23.50A.126

Industrial use floor area used to qualify a project for extra floor area allowed through Sections 23.50A.120 through 23.50A.128 may be located offsite if the offsite industrial floor area is located in a new structure that meets the requirements of subsection 23.50A.120.A and is located within the same Manufacturing and Industrial Center as the proposed development gaining extra floor area. The following conditions for offsite performance shall be met. A. The offsite industrial floor area must be built concurrent with the proposed development or completed within 18 months prior to a complete application for the proposed development gaining extra floor area. B. The fee owners of the offsite performance site shall execute a deed, and shall obtain the written consent of all holders of encumbrances on the offsite performance site other than easements and restrictions, unless such release or consent is waived by the Director for good cause. The deed shall be recorded in the King County real property records. The deed shall declare the amount of industrial use floor area that is used to qualify for extra floor area, identify and describe the structure in which the offsite industrial use floor area is contained, and identify the address of the development in which the extra floor area will be gained. The industrial use floor area shall be maintained in compliance with applicable codes, so as to have an estimated minimum useful life of at least 25 years from the time of completion of the development in which extra floor area was gained, as approved by the Director. ([Renumbered from 23.50A.012.D]; Ord. 126862 , § 8, 2023.)