§ 36.89.120. Storm water control facilities -- Annexation, incorporation of area by city or town -- Imposition of rates and charges by county
Whenever a city or town annexes an area, or a city or town incorporates an area, and the county has issued revenue bonds or general obligation bonds to finance storm water control facilities that are payable in whole or in part from rates or charges imposed in the area, the county shall continue imposing all portions of the rates or charges that are allocated to payment of the debt service on bonds in that area after the effective date of the annexation or official date of the incorporation until: (1) The debt is retired; (2) any debt that is issued to refinance the underlying debt is retired; or (3) the city or town reimburses the county amount that is sufficient to retire that portion of the debt borne by the annexed or incorporated area. The county shall construct all facilities included in the storm water plan intended to be financed by the proceeds of such bonds. If the county provides storm water management services to the city or town by contract, the contract shall consider the value of payments made by property owners to the county for the payment of debt service.
The provisions of this section apply whether or not the bonds finance facilities that are geographically located within the area that is annexed or incorporated.
[1993 c 361 § 1.]
Sections: Previous 36.89.060 36.89.062 36.89.065 36.89.080 36.89.085 36.89.092 36.89.093 36.89.094 36.89.100 36.89.110 36.89.120 36.89.130 36.89.900 36.89.910 36.89.911 NextLast modified: April 7, 2009