Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Credits Policy topic
No spam. Unsubscribe anytime.
Bothell faces trade-offs: accept more TDR credits for higher revenue or lower acceptance to reduce risk
Summary
Consultants told the commission the city can accept 20%–100% of its 365 TDR credits; accepting a lower share reduces initial obligations but delays or shrinks revenue eligibility, while higher acceptance increases potential revenue but raises performance thresholds and program risk.
Consultants set out the trade-offs Bothell must weigh when choosing how many of its 365 allocated TDR credits to accept.
"Bothell can choose between 20% and a 100% of the credits," Mackenzie Visser said, explaining that accepted share is pro rata to potential county revenue share. If the city accepts fewer credits (for example, 20%), it will only be eligible for that same share of the revenue pool; conversely, accepting all 365 maximizes possible revenue but requires placing more credits over time to meet program checkpoints.
The consultants emphasized the program’s performance gates: the city does not begin accruing output revenue until 25% of accepted credits are used, and there are milestone checks at years 10, 15 and 20. Commissioners debated program scale and pacing, and asked for additional charts showing the relationship between accepted-credit share, credit price, and placement pacing. Consultants committed to returning with clearer visualization of trade-offs and sensitivity to credit price changes.
