HomeMy WebLinkAboutORD 5428CITY OF RENTON,WASHINGTON
ORDINANCE NO.5428
AN ORDINANCE OF THE CITY OF RENTON,WASHINGTON,
AMENDING CHAPTER 9,PERMITS -SPECIFIC,OF TITLE IV
(DEVELOPMENT REGULATIONS)OF ORDINANCE NO.4260
ENTITLED "CODE OF GENERAL ORDINANCES OF THE CITY OF
RENTON,WASHINGTON,"BY ADDING A PROVISION TO MAKE
UNIFORM THE AMOUNT OF COST CONTRIBUTION TOWARD CITY
CAPITAL PROJECTS REQUIRED OF PROPERTIES FOR WHICH
FRONTAGE IMPROVEMENTS HAVE BEEN DEFERRED BY
RESTRICTIVE COVENANT.
WHEREAS,prior to December 5,2005,the City of Renton permitted the deferral of
installation of frontage improvements for certain short plats that met established criteria,upon
the recording of a restrictive covenant;and
WHEREAS,on December 5,2005,by Ordinance 5170,the City of Renton revised its
policy on allowing deferral of frontage improvements for short plats meeting established criteria;
and
WHEREAS,Ordinance 5170 eliminated the process of deferral by restrictive covenant
requiring cost contribution for improvements from future property owners,replacing this with
the requirement that the sub divider pay an up-front fee in lieu of required street improvements;
and
WHEREAS,there remain many properties with restrictive covenants recorded which
require the owners to financially participate in a City initiated capital improvement project that
provides street frontage improvements;and
WHEREAS,the costs to property owners to financially participate in these
improvements can be significantly higher than the costs sustained by current sub dividers who
pay an up-front fee in lieu of required street improvements;and
ORDINANCE NO.5428
WHEREAS,in order to make the costs of financially participating in a City capital
improvement project that provides street frontage improvements more affordable and consistent
with the costs of the fee in lieu of required street improvements;
NOW,THEREFORE,THE CITY COUNCIL OF THE CITY OF RENTON,
WASHINGTON,DOES ORDAIN AS FOLLOWS:
SECTION I.Subsection 4-9-060C.9,Fee in Lieu of Required Street
Improvements,of Chapter 9,Permits -Specific,of Title IV (Development Regulations)of
Ordinance 4260 entitled "Code of General Ordinances City of Renton,Washington,"is hereby
amended by adding a new subsection,to read as follows:
g.Cost Contribution toward a City Capital Improvement Project for
Properties in which Frontage Improvements have been deferred by
Restrictive Covenant.Where restrictive covenants have been recorded against a
property,requiring the property owner to pay their fair share of street frontage
improvements installed as part of a City capital improvement project and the City
undertakes such capital improvement project,the owners of said properties shall
pay the City an amount consistent with RMC 4-9-060C.9.d,Amount of Payment
of Fee in lieu of Street Improvements.This assessment must be paid in full
within one year following notice from the City of such assessment,or the
payment may be paid over a ten (10)year period,with three percent (3%)per
annum interest on the unpaid balance.For payment over time,the owner shall
receive a bill from the City for one-tenth (1/10 th )of the assessment plus interest.
The first yearly payment must be paid within one year following the initial notice
from the City of the assessment.Payments over time shall become a lien against
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ORDINANCE NO.5428
the property.A notice of such lien specifying the charge,the period covered by
the charge,and giving the address and property identification (PID)number shall
be filed with the office of the King County Auditor.When the payment has been
received by the City in full,a certificate of payment will be recorded with King
County.
SECTION II.
thirty days after publication.
This Ordinance shall be effective upon its passage,approval,and
PASSED BY THE CITY COUNCIL this 17th day of November
~:..;;.LJ~
Bonnie 1.Walton,City Clerk
,2008.
APPROVED BY THE MAYOR this 17th day of __N_ov_e_m_b_e_r ,2008.
~~~Dems Law,Mayor
Approved as to form:
c£.,,-.....<IIr~~.'--
Lawrence J.Warren,City Attorney
Date of Publication:11/22/2008 (summary)
ORD:1499:09/08/08:scr
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