Ordinance 3396-14 - Laserfiche WebLink

B. Impact fees required by this chapter shall constitute adequate mitigation for impacts on capital facilities identified in the district's capital facilities plan; except that nothing in this chapter prevents issuance of a determination of significance under SEPA and conditioning or denial of the project based on specific adverse environmental impacts identified during project review. Section 9. Collection and transfer of fees. A. School impact fees shall be due and payable to the City by the developer at the time of issuance of residential building permits for all developments. The City may make alternative arrangements with a school district for collection of impact fees, provided payment is made prior to the issuance of residential building permits for all developments. B. Districts eligible to receive school impact fees required by this Ordinance shall establish an interest-bearing account and method of accounting for the receipt and expenditure of all impact fees collected under this ordinance. The school impact fees shall be deposited in the appropriate district account within ten(10) days after receipt, and the receiving school district shall provide the City with a notice of deposit. C. Each district shall institute a procedure for the disposition of impact fees and providing for annual reporting to the City that demonstrates compliance with the requirements of RCW 82.02.070, and other applicable laws. Section 10. Use of funds. A. School impact fees may be used by the district only for capital facilities that are reasonably related to the development for which they were assessed and may be expended only in conformance with the district's adopted capital facilities plan. B. In the event that bonds or similar debt instruments are issued for the advance provision of capital facilities for which school impact fees may be expended, and where consistent with the provisions of the bond covenants and state law, school impact fees may be used to pay debt service on such bonds or similar debt instruments to the extent that the capital facilities provided are consistent with the requirements of this title. C. The responsibility for assuring that school impact fees are used for authorized purposes rests with the district receiving the school impact fees. All interest earned on a school impact fee account must be retained in the account and expended for the purpose or purposes for which the school impact fees were imposed, subject to the provisions of Section 11 of this Ordinance. Section 11. Refunds. A. School impact fees not spent or encumbered within ten years after they were collected or such longer period as may be authorized pursuant to RCW 82.02.070(3)(b) shall be refunded 5