2.900.060 Recording.
Financing for qualifying improvements will be repaid to a capital provider and secured by a county lien assigned to a capital provider for all the administrative aspects of billing, collecting, and enforcing the lien.
In accordance with RCW 36.165.050, the executive, or their designee, shall record each lien in the real property records of the county. The recording must include:
(1) The legal description of the eligible property;
(2) The assessor’s parcel number of the property;
(3) The grantor’s name, which must be the same as the property owner on the assessment agreement;
(4) The grantee’s name, which must be Snohomish County;
(5) The date on which the lien was created;
(6) The principal amount of the lien;
(7) The terms and length of the lien; and
(8) A copy of the assessment agreement between the county and the property owner.
The executive, or their designee, shall also record the assignment of the lien from the county to the appropriate capital provider. (Added by Ord. 21-097, Dec. 15, 2021, Eff date Dec. 26, 2021).