April 9, 2013

Plat Extension Bill Just Passes Washington Senate

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The Washington Senate just unanimously passed House Bill 1074  (47 for, 2 absent).  The Senate did not amend the bill.  It now moves to the Governor’s desk for signature.  We will keep you posted on when the Governor signs the bill and when it becomes effective.

As previously discussed here and here on this blog, this bill extends plats up to a maximum of ten years.  Unlike previous bills it applies to plats not only in city limits, but also in unincorporated areas of a county.  This is terrific news for the housing industry that is beginning to show signs of a lot shortage.  Allowing plats to continue forward should alleviate some of the lot shortage pressure as new plats begin working their way through the entitlement process.

For more information on this topic, please contact marketing@jordanramis.com or call (888) 598-7070.


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