3.105.210 Single-family residential deferral program.
An applicant for a building permit for a single-family detached or attached residence may request a deferral of the full TrIF payment until final inspection or 18 months from the date of original building permit issuance, whichever occurs first. Deferral of TrIFs are considered under the following conditions:
A. An applicant for deferral must request the deferral no later than the time of application for a building permit. Any request not so made shall be deemed waived.
B. For the purposes of this deferral program, “single-family residence” means a permit for a single-family attached or detached residence as defined as a “one-family dwelling” in LMC 21.02.295.
C. To receive a deferral, an applicant must:
1. Submit a deferred TrIF application for each single-family attached or detached residence for which the applicant wishes to defer payment of the TrIFs;
2. Pay the applicable administrative fee prior to the issuance of the building permit;
3. Grant and record at the applicant’s expense a deferred TrIF lien in a form approved by the city against the property in favor of the city in the amount of the deferred TrIF that:
a. Includes the legal description, tax account number, and address of the property;
b. Requires payment of the TrIFs to the city prior to final inspection or 18 months from the date of original building permit issuance, whichever occurs first;
c. Is signed by all owners of the property, with all signatures acknowledged as required for a deed and recorded in Snohomish County;
d. Binds all successors in title after the recordation; and
e. Is junior and subordinate to one mortgage for the purpose of construction upon the same real property granted by the person who applied for the deferral of TrIFs.
D. The amount of TrIFs deferred shall be determined by the fees in effect at the time a complete building permit application is filed.
E. The applicant may pay the deferred amount early or in installments, with no penalty for early payment.
F. The city shall withhold final inspection until the TrIFs have been paid in full. Upon receipt of final payment of TrIFs deferred under this section, the city shall execute a release of deferred TrIF lien for each single-family attached or detached residence for which the TrIFs have been received. The city shall be responsible for recording the lien release.
G. The extinguishment of a deferred TrIF lien by the foreclosure of a lien having priority does not affect the obligation to pay the TrIFs as a condition of final inspection.
H. If TrIFs are not paid in accordance with the deferral and in accordance with the term provisions established herein, the city may institute foreclosure proceedings in accordance with Chapter 61.12 RCW.
I. The city shall collect an administrative fee from the applicant seeking to defer the payment of TrIFs under this section as provided in Chapter 3.104 LMC. (Ord. 3211 § 7, 2016)