Allows owners of residential properties being constructed or improved for resale to request a voluntary lien to defer paying the Traffic, School and Park Impact Fees until a property is sold - but no later than 18 months from the date of building permit issuance, whichever comes first.
Allows owners of residential properties in unincorporated Pierce County to request a voluntary contractual lien to defer paying Sewer Connection Charges until a property is sold - but no later than 2 years from the date of sewer service permit issuance, whichever comes first. It also allows large job-producing developments (e.g. with 25 or more full-time employees on-site) to amortize their Sewer Connection Charges for up to 15 years.
This ordinance revised the timing of payment of park, school and traffic impact fees and allows as an option deferral of impact fees to a later date in the development process. Applicants must request deferral of fees at time of application.
When applying for a building permit or a sewer service permit, there is an upfront cost to defer, which includes a non-refundable Lien Administrative Fee of $250 and a Lien Recording Fee of $103.50 for first page and $1.00 for each additional page. The lien document is three pages total. More information is available on the Auditor's Recording Fee page. Please note, there is a 3% annual interest charged.