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HomeMy WebLinkAboutCAP 2016-11-14 COMPLETE AGENDA PACKETCity of Tukwila Comm unity Affairs & Parks Committee O De'Sean Quinn, Chair O Kathy Hougardy O Thomas McLeod AGENDA Distribution: Recommended Action D. Quinn C. O'Flaherty K. Hougardy R. Turpin T. McLeod L. Humphrey J. Duffle R. Eaton D. Robertson N. Gierloff Mayor Ekberg B. Giberson D. Cline D. Speck MONDAY, NOVEMBER 14, 2016 — 5:30 PM HAZELNUT CONFERENCE ROOM (formerly known as CR #3) at east entrance of City Hall Item Recommended Action Page 1. PRESENTATION(S) 2. BUSINESS AGENDA a. A resolution accepting a land donation. a. Forward to 11/28 C.O.W. Pg.i Robert Eaton, Parks & Recreation Manager and 12/5 Regular Mtg. b. An ordinance updating the rental license requirements b. Forward to 11/28 C.O.W. Pg.13 to match the fee resolution and require proactive pest and 12/5 Regular Mtg. control. Nora Gierloff, Deputy Community Development Director c. A resolution authorizing study of the Landscape c. Forward to 11/28 C.O.W. Pg.27 Conservation and Local Infrastructure Program and 12/5 Regular Mtg. (LCLIP). Consent Agenda. Nora Gierloff, Deputy Community Development Director d. Affordable housing legislation: d. (1) An ordinance reducing development and land use (1) Forward to 11/28 C.O.W. Pg.85 fees for certain affordable housing projects. and 12/5 Regular Mtg. (2) An ordinance to provide an impact fee deferral (2) Forward to 11/28 C.O.W. Pg.97 process for single - family residential construction. and 12/5 Regular Mtg. Nora Gierloff, Deputy Community Development Director, and Bob Giberson, Public Works Director. e. Policy discussion regarding expansion of the e. Committee consideration/ Pg.113 Multi - Family Tax Exemption program (MFTE). decision. Nora Gierloff, Deputy Community Development Director f. Developer selection for motel site. f. Forward to 11/14 C.O.W. Pg.121 Derek Speck, Economic DevelopmentAdministrator and 11/21 Regular Mtg. 3. ANNOUNCEMENTS 4. MISCELLANEOUS Next Scheduled Meeting: Monday, November28, 2016 �. The City of Tukwila strives to accommodate those with disabilities. Please contact the City Clerk's Office at 206 - 433 -1800 ( TukwilaCityClerk @TukwilaWA.gov) for assistance. City of Tukwila Allan Ekberg, Mayor INFORMATIONAL MEMORANDUM TO: Community Affairs and Parks Committee FROM: Rick Still, Parks & Recreation Director BY: Robert Eaton, Parks & Recreation Manager CC: Mayor Ekberg DATE: November 9, 2016 SUBJECT: Resolution Accepting Land Donation ISSUE Land donation at intersection of South 128th Street and 3711 Avenue South BACKGROUND In 2015, the City was approached by a family wishing to donate a parcel of land, approximately 16,250 square feet (0.37 acres). The land is heavily vegetated with several mature trees and an intersection point for two tributaries of the Riverton Creek merging into one (maps attached). This item was presented to both the Park Commission and Community Affairs and Parks Committee last year. The Committee authorized staff to proceed with this and bring it back when details are finalized along with a draft resolution to work through the full council process. After completion of the details for accepting the land donation this item was discussed at the October 12, 2016 Park Commission meeting and the Commission unanimously supported recommending the acceptance of this land donation to the City Council. DISCUSSION The location of the land is along South 128th St. and 37th Ave S. and has potential to become a restored site with improvements made to the Riverton Creek area. The Parks, Recreation and Open Space Plan recommends the City "Continue to seek opportunities for open space acquisition to increase land/trail connectivity, access to recreation areas and land conservation functions." If the land donation is accepted an initial vegetation management plan would need to be performed. The site would be categorized as a Service Level 4, "Open Space" in the Parks Maintenance Service Levels plan and therefore would require very minimal annual maintenance. FINANCIAL IMPACT Approximately $10,000 includes Phase 1 Environmental Survey (completed) and vegetation management on site funded through the 2017 P&R CIP Land Acquisition budget after title transfer. RECOMMENDATION The Committee is being asked to approve the draft resolution and consider this item at the November 28, 2016 Committee of the Whole and December 5, 2016 Regular City Council Meetings. ATTACHMENTS A. Location Maps B. DRAFT Resolution Attachment A Land Donation Parcel (S 128th St & 37th Ave S) (Riverton Creek Map) 0 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, ACCEPTING THE DONATION OF CERTAIN REAL PROPERTY TO THE CITY OF TUKWILA BY GREGORY S. SARANTOS AND PETER SARANTOS. WHEREAS, Gregory S. Sarantos and Peter Sarantos are the owners of the property as fully described in Exhibit A attached hereto, located within Tukwila, Washington, and desire to donate this property to the City of Tukwila; and WHEREAS, the City of Tukwila's Parks & Recreation Department, through the Parks, Recreation and Open Space Plan, has identified the property as beneficial to the expansion of the publicly-owned open space; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: Section 1. The City Council hereby accepts the donation of certain real property from Gregory S. Sarantos and Peter Sarantos as detailed in the attached Exhibit A. Section 2. The City Council authorizes the Mayor to execute the appropriate documents necessary to convey title for the property (as shown in Exhibit A) to the City of Tukwila. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this day of 12016. ATTEST/AUTHENTICATED: Christy O'Flaherty, MMC, City Clerk Joe Duffie, Council President APPROVED AS TO FORM BY: Filed with the City Clerk:_ Passed by the City Council: Resolution Number: Rachel B. Turpin, City Attorney Exhibit A: King County iMaps (2) of neighborhood and parcel, and Legal Description WAWord Processing\Resolutions\Accept donation of property-Sarantos 11 -8 -16 RE:bjs Page 1 of 1 I King County Map I The information included on this map has been complted by King County staff from a variety of sources and is subject to change without notice. King County makes no representations or warranties, express or implied, as to accuracy, completeness, timeliness, or rights to the use of such information. This documentis not intended for use as a survey product. King County shall not be liable for any general, special, indirect, incidental, or consequential damages including, but not lirrited to, lost revenues or lost profits resulting from the use or misuse of the information contained on this map. My sale of this map or information on this map is prohibited except by written permission of King County. Date: 10/31/2016 Map Parcel # 7345600722 d a • • renTe • Rl 10 Exhibit A Legal Description ALL OF LOT 12 AND WEST 20 FEET OF LOT 13, BLOCK 9, RIVERTON, TOGETHER WITH THE VACATED STREET ADJACENT TO THE PROPERTY. 11 12 City of Tukwila Allan Ekberg, Mayor INFORMATIONAL MEMORANDUM TO: Community Affairs and Parks FROM: Jack Pace, DCD Director BY: Nora Gierloff, Deputy DCD Director CC: Mayor Ekberg DATE: November 7, 2016 SUBJECT: Rental Housing Update with Pest Control Requirements ISSUE Should the residential rental licensing code be updated to require proactive pest control in larger complexes? BACKGROUND Representatives from the Tukwila School District have testified at Tukwila City Council meetings that some apartments are infested with vermin, cockroaches, and bedbugs. While these complaints have not been directed to Code Enforcement staff and no actionable details have been provided, Code Enforcement reached out to the three apartment managers and owners. We found that these complexes were already doing proactive pest management. The proposed fee resolution for 2017 -18 includes new fees for late renewals, late inspections, and rentals prior to license approval. DISCUSSION The legal process for responding to a complaint of any kind in a rental unit is to first advise the tenant to complain to their landlord in writing and wait for the appropriate period of time for the landlord to respond and begin the treatment. In the case of infestations, the waiting period is 10 days. If the landlord fails to respond in that time, Code enforcement would then contact the landlord and request that they address the complaint by hiring an exterminator and providing us with a copy of their findings and the treatment plan. Since we have had the rental licensing and inspection program in full force (2011), staff has received relatively few infestation complaints - six in the past year, all of which have had a prompt response from the landlord. Two had additional issues due to tenant hoarding and lack of cooperation, but they have been resolved. One tenant was moved to another unit so that extermination could occur. The other tenant did what was necessary for an IPM company to come in to treat the unit. Overall, the required inspections of Tukwila's 3,663 rental units have had the desired effect in addressing and correcting housing conditions. Items that are identified during the inspection process are managed at the time of inspection. The adoption of the National Healthy Housing Standard requires landlords to eliminate infestations using integrated pest management (IPM) when infestations occur. This requirement is an effective tool for dealing with infestation complaints when they arise. 13 INFORMATIONAL MEMO Page 2 We recently surveyed apartment managers of the 62 complexes with 5 or more units about their pest control practices and received the following responses. #Units Proactive Contract Yearly Cost Treatment 6 No No $ 800 191 Yes Yes $ 4,000 7 Yes Yes $ 750 104 Yes Yes $ 864 114 Yes Yes $ 8`303 120 Yes Yes $ I,200 109 Yes Yes $ 3'I36 61 Yes Yes $884 51 Yes Yes $5-6,000 Notes Service only when there is a problem Multi-state Regional nnanager,aUproperbes have monthly visits with follow upifneeded 2x per month with follow upifneeded Quarterly spraying and monthly rodent control Monthly since 2OI0 lx per year in each unit and asneeded, monthly bait station checks Monthly service 745 units total in King County, monthly service It seems like standard practice for larger complexes to have a maintenance contract with a pest control service. We could require the 42 properties with 20 or more units to submit confirmation of an annual pest inspection and treatment plan prepared by a property manager or company trained in IPM as a condition of the annual rental housing license. This would cover 85% of the rental units in the City but Qnly affect 7% of the landlords. After a few years we could evaluate whether this has reduced the number of pest complaints. In September we notified the owners and managers of properties with 20 or more units, the Rental Housing Association of Washington, and the Washington Muffi-Family Housing Association that the City was considering implementing a proactive pest control requirement, see Attachment B. Responses are listed in Attachments C and D. The draft ordinance in AttachmentA also reflects procedural changes related to the fee resolution such as late fee deadlines. FINANCIAL IMPACT While there would beno direct costs, adding additional requirements to the annual licensing process wit[ increase the amount of staff time needed to process the licenses. RECOMMENDATION The Council is being asked to approve the ordinance and consider this item at the November 28, 2016 Committee of the Whole meeting and subsequent December 5, 2016 Regular Meeting to put these changes in place for the 20lT license renewals. ATTACHMENTS A. Draft Ordinance Amending TM[S.06 B. Email to Owners/Managers of20 Plus Unit Properties C. Comments from Rental Property Owners/Managers D. Comment Letter from Washington Multi-Family Housing Association ZACouncil Agenda ltems\DCD\Rental License Update PESTSTom Control |nfowomodo Attachment A M M8�v AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, AMENDING ORDINANCE NO. 2459 §11, §2, AND §8, AND ORDINANCE NO. 2281 §1 (PART), AS CODIFIED AT TUKWILA MUNICIPAL CODE SECTIONS 5.06.020, 5.06.040, 5.06.050 AND 5.06.140, TO UPDATE TUKWILA'S RESIDENTIAL RENTAL BUSINESS LICENSE AND INSPECTION PROGRAM REQUIREMENTS; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City has adopted a Residential Rental Business License and Inspection Program, pursuant to Tukwila Municipal Code (TMC) Chapter 5.06; and WHEREAS, the program has significantly improved the condition of the City's rental housing stock over the past six years; and WHEREAS, preventative pest control will help preserve housing conditions; and WHEREAS, the City has adopted an updated fee resolution for the 2017 and 2018 license years; and WHEREAS, this resolution includes new fees that should be referenced in TMC Chapter 5.06, "Residential Rental Business License and Inspection Program"; and WHEREAS, timely licensing renewals and inspections help the City provide efficient services; and WHEREAS, the ordinance amendments are procedural in nature, and are therefore categorically exempt from the State Environmental Policy Act (SEPA) review pursuant to WAC 197-11-800(19); NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY ORDAINS AS FOLLOWS: Section 1. TMC Section 5.06.020 Amended. Ordinance Nos. 2459 §1 and 2281 §1 (part) as codified at Tukwila Municipal Code (TMC) Section 5.06.020, subparagraph 1., are hereby amended to read as follows: 1. "Accessory dwelling unit" or "ADU" means a unit that meets the requirements of Table 18-6, Note 17, of TMC Title W: Word Processing\Ordinances\ResidentiaI Rental License/Inspection Program update strike-thru 10-10-16 NG:bjs Page 1 of 3 15 Section 2. TMC Section 5.06.040 Amended. Ordinance No. 2281 §1 (part), as codified at TMC Section 5.06.040, is hereby amended to read as follows: 5.06.040 Residential Rental Business License Requirement A. Every rental unit owner shall obtain an annual residential rental business license, pursuant to Title 5 of the Tukwila Municipal Code, prior to operating, leasing or causing to be leased a rental unit. Rental unit owners must file a written application annually with the Department for each rental -location to be leased. To be considered for approval, residential rental business license applications must be complete and include: t4e. 1. Completed and signed Residential Rental Business License _Application provided byitq City. 2 Aappropriate application fee as set foO in the CAy-�s fee schedule add J1, Ogj�ted �y_jq�iolutioQ­gfjhq.. City ounc. Late fees will be due for applications filed March 1st or later. 3. For rnu1!Lfami1y--b­ui1din_qs _With 20 or more units, documentation of an (IPM) Program. This could be a prop p� rt !D,gna(jr trained in IPM QLa contract with a pest _control 2gMpqflL B. Failure to obtain a residential rental business license will result in the inability to rent the unit. ' Section 3. TMC Section 5.06.050 Amended. Ordinance Nos. 2459 §2 and 2281 §1 (part), as codified at TMC Section 5.06.050, are hereby amended to read as follows: 5.06.050 Inspection Required The owner must obtain an inspection of each rental unit and submit the flnspection Checklist fe&u4s to the code official before the Unit is initially accupied by a tenant, and in subsequent years no later than Beptember 30 of the year the Certificate of Compliance Owners of complexes with 5 or more units are required to utilize a non-City inspector who meets the qualifications defined herein and who is preapproved by the City. Owners of rental properties with fewer than 5 units may utilize a City inspector or a non-City inspector, as defined herein. The City shall provide the Inspection Checklist to the owner with the application form. The code official shall issue a Certificate of Compliance for rental units that comply with applicable laws based on a submitted Inspection Checklist. If using a non-City inspector, the owner shall be responsible for making the inspection arrangements with the non-City inspector. Section 4. TMC Section 5.06.140 Amended. Ordinance Nos. 2459 §8 and 2281 §1 (part), as codified at TMC Section 5.06.140, are hereby amended to read as follows: 5.06.140 Certificate of Compliance Validity and Renewal Certificates of Compliance expire on December 31, four years from the date of issuance by the City. the--- Failure to renew the Certificate of Compliance W: Word Processing\Ordinances\ResidentiaI Rental License/Inspection Program update strike-thru 10-10-16 NG:bjs Page 2 of 3 16 every four years shall result in the non-issuance or revocation of the rental business license for that unit. Rental properties that are registered and continue to meet all the requirements of the City's Crime-Free Rental Housing Program, or other City- administered program to certify rental properties as working proactively at crime prevention, may extend their required rental inspection schedule to once every 8 years. If participation in such program is terminated due to failure to meet program requirements or for any other reason, the rental inspection shall be due at the end of the calendar year of the year of termination or 4 years from the last inspection, whichever is later. Furthermore, if a property registered in the Crime-Free Rental Housing Program, or any other City-administered program to certify rental properties as working proactively at crime prevention, is the subject of 3 or more code violation complaints verified by the City in any 6-month period for violations affecting the habitability of a residential unit, the property will revert to a 4-year inspection cycle. Section 5. Corrections by City Clerk or Code Reviser. Upon approval of the City Attorney, the City Clerk and the code. reviser are authorized to make necessary corrections to this ordinance, including the correction of clerical errors; references to other local, state or federal laws, codes, rules, or regulations; or ordinance numbering and section/subsection numbering. Section 6. Severability. If any section, subsection, paragraph, sentence, clause or phrase of this ordinance or its application to any person or situation should be held to be invalid or unconstitutional for any reason by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of the remaining portions of this ordinance or its application to any other person or situation. * Section 7. Effective Date. This ordinance or a summary thereof shall be published in the official newspaper of the City, and shall take effect and be in full force five days after passage and publication as provided by law. