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to the later year of the "trading" project. The city shall not refuse to make any trade which <br /> otherwise follows the provisions of this section. The traded units shall be approved by the city <br /> council and shall take the form of amended growth management agreements. <br /> c. If no "trade" is available for a unit or units, those units shall be reallocated to the last year for <br /> which the project has an allocation. (Subsequent year unused allocations shall also be added to the <br /> last year for which the project has an allocation.) This automatic reallocation shall occur only if <br /> the year to which the units are moving has available capacity. If no capacity is available, the <br /> reallocation shall be made to the first available year following the last year of the project's <br /> allocation. This reallocation shall be nondiscretionary on the part of the council and shall be <br /> documented in a revised schedule in a project's growth management agreement. <br /> 2. For project developers seeking to move units from later years into the current year: <br /> a. Prior to September 1st of a given calendar year, a project's developer may request a reallocation to <br /> the current year of some or all of its future years' allocations by filing an application with the <br /> planning division,together with any fee which may be established. <br /> b. The city shall coordinate the transfer of units for developers seeking to move forward to the <br /> current year with the requested transfer of units to later years. To the extent not all requests to <br /> move units forward can be accommodated, the city shall seek to prorate and/or coordinate the <br /> "trades" in a manner satisfactory to all parties seeking to move forward and to future years. <br /> Transfers shall be approved by the city council and shall take the form of amended growth <br /> management agreements. <br /> c. Units successfully transferred to the current year shall be treated in all ways as current year <br /> allocations. Building permits may be secured from the date of approval until December 31st of <br /> that calendar year and at any rate. <br /> C. Developers who have current year units and do not request the units to be reallocated as of September Ist and <br /> who subsequently do not obtain a building permit prior to January I st of the following year, or where building <br /> permits lapse pursuant to the provisions of the Uniform Building Code after December 31st of the year of their <br /> allocation, shall lose their growth management approval for those units. No building permit shall be issued for <br /> such units until a new application for growth management approval has been made and a new approval granted <br /> by the city council following the procedures for initial approvals. <br /> D. The city council shall have the discretion to approve rules or procedures concerning the use, loss, trade, <br /> reallocation, and assignment of growth management approvals which vary from subsections A, B, or C of this <br /> section if it occurs as part of a project developer's development agreement or other legislative act so as long as <br /> the overall number of allowed permits do not exceed the total number assigned to the city for the current <br /> Regional Housing Needs Allocation cycle. <br /> 17.36.100 Modification to projects with growth management approval. <br /> A. Once a project has secured a growth management agreement,the project may be modified without affecting its <br /> growth management approval, subject to city council review and approval, so long as no additional units are <br /> added. Such a modified project retains its original growth management allocation. Project modifications as <br /> used in this section shall mean significant changes to a project's design, density, product type, affordability <br /> component, amenities, and other aspects which bear on its original approval. Architectural modifications, site <br /> plan changes, and other project adjustments which are characterized as "minor modifications" in the city's <br /> PUD ordinance shall not need city council review and approval to retain growth management approval. <br /> Should the modification reduce the number of units, the units eliminated shall be deducted from the project's <br /> final year's allocation. <br /> 17.36.110 Fees and exactions. <br /> A. A project developer will pay normal city development fees in effect at the time building permits are issued or <br /> at the time otherwise provided by the city ordinances or resolutions, or by agreement. <br /> B. A project developer shall pay a growth management fee in conjunction with the issuance of a building permit. <br /> Growth management fees shall be placed in a special fund applied to public projects made necessary by the <br /> cumulative effects of ongoing residential development. <br /> C. The city council may approve an increase or decrease in the growth management fees or permit a developer to <br /> provide finished public works in lieu of paying growth management or other city fees in order to achieve the <br /> Page 5 of 6 <br />