> (e) Be junior and subordinate to a first mortgage for the purpose of construction upon the <br /> same real property granted by the person who applied for the deferral of impact fees, <br /> but in no case shall the lien be in less than second place; <br /> 4. The lien shall be recorded by the applicant, at their own expense, and a conformed copy of <br /> the recorded document shall be provided to the city prior to the issuance of the building <br /> permit that is subject to the fee for transportation improvements. <br /> 5. Each applicant eligible to defer transportation fees shall only be entitled to annually <br /> receive deferrals for no more than a total of twenty building permits within the city. <br /> 6. The applicant shall be responsible for the payment of all recording fees. <br /> 7. The deferred fee for transportation improvements shall be paid in full prior to whichever of <br /> the following occurs first: <br /> (a) Issuance of a certificate of occupancy; <br /> (b) The closing of the first sale of the property occurring after the issuance of the <br /> applicable building permit for which the fees were deferred; or <br /> (c) Eighteen months from the date of building permit issuance. <br /> 8. If the building for which the deferral of the fee for transportation improvements is <br /> requested is located within a subdivision, unit lot subdivision or short subdivision, the <br /> subdivision, unit lot subdivision or short subdivision shall be recorded prior to recording <br /> the lien for fees and issuance of the building permit. <br /> 9. After the applicant has paid all deferred fees for transportation improvements, the <br /> applicant is responsible for submitting a lien release application to the city. The applicant, <br /> at their own expense, will be responsible for recording lien releases. <br /> 10. Compliance with the requirements of the deferral option shall constitute compliance with <br /> subdivision or short subdivision conditions pertaining to the timing of the fee payment. <br /> 11. If deferred fees for transportation improvements are not paid in accordance with terms <br /> authorized by state law and this section, the City may initiate foreclosure proceedings for <br /> the unpaid impact fees and all costs associated with the collection of the unpaid fees. <br /> 12. A request to defer transportation fees under this section may be combined in one <br /> application with a request to defer school impact fees under EMC 18.44.090. <br /> 7 <br />