Title 13 Public Utilities and Services
Chapter 13.08 Utility Cost Recovery Methods
Article III: Assessment Reimbursement Areas
Section 13.08.360 Interest on Assessment Charges
Pursuant to RCW 35.92.025, interest charges may be applied from the date of construction of the water or sewer system until the connection, or for a period not to exceed ten years, at a rate commensurate with the rate of interest applicable to the city or town at the time of construction or major rehabilitation of the water or sewer system, or at the time of installation of the water or sewer lines to which the property owner is seeking to connect but not to exceed ten percent per year.
Date Passed: Monday, March 31, 2025
Effective Date: Saturday, May 10, 2025
ORD C36654 Section 23
