Common use of Concurrency Reservation Clause in Contracts

Concurrency Reservation. The City’s transportation concurrency regulations, SMC 20.60.140, were adopted in accordance with the GMA (see, RCW 36.70A.060(6)(b)). Their purpose is to ensure that the City’s transportation system is adequate to serve future development at the time the development is available for occupancy without decreasing current service levels below establish minimum standards. The City has determined that development of up to 1,358 residential units and 75,610 square feet of commercial space through the year 2039 passes the concurrency test and agrees that no further concurrency review will be required. Within thirty (30) days of the effective date of this Agreement, the City shall issue a Certificate of Concurrency for Developer’s Conceptual Guide Plan, with an expiration date that is the same as the expiration date of this Agreement.

Appears in 5 contracts

Samples: Development Agreement, Development Agreement, Development Agreement

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