The arterial preservation program provides funding when program funds are matched by any other non-TIB funds as follows:
(1) If the city assessed valuation is less than one billion dollars, the matching rate is ten percent of the total project costs;
(2) If the city valuation is one billion dollars to two and one-half billion dollars, the matching rate is fifteen percent of the total project costs;
(3) If the city valuation is over two and one-half billion dollars, the matching rate is twenty percent of the total project costs.
[Statutory Authority: Chapter
47.26 RCW. WSR 13-20-087, § 479-10-370, filed 9/30/13, effective 10/31/13.]