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this — day of 2016. ATTEST /AUTHENTICATED: Christy O'Flaherty, MMC, City Clerk APPROVED AS TO FORM BY: Rachel B. Turpin, City Attorney Allan Ekberg, Mayor Filed with the City Clerk: Passed by the City Council: Published: Effective Date: Ordinance Number: W: Word Processing\Ordinances\ResidentiaI Rental License/Inspection Program update strike-thru 10-10-16 NG:bjs Page 3 of 3 17 im Nora Gierloff From: Nora Gierloff Sent: Wednesday, September 28, 2016 12:42 PM To: Nora Gierloff Cc: Laurel Humphrey; Hoa Mai Subject: Preventative Pest Control Proposal Tukwila Property Owners and Managers, Thanks to those who responded to my survey about pest management practices. The results were: # Units Proactive Contract Yearly Cost Notes Treatment 6 No No $ 800 Service only when there is a problem 191 Yes Yes $ 4,000 ? Yes Yes $ 750 Multi -state Regional manager, all properties have monthly visits with follow up if needed 104 Yes Yes $ 864 2x per month with follow up if needed 114 Yes Yes $ 8,303 Quarterly spraying and monthly rodent control 120 Yes Yes $ 1,200 Monthly since 2010 109 Yes Yes $ 3,136 1x per year to each unit and as needed, monthly bait station checks 51 Yes Yes $5 -6,000 745 units total in King County, monthly service It appears to be standard practice for larger complexes to have a maintenance contract with a pest control service. The Tukwila City Council will be reviewing a proposal to require properties with 20 or more units to submit confirmation of an ongoing pest inspection and treatment plan prepared by a company certified to perform integrated pest management (IPM) as a condition of the annual rental housing license. After a few years we would evaluate whether this has reduced the number of pest complaints. If you have specific recommendations or concerns please get back to me by October 7th. The Community Affairs and Parks Council Committee is tentatively scheduled to consider this item at their October 24th meeting. Links to agenda materials are available the Friday before Council meetings at htt.La.e // wvwon ukwilawg.gov /c rL -council � . Nora) (�ie,rL f Deputy DCD Director City of Tukwila The City of opportunity, the community of choice. 1 Attachment B W 20 Comments on the Proactive Pest Control Proposal Michael J. Jansen, Principal Tecton Corporation: My thought on this process is there must be an issue somewhere that has an owner neglecting their responsibilities. Why not focus on this type of ownership versus adding costs to those that are taking care of the issue. Also why 20 units? A 20 unit that has no issues will be required to be under the focus while a 15 unit rat infested community will not. Address the non - complaint owners. Bryan Whiting, Manager Avalon Apartments This new requirement is a disservice to good, responsible landlords. I spray the exterior of the complex every 6 to 8 weeks, check bait boxes monthly and use AAA Pest Control and Extermination whenever there is a specific issue in the complex. I am fine with the City inspection requirement and in fact inspect all of the units every 6 months to keep on top of any problems. However the requirement to have an ongoing contract with a company is too big a burden when I am able to maintain the complex myself. Rob Cravens I see a lot of rats running around houses in the area of my complexes on S.142nd Street and also shopping areas like Bartell Drugs located at 14277 Pacific Hwy. S. I was curious what the city is doing about those pest issues? We are doing our part controlling pests at our complexes but it seems to me local business and houses in the area are not helping the situation as I don't see bait stations for rodents placed outside at those properties! Attachment C 21 22 19 October 6, 2016 NonaGiedoff Fjw'MULTI FAMILY Deputy DCDDirector H­�������� City OfTukwila 02OUSOuihcenterBoulevard Tukwila, WA Re: Pest Control in Multifamily Housing Dear Nora: T: 425,656,9077 F: 425,656.9087 Thank you for the opportunity ho provide comment on the recent proposal to require Integrated Pest Management /|PK4\certification on an annual basin with the nen(o| housing license for 20+ unit rnu|iifonoUy properties. The Washington Multi-Family Housing Association is the local affiliate of the National Apartment Association. VVe represent owners and operators of approximately 17O.00O rental units in the State ofWashington. Particularly in the City of Tukwila, we represent owners and operators of U32 units (nO separate communities. The issue of pest control came to the City ofTukvvi|o'a attention by the principal of Foster High School, in August 2015. |n her public testimony she discussed issues with her kids coming from what she described om the "slums ofTVkVvi|u" ' with bites from rats and infestation of other insects. She mentioned the high school had decontamination stations to prevent transmission of insects through students. |tio disappointing to hear children are living inhousing conditions of this type. State and local laws require pest nmanaqarnent control inrnultifarni|v Specifically the Residential Landlord-Tenant Act requires a landlord to "provide a reasonable program for the control of infestation by inseots, rodantn, and other pests at the initiation of tenancy, and except in the case of single-family reoidenma, control infestation during tenancy except where such infestation ie caused by the tenmnt." RC|VV The Tukwila Municipal Code goes further, adopting, with amendments, the International Property Maintenance Code /|PK4C>. The |PMCrequires pest free environments and requires the owner of any 2+ unit multifamily UvVe||iD0 be responsible for pest elimination on the exterior of the property. 309.1 et seq. Infestation that io caused bythe tenant within the dwelling unit but isnot contained by the occupant becomes the owner's responsibility, in part, aowell. Additional amendments t0 the |PMCbythe City of Tukwila include identifying oo insects bed bugs and lice. -[IVIC I She defined the area as the two blocks on each side of International Blvd. 8.28.020.8.v. Bed bugs and lice are not recognized by the |PMCaepests and generally are infestations that would be caused bvatenant, The Code also requires IPM programs for all nouhiharni|y buildings. 308,7. MULTI FAMILY The survey results indicate it is the standard practice for communities with HOUSING 20 and more units to maintain a pro-active treatment and o contract with 8 pest control company. They are already maintaining a reasonable pest control program as required by State |evv. #Unhs Proactive Treatment Contract 6 No No r::zs,ssnaorr 191 Yes Yes F:*z5�sss.eoo, ? Yes Yes 104 Yes Yes 114 Yes Yes 120 Yes Yes 109 Yes Yes 51 Yes Yes These communities are also professionally rnanaoed, lessening the degree to which defective conditions may exist. |tis not appropriate and does not solve any existing pest control problems ho focus on large multifamily oonnnnuniUeo when the crux of the problem exists in annaUar communities. There are existing mechanisms within the current |avv to prevent the type of pest infestation the Council is seeking t0remedy. w What problem is being addressed bv requiring e certification of w The proposal seeks h) further regulate 7%of rental properties in Tukwila. What effect will o regulation have ifS3Y6of the rental properties are not required to comply? Moreover the most effective remedy b] defective conditions and hzthose issues identified as health and safety issues in the rental inspection ordinance is for tenants to be proactive in reporting defective oonditions, including infestahon, to their rental housing providers. Rental housing providers are best equipped to remedy a defective condition when the condition ioknown. Barring tenant request to fix a defective condition, a neOt8| housing provider will not know. Fims|k/. the Community Affairs and Parks Committee any unintended War— consequences that may result from any new regulations imposed on multifamily properties. Namely increased rent due to increased regulations. VVK8FHAie committed bm working with our members to = comply with existing law and provide 8n affordable and safe living MULTI environment ho residents of the city ofTukwila. FAMILY OU���� Thank you for the opportunity t0 provide comment On this proposal. We look forward to further discussion and being a resource for the City of Tukwila on multifamily property issues, Sincerely, -�_ T:42ses59or/ --- e4zsssaeoa/ Brett Waller Deputy Director of Government Affairs Washington Multi-Family Housing Association co: City of Tukwila Community Affairs and Parks Committee 26 City of Tukwila Allan Ekberg, Mayor INFORMATIONAL MEMORANDUM TO: Community Affairs and Parks Committee FROM: Jack Pace, Community Development Director BY: Lynn Miranda, Senior Planner CC: Mayor Ekberg DATE: November 8, 2016 SUBJECT: Resolution in support of regional transfer of development rights (TDR) as part of a Landscape Conservation and Local Infrastructure Program (LCLIP) iM-11] 2 Should the Council adopt a resolution expressing support for regional Transfer of Development Rights (TDRs) and their willingness to consider, at the appropriate time, developing an interlocal agreement with King County to establish a Landscape Conservation and Local Infrastructure Program (LCLIP) that includes TDR policies? BACKGROUND History In 2014, Tukwila received a $42,060 grant to evaluate the viability of implementing LCLIP within the City. LCLIP is a state program offering cities access to a portion of their County's property tax revenue from new development for up to 25 years in return for acceptance and purchase of a certain number of development rights transferred from regional farms and forests. Cities must then use this revenue to fund infrastructure improvements that support infill growth and redevelopment. The consultant team of Forterra, ECONorthwest, and Heartland were hired to prepare the LCLIP feasibility analysis. The City Council received a full briefing on the results of the analysis at its May 26, 2015 Committee of the Whole meeting. At their July 25, 2016 meeting, the Community Affairs and Parks Committee requested a subsequent briefing from Forterra, who gave an abbreviated version of the presentation made in 2015 and encouraged the City to adopt a LCLIP. The LCLIP discussion was continued at the August 8, 2016 CAP meeting, where the Committee supported moving forward with the process of establishing a LCLIP. Findings of LCLIP Feasibility Analyses Two studies evaluated the feasibility of implementing a LCLIP program — one in 2015 funded by a grant and a more recent one in 2016 (Attachments A & B). A summary of the findings follows: 2015 Report The consultants' final report, Tukwila LCLIP.- Findings and Recommendations, discussed the two most promising opportunities for the City to pursue for "placing" TDR credits: 1) allowing developers to use a Multifamily Property Tax Exemption (MFTE) only when purchasing TDR credits; and 2) requiring developers to purchase TDR credits when asking for special dispensations through a Developer Agreement. 27 INFORMATIONAL MEMO Page 2 In the IVIFTE approach, developers would purchase TDR credits as a means to access 8 years of property tax exemptions, which is attractive to developers. In the Developer Agreement approach, the City could negotiate TDR purchase by developers for projects of a larger scale. The advantage of both approaches is that TDR credits are placed through the private market. However, there are issues that make these approaches less attractive for the City: 1) it is uncertain how many projects would buy credits for access to the IVIFTE program; and 2) the need for developer agreements in the future is uncertain, and because there is no fixed process (like an exchange rate) for establishing the amount of credits a project would acquire, TDR credit utilization is subject to negotiation. The report's recommended approach was to pursue a TDR credit placement strategy that combines private market mechanisms (i.e., IVIFTE and Developer Agreements) augmented by the City using public funds to purchase some of the specified TDR credits, if necessary, to reach the performance milestones needed to continue the LCLIP program and to continue receiving a portion of the County's property tax revenue from new development. The report's findings show that the anticipated amount of new growth, even when projected conservatively, may be sufficient to warrant participation in the LCLIP program. The report also added a note of caution, emphasizing that the actual amount of future growth or development is an important factor in the viability of a LCLIP program. To retire enough TDR credits for the program to be financially feasible, the City would need to realize significantly more growth over the 25-year study period than it has historically experienced. In addition to the amount of growth needed, success will depend on a high utilization of the IVIFTE program by multi-family residential development projects.' At that time, considering the uncertainty regarding the amount and timing of future growth, combined with the potential risk of needing to use City funds to cover a potential gap in the purchase of TDR credits, it did not seem feasible to move forward with adoption of the program. 