Speaking of a 25 foot height restriction (which would replace the present 35 foot rule if zoning laws are changed):
A) is there any precedence in Wa sate law for doing this when current zoning laws have been in effect for 30 years, and changes would certainly benefit one group (owners who currently have a view) at the expense of another group (those who may have planned to build up above 25 feet to get a view, but would now be prohibited from doing so).... assuming view=increased property value??
B) if so, are property owners entitled to compensation for loss of property value, loss of use of ‘air space’, or loss of potential ‘view’?? Is this zoning change considered a form of ‘eminent domain’, or perhaps a ‘taking’ (legal term)? or is it just what is known as a ‘police action’, another legal term, which confers certain rights to municipalities to regulate zoning however they please with no compensation due as a result.
Are there any real estate lawyers out there who can offer an opinion? Sea lawyers? It just seems to me if you buy a property with certain expectations of what you can do with it; spend years paying off the mortgage and taxes, then find the city coming along with zoning changes that affect your land potential and/or value; either the rule changes are not fair (ie, illegal, and will eventually be rescinded by court action), or the property owner is due compensation. From where I’m sitting, the play just plain doesn’t look like a fair ball…
Any takers?