Chapter 4.40
IMPACT FEE EXEMPTIONS FOR LOW-INCOME HOUSING
Sections:
4.40.020 Low-income housing exempted.
4.40.010 Applicability.
This chapter shall apply to all impact fees charged by the city of Edgewood, without restriction as to type (i.e., school, transportation, fire, or park). (Ord. 22-630 § 1 (Exh. A)).
4.40.020 Low-income housing exempted.
A. For the purposes of this section, “low-income housing” shall have the same meaning as that provided within RCW 82.02.060 or as hereafter amended.
B. The city hereby exempts low-income housing from 80 percent of the impact fees that would ordinarily be due. In order to qualify for this exemption, the developer must record a covenant that, except as provided otherwise by this subsection, prohibits using the property for any purpose other than for low-income housing. At a minimum, the covenant must address price restrictions and household income limits for the low-income housing, and that if the property is converted to a use other than for low-income housing, the property owner must pay the applicable impact fees in effect at the time of conversion. Such covenant must be in a form acceptable to the city attorney.
C. Any claim or request for an exemption under this section shall be made no later than the time of application for a building permit. If a building permit is not required for the development, then the claim shall be made when the first development permit is applied for. Any claim not made when required by this section shall be deemed waived. (Ord. 22-630 § 1 (Exh. A)).