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TDR Bank
Setting the Price
The price of bank-issued transfer of development rights (TDRs) will be valued to be comparable with other TDR transactions occurring in the market using location, project type and timing as the primary criteria for comparison. If there are no direct comparison available, a market analysis and recommendation will be requested.

Who determines the price of a TDR?
The designated official, as specified in the Issaquah Municipal Code, is the City administrator.

What process is used to establish the price?
Where a recent market comparable TDR exchange is available, the bank will use that value as the value of a TDR. Where no direct comparable exists, the Economic Development, Development Services and Finance departments will work with the applicant, talk with developers and King County, and propose a value to the designated official for consideration.

How long will it take the City to establish a price?
A price will be established within 14 days of the date of the written request.

What can an applicant do if he or she believes a price is unfair?
Should an applicant feel the bank has incorrectly established the value of TDRs, the applicant may submit information for further consideration. A response will be provided to the applicant within 14 days of a request for reconsideration. The designated official is under no obligation to revise the value of the bank-issued TDRs. If the applicant is dissatisfied with the outcome, TDRs may be purchased directly from property owners or from the King County TDR Program.

Issaquah Contacts
Economic Development
City Hall Northwest
1775 12th Ave. NW
P.O. Box 1307
Issaquah, WA 98027

Ph: 425-837-3450