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due on the last date of the Deferral Term. <br />D. Deferred Impact Fee Lien. <br />1. Applicant's Duty to Record Lien. An applicant requesting a deferral under <br />this chapter section must grant and record a deferred impact fee lien, in an amount equal <br />to the deferred impact fees, against the property in favor of the City in accordance with <br />the requirements of RCW 82.02.050(3)(c). <br />2. Satisfaction of Lien. Upon receipt of final payment of all deferred impact fees <br />for the property, the City shall execute a release of deferred impact fee lien for the <br />property. The property owner at the time of the release is responsible, at his or her own <br />expense, for recording the lien release. <br />FE. Limitation on Deferrals. Each applicant for a single-family residential <br />construction permit, in accordance with his or her contractor registration number or other <br />unique identification number, is entitled to annually receive deferrals for the first 20 single- <br />family residential construction building permits. The deferral entitlements allowed under <br />this chapter shall be limited to the first 20 single family residential construction building <br />16.28.095 Parks Impact Fcc Deferral <br />Urban Center Transit Oriented Development (TUC TOD) zoning district, fee deferrals of <br />1. The property owner must submit a technically complete building permit <br />2. Before issuance of the building permit, the property owner must submit a <br />be submitted to the City no later than December 31, 2016. <br />3. The project must be located west of the Green River and be within the TUC <br />Code. <br />- <br />'1. The project must include at I ast 100 residential units and at least 50 percent <br />5. A fee deferral agreement between the City and the property owner must be <br />executed prior to issuance of the building permit. The Mayor is authorized to execute <br />secure payment of the deferred impact fees, plus accrued interest, in the case of default <br />by the property owner. Provisions may include, but arc not limited to, a lien against <br />subject property, letter of credit and/or surety bond. <br />W: Word Processing\Ordinances\Parks Impact Fees -TMC 16.28 re-enacted strike-thru 11-6-17 <br />PM:bjs <br />28 <br />Page 10 of 12 <br />