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built because of concerns about whether the project can be completed in time for it "to <br />pencil" for the developer, and the developer's lender. <br />In our view, Mr. Tabor is correct that a major reason for concern about the lack of <br />predictability results from the fact that the BSIP process involves an administrative review <br />of complex topics based on municipal code standards. The application of those objective <br />standards in a technical administrative review helps to provide predictability. <br />However, when the Development Agreement process is added to the mix, it changes the <br />review from being entirely administrative, to a process before the City Council. <br />The costs and operational impacts of a duplicative and unnecessary Development Agreement <br />requirement do not fall solely on project applicants. They also impact city staff (at a time when <br />obtaining/retaining qualified planning, development and public works professionals is a <br />significant challenge for cities). Stated simply: Having an additional requirement for a <br />Development Agreement also impacts the time of staff and City Council, with little benefit, if any, <br />for the city, or its stakeholders. <br />For these reasons: <br />• We support the staff recommendation to a eliminate the duplicative and unnecessary <br />requirement for a Development Agreement when there is a Binding Site Improvement <br />Plan, and <br />• We want to express our appreciation for the City taking the initiative to bring this <br />recommendation forward to the Planning Commission. There is no magic wand for <br />wringing unnecessary and unproductive costs out of the development -review process. <br />It is a long series of sometimes tedious small steps. But, cumulatively, over time, they can <br />reform our permitting processes in ways that improve the likelihood cities will not only <br />"accommodate" housing consistent with RCW 36.70A.020(4), but do so in a way that <br />makes housing affordable for "all economic segments" of the population. <br />Thank you for the opportunity provide these public hearing comments of record. <br />Please do not hesitate to let me know if you have any questions, comments, or concerns. <br />Sincerely, <br />SEATTLE KING COUNTY REALTORS® <br />Sam Pace, Housing Specialist <br />Sam@SaimPace.coim • (253) 569-2663 <br />cc: Taylor Shanaman, Director of Governmental & Public Affairs <br />4 <br />