Skip to main content
Loading…
This section is included in your selections.

A. If development approval expires without commencement of construction, then the developer shall be entitled to a refund, with interest at the interest rate accrued in the fund account, of the impact fee paid as a condition for its issuance except that Bothell shall retain a percent of the fee to offset a portion of the costs of collection and refund. The developer must submit an application for such a refund to the director within 30 days of the expiration of the permit.

B. Any funds not expended or encumbered by the end of the calendar quarter immediately following 10 years from the date the fire impact fee was paid shall, upon application by the current landowner, be returned to such landowner with interest at the interest rate accrued in the fund account; provided, that the landowner submits an application for a refund to the city of Bothell within one year of the expiration of the 10-year period.

C. Any impact fees that are not expended or encumbered by the city in conformance with the capital facilities program (CFP) within these time limitations, and for which no application for a refund has been made within this one-year period, shall be retained and expended consistent with the provisions of this section.

D. Interest due upon the refund of impact fees required by this section shall be calculated according to the average rate received by the city on invested funds throughout the period during which the fees were retained. (Ord. 2210 § 1, 2016).