HomeMy WebLinkAboutRes 1846 - Public Hearing on Residential Targeted Area for Multi-Family Property Tax Exemption ProgramCity of Tukwila
Washington
Resolution No. / g La
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF TUKWILA, WASHINGTON, STATING THE
CITY'S INTENT TO CONSIDER A RESIDENTIAL
TARGETED AREA FOR THE PURPOSE OF
ESTABLISHING A MULTI- FAMILY PROPERTY TAX
EXEMPTION PROGRAM, AND SETTING THE TIME
FOR A PUBLIC HEARING TO CONSIDER THE
DESIGNATION OF THE AREA.
WHEREAS, Chapter 84.14 of the Revised Code of Washington provides for exemption
from ad valorem property taxation for eligible improvements associated with qualified
multiple -unit housing; and
WHEREAS, on November 3, 2014 the Tukwila City Council discussed a proposal to
establish a tax exemption program pursuant to RCW Chapter 84.14 and desires to consider
adopting the program; and
WHEREAS, in order to establish a tax exemption program, the City must designate one
or more residential targeted areas within which qualified projects may apply for tax
exemption; and
WHEREAS, RCW Section 84.14.040 (2) states that a governing authority may adopt a
resolution of intention to designate an area described in the resolution; and
WHEREAS, in accord with RCW Section 84.14.040 (2) the resolution must state the
time and place of a hearing to be held by the governing authority to consider the
designation of the area;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA,
WASHINGTON, HEREBY RESOLVES AS FOLLOWS:
Section 1. The City of Tukwila intends to consider designating that portion of the
Tukwila Urban Center Transit Oriented Development Neighborhood (TUC -TOD) that lies
west of the Green River and as shown on Exhibit A as a residential targeted area for the
purposes of establishing a multi - family property tax exemption program per RCW Chapter
84.14.
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Section 2. A public hearing to consider the designation of a portion of Tukwila's
Southcenter District as a residential targeted area will be held at a Committee of the Whole
meeting of the City Council on November 24, 2014. The meeting will be held at 7 :00 p.m. in
the Council Chambers at 6200 Southcenter Boulevard, Tukwila, Washington.
PASSED BY THE CITY COUNCI F THE CITY OF TUKWIL4, WASHINGTON, at
a Regular Meeting thereof this r day of OL) M bQr , 2014.
ATTEST/AUTHENTICATED:
,A
Christy ()Fla , MMC, City Clerk
APPROVED AS TO FORM BY:
Rachel Turpin, City Attorney
Quinn, Council President
Filed with the City Clerk: / 0 i-
Passed by the City Council:
Resolution Number:
Attachment: Exhibit A - Multi- Family Property Tax Exemption Residential Targeted Area
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Exhibit A
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City of Tukwila
Multi- Family Property Tax Exemption
Residential Targeted Area
-- Southcenter Plan Boundary