Section 479-05-141. What is eligible for reimbursement of right of way costs.

Only the square footage needed for the roadway is eligible to be reimbursed, unless:

(1) It is deemed by TIB to be in the best interest of the project to purchase the entire parcel;

(2) An entire parcel take is required by local resolution; or

(3) An uneconomic remnant will remain.

If after the completion of the project, the uneconomic remnant is sold, transferred, or rezoned to make it an economic remnant, the proceeds of any sale will be placed back in the local agency's appropriate transportation fund to be used for street or road improvement purposes only.

In the event the project is not built, TIB funds expended for right of way may be requested to be refunded to the board.

[Statutory Authority: Chapter 47.26 RCW. WSR 12-08-060, § 479-05-141, filed 4/3/12, effective 5/4/12; WSR 07-18-050, § 479-05-141, filed 8/30/07, effective 9/30/07.]

Chapter 47.26 RCW. WSR 12-08-060, § 479-05-141, filed 4/3/12, effective 5/4/12; WSR 07-18-050, § 479-05-141, filed 8/30/07, effective 9/30/07.