2016 Evaluation In February 2016, the City contracted with ECONorthwest to refine the 2015 LCLIP assessment by evaluating the potential construction of a very large project - the multi-use arena in the Southcenter area. This project presented a unique opportunity to possibly negotiate the acquisition of TDR credits by the developer through the Developer Agreement that would have been prepared for the project. The arena project would have made LCLIP adoption more feasible and attractive since it would have allowed the City to retire a significant portion of its TDR credit commitment in one single, large project. The evaluation showed that using LCLIP as part of the development mitigation for the project would possibly generate between $22 and $26 million in infrastructure funding from King County. In June 2016 the City terminated the contract with ECONorthwest, as the arena construction was uncertain. Resolution Passage of the attached Resolution would be the first step in establishing a TDR/LCLIP program in Tukwila. Approval of the Resolution would notify King County of the City Council's support for regional Transfer of Development Rights (TDR) and their willingness to consider at the appropriate time, as determined by criteria established collaboratively by the City and the County, establishing a Transfer of Development Rights (TDR) Landscape Conservation and Local Infrastructure Program (LCLIP) through which developers in the City would receive development incentives in exchange for the purchase of 1 Tukwila LCLIP: Findings and Recommendations, 5.3.5 Summary, pg. 31 WP INFORMATIONAL MEMO Page 3 T[@OSfe[@b|e OeVe|OpDlert Rights originating hD0 nJr8| and resource a[e@S. and the City would receive funding for infrastructure. This resolution would also serve as notice from the City to the County that, after 180 days of the effective date, the City may hold @ public hB@hOg to consider the adoption Of Next Step If the City Council approves the Resolution, there are several actions that are required hvRCVV Chapter 39.108 that must take place for the Council to implement LCLIP. These actions include the 1) executing aOintedOC@| agreement with King County agreeing to terms for the T[}Rand infrastructure funding pnDg[@DlS; 2\ adopting an ordinance accepting an allocation of regional TC>R credits to be obtained through the Regional T[}Fl program and adopting a p|8O for development of public infrastructure to be financed by the infrastructure funding program; and 3\ adopting an ordinance identifying the Local Infrastructure Project AFe@vVhiChdeSigOateSth8 area in which property tax revenues are generated and allows the Regional TDR and infrastructure funding programs to commence. U ShOU|d be noted that the N]Dg County Council OlUSt also determine that the details Of any interoC@| agreement with Tukwila is in their best interest and achieves their goals for resource land preservation, since they will b8 relinquishing their property tax revenue tO the City. FINANCIAL IMPACT NUD8 at this time. U8 LCL|P is adopted in the future, the financial impact tOthe City will vary based on the specific policies and mechanism the City crafts in partnership with King County to implement the RECOMMENDATION Staff recommends forwarding the attached Resolution iDthe Council Of the Whole Meeting On November 28, 2O16 for discussion, then to the Regular Meeting OO December 5, 2O1G for approval or denial. Approval Of the Resolution does not commit the City tO implementing aLCL|PiO the future, but provides the County with the indication of the City's iOtBFBSt and initiates the 180-d@y OCtiC8 required before the City could adopt an LCL|P. ATTACHMENTS A. Draft Resolution B. Final Report — Tukwila LCL|P: Findings and Recommendations. May 1Q.2O15 C. Memo from Morgan Shook, ECONorthwest to Lynn Miranda. July 25, 2016 30 DRAFT A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, EXPRESSING THE CITY COUNCIL'S SUPPORT FOR REGIONAL TRANSFER OF DEVELOPMENT RIGHTS AND THE CITY COUNCIL'S WILLINGNESS TO CONSIDER, AT THE APPROPRIATE TIME, DEVELOPING AN INTERLOCAL AGREEMENT WITH KING COUNTY TO ESTABLISH A LANDSCAPE CONSERVATION AND LOCAL INFRASTRUCTURE PROGRAM THAT INCLUDES TRANSFER OF DEVELOPMENT RIGHTS POLICIES. WHEREAS, the Tukwila Comprehensive Plan contains goals to implement regional growth management strategies to help reduce sprawl, including goals that support the preservation of open space, encourage coordination with other jurisdictions, and support incentive programs to achieve these goals; and WHEREAS, the Washington State Growth Management Act ("GMA"), RCW 36.70A, establishes a policy of directing development density into urban areas and discouraging development of rural land; and WHEREAS, the GMA encourages the conservation of productive forest and agricultural lands and the retention of open space to conserve fish and wildlife habitat and enhance recreational opportunities; and WHEREAS, the GMA requires counties to adopt county-wide planning policies in cooperation with cities; and WHEREAS, by interlocal agreement, King County ("County") and the City of Tukwila ("City") adopted and ratified the Countywide Planning Policies for the County; and WHEREAS, the Countywide Planning Policies call for programs and regulations to protect and maintain the rural character of farm and forest lands and direct growth to cities and urban centers; and W:\Word Processing\Resolutions\Support for TDR and LCLIP 11-8-16 NG:bjs Page 1 of 3 31 WHEREAS, the City recognizes the importance of working with the County to reduce sprawl and protect lands important to salmon habitat, farmlands, and forestlands and other rural open space by encouraging development in designated urban centers, while funding and creating urban infrastructure necessary to foster livability in growing urban communities; and WHEREAS, inter-jurisdictional Transfer of Development Rights ("TDR") is an important tool that can help the City and the County achieve these goals; and WHEREAS, in 2011, the Washington State Legislature approved, and the Governor signed, ESSB 5253, also called the Landscape Conservation and Local Infrastructure Program ("LCLIP", RCW 39.108); and WHEREAS, LCLIP is a new tool for cities and counties to partner on a program that links regional TDR with local infrastructure financing; and WHEREAS, under LCLIP, in exchange for the City receiving TDR credits from rural and resource lands for increased urban development, the County would partner with the City to help fund City infrastructure investments and public improvements to support the new growth by sharing a portion of the County's property tax revenue with the City, and WHEREAS, the City collaborated with the County on a National Estuaries Program grant to pay for consultant studies to evaluate implementing regional TDR and the economic feasibility of LCLIP and other financing tools to fund infrastructure needed to support growth in Southcenter, Tukwila's designated urban center, and the Tukwila International Boulevard District and Tukwila Valley South areas; and WHEREAS, the consultant analyses indicated that the LCLIP tool may be useful to generate additional revenue for such infrastructure and amenities, and that the projected benefits of the LCLIP tool depend on a variety of factors and choices-, and WHEREAS, any future TDR/LCLIP interlocal agreement between the City and the County should include funding from the County for public amenities in the City's neighborhoods that accept rural development rights for greater development-, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: Section 1. The City Council supports the concept of regional Transfer of Development Rights (TDR). Section 2. The City Council supports considering, at the appropriate time as determined by criteria established collaboratively by the City and the County, establishment of a Transfer of Development Rights (TDR) Landscape Conservation and Local Infrastructure Program (LCLIP) through which developers in the City would receive development incentives in exchange for the purchase of Transferable Development Rights originating from rural and resource areas, and the City would receive funding for infrastructure. The terms of the TDR LCLIP would be specified in an interlocal agreement WAWord Processing\Resolutions\Support for TDR and LCLIP 11 -8 -16 NG:bjs Page 2 of 3 32 between the City and the County, which could be executed by the City and the County prior to the commencement of the LCLIP program so LCLIP could begin promptly at the appropriate time as determined through established criteria. Section 3. This resolution serves as notice from the City to the County that, after 180 days of the effective date, the City may hold a public hearing to consider the adoption of LCLIP, pursuant to RCW 39.108.120(1)(a). PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this day of $2016. ATTEST /AUTHENTICATED: Christy O'Flaherty, MMC, City Clerk Rachel B. Turpin, City Attorney WAWord Processing\Resolutions\Support for TDR and LCLIP 11-8-16 NG:bjs Joe Duffie, Council President Filed with the City Clerk: Passed by the City Council: Resolution Number: Page 3 of 3 33 34 36 Matt Hoffman, Nick Bratton Morgan Shook, and Erik Rundell prepared this report. Heartland LLC gratefully acknowledges the substantial assistance provided by staff at Forterra and ECONorthwest. Since forming the firm in 1984, Heartland's real estate advisory practice has been rooted in a deep understanding of the fundamental drivers of real estate economics. With experience across both the public and private realm, we offer a unique ability to blend the needs of the private sector developer /user with public sector processes and initiatives. For more information about Heartland, visit our website at www.heartlandllc.com. For more information about this report, please contact: Matt Hoffman Heartland LLC 1301 15Y Avenue, Suite 200 Seattle, WA 98101 206.682.2500 mhoffman @htland.com Tukwila LCLIP: Findings and Recommendations :911 This page intentionally left blank. Tukwila LCLIP: Findings and Recommendations i ExecutiveSummary ....................................................................................................... ES1 1 Project Overview .......................................................................................................... 1 11 Why Use TDR and LCUPinTuhwi|e ........................................................................... 1 12 Key Questions ............................................................................................................. 2 13 Report Oirganizeton.................................................................................................... 3 2 LCL|P Program Review ............................................................................................... 5 2.1 PnogiramOveniew....................................................................................................... 5 2.2 Use ofLCL|P Funds ..................................................................................................... 5 23 DetenminentsofLCUP Revenues .............................................................................. G 2.4 PnogiramFiremeworhforLCUP ................................................................................... B 3 Study Area Assessment and Growth Estimates ................................................... 11 5.1 Study AnaeContext ._________________________________11 4 TDR Bonus Provisions and Placement Approach ................................................. 21 4.1 Existing and potentie|deve|opmentbonua provisions ........................................... 21 4.2 Approach for the phvetep|ecementofTDRcnadhs ............................................... 22 5 LCL|P Revenue Testing - Scenarios ....................................................................... 25 5.1 DeflningeUPA.......................................................................................................... 25 5.2 The| impact ofDeve|opmentVeheb|es .................................................................... 2G 53 Assumptions and Revenues ..................................................................................... 26 G LCL|P Program Findings and Recommendations ................................................ 33 0.1 SummeryofFilndings ................................................................................................ 33 0.2 Recommendetio iris .................................................................................................... 34 7 Implementation Road Map ...................................................................................... 37 UEANTiA, O ---- TukwilaLCUP: Findings and Recommendations This page intentionally left blank. Tukwila LCLIP: Findings and Recommendations nil 1.1.1 Why is the City of Tukwila undertaking this study? The City of Tukwila (City) is exploring the viability of the Landscape Conservation and Local Infrastructure Program (LCLIP) for the Tukwila Urban Center (TUC) and Tukwila International Boulevard (TIB) District, collectively referred to herein as the Study Areas. The City has created a compelling vision for the Study Areas through recent planning efforts that anticipates higher levels of activity through mixed -use, high- density development. The growth and development envisioned for the Study Areas can support the City in achieving its broader community goals, such as economic development, fiscal sustainability, environmental conservation, and higher quality of life for its current and future residents. To catalyze and support growth in the Study Areas, the City will need to make substantial investments in infrastructure. While funding for these capital needs will come from a variety of sources, the City will likely need to contemplate pursuing innovative funding tools beyond those already identified to address potential funding gaps. One funding tool the City is exploring the use of is LCLIP, a form of tax increment financing. 1.1.2 What is LCLIP? LCLIP is a form of tax increment financing enacted in 2011. The program offers cities access to tax increment financing in return for their acceptance of development rights transferred from regional farms and forests. These transfers are typically conducted as private real estate transactions, but can also be conducted by cities. In exchange for the placement of development rights in LCLIP districts, the jurisdictional county (in this case King County) agrees to contribute a portion of its regular property tax to the sponsoring city for use for a defined period (up to 25 years). Cities may use this revenue to fund infrastructure improvements that support infill growth and redevelopment. The program is only available to select cities in the central Puget Sound counties of King, Pierce, and Snohomish. 1.1.3 What did the study find? . � . The analysis shows a range of situations in which LCLIP would be beneficial to the City. Even in a scenario assuming conservative growth, LCLIP could generate net revenue of $2.5 million (net present value, or $5.4 million in nominal terms) for infrastructure in Tukwila. Should the City meet its growth targets, the net revenue would increase to $5.1 million (net present value, or $10.3 million in nominal terms). Should the City exceed its growth targets, net revenue would increase to $9.5 million (net present value, or $18.2 million in nominal terms). The TUC can play a central role in the city meeting its growth targets. Following a recent rezone it has the capacity to accommodate considerable population and employment growth. The City has identified Tukwila LCLIP: Findings and Recommendations ES1 41 a range of infrastructure improvements, many involving improved access to transit, where LCLIP can finance investments that will support redevelopment. . • . .... zffnm Conditions in Tukwila at present would support use of the tool. This analysis shows that growth, even when projected conservatively, is sufficient to make LCLIP a success. At minimum the City would receive new revenue for infrastructure that it otherwise could not access and at best that revenue would exceed $41 million over the life of the program. Under such a growth scenario, the Study Areas could support approximately 13 new office projects, 11 retail projects, 18 multifamily projects, and 8 more hotels over a 25 year period. 1.1.4 What is the path forward for LCLIP? Redevelopment of the TUC with more intensive mixed use development represents a departure from historical growth patterns for Tukwila. Primarily an area centered on commerce, the new zoning reflects plans for mixed use residential growth, especially of a transit - oriented nature near the rail station. This expansion of uses represents a timely opportunity for the City to benefit from a widening market for growth to finance infrastructure investments that will support redevelopment and help the City achieve its growth targets. Meanwhile, the aggregation of properties along Tukwila International Boulevard creates another area in the City that could both support the City's use of LCLIP (either through incentive zoning or developer agreements) and also benefit from public improvements. Finally, while uncertain, the build out of Tukwila South or the emergence of a single large project could result in revenues for the City at or beyond the upper end of the ranges projected in the analysis. There are three approaches the consultant team identified for proceeding with LCLIP, of which the most promising paths forward involve adoption of a LCLIP program. The current analysis shows that while (1) even with conservative growth estimates the City may net $2.5 million (NPV, or $5.4 million nominal) in new revenue, and (2) a simple and desirable market mechanism can drive the use of TDR, uncertainty remains around what demand for redevelopment will be in the Study Areas. The risk of taking no action in the near term, however, is that the City misses the opportunity to capture value from redevelopment until after the process has already started, thereby passing up revenue from LCLIP. Tukwila LCLIP: Findings and Recommendations ES2 42 i' In 2014 the City of Tukwila applied for and won a grant through the Environmental Protection Agency's National Estuary Program, administered by the Washington State Department of Commerce. This grant funded a study exploring the viability of the Landscape Conservation and Local Infrastructure Program (LCLIP) for the Tukwila Urban Center (TUC) and Tukwila International Boulevard (TIB) District, collectively referred to herein as the Study Areas. The City has created a compelling vision for the Study Areas through recent planning efforts that envisions higher levels of activity through mixed -use, high- density development. The growth and development envisioned for the Study Areas can support the City in achieving its broader community goals, such as economic development, fiscal sustainability, environmental conservation, and higher quality of life for its current and future residents. In order to catalyze and support growth in these areas, the City will need to make substantial investments in infrastructure. While funding for these capital needs will come from a variety of sources, the City will likely need to contemplate other innovative funding tools to address potential funding gaps. The City is exploring the use of the LCLIP, a form of tax increment financing (TIF) enacted in 2011 (RCW 39.108). This program allows cities to access incremental county property tax revenues to fund and finance public improvements within designated LCLIP districts of their choosing. In exchange for receiving a portion of county revenues, cities agree to accept a number of regional development rights of their choosing. This program creates a new revenue stream for cities to help pay for infrastructure and is designed to be flexible to suit a wide range of city needs and objectives. This report provides a series of findings and recommendations for a potential LCLIP program for the City based on: • LCLIP legislation and program features. • The City's incentive zoning and TDR code. • Historical development trends, projections on future growth and estimates of TDR use. • Estimates of LCLIP funding potential. 