4A.10.050 Authorization for Interlocal Agreements.
A. The Executive is authorized to execute, on behalf of the County, an Interlocal agreement with a District (i.e., school district or park district) for the collection, expenditure, and reporting of impact fees, provided that such Interlocal agreement complies with the provisions of this Title. All aspects of this Title, including Interlocal agreements, must be in place prior to collection of fees.
B. The Interlocal agreement shall provide for:
1. A District to prepare its capital facilities plan consistent with Ch. 36.70A RCW.
2. A District to submit the plan or plan amendments to Pierce County for adoption as part of the County Comprehensive Plan consistent with this Title and Chapter 19C.10 PCC, provided that the plan includes all information required by Chapters 36.70A and 82.02 RCW and this Title.
C. School District Interlocal agreements shall include at least the following provisions:
1. The Interlocal agreement shall mandate that the District shall establish an Impact Fee Fund which will be composed of the various accounts, each of which shall be credited with appropriate interest. The District shall assume responsibility for all necessary accounting, investing, reporting, expending, and refunding activities associated with their Impact Fees.
2. Funds withdrawn from the Impact Fee Account for the District must be used in accordance with the provisions of PCC 4A.10.060. The interest earned shall be retained in this account and expended for the purposes for which the impact fees are collected.
3. On an annual basis, pursuant to the Interlocal agreement, each District shall prepare and submit to the County a report on the impact fees and the Impact Fee Account, showing the source and amount of all moneys collected, earned, or received, and the public improvements that were financed in whole or in part by impact fees.
4. Impact fees shall be expended or encumbered within six years of receipt, unless the Council identifies in written findings extraordinary and compelling reason or reasons for a District to hold the fees beyond the six year period. Under such circumstances, the period of time within which the impact fees shall be expended or encumbered shall be established after consultation with that District.