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AN ORDINANCE relating to the Regional Affordable Housing Program; authorizing the executive to enter into interlocal agreements with the cities in King County.
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STATEMENT OF FACTS:
1. King County annually collects document recording fee surcharge revenue generated by the passage of 2002 Wash. Laws 294 (Substitute House Bill 2060) in 2002, and codified as RCW 36.22.178, to be used for affordable housing projects pursuant to an interlocal agreement with cities in King County.
2. An interlocal agreement and administrative guidelines were originally adopted by the King County council on July 21, 2003, creating the King County regional affordable housing program.
3. A regional planning process has been conducted to renew and update the 2003 Regional Affordable Housing Program Interlocal Cooperation Agreement and attached administrative guidelines, which will expire in December 2010.
BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. The King County executive is hereby authorized to enter into new agreements, substantially in the form attached to this ordinance, with the cities in King County relating to the regional affordable housing program.
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