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• Washington's vesting statute provides that a complete preliminary plat or short-plat application <br /> is considered under the subdivision, zoning, and other land-use-control ordinances in effect when <br /> the complete application is submitted. <br /> • KCC 17.13.030(2) addresses receiving-site development proposals that vest. It does not provide <br /> that the receiving site vests at the time the TDR certificate is created. <br /> • The code in effect at the time a complete receiving-site application is submitted is the code that <br /> governs that application. <br /> • When a receiving-site application is received, the sending-site transaction has already occurred. <br /> That history is important in establishing the validity and quantity of the TDR credits. Those <br /> credits do not fluctuate with later code changes. <br /> • An older certificate does not carry the older code with it. It carries the TDR credit. When the <br /> holder of that certificate submits an application for a receiving site, that is a new <br /> application/project that will vest to the code in effect at the time of the completed application. <br /> B. Takings Exposure and Transition Issues if the Program Is Repealed <br /> Legal review: <br /> • Repealing or substantially changing the TDR program could create a takings or other legal <br /> claims or exposure if the action destroys or substantially impairs the value associated with <br /> outstanding certificates. <br /> • The nature and degree of that exposure may be mitigated by adopting a"legacy certificate" <br /> provision that provides a mechanism for using such certificates. The County could amend or <br /> implement code changes to govern the future use of outstanding certificates. <br /> 4. Relationship to Work Plan Options <br /> If the Board selects either option presented, outstanding certificates should be specifically addressed as <br /> part of the legislative action. The Board may consider transitional or"legacy certificate"provisions to <br /> address the use or value of previously issued certificates and reduce potential legal exposure. The <br /> appropriate mechanism should be determined based upon the legal status of the outstanding certificates, <br /> applicable TDR documents, and the regulatory changes ultimately adopted. <br />