1.1 Why Use TDR and LCLIP in Tukwila The Puget Sound Regional Council's (PSRC) Vision 2040 is the region's strategy for accommodating growth through 2040. The strategy focuses on concentrating population and employment growth in regional growth centers, such as the Study Areas, that are best suited for growth through more efficient land use patterns. Individual cities implement the goals of Vision 2040 through their comprehensive plans and zoning regulations in accordance with the Growth Management Act (GMA).1 1 Washington State Department of Commerce. Website accessed March 2015. Tukwila LCLIP: Findings and Recommendations 1 43 The GMA encourages "innovative land use management techniques" such as transfer of development rights (TDR) to help local governments achieve their planning goals.z TDR programs are a tool for implementing growth and planning goals that goes beyond traditional zoning by giving landowners other real estate options, by protecting resource lands from development in perpetuity, and by engaging the market to generate private funding for land conservation. As mandated by VISION 2040 and by the King County Population and Employment Allocations the City has adopted population and employment planning targets as part of its comprehensive plan, and must act to accommodate that growth within the City over the next 20 years. In addition, the comprehensive plan envisions approximately half of this new growth being directed to the TUC and the TIB District. The Study Areas are anticipated to play a central role in accommodating new growth. These areas have the capacity to accommodate a large amount of population and employment; however, each is in need of infrastructure improvements. The City has limited capacity to pay for all the desired projects through the general fund. As an alternative, LCLIP could help support future growth in accordance with the City's comprehensive plan by generating revenue to fund improvements that are needed to accommodate that growth and realize the City's vision. 1.2 Key Questions This report outlines a series of considerations relating to the use of LCLIP to help inform the City's decisions on program participation. These considerations will also help the City to understand how to optimize use of the tool in a way that best advances its infrastructure, growth, and conservation objectives. The key questions for this analysis cover: • What is the policy basis for using LCLIP and broader community goals? • What are the key LCLIP program issues for how the city may construct its LCLIP program? • What is the structure of the City's incentive zoning program and how would implementing a TDR program fit within that structure? • Under current market and development conditions, how might development projects use TDR to access additional building capacity? • What are a range of LCLIP revenues that might be possible? • Based on the cumulative understanding of the questions above, how might the city think about moving forward with an LCLIP program? z RCW 36.70A.090 Tukwila LCLIP: Findings and Recommendations 2 44 1.3 Report Organization The report is organized into six sections that provide an analysis of the feasibility of LCLIP in the Study Areas and recommendations for moving forward with a Landscape Conservation and Local Infrastructure Program. The main sections of the report are: • LCLIP Review: This section reviews the LCLIP legislation and identifies a framework for thinking about incentive zoning, TDR, and LCLIP program choices. • Incentive Zoning and TDR Policy Review: This section reviews the City's incentive zoning within the Study Areas. • Incentive Zoning and TDR Assessment: This section summarizes the capacity for development in the Study Areas and provides an assessment of the feasibility of TDR under current development economics and offers some insight on its potential use. • LCLIP Revenue Assessment: This section reviews development trends in the Study Area and projected development over the next 25 years. This section then assesses the revenue potential of an LCLIP program under a different growth and TDR absorption scenarios. • Program Findings and Recommendations: This section summarizes the key findings from previous sections and provides recommendations for establishing a LCLIP program based on those findings. • Implementation Road Map: Lastly, this section outlines the steps necessary should the City decide to establish a TDR mechanism and adopt LCLIP. Tukwila LCLIP: Findings and Recommendations 3 45 This page intentionally left blank. Tukwila LCLIP: Findings and Recommendations M. r. This section presents an overview of the LCLIP enabling legislation and key features of the program that are relevant to program assessment and strategy. 2.1 Program Overview LCLIP is a form of tax increment financing enacted in 2011. The Washington State legislature created the LCLIP program based on its finding that: The state and its residents benefit from investment in public infrastructure that is associated with urban growth facilitated by the transfer of development from agricultural and forest lands of long -term commercial significance. These activities advance multiple state growth management goals and benefit the state and local economies. It is in the public interest to enable local governments to finance such infrastructure investments and to incentivize development right transfer in the central Puget Sound through this chapter. The program offers the City a new funding source: a portion of the jurisdictional county's regular property tax in return for 1) mechanisms to place development rights and 2) the acceptance of a specified amount of regional development rights. In exchange for the placement of rural development rights in LCLIP districts, the jurisdictional county (King County for the City) agrees to contribute a portion of its regular property tax revenue to the sponsoring city for use for a defined period. The program is only available to select cities in the central Puget Sound counties of King, Pierce, and Snohomish. LCLIP targets only a portion of the incremental property taxes generated from new development. This is not a new tax to residents or businesses. The remaining portion of the property tax still accrues to the sponsoring city and to the jurisdictional county. Existing and incremental revenues flowing from sales, business and occupation, and utility taxes still accrue to the City, as well as other capital restricted revenues. 2.2 Use of LCLIP Funds Under the LCLIP program cities can use LCLIP- generated funds to pay for public improvements in the LCLIP district as follows: • Street, road, bridge, and rail construction and maintenance; • Water and sewer system construction and improvements; • Sidewalks, streetlights, landscaping, and streetscaping; • Parking, terminal, and dock facilities; • Park and ride facilities of a transit authority and other facilities that support transit - oriented development; Tukwila LCLIP: Findings and Recommendations 5 EYA • Park facilities, recreational areas, bicycle paths, and environmental remediation; • Storm water and drainage management systems; • Electric, gas, fiber, and other utility infrastructures; • Expenditures for facilities and improvements that support affordable housing as defined by WA law; • Providing maintenance and security for common or public areas; and • Historic preservation activities authorized under WA law. LCLIP is different from previous versions of TIF in Washington in that it provides more flexibility on how the funds can be used. Specifically, LCLIP enables funding for more than just capital improvements and can support some operational activities related to the maintenance and security of public areas. 2.3 Determinants of LCLIP Revenues 2.3.1 LCLIP District Revenue Calculation The tax basis of LCLIP originates from new construction so it excludes existing buildings and revaluation. LCLIP revenues are derived from the allocation of a portion of the city's and county's regular property tax (e.g. current expense levy) to the LCLIP district. Once a district has been created by a city, 75% of the assessed value of new construction — multiplied by a city's sponsoring ratio (explained below) — is allocated to the LCLIP district and used as the tax basis to distribute revenues from the regular property tax using the current year's regular property tax rate. For example, suppose a newly constructed building generates $1,000 in regular property tax revenues on a property tax rate of $1.00. If this same building is valued at $1,000,000 for the purposes of new construction, then 75% (multiplied by the Sponsoring City Ratio, explained below) of the new construction would place $750,000 in the LCLIP assessed value base and lead to the distribution of $750 of the $1,000 paid in regular property tax to the LCLIP area. The remaining $250 would still go to the jurisdiction's general fund. As noted, the Sponsoring City Ratio acts to pro -rate how much of the 75% of new construction is added to the LCLIP district assessed value base. The example above assumes a ratio of 1.0. Alternatively, a ratio 0.50 would reduce that $750 revenue apportionment to $375. The calculation of LCLIP district assessed value basis starts at the time that the district(s) is created. The dedication of city and county property tax revenues to the district commence the second year after the district is established. The program can run for a maximum of 25 years on the condition that cities meet performance milestones (explained below). 2.3.2 LCLIP Sponsoring City Ratio In adopting an LCLIP program, the city must select a specific number of TDR credits to accept based on a regional allocation set by PSRC. These allocations are generally proportional to a city's growth targets; Seattle's allocation is 3,440 credits while Everett's is 1,491 and Tacoma's is 1,843. Tukwila's allocation from PSRC is 405 TDR credits. The "Sponsoring City Ratio" reflects the proportion of development rights a city has chosen to accept (the specific number above) relative to the city's allocated share, as Tukwila LCLIP: Findings and Recommendations 6 M1 determined by PSRC. The resulting ratio of "specified portion" to "allocated share" (anywhere from 0 to 1) acts to pro -rate the amount of new construction value that can accumulate to a LCLIP district. A city must set its sponsoring city specified portion that is equal to or greater than 20% of its allocation. For Tukwila, that amount is 81 development rights or higher. Accepting the full allocated share would maximize potential LCLIP revenues while taking something less than the full allocated share reduces the potential value of the program to a city. For example, Tukwila's allocation is 405 rights; supposing it chooses to accept 101 of them (specified portion), its resulting sponsoring city ratio is 0.25 (101 divided by 405). The City would receive 25% of the county's portion of property tax revenue over the course of the program. If the City accepted 405 credits it would receive 100% of the county's portion. In choosing its ratio, the city is trying to select an amount of credits it expects to be able to place over a 20 -year period to meet the threshold requirements (discussed below) and extend the program (and revenues) to the full 25 years. In doing so, the city is balancing the feasibility /likelihood of TDR being used by development against the amount of revenue LCLIP can generate. Ideally the private market for growth will place the credits, but as the analysis shows, even in a situation where Tukwila would need to use public funds to purchase some of the specified credits the resulting revenue stream may be large enough to result in net positive earnings for the city. 2.3.3 LCLIP Performance: Credit Placement Thresholds While the LCLIP program can run for a maximum of 25 years, the legislation requires participating cities to demonstrate performance on the use of credits within their Local Improvement Project Area (LIPA). Cities using the LCLIP tool must meet a series of performance thresholds pegged to their specified portion and are given a choice in regards to permitting or acquisition of development rights if they want to start and extend the program revenues. These thresholds are as follows: • Threshold #1: Placement of 25% of the specified portion of TDR credits is required to start the revenue stream. This is not a time -based milestone, but rather a performance -based milestone. • Threshold #2: Placement of 50% of the specified portion of TDR credits is required by year 10 to extend it by 5 years. • Threshold #3: Placement of 75% of the specified portion of TDR credits is required by year 15 to extend it by 5 years. • Threshold #4: Placement of 100% of the specified portion of TDR credits is required by year 20 to extend it by 5 years to its conclusion. In previous examples of LCLIP implementation, there has been some difference in interpretation from program partners as to what is required to start an LCLIP program. Briefly, the difference in interpretation is whether the placement of 25% of the specified portion is required to start the program or whether the creation of the LCLIP program through ordinance is the trigger. Should Tukwila adopt LCLIP, this question of timing will be resolved through an interlocal agreement with King County. Tukwila LCLIP: Findings and Recommendations 7 i Program revenue is a function of three central factors: • Specified portion (City TDR credit commitment). Higher commitment = higher revenue • New construction activity. More construction = higher revenue • Market participation vs. City credit acquisition. More market activity = more revenue Exhibit 1 below illustrates the relationships between city TDR commitment, growth, and revenue. M5 a, c a� cu a U Growth (New Construction) Source: Forterra, 2015 It vent tment 2.3.4 LIPA(s) District Formation A LIPA or LCLIP district is the designated area in which: • TDR credits will be placed by market transfers and measured for performance monitoring. • Infrastructure projects will be constructed and funding will be used. • The calculation of the new construction as the tax basis for LCLIP revenues will be based. A city may have multiple and non - contiguous LIPA(s) as long as the area(s) meet the requirement of containing less than 25% of the city's assessed value. While a city may create multiple LIPA(s), LCLIP works on a cumulative citywide basis and not an independent district basis — meaning the same program parameters apply to all LIPA(s) regardless of start date and configuration. Therefore if a city is Tukwila LCLIP: Findings and Recommendations 8 50 considering multiple LIPAs, it is advantageous to establish them all at the program launch rather than adding them incrementally over time, which would result in foregone revenue. 