City of Spokane

Spokane Municipal Code

***Note: Many local criminal codes can now be located under Chapter 10.60 SMC while others are now cited under the Revised Code of Washington (RCW), which was incorporated into the municipal code in 2022. (See SMC 10.58.010). Code Enforcement, including Noise Control and Animal Regulations are located in Chapters 10.62 through 10.74.

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Title 07
Chapter 07.16
Section 07.16.030
 

Title 07 Finance

Chapter 07.16 Public/Private Partnership Agreement Requirements

Section 07.16.030 Security for City Involved Financing
  1. In all circumstances in which private, for-profit, entities seek City assistance through the brokering and/or a guarantee of economic development loans, the City shall require a guaranty, collateral, letter of credit, and/or other loan securitization depending on the scope and nature of the project. The city council, by a majority vote and after a public hearing on the matter, may affirmatively waive this requirement if there is agreement not to require additional security

Date Passed: Monday, December 8, 2014

Effective Date: Sunday, January 25, 2015

ORD C35193 Section 1