Chapter 3.70
TEMPORARY INCENTIVES
Sections:
3.70.010 Development incentives authorized.
3.70.020 Waiver of land use fees.
3.70.030 Waiver of building fees.
3.70.040 Construction sales tax rebate.
3.70.050 Application for incentives.
3.70.060 Appeals.
3.70.070 Administration.
3.70.010 Development incentives authorized.
A. There are hereby established a variety of tax and fee waivers and rebates to serve as incentives to encourage business investment in the city of Bonney Lake and the construction of new or expanded retail commercial buildings in the city in conformance with the adopted plans and ordinance of the city. These incentives are in addition to the traffic impact fee (TIF) funding source adjustment incentive provided in Chapter 19.04 BLMC.
B. In order to qualify for the incentives provided in this chapter, the applicant must construct a new retail commercial building or expand an existing retail commercial building within any downtown core (DC), downtown mixed use (DM), or commercial (C-1, C-2, C-3) zoning district. In the case of mixed use buildings, at least 50 percent of the building space shall be devoted to retail commercial use. (Ord. 1319 § 1, 2009).
3.70.020 Waiver of land use fees.
For businesses qualifying under BLMC 3.70.010(B), 50 percent of the total city land use fees contained in BLMC 3.68.010 shall be waived at time of permit application. (Ord. 1319 § 1, 2009).
3.70.030 Waiver of building fees.
For businesses qualifying under BLMC 3.70.010(B), 50 percent of the total building permit fees contained in BLMC 15.04.072 shall be waived at time of permit application, along with 50 percent of the building plan review fees contained in BLMC 15.04.080. (Ord. 1319 § 1, 2009).
3.70.040 Construction sales tax rebate.
A. For businesses qualifying under BLMC 3.70.010(B), the business shall be entitled to a rebate of 75 percent of the city portion of the sales and use taxes collected by the city for the city portion of construction of the project, including construction materials, fixed equipment or machinery installation, up to a maximum rebate amount of $100,000. It shall be the responsibility of the applicant to document the total construction-related sales tax paid on the project.
B. At the expiration of a six-month period commencing from the date of issuance of a certificate of occupancy, the city shall determine the city of Bonney Lake portion of construction-related sales and use tax revenue received by the city during the construction of the project. Construction sales taxes received by the city for the project pursuant to this section shall then be rebated to the applicant within 60 days. (Ord. 1319 § 1, 2009).
3.70.050 Application for incentives.
Any developer or business applying for or receiving a building permit which meets the criteria set forth in BLMC 3.70.010(B) may apply to the city for the incentives established pursuant to this chapter. Said application shall be on forms provided by the city and shall be accompanied by all information and data the city deems necessary to process the application. To the extent it is authorized by law the city shall endeavor to keep all proprietary information submitted with said application confidential; provided, however, this section shall not create or establish a special duty to do so. (Ord. 1319 § 1, 2009).
3.70.060 Appeals.
Any applicant aggrieved by an action of the city concerning eligibility or computation of waivers or rebates under this chapter may file a written appeal to the city’s hearing examiner as established by Chapter 2.18 BLMC. The city hearing examiner is hereby specifically authorized to hear and decide such appeals and the decision of the hearing examiner shall be the final action of the city and subject to further appeal pursuant to BLMC 2.18.180. (Ord. 1319 § 1, 2009).
3.70.070 Administration.
The mayor is hereby authorized to develop and adopt such administrative policies, procedures, forms and interpretive guidelines deemed necessary to carry out the intent of this chapter. (Ord. 1319 § 1, 2009).