2.4 Program Framework for LCLIP A strong LCLIP program for the City of Tukwila must position the City to maximize LCLIP revenues through structuring the following program parameters: • LIPA geography. The City will want to create a LIPA(s) that meets the nexus requirements stated above. However, creating a district(s) that contain areas where development is expected will help create a large new construction tax base used as the basis of the revenue calculation. The larger the tax base, the more funding leverage the City will have. • TDR code provisions. The number of TDR credits used is a function of several factors: • The size and structure of the incentive zoning capacity increment. The city must determine how much demand there may be for building projects that will utilize TDR. The amount of incentive zoning is fixed and the placement of TDR within the structure of the incentive zone factors in how it may be accessed by developers. For example, TDR may be among a menu of options that developers can choose from, or TDR may be tiered with other options requiring developers to sequence options that may place TDR first or last in that sequence. • The nature of the incentive associated with TDR. Typical TDR incentives offer additional FAR or height; however, TDR can be connected with any variety of opportunities associated with development ( "conversion commodities "). Other examples include connecting TDR with reduced setbacks, structured parking requirements, or impervious surface limitations. • The "exchange rate" for TDR. The amount of incentive a developer receives per TDR credit used in large part determines the extent to which a TDR consumes the incentive zoning available. The incentive created by the TDR exchange rate must be equal to (or exceed) a developer's willingness- and ability -to -pay, otherwise TDR will not be used. • City specified portion and program timing. In order to optimize the flow of LCLIP revenues, the City has an incentive to meet all four performance thresholds. Doing so means the city must select a specified portion that is targeted at some expected use of incentive zoning and the absorption of TDR credits over the horizon of the program. This element of LCLIP is the most difficult technical aspect that the city must consider. Forecasting future development is challenging, much less determining the rate at which that development will access incentives that use TDR. Tukwila LCLIP: Findings and Recommendations 9 51 This page intentionally left blank. Tukwila LCLIP: Findings and Recommendations 10 52 Study ' , Assessment and Growth Estimates The City does not currently have a TDR program; however, it has in place other development incentives including incentive zoning and the employment of developer agreements. This section provides an overview of the Study Area context and current development bonus offerings. 3.1 Study Area Context The Study Areas are TUC and the TIB District. The TUC has recently been rezoned into five unique districts that permit a variety of intense residential and commercial uses. For this report commercial use is broadly defined as multifamily, office, retail, Exhibit 2: Overview of the Study Areas industrial hospitality, and Iff senior housing. The TIB District is a truly international �,(t neighborhood with a mix of ukwwdta g lower intensity residential and1�� �t �i�omo�iri�oiu1 TIBSaLOCYyAra ro y MINJIJI M, 'TUC Study Area commercial uses. This is a �!1� 'LO41MdCk'MAw SIT LINK tiIGHT RAIL Route Station neighborhood the City has wrrwauNG wAANSot So,wuuiuu.M TmaAnN identified as one that may (k1z ' Route Station accommodate future growth. Exhibit 2 depicts the Study Areas. The TUC was rezoned in 2014 to allow for increased residential and mixed uses. The TIB District offers a number of redevelopment opportunities; however, based on the current land use code, this portion of the Study Area does not have the development capacity of the TUC. The City's vision for redevelopment along the Boulevard includes demolition of derelict motels to enhance safety and neighborhood perception while encouraging y�y kr ,� � 'M'• L Gov TO t Inn rn ►can l , IV a� I R STS Txw�uau L� Cr T4TO 405 ILA ON t Urban k ` I Center (TUC) DORIC a t )10), r a J P/i ,r Tukwila LCLIP: Findings and Recommendations 11 53 new mixed -use development comprising multifamily residential, senior housing, service - providing office space, and retail. The City created an Urban Renewal Overlay near the center of the TIB District that expands the flexibility of the land use code to promote redevelopment of this area. One goal for the City in the Urban Renewal Overlay is to aggregate properties in preparation for new projects. Infrastructure needs that Tukwila has identified for the neighborhood include streetscaping and traffic safety improvements with potential long term goals ranging from a potential "street diet" to slow traffic, right of way development to reshape the street grid, and transportation enhancements such as a circulator to help move transit riders from the TIB Light Rail Station north along the boulevard. Tukwila South is another area that was examined in some aspects of the analysis, but was not part of the Study Areas. This area is located south of the TUC and has considerable potential for commercial and office development. Certain revenue scenarios include the assumption that the property will be developed during the LCLIP performance period. In its current state the Tukwila South area has a very low assessed value, making it ideal for including in a LIPA since development has the potential to generate substantial revenue for the City, as discussed in later sections. 3.1.1 Regional Context The City totals approximately 30.5 million square feet of industrial, office, retail, multifamily, and hospitality developments. Of this total, nearly 3.0 million square feet or roughly 10% of the City's total commercial inventory has been built since 2000. By comparison, the rest of South King County3 had approximately 20% of its current commercial inventory constructed since 2000, and the area comprised of Seattle, the Eastside, and North King County had 30% of its current inventory constructed since 2000. This comparison reveals that development activity in the City has been slow relative to other areas in the county. The chart in Exhibit 3 illustrates the City's commercial inventory relative to the rest of South King County. The City's total commercial square footage represents approximately 13% of South King County's total (Kent totals roughly 30% and Renton is 17% for reference). However, since 2000 the City's commercial development has represented only 7% of South King County's total during this period Overall 2000+ AU.13ON A. 11 "/o DIVA.'...... 1 AUBURN 1111111INJIM 15% AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA 24 % BLACK DIAMOND 0% a% BURIEN AAAAAAAAAA 4% AIAAIA 2% COVIV'4CTON VIII 1% 3% DES MOINES 2 °/a AAAA 2% ENU.UMCLdM1W 1% AAAI1% FEDERAL WA AAAAAAAAAAAAAAAAAAAAAAAA''..... 10% AAAAaAAAAaAAAAIMAM 12% KENT INAPLIE:MALLEY 1% 2% MOU."VON 0% A 1% NORMANDY PA RK p a% l0% PACIFIC 10% l0% REN1fON 17% 20% BF.,A -TAC AAAAAAAAAAA 5% UM 5 % 0M 20M 40M'... 60M 80M 0M .roM Ii 0M C;¢anrrakemd r1uH¢9mg Gimss Square Feet Corns ercW Budding 6 »mss ,15Mmrs Feet 3 South King County is defined in this report as the incorporated municipalities of King County locate south of Seattle. For reference, the northern most cities in South King County are Burien, SeaTac, Tukwila, and Renton. 54 Tukwila LCLIP: Findings and Recommendations 12 Development in the rest of South King County since 2000 has been concentrated in Auburn (24% of South King County's total), Renton (20 %), Kent (20 %), and Federal Way (12 %). This context illustrates that historically Tukwila has been an important part of South King County's commercial real estate composition; however in the recent past the focus has been on other areas such as Auburn, Kent, and Renton. The TUC is a Regional Growth Center (RGC), as designated by the PSRC. A designated RGC is an area that has been identified for housing and employment growth, as well as an area that is prioritized for regional funding. The PSRC and the cities with RGCs are in the process of updating the population and employment growth targets for Vision 2040; however, the development trends and urban form help frame the TUC's position (referred to in the exhibits below as Tukwila) compared to other RGCs in the county. Exhibit 4, like Exhibit 3, compares the commercial inventory in RGCs most similar to the TUC. This reveals that the TUC has the most commercial square footage at 26% of the total square footage in these seven RGCs; however, since 2000 development in the TUC represents only 9% of the commercial space that was built all of these RGCs. While roughly 835,000 square feet has been built in 14 projects since 2000, relative to its total inventory development activity in the TUC has been the lowest among these seven areas. Overall pp2000+ umten ��! 6% 4% Kent Downtown 4% 8% Noot h ate 1IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIM 15% IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII 26 °r� Rentors 32% eaTac III�IIIII�IIIII�IIIII�IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII�II�III�III�I����� 16% � IIIIIIIIIIIIIIIIIIIIIIIIIIIIIII�IIIIIIIIIIIIIIII 14% Totem Lake RVV�V�V�V�V�V�V�V�V�V�V 14 °!o VVVVVVVVVVVVVVVVV 8% Tutawiga 126% ' 9 °fa 0M Std 101St 15M 0M IM 2M 3M Cornrrreycu al BLAdli x5 Gross Square Feet t `onnrner�cW BuMing Gvoss S qusuu Feat Source: King County Assessor, Heartland 2015 Exhibit 5 summarizes how the TUC's urban form compares with that of the other six similar RCGs. This chart shows that the TUC is more like SeaTac and Totem Lake with its urban form than it is with Burien, Kent, Northgate, or Renton. The TUC comprises roughly 850 acres, or 14% of the City's total land area with an average parcel size of 3 acres and a very large average block size of nearly 23 acres. These large blocks present both a challenge and an opportunity for redevelopment. To create a more walkable urban environment that encourages both jobs and housing the blocks will likely need to be divided. One key hurdle for redevelopment is the cost to split the blocks up and the market fundamentals that currently are challenged to support urban form multifamily development and taller office projects. However, the opportunity is with patient developers that may do a phased development on a single block or portion of a block once the market fundamentals support such investment. Tukwila LCLIP: Findings and Recommendations 13 55 As the City attempts to evolve the Study Areas into a places where a more urban form of commercial development is attractive to developers and investors the market will need to "prove" itself with projects that perform financially in a location where office, and particularly, multifamily have not thrived. A successful LCLIP program can be a potentially powerful tool to support this process. 3.1.2 Study Area Land Use Summary The two Study Areas differ from one another in many ways including land use patterns and development trends. The table in Exhibit 6 illustrates how the land area, building intensity, and land use in each Study Area compare. Land % of City Avg Parcel Avg Block Sidewalk 508 Acres Land Area Acres Acres Comp Burien 354 6% 0.3 4.9 48% Kent Downtown ° 292 2/° 0.5 3.6 Avg Bldg NSF Overall Northgate 409 1% 0.9 9.6 42,867 Renton 606 4% 0.7 6.8 1969 SeaTac ����������������������� ry �Illlllllll�� 13.6 41% Totem Lake ������������������� �1���1�1�1�1�1�����������1�������� ��% 2.2� 10.6 % Tukwila Source: PSRC 2014 As the City attempts to evolve the Study Areas into a places where a more urban form of commercial development is attractive to developers and investors the market will need to "prove" itself with projects that perform financially in a location where office, and particularly, multifamily have not thrived. A successful LCLIP program can be a potentially powerful tool to support this process. 3.1.2 Study Area Land Use Summary The two Study Areas differ from one another in many ways including land use patterns and development trends. The table in Exhibit 6 illustrates how the land area, building intensity, and land use in each Study Area compare. These two areas have historically served different purposes. The TUC is a regional center for retail and industrial due in large part to its location at the confluence of 1 -5 to the west and 1 -405 to the north. This area began development in earnest in the 1960s with the introduction of the Westfield Shopping Center and a total of nearly 2.4 million square feet of auto - oriented commercial space. Industrial development was prevalent in the 1960s with over 1.2 million of square feet developed; however, the 1970s were a boom decade for industrial development in the TUC with 3.4 million square feet delivered. These two decades combined to account for 75% of the total square footage that is in the TUC today. The location of this Study Area within the region along with a land use code that has encouraged this development pattern are the significant factors in contributing to the building stock that exists in the TUC today. In comparison, the TIB District is primarily residential in nature with 68 % of the building square footage being single family or multifamily. This residentially used land is oriented east and west of the Tukwila International Boulevard, which is the Study Area's main arterial. The remaining 32% is a relatively evenly distributed mix of office, retail, industrial, and lodging uses (13 %, 9 %, 7% and 3 %, respectively). The age of the building stock, like the TUC, has primarily been built prior to 1980. While 63% of the square footage has been built pre 1980, 29% of the inventory was built in prior to 1960 in comparison to the Tukwila LCLIP: Findings and Recommendations 56 14 "Fie TUC Net Acres* 508 802 Building Count 1,.232 265 Pct Commercial 1.3% 99% Bldg Net Sq Ft 4,1.57,993 11,232 „516 Pct Commercial 32° 100% Avg Bldg NSF Overall 3,375 42,387 Avg Commecial Bldg NSF 8,432 42,867 Avg yr Built Cont mercl all 1969 1978 Residential 1956 1946 ' Net of rV1,i "Ets of way 6arer6"rv, but Volr`Q uda6Y,F, Park land Source: King County Assessor, Heartland, 2014 These two areas have historically served different purposes. The TUC is a regional center for retail and industrial due in large part to its location at the confluence of 1 -5 to the west and 1 -405 to the north. This area began development in earnest in the 1960s with the introduction of the Westfield Shopping Center and a total of nearly 2.4 million square feet of auto - oriented commercial space. Industrial development was prevalent in the 1960s with over 1.2 million of square feet developed; however, the 1970s were a boom decade for industrial development in the TUC with 3.4 million square feet delivered. These two decades combined to account for 75% of the total square footage that is in the TUC today. The location of this Study Area within the region along with a land use code that has encouraged this development pattern are the significant factors in contributing to the building stock that exists in the TUC today. In comparison, the TIB District is primarily residential in nature with 68 % of the building square footage being single family or multifamily. This residentially used land is oriented east and west of the Tukwila International Boulevard, which is the Study Area's main arterial. The remaining 32% is a relatively evenly distributed mix of office, retail, industrial, and lodging uses (13 %, 9 %, 7% and 3 %, respectively). The age of the building stock, like the TUC, has primarily been built prior to 1980. While 63% of the square footage has been built pre 1980, 29% of the inventory was built in prior to 1960 in comparison to the Tukwila LCLIP: Findings and Recommendations 56 14 TUC where almost none of the current building stock was built prior to 1960. The TIB District's development patterns have also largely been a function of King County's land use code, which applied until the City annexed the area in 1990. Exhibit 6 illustrates the development patterns by decade and by land use type in the Study Areas. SM 800K - 4M1 5 600K 2M 200K GK OM P..-N950 1950. 1960. 1970. MO. 'M90. 2000. 2MO -14 Paa -1950 Rv Uffl 4 ?'16 01 11, 1, 110 N2 C, N111 l(� ,'11 NO 4 , . ✓ ,:,n1& Ftrott, 44 MF ;'9,;5' 7 219 8;2 (71. 4"1 4 r 4i ^,'40, 993 319) rxf . S;ki'firt- :S,4 YF 17,485 @F,'f 92 22,7110 1"A 809 2511,09a ft.gpd.Ny H-JAWky 12 Vs 28 MB 68 753 46,197 4,du.um,W ,r,,. klRRipAlw4"W 9w1e 6PUe T*ta9 697169 845.938 %2.593 185.584 737.8731 521,432 431.82! 24.288 iMa7 1,260 3.1.3 Existing zoning and Development capacity PoM1A604 fl9k'0m 26 28 001 052 1516 6N 3,655,556 4,782,633 an 053804 22�1 311 71,6817 264 777,334 11y95� J, 435 J 9 1,432.857 zaaao 579004 2010 44 A D f J0 "J''u7 I W:3 435.532 162.728 The land use code in both Study Areas offer a wide range of uses. While the existing uses in the TIB District generally reflect the intent of the current code4, the land uses in the TUC are intended to evolve over time from auto - oriented low rise commercial to mid -rise and high -rise commercial development that includes multi - family is most of the zoning districts. A detailed summary of the land use code for each zoning district is provided in Appendix 1. To analyze the future development opportunities in the Study Areas a two -step process was employed. First a buildable lands assessment was conducted and then a capacity analysis to estimate the maximum total quantity of building square footage that may be developed in the Study Areas. The buildable lands were identified using the assessed value approach where propertiess with a building where the improvements assessed value to the property's total value was less than 50% were flagged as potential redevelopable. Those properties where the improvement to total ratio is less than 25% are considered likely to redevelop in the next 25 years while those properties with a ratio between 25% and 50% were considered potentially redevelopable (or noted as "Maybe" in Exhibit 7). Parks and greenbelts, cemeteries, essential public services, and rights of way were excluded. The table in Exhibit 7 summarizes the buildable lands for each zoning district in the Study Areas. 4 The existing land use code for the TIB District may be revised in the future as a result of the Comprehensive Plan Update for this neighborhood that is underway. 5 Properties may consist of one or more parcels. A review of existing ownerships was conducted and adjacent parcels with common owners were combined to be classified as a single property. Tukwila LCLIP: Findings and Recommendations 15 MA Source: Heartland, King County Assessor, 2014 Next, a capacity analysis was conducted. The first step in this process was to interpret the land use code for each zoning district to estimate a typical floor area ratio (FAR), or the ratio of total potential building square footage to land area .6 The next step involves projecting how the market will utilize the land. Future land use is a key variable because different land uses will result in different FARS due to the form based code and parking requirements. For example, in the TUC - Transit Oriented Development (TOD) zoning district multifamily uses could support a FAR of 2.1 while an office use may result in a FAR up to 1.8. Finally, to estimate the capacity for a zoning district and the Study Areas cumulatively the total square footage of likely or maybe redevelopable land is _ - , 0M, multiplied by the blended FAR based on the land use 20,000,000 distribution for that zone. Using this approach the total ) 60,000,000 iiiiiiii Hospitaltity capacity on potentially red 50,000,000 Retail evelopable properties in the � Multifamily TUC is illustrated in Exhibit 8. If the potentially 4Q'Q0Q'Q00 111111111 oiuuu Office 30,000,000 redevelopable properties in the TUC are fully built out to � 20000000 the maximum FAR it would total roughly 63 million 10,000,000 square feet for an average FAR of 4.1 and the TIB District o could support roughly 6.5 million square feet for an TUC (4.2 FAR) TIB (0.6 FAR) Source: Heartland, King County Assessor, 2015 average FAR of 0.6. 6 Floor area ratio is calculated by dividing the total building square footage, typically excluding parking square footage, by the land area. For example, a 50,000 square foot parcel with a FAR of 2.0 could support up to a 100,000 square foot building while a FAR of 0.5 would result in a 25,000 square foot building. i Tukwila LCLIP: Findings and Recommendations 16 Count of Properties ILand Acre Summary by Redevelopment Potential Redevelopable Property Use and Size Likely or Avg Maybe Pipeline Likely Maybe Unlikely % Existing Zone Total Redevelopable Projects Redevelopable Redevelopable Redevelopable Unlikely FAR Avg Lot SF Min Lot SF Max Lot SF Tukwila International Boulevard District TIB- Urban Renewal 21 19 1 10.9 9.7 8.7 29% 0.2 47,246.8 9,546 217,268 RC 50 36 0 40.3 18.0 9.6 14% 0.2 70,613 5,398 669,910 NCC 21 9 1 3.2 0.8 4.6 48% 0.1 19,404 4,389 47,378 MUD 12 6 0 4.7 0.5 2.0 28% 0.1 38,114 6,000 148,540 HDR 99 21 0 3.4 9.2 59.8 83% 0.1 26,069 10,261 80,491 MDR 49 22 0 4.2 3.5 32.5 81% 0.1 15,257 5,848 38,687 LDR 815 478 0 42.4 103.5 107.0 42% 0.1 13,300 4,568 473,693 CLI 4 2 0 6.2 1.4 13.2 63% 0.0 165,761 61,419 270,102 MIC /H 1 1 0 6.1 0.0 0.0 0% 0.0 263,966 263,966 263,966 0 4 0 0 0.0 0.0 2.6 100% 0.0 0 0 0 TOTAL 11,076 594 2 1121.4 146.7 240.0 47% 0.1 19,662 0 669,910 Tukwila Urban Center TUC -CC 20 8 0 11.1 19.2 71.5 70% 0.2 164,861.3 38,080 433,727 TUC -P 5 2 0 1.4 1.0 40.8 94% 0.1 52,546 42,495 62,596 TUC -P 150 8 4 0 27.6 14.2 26.0 38% 0.4 455,673 309,494 850,726 TUC -RC 8 2 0 0.0 5.6 55.4 91% 0.2 121,119 30,000 212,237 TUC -RC 300 3 1 0 0.0 46.2 5.2 10% 0.2 2,013,548 2,013,548 2,013,548 TUC -TOD 86 32 5 31.1 28.3 161.3 71% 0.3 80,886 10,518 469,291 TUC -WP 53 17 0 1.4 91.5 74.2 44% 0.4 237,945 12,258 801,777 TUC -WP River 11 8 0 8.1 65.7 14.6 17% 0.3 401,834 79,264 792,702 TOTAL 194 74 5 80.7 271.7 449.0 56% 0.3 207,440 10,518 2,013,548 Source: Heartland, King County Assessor, 2014 Next, a capacity analysis was conducted. The first step in this process was to interpret the land use code for each zoning district to estimate a typical floor area ratio (FAR), or the ratio of total potential building square footage to land area .6 The next step involves projecting how the market will utilize the land. Future land use is a key variable because different land uses will result in different FARS due to the form based code and parking requirements. For example, in the TUC - Transit Oriented Development (TOD) zoning district multifamily uses could support a FAR of 2.1 while an office use may result in a FAR up to 1.8. Finally, to estimate the capacity for a zoning district and the Study Areas cumulatively the total square footage of likely or maybe redevelopable land is _ - , 0M, multiplied by the blended FAR based on the land use 20,000,000 distribution for that zone. Using this approach the total ) 60,000,000 iiiiiiii Hospitaltity capacity on potentially red 50,000,000 Retail evelopable properties in the � Multifamily TUC is illustrated in Exhibit 8. If the potentially 4Q'Q0Q'Q00 111111111 oiuuu Office 30,000,000 redevelopable properties in the TUC are fully built out to � 20000000 the maximum FAR it would total roughly 63 million 10,000,000 square feet for an average FAR of 4.1 and the TIB District o could support roughly 6.5 million square feet for an TUC (4.2 FAR) TIB (0.6 FAR) Source: Heartland, King County Assessor, 2015 average FAR of 0.6. 6 Floor area ratio is calculated by dividing the total building square footage, typically excluding parking square footage, by the land area. For example, a 50,000 square foot parcel with a FAR of 2.0 could support up to a 100,000 square foot building while a FAR of 0.5 would result in a 25,000 square foot building. i Tukwila LCLIP: Findings and Recommendations 16 3.1.4 Growth Scenarios Once a full build -out capacity is estimated the next step is to determine how much development may occur over the next 20 to 30 years. A common approach to estimating future growth is to use past development trends as a proxy for future growth. Development in the Study Areas since 1990 has been relatively slow and the type of product developed in terms of use and density is not like what is envisioned for the future of the Study Areas. The TUC is intended to support mid -rise and high -rise buildings with a mix of office and multifamily products integrated into the area replacing underutilized existing industrial and retail uses. The TIB District has not been rezoned, but the vision is for an urban corridor with a mix of uses and building heights replacing the low -rise development that is currently in place. Growth projections used in the LCLIP revenue model were based around the PSRC growth targets for the City and the Study Areas. Another approach that could have been utilized would be to base future growth on past development trends; however, because the past development patterns in the Study Areas will not likely be the same as the future the PSRC estimates were relied on. The table in Exhibit 9 summarizes the resulting total gross building square footage for three future growth scenarios. As this table reveals, there is ample capacity to support growth in the Study Areas.' Capacity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,119,045 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43,923,213 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,200000 , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Growth Target 830,000 6,060,000 11,070,000 % of Capacity 39% 14% 73% Conservative 620,000 2,490,000 8,960,000 % of Capacity 29% 6% 59% High Growth 620,000 8,570,000 11,070,000 % of Capacity 29% 20% 73% Source: Heartland LLC, 2015 The Growth Target scenario is based on estimates provided by PSRC for the Study Areas. The distribution of uses was scaled so that the total amount of gross building square footage delivered over the next 25 years could achieve the growth targets. The Conservative scenario is a scaled back version of the Growth Target scenario. This scenario was developed because the output of projects that could result from the modeled development would exceed historical trends in the City as well as in South King County. The High Growth scenario was developed to estimate the impact of the LCLIP program if developers found the Study Areas to be attractive areas due to a shift in market dynamics. A catalyst project or major employer electing to locate in this area could help spur development to achieve the Growth Target or High Growth scenarios. 7 The Capacity and growth scenarios shown in these tables do not represent the entire Study Area, but rather just the parcels that have been identified as parcels likely to be located in the LIPA. This includes all of the TUC with the exception the properties located in the Commercial Corridor zoning district, property in the Urban Renewal Overlay of the TIB District, and all of Tukwila South. Note that the modeled scenarios for Tukwila South's have the share of its capacity at 73% for the Growth Target scenario and the High Growth scenario. This is based on an opinion that this area will not likely build out to its full capacity. Tukwila LCLIP: Findings and Recommendations 17 +Ze The table in Exhibit 10 shows the total estimated amount of square footage by use type that was modeled for each scenario as well as how many projects that building area may support. This helps to contextualize the scale of these scenarios. The average office project estimated to be 300,000 square feet and between 5 and 8 stories. The typical multifamily and hospitality project would be a 5 to 7 story project with 120 units. A portion of the retail modeled was ground floor commercial space in office and multifamily projects, but an assumption was made that developers will still see this area as strong retail location and improve some of the land with new retail projects. These were the assumed averages; some buildings developed in the TUC may take advantage of the bonus incentives and build tall structures. For reference, there have not been any multifamily projects built in Tukwila that have been over 3 stories since 1990 and in all of South King County there have only been 25 built. Square Feet Total Study Area TIB District I Tukwila South Land Use Delivered Projects Projects TUC Projects I Projects Growth Target Scenario '. Office 5,045,066 5 0 5 12 Multifamily 3,248,454 22 7 15 ; 6 Retail 2,175,581 0 16 Hospitality 3,321,559 2 2 13 Conservative Scenario I Office 3,354,643 2 0 2 9 Multifamily 2,023,976 12 5 7 6 Retail 1,707,633 0 0 0 13 Hospitality 2,490,451 1 1 10 High Growth Scenario Office 5,770,299 8 0 8 ; 11 Multifamily 3,719,455 25 5 20 7 Retail 2,190,872 0 16 Hospitality 3,498,791 3 3 13 Source: Heartland LLC, 2015 One final reference point for the estimates used in the model is how each compares to the most current PSRC growth targets. PSRC projects the City should be able to support approximately 23,350 new jobs and 10,680 new people between 2010 and 20358. The table in Exhibit 11 estimates the number of jobs and people estimated to be supported by new development in the Study Areas and compares that total to the City -wide growth targets. Both this table and the table in Exhibit 10 show that if the Tukwila South project is built out per its development agreement the City will easily meet its growth targets. 8 PSRC Land Use Targets. Release Date: 4/14/2014 Tukwila LCLIP: Findings and Recommendations 18 W Study Area Land Use Total % of Tukwila Growth Targets TIB District TUC Tukwila South Growth Target Scenario Jobs 9,462 Households 3,709 41% 35% 361 1,048 9,101 2,661 28,031 1,042 Conservative Scenario Jobs 3,737 Households 1,991 16% 19% 271 786 3,467 1,205 22,425 958 High Growth Scenario I Jobs 13,434 Households 4,431 58% 41% 271 786 13,164 3,645 28,031 ! 1,042 Source: Heartland LLC, 2015 Tukwila LCLIP: Findings and Recommendations 19 61 This page intentionally left blank. Tukwila LCLIP: Findings and Recommendations 20 62 This section reviews the feasibility of TDR placement within the Study Area. The section summarizes the range of bonus provisions that may be employed to utilize TDR credits and evaluates the recommended approach for the private placement of TDR credits. 4.1 Existing and potential development bonus provisions The absence of TDR policy is not an obstacle to the success of LCLIP in the City. The LCLIP program is flexible and allows for multiple approaches to achieve market -based credit placement. Options the City might consider include the expansion of incentive zoning in the TUC or the introduction of incentive zoning in the TIB District, private placement via a multi - family tax exemption incentive, development agreements, public acquisition of credits, or a combination of approaches to create a portfolio of mechanisms to place TDR credits and meet LCLIP performance milestones. Incentive Zoning The City has incentive zoning in the TUC in place; however, the incentives involve affordable housing and the provision of design elements to access bonus heights. The TIB District may present an opportunity for the use of incentive zoning. The City desires considerable land use in the TIB District to encourage a more dense mix of uses relative to historical patterns. There is an opportunity to include provisions for bonus incentives that would use TDR in a TIB District rezone. Even with this opportunity, the capacity and demand for growth in that area is comparatively small and other mechanisms may generate more demand for TDR placement, such as a multifamily tax exemption (MFTE) incentive. Private Placement Recently the City implemented a short -term MFTE program for one year with objectives around incentivizing projects in a specific area within the TUC. The concept of MFTE is simple: developers receive an 8 -year exemption from property taxes for constructing multifamily residential projects that provide a public benefit. The City could generate demand for TDR by allowing developers to access the property tax relief offered via the MFTE through the purchase of TDR credits. Later sections detail this approach, along with costs and revenues associated with the mechanism. This approach would be considerably simpler from a policy and regulatory standpoint to implement than incentive zoning that includes TDR, and could potentially reduce uncertainty in implementation of LCLIP by providing a more streamlined and valuable bonus to developers. Development Agreements Another avenue by which the City can generate demand for TDR credit placement from private development is with development agreements. This approach is more opportunistic than MFTE or incentive zoning, and is more variable in its ability to absorb credits. When a developer proposes a Tukwila LCLIP: Findings and Recommendations 21 63 large project to the City and requests special dispensations to facilitate its construction the City has an opportunity to negotiate the acquisition of TDR credits by the developer into the agreement. There is no formula or guideline for this, and since the pipeline of projects that could potentially place credits is uncertain the viability of this approach is difficult to predict with certainty. A single large project, however, could result in the placement of a substantial portion of the City's TDR commitment. Public Acquisition While not likely the first choice for the City as a means to meet performance milestones in LCLIP the use of public funds to acquire credits needed to continue the program is another option. Any public money that the City expends to buy credits to achieve milestones reduces the net revenue that would accrue to the City. That being said, it is important to keep as a backstop to close any gap left by the private market. The City could negotiate pricing agreements with King County or other flexible terms as part of an interlocal agreement implementing LCLIP. The revenue projections for the City are such that even if public acquisition became necessary the City would still come out ahead financially — possibly far ahead — given the prospects for the program. 4.2 Approach for the private placement of TDR credits In the absence of a more common TDR program based on incentive zoning, the City will need to create a mechanism by which private developers can use TDR to gain a benefit. The two most promising opportunities to achieve private placement is by using TDR to allow developers access to a MFTE and through the use of a Development Agreement for projects of significance. The Development Agreement opportunity is opportunistic and the number of credits that a project may utilize will be negotiated between the City and the developer. In regards to the MFTE opportunity, under RCW 84.36 a city may grant a developer an 8 -year exemption on property taxes if a multi - family project provides some public benefit. This mechanism has traditionally been used to incentivize the construction of affordable housing and can also apply to TDR and the LCLIP program, which clearly provides multiple public benefits. Under this approach, the bonus that the developer would gain is access to operational cost savings through the 8 -year tax exemption. In order to access this, the developer would buy TDR credits. The number of credits needed to access the MFTE would be calibrated such that the net savings to the developer is still sufficiently high to justify the credit purchase. Analysis of developer willingness to pay suggests that a prototypical 120 -unit project could place approximately 30 credits. This model results in an exchange rate of 1.3 credits per 5 units in the project or a fee in lieu of $28 per net square foot assuming an average unit size of 900 square feet and the average TDR credit costs $20,000 today. By participating in this program the owner of this prototypical project could realize a tax savings of nearly $355,000 in nominal terms over the 8 -year exemption for very little effort. This assumes that 65% of the benefit goes toward TDR acquisition and the remainder to the project owner. The City would need to amend its development regulations to define the terms and Tukwila LCLIP: Findings and Recommendations 22 M create the mechanism for developers to access MFTE through purchase of TDR credits. The table in Exhibit 12 on the following page details the inputs used to estimate TDR utilization. Exhibit 12: DIR Credits to Access MIFTE Program Annual Tax A Split TDR Cost: $20,000 1% 1 65% Inflation:2% MFTE TDR Project Tax TDR Credits Year Benefit Contribution Savings Afforded 1. 2015 $122,400 $79,560 $42,840 3.9 2 2016 $123,624 $80,356 $43,268 3.9 2017 $124,860 $81,159 $43,701 3.8 4 2018 $126,109 $81,971 $44,138 3.8 5 2019 $127,370 $82,790 $44,579 3.7 6 2020 $128,644 $83,618 $45,025 3.7 C 2021 $129,930 $84,455 $45,476 3.7 S 2022 $131,229 $85,299 $45,930 3.6 Total $1,014,166 $659,208 $354,958 30.2 NPV $725,598 $471,639 $253,959 Total credits over 8 year period for a 120 project 30.2 Exchange Rate 1: TDR credits needed per 5 units 1.3 Exchange Rate 2: Fee in lieu per net square feet $28 Source: Heartland, 2015 Blending the MFTE program with LCLIP in this manner allows a developer to access a portion of the tax savings for eight years, but with a cost of TDR acquisition. In the model above the developer would realize approximately 35% of the total tax savings benefit while placing roughly 30 TDR credits. The MFTE program does come with an opportunity cost for the City in the form of lost tax revenue on these units for 8 years. Further analysis may be warranted to study the fiscal impacts of this program relative to the benefits of added units and LCLIP revenue. Tukwila LCLIP: Findings and Recommendations 23 65 This page intentionally left blank. Tukwila LCLIP: Findings and Recommendations 24 •- Using a LCLIP revenue model developed for the City, the analysis tested the three different scenarios to assess the number of TDR credits potentially placed and revenues generated through the LCLIP program. Each scenario assumes different levels of growth and TDR use to test how sensitive the revenues are to the assumed amount of growth and the TDR mechanism used. The mechanism used to retire TDR credits for all scenarios in this analysis is an eight -year multi - family tax exemption program. The analysis uses a number of common assumptions for all scenarios. The analysis assumes that the LCLIP program would start in 2016 and run for 25 years. All scenarios assume the price of TDR credits is $20,000 and increase to $36,000 (in 2015 dollars) at year 15. The analysis also assumes all TDR credits are first purchased by the private market, and the City only purchases credits to meet the program placement thresholds to continue the program going if needed. The LCLIP revenue assessment identifies a LIPA study area and develops a forecast of future development amounts. Using these inputs, several LCLIP parameters are tested to better understand the impact of different TDR use and development growth variables as drivers of potential LCLIP revenues. 5.1 Defining a LIPA For the revenue analysis, it is assumed that the areas inclusive of the Urban Renewal Overlay of the TIB District, the TUC Study Area excluding the Commercial Corridor zoning district, and Tukwila South would comprise LIPAs for the City. The TUC's Commercial Corridor zoning district was excluded from this analysis in order for these LIPAs to meet the legislative requirement of containing less than 25% of the City's current assessed value. The City may choose to draw the LIPA(s) differently to optimize where new development may occur prior to proposing the LCLIP legislation. Additionally, if the City waits to adopt LCLIP the assessed values may rise, thereby necessitating a re- evaluation of LIPAs. The current valuation supports the pursuit of LCLIP sooner rather than later. Tukwila LCLIP: Findings and Recommendations 25 MA The table in Exhibit 15 summarizes the 2014 assessed value for the areas that are modeled to be included in the LIPA for purposes of this analysis. Source: King County Assessors, Heartland 5.2 The Impact of Development Variables The following scenarios assessed LCLIP revenue based on assumptions about the timing, scale, and quality of development. Outside of the LCLIP program parameters, the three main development -based determinants of revenue impact are: • Scale and Mix of Development. The revenue impact is likely to change as developers contemplate differing types and amounts of residential and commercial development. • Value of Development. While the baseline assumptions around development value (normalized on a square footage basis) were drawn from reliable data, it is difficult to predict future development value with great certainty. • Timing of Development. The timing of construction can either accelerate or delay the onset of LCLIP revenues. Delay reduces the revenues under the LCLIP time window by pushing out the impacts into the future, resulting in reduced years of benefits that are discounted more heavily. The opposite is true in a situation where development happens earlier. It should be noted that changes to any of these (whether driven by future policy or market dynamics) can have a significant impact on the amount of LCLIP revenue generated. A difficult issue to disentangle from the analysis is the degree in which potential LCLIP- driven infrastructure improvements may facilitate (i.e. lower the overcall cost or feasibility) development by solving critical site and /or access issues. 5.3 Assumptions and Revenues The revenue analysis assumes that the primary mechanism used to place TDR credits is the eight -year MFTE program. Under this approach, developers of multi - family residential buildings in the LIPA would be eligible to purchase TDR credits and in exchange receive an eight -year property tax exemption on the residential improvements of their project. These scenarios are one approach to credit utilization that relies on market participation via an MFTE program. Alternatives could be developer agreements and Tukwila LCLIP: Findings and Recommendations 26 M.: Total Assessed Total Assessed Area Value Value (%) TIB -UR $46,793,200 0.6% TUC -P $317,337,100 4.1% TUC -RC $418,493,000 5.4% TUC -TOD $551,411,000 7.1% TUC -WP $561,307,800 7.2% Tukwila South $45,790,200 0.6% Total $1,895,342,100 25.0% Source: King County Assessors, Heartland 5.2 The Impact of Development Variables The following scenarios assessed LCLIP revenue based on assumptions about the timing, scale, and quality of development. Outside of the LCLIP program parameters, the three main development -based determinants of revenue impact are: • Scale and Mix of Development. The revenue impact is likely to change as developers contemplate differing types and amounts of residential and commercial development. • Value of Development. While the baseline assumptions around development value (normalized on a square footage basis) were drawn from reliable data, it is difficult to predict future development value with great certainty. • Timing of Development. The timing of construction can either accelerate or delay the onset of LCLIP revenues. Delay reduces the revenues under the LCLIP time window by pushing out the impacts into the future, resulting in reduced years of benefits that are discounted more heavily. The opposite is true in a situation where development happens earlier. It should be noted that changes to any of these (whether driven by future policy or market dynamics) can have a significant impact on the amount of LCLIP revenue generated. A difficult issue to disentangle from the analysis is the degree in which potential LCLIP- driven infrastructure improvements may facilitate (i.e. lower the overcall cost or feasibility) development by solving critical site and /or access issues. 5.3 Assumptions and Revenues The revenue analysis assumes that the primary mechanism used to place TDR credits is the eight -year MFTE program. Under this approach, developers of multi - family residential buildings in the LIPA would be eligible to purchase TDR credits and in exchange receive an eight -year property tax exemption on the residential improvements of their project. These scenarios are one approach to credit utilization that relies on market participation via an MFTE program. Alternatives could be developer agreements and Tukwila LCLIP: Findings and Recommendations 26 M.: city purchase, but for purposes of this analysis the focus was on private placement. Adding incentive zoning to portions of the TIB would be a way to encourage more private market absorption of TDR credits to augment the other mechanisms identified. Generally speaking, it is in the City's interest to establish an integrated approach to credit utilization that maximizes opportunities for market placement of credits and strengthens certainty around achieving program milestones to extend revenues. It is likely a large share of new multi - family residential development would use the MFTE program. If structured correctly, the MFTE would provide a small cost saving to the developer after purchasing the required development rights. The program is voluntary, but there is no financial advantage to not use the program for a developer. The MFTE program would delay the new construction value contributions to the LCLIP program for the City until the eight -year exemption expired. After the exemption expires the value would be added to the City's assessed value used in calculating how much revenue the City is receiving under the program. The delay in adding new construction value will somewhat reduce the amount of LCLIP revenues to the City, however this near -term impact should be viewed in context of the overall revenue projections of the program. 5.3.1 Scenario 1: Conservative Growth Target Forecast with MFTE Program This scenario assumes 4.6 million square feet of development by 2040. This level of growth is less than is needed for the City to meet its growth targets, but significantly more than the City has experienced historically. This scenario assumes an eight -year multi - family tax exemption (MFTE) program is established when the program begins and that 80% of multi - family residential development would utilize the program. This figure is derived based on utilization of the MFTE program in the City of Seattle. The scenario also assumes that the City accepts 100% of the 405 allocated credits to maximize revenue. Using these assumptions, over 1.0 million square feet of development would utilize the TDR incentive and the private market would place 300 of the City's 405 allocated credits over 25 years. However, the private market would not meet the first threshold of 203 credits after 10 years. As a result, the City would have to purchase the necessary credits to keep the program active at each performance threshold. The total costs to the City to make these gap purchases under this scenario would be $1.9 million. Even with the additional cost to the City, total County revenues to the City would be $4.4 million (net present value). Less the $1.9 million acquisition costs, net revenues to the city would be $2.5 million. This net amount equates to almost $300,000 in 2015 dollars annually by year 25 of the program. Exhibit 16 and 17 show the growth in annual revenues for inflation and non - inflation (nominal) adjusted dollars. Tukwila LCLIP: Findings and Recommendations 27 •e Total LCLIP Revenues $22.3 Million $42.1 Million City Allocation Revenues $17.9 Million $33.6 Million County Allocation Revenues $4.4 Million $8.4 Million City TDR Acquisition Cost -$1.9 Million -$3.0 Million City Net Revenue $2.5 Million $5.4 Million Source: ECONorthwest. Note all figures in 2015 dollars; 25 -year present value at 4% discount rate $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 y0 y1 y% y0 y0 yti y'L 1'' ya y0 y0 L1 y% y0 �0 3N 3ti �"I , ,�9 # '31 , ' 10 �° 'yo 'yo 'yo yo yo yo yo 'yo 'yo 'yo 'yo 'yo 'yo 'yo 'yo yo yo yo yo yo '0 yo yo yo 'yo Source: ECONorthwest. 5.3.2 Scenario 2: Growth Target Forecast with MFTE Program This scenario assumes 6.1 million square feet of development by 2040. This level of growth is what would be needed for the City to meet its growth targets, but significantly more than the City has experienced historically. This scenario assumes an eight -year MFTE program is established when the program begins and that 80% of multi - family residential development would utilize the program. The scenario also assumes that the City accepts 100% of the 405 allocated credits to maximize revenue. Using these assumptions, almost 1.3 million square feet of development would utilize the TDR incentive and the private market would place 381 of the City's 405 allocated credits over 25 years. The private market would not quite meet the first threshold of 203 credits after 10 years. As a result, the City would have to purchase the necessary credits to keep the program active at each performance threshold. The total costs to the City to make these gap purchases under this scenario would be $800,000. Even with the additional cost to the City, total County revenues to the City would be $5.9 million (net present value, $11.3 million nominal). Less the $800,000 acquisition costs, net revenues to the city would be $5.1 million ($10.3 million nominal). This net amount equates to almost $400,000 in 2015 dollar annually by year 25 of the program. Exhibit 18 and 19 show the growth in annual revenues for inflation and non - inflation (nominal) adjusted dollars. Tukwila LCLIP: Findings and Recommendations 70 28 Total LCLIP Revenues $30.0 Million $56.6 Million City Allocation Revenues $24.1 Million $45.2 Million County Allocation Revenues $5.9 Million $11.3 Million City TDR Acquisition Cost -$0.8 Million -$1.1 Million City Net Revenue $5.1 Million $10.3 Million Source: ECONorthwest. Note all figures in 2015 dollars; 25 -year present value at 4% discount rate $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 StO y1 yR� yA y0 yti yL y3 LR yti 16 1^ 1� y0 �O 3ti '�i1' '�3 . 3y 30 31 3% LO LO LO LO LO LO LO y0 y0 y0 y0 y0 y0 y0 'y0 y0 y0 y0 '10 o 'LO 'LO 'LO LO LO Source: ECONorthwest. Note all figures in 2015 dollars; 25 -year present value at 4% discount rate 5.3.3 Scenario 3: High Growth with MFTE Program The High Growth scenario tests the upside potential if the City realizes more development than planned for under the City's growth target. This scenario assumes the City realizes 9.5 million square feet of new development by 2040. This growth is significantly more development than historically experienced and about twice the 4.6 million square feet assumed in Scenario 1. Under these assumptions the LCLIP program would produce significant funding benefits to the city. The program would likely retire all 405 credits via the private market and the City would not have to purchase any credits. As a result, assuming 100% specified ratio, the program would generate a significant amount of new revenue for the City. Total revenue to the city from the County's contributions would be substantial at $9.5 million (net present value, $18.2 million nominal) over the 25 -year period and reach over $600,000 in 2015 dollar annually by year 25 of the program. Exhibit 20 and 21 show the growth in annual revenues for inflation and non - inflation (nominal) adjusted dollars. B,i F A I: F 6_ A `tiI D Tukwila LCLIP: Findings and Recommendations 29 71 Total LCLIP Revenues $48.3 Million $90.8 Million City Allocation Revenues $38.8 Million $72.7 Million County Allocation Revenues $9.5 Million $18.2 Million City TDR Acquisition Cost $0 $0 City Net Revenue $9.5 Million $18.2 Million Source: ECONorthwest. Note all figures in 2015 dollars; 25 -year present value at 4% discount rate $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 StO y1 yR� yA y0 yti yL y3 LR yti 16 1^ 1� y0 �O 3ti '�i1' '�3 . 3y 30 31 3% LO LO LO LO LO LO LO y0 y0 y0 y0 y0 y0 y0 l '10 '10 '10 '10 o 'LO 'LO 'LO LO LO Source: ECONorthwest 5.3.4 Addition of Tukwila South to LIPA The three scenarios assume that the Tukwila South subarea is not included in the LIPA and does not develop during the 25 -year study period. However, if Tukwila South was included in the LIPA, and the area did develop in a manner in line with the development agreement for the area, the City would realize sizably more development and revenue from the LCLIP program. Exhibit 22 compares the square feet of projected development for each scenario with and without Tukwila South in the LIPA. The development of Tukwila South adds about 10 million square feet of development or more to each scenario. Conservative Growth Target 4.6 Million 14.6 Million Growth Target Forecast 6.1 Million 18.7 Million High Growth 9.5Million 19.6 Million Source: Heartland LLC. Note: square footage in this table includes area of parking garages. While parking do not provide for jobs or housing it generates tax revenue through sales taxes. 72 Tukwila LCLIP: Findings and Recommendations 30 The additional new development generates considerably more revenues via the LCLIP program under all three scenarios. Exhibit compares the revenues for each scenario without and with Tukwila South developing. The additional new development generates considerably more revenues via the LCLIP program under all three scenarios. Conservative Growth Target $2.5 Million ($5.4 Million) $16.4 Million ($32.2 Million) Growth Target Forecast $5.1 Million ($10.3 Million) $20.8 Million ($40.9Million) High Growth $9.5Million ($18.2 Million) $22.2 Million ($41.9 Million) Source: ECONorthwest 5.3.5 Summary Overall, the amount of growth is an important factor in the viability of a LCLIP program. To retire enough TDR credits for the program to be financially feasible, the City will need to realize significantly more growth over the 25 -year study period than it has historically experienced. For Tukwila specifically, the development potential of the Tukwila South subarea represents a large opportunity to increase LCLIP revenues. In addition, to the amount of development, high utilization of the MFTE program by multi - family residential development in the LIPA is also needed. As a result, factors such as when the City starts the program and the sponsorship ratio the city chooses will be important in determining LCLIP success. Tukwila LCLIP: Findings and Recommendations 31 73 This page intentionally left blank. Tukwila LCLIP: Findings and Recommendations 32 74 r 6.1 Summary of Findings The analysis shows a range of situations in which LCLIP would be beneficial to the City. Even in a scenario assuming conservative growth, LCLIP could generate net revenue of $2.5 million (net present value, or $5.4 million in nominal terms) for infrastructure in Tukwila. Should the City meet its growth targets, the net revenue would increase to $5.1 million (net present value, or $10.3 million in nominal terms). Should the City exceed its growth targets, net revenue would increase to $9.5 million (net present value, or $18.2 million in nominal terms). The TUC can play a central role in the city meeting its growth targets. Following a recent rezone it has the capacity to accommodate considerable population and employment growth. The City has identified a range of infrastructure improvements, many involving improved access to transit, where LCLIP can finance investments that will support redevelopment. E. r . r r •'; . . . I= The City recently adopted a rezone of the TUC. The rezone did not include provisions for incentive zoning that could use TDR; however, there are other mechanisms by which growth would drive demand for TDR. The two most promising opportunities for the City are to pursue TDR utilization through development agreements and to offer TDR as a means for developers to access the 8 -year multifamily tax exemption (RCW 84.36). Development agreements are an opportunistic means by which the City can negotiate TDR acquisition by developers in projects of larger scale. The advantage of this approach is increased placement of credits through the private market (potentially a substantial portion of the City's allocation in the case of a single large project), however it also has tradeoffs. The need for these agreements in future projects is uncertain and because there is no fixed process (like an exchange rate) for establishing the amount of credits a project would acquire, utilization is subject to negotiation. Still, given the study's revenue projections and potential for this approach to place credits, the pursuit of development agreements by the City should remain a focus. In the multifamily tax exemption approach, developers would purchase TDR credits as a means to access 8 years of property tax exemption. Along Tukwila International Boulevard there is an opportunity to implement incentive zoning that would create demand for TDR (the use of development agreements to place credits in larger projects could generate further TDR utilization). Offering access to the MFTE program through TDR credits (or a fee in lieu) will be a simple way for developers to lower operating costs without much impact on the development pro forma. The value this approach creates for developers should make it attractive, however the certainty of projects using the tool is unclear. Tukwila LCLIP: Findings and Recommendations 33 75 State law limits cities to creating districts for using LCLIP that constitute a maximum of 25% of a participating city's total assessed value. To maximize revenues the City should create LCLIP districts that include as much assessed value as possible where growth will occur. Including portions of the TUC and the TIB District, as well as Tukwila South, the City can optimize the future increases in assessed value while staying beneath the 25% limit at the time of program creation. . .:• . r.r r . - III r . r Conditions in the City at present would support use of the tool. This analysis shows that growth, even when projected conservatively, is sufficient to make LCLIP a success. At minimum the City would receive new revenue for infrastructure that it otherwise could not access and at best that revenue would exceed $41 million over the life of the program. 6.2 Recommendations There are various options the City can pursue to take an opportunistic approach to creating an LCLIP program. Before considering these strategies, there are ranges of policy actions that the City should contemplate. 6.2.1 Policy and Code Recommendations In the absence of a traditional TDR program based on incentive zoning, Tukwila will need to create a mechanism by which private developers can use TDR to gain a bonus. The best approach for the City to reduce uncertainty and maximize revenue over the duration of the program is to pursue a credit placement strategy that combines complementary private market mechanisms augmented, if necessary, by public purchases. The two most promising private market mechanisms for placing credits are through negotiating TDR acquisitions in development agreements and by offering TDR as a means for developers to access MFTE. Development agreements, while potentially able to place large numbers of credits in a relatively small number of projects, are also highly unpredictable and should be complemented with a mechanism that is more likely to place credits over time. By pursuing an approach of seeking to include a TDR component in every developer agreement, coupled with MFTE utilization, the city can mitigate the high variability of one tool with the smaller scale, but likely steadier demand of the other. While a development agreement for a sizable project may place upwards of 60 credits in a single transaction, this type of proposal may be few and far between. By contrast, offering MFTE could create sufficient savings for developers to use the tool more frequently in projects that would be more typical of redevelopment in the Study Areas. These MFTE projects might place fewer credits each, but more projects over the duration of the program would help maintain the City's progress towards the performance milestones. Tukwila LCLIP: Findings and Recommendations 34 76 Even if the private market falls short of meeting the performance milestones at years 10, 15, and 20, the revenues projected are high enough that a purchase by the City of credits to achieve the thresholds would justify the public investment. Furthermore, terms of an interlocal agreement with King County might include flexibility around meeting milestones if the City is demonstrating significant progress towards those goals. Other ways to reduce City risk is to seek a price guarantee on county -owned credits from King County should the private market not reach credit placement goals. 6.2.2 Potential LCLIP Approaches The following section lays out three approaches to proceeding with LCLIP. �. . . The current analysis shows that while (1) even with conservative growth estimates the City will likely net $2.5 million (NPV, or $5.4 million nominal) in new revenue, and (2) a simple and desirable market mechanism can drive the use TDR, uncertainty remains around what demand for redevelopment will be in the study areas. The risk of taking no action in the near term, however, is that the City misses the opportunity to capture value from redevelopment until after the process has already started, thereby passing up revenue from LCLIP. 111124T WON This approach would establish LCLIP program targeted at placing all 405 credits allocated to the City. The program is structured to provide greater financial incentives for cities accepting higher numbers of credits. This would maximize revenue to the City but also carries increased risk. In a conservative growth scenario the City might need to purchase some TDR credits to meet performance milestones, however the result would still be net positive and King County has expressed a willingness to find ways to reduce the City's financial exposure. In this scenario the City would rely on the private market to place a considerable number of credits (381 under conservative assumptions) and the City could acquire the balance — over the course of the program - to reach the target of 405. In addition to using the MFTE incentive described the City should also pursue development agreements whenever the opportunity presents itself as a complementary mechanism to drive private market utilization of TDR. The opportunity to implement incentive zoning as a means to place TDR credits through redevelopment along Tukwila International Boulevard remains an option, however the analysis suggests that the number of credits placed would be small and the most promising opportunity for market based placement of credits remains the MFTE approach or the use of development agreements. That being said, every credit placed by the private market increases revenue and program certainty for the city, so pursuing an incentive zoning approach in TIB may be worthwhile. Under conservative growth estimates this approach could net Tukwila $2.5 million in revenue (NPV, $5.4 million over the course of the program), while growth that reaches the City's targets would increase revenue to $5.1 million (NPV, $10.3 million over the course of the program). The advent of a large project that could include a development agreement to place a large proportion of the City's credits would raise revenues to $9.5 million (NPV, $18.2 million over the course of the program). Tukwila LCLIP: Findings and Recommendations 35 III f w 0 0` 0 M f# r• R The City can structure the start of the LCLIP program with either a single or multiple major developments, such as a project that utilizes TDR. Timing the program to the start of a known large - scale development within the growth center would allow Tukwila to capitalize on known demand and maximize the benefits to the City. This would help the City target the maximum number of credits and would reduce risk by achieving progress towards that goal at the launch of the program. Pegging the program to a known quantity of TDR use would allow the city to comfortably structure the LCLIP program to run for the full 25 years (i.e. meet performance thresholds). Solving the performance threshold a priori would allow the city more flexibility on the use of funds by allowing some public infrastructure costs to be financed with debt. 1. Commit to full allocation of 405 credits to maximize revenue potential. 2. Establish LIPA boundaries to include the Urban Renewal Overlay portion of the TIB District, portions of Tukwila Urban Center, and Tukwila South to maximize revenue potential and market opportunities for TDR credit placement. 3. Take a proactive approach to pursuing development agreements for projects that could absorb TDR credits as a supplemental market mechanism to the MFTE incentive. 4. Implement MFTE incentive as a private market mechanism to place TDR credits through multifamily residential and mixed -use projects in TUC and Tukwila International Boulevard at recommended exchange rates. 5. Negotiate a price guarantee on county -owned TDR credits through the ILA process as a backup measure should the City need to acquire credits to meet performance milestones. 6. Time the launch of the program with a known project that would place TDR credits. In moving forward the following conditions should be monitored: • Indications that confirm market interest in TDR, such as development applications that have been or are expected to be proposed that will need TDR credits in different zones. • Analysis of the expected use of TDR credits confirms a reasonably high likelihood of meeting threshold requirements for TDR use in the LCLIP district. • Infrastructure projects have been identified that qualify under the LCLIP program. • A LCLIP district can be created that maximizes the projected LCLIP revenue to pay for infrastructure projects while meeting the requirements of the LCLIP legislation. • As needed, a shared strategy approach with King County or another partner agency should be included in an approach to retiring TDR credits. Tukwila LCLIP: Findings and Recommendations 36 i • • TI M-0 Should the City choose to use LCLIP, the following next steps are necessary to implement the program: Step 1: Identify a specific geographic area(s) for increased density that will become a LIPA. The LIPA must: • Include contiguous land (no "islands "); • Not include more than 25% of the total assessed taxable property within the City; • Not overlap another LIPA; • In the aggregate, be of sufficient size to: • Use the City's "specified portion" of transferable development rights (unless the City has purchased the transferable development rights to reserve for future development); and • Not be larger than reasonably necessary. • Contain all public improvements to be financed within its boundaries. Step 2: Accept responsibility for all or a share (a "specified portion ") of the transferable development rights allocated from the Puget Sound Regional Council to the city. Consider whether to include any rights from another city through an interlocal agreement. Step 3: Adopt a plan for development of public infrastructure within the LIPA. The plan must: • Utilize at least 20% of the city's allocated share of transferable development rights; • Be developed in consultation with the Department of Transportation and the county where the LIPA is located; • Be consistent with any transfer of development rights policies or development regulations adopted by the City; • Specify the public improvements that will be financed; • Estimate the number of transferable development rights that will be used; and • Estimate the cost of the public improvements. Step 4: Adopt transfer of development rights policies or implement development regulations, or make a finding that the city will receive its specified portion within one or more LIPAs, or make a finding that the City will purchase its specified portion. Adoption of transfer of development rights policies or implementation of development regulations must: • Comply with the Growth Management Act; • Designate a receiving area(s); • Adopt developer incentives, which should be designed, at the City's election, to: • Achieve the densities or intensities in the City's plan; • Include streamlined permitting strategies; and • Include streamlined environmental review strategies. Tukwila LCLIP: Findings and Recommendations 37 IN, • Establish an exchange rate, which should be designed to: • Create a marketplace where transferable development rights can be bought and sold; • Achieve the densities or intensities in the city's plan; • Provide for translation to commodities in addition to residential density (e.g., building height, commercial floor area, parking ratio, impervious surface, parkland and open space, setbacks and floor area ratio); • Allow for appropriate exemptions from land use and building requirements; • Require that the sale of the transferable development rights be evidenced by its permanent removal from the sending site (such as through a conservation easement on the sending site); and • Not be based on a downzone within the receiving area. The City may elect to adopt optional comprehensive plan element and optional development regulations that apply within the LIPA. Step 5: Hold a public hearing on the proposed formation of the LIPA. Notice must be provided to the county assessor, county treasurer, and county within the proposed LIPA of the City's intent to create the area. Notice must be provided at least 180 days in advance of the public hearing. Step 6: Adