RCW 53.25.040 Industrial Development Districts Authorized-Boundaries-Deletion of Land Area

• Library: Washington Statutes
• Edition: 2023
• Currency: Current through the 2023 1st Special Session
• Year: 2023
• Citation: RCW 53.25.040

(1) A port commission may, after a public hearing thereon, of which at least ten days' notice must be published in a newspaper of general circulation in the port district, create industrial development districts within the district and define the boundaries thereof, if it finds that the creation of the industrial development district is proper and desirable in establishing and developing a system of harbor improvements and industrial development in the port district.

(2)

(a) The boundaries of an industrial development district created by subsection (1) of this section may be revised from time to time by resolution of the port commission, to delete land area therefrom, if the land area to be deleted was acquired by the port district with its own funds or by gift or transfer other than pursuant to RCW 53.25.050 or 53.25.060.

(b) As to any land area to be deleted under this subsection that was acquired or improved by the port district with funds obtained through RCW * 53.36.100 or 53.36.160, the port district must deposit funds equal to the fair market value of the lands and improvements into the fund for future use described in RCW * 53.36.100 or 53.36.160 and such funds are thereafter subject to RCW * 53.36.100 or 53.36.160. The fair market value of the land and improvements must be determin...

Cite as RCW 53.25.040

History: Amended by 2015 c 135,§ 2, eff. 7/24/2015.

History: 1989 c 167 § 1; 1985 c 469 § 53; 1955 c 73 § 4. Prior: 1943 c 166 § 1; 1939 c 45 § 1; Rem. Supp. 1943 § 9709-1; RCW 53.24.010.

Note:

*Reviser's note: RCW 53.36.100 was repealed by 2015 c 135 § 5, effective January 1, 2026.