Common use of Administrative Process Clause in Contracts

Administrative Process. 1. Prior to issuing final building permits for projects using Regional TDR Credits to gain bonus floor area, the City shall require applicants to produce documentation issued by a participating county demonstrating ownership of the Regional TDR Credits. 2. Prior to issuing a final certificate of occupancy for projects using Regional TDR Credits to gain bonus floor area, the City shall require applicants to produce documentation issued by a participating county demonstrating extinguishment of the transferred Regional TDR credits. 3. The City shall, to the extent practical, track the total number, type, and prices paid for Regional TDR Credits extinguished in the LIPA and shall report to the County within 30 days after the end of each calendar year the number, type, and prices paid for Regional TDR Credits that have been approved by the City for transfer into the LIPA, and shall identify the specific projects involved. In addition, the City shall cooperate with the County in providing the information required for the annual report as described in Section VI. 4. The City shall use the Property Tax Allocation Revenue Value it receives from King County for eligible Public Improvements in the LIPA. 5. The City has, in consultation with the County and the Washington State Department of Transportation, developed a plan that identifies the public improvements within the LIPA to be financed using Property Tax Allocation Revenue Value, and the Plan is attached as Exhibit C to this Agreement. 6. The City agrees that it will only create other LIPAs or increase the Specified Portion after consultation with the County and only according to terms provided for in an interlocal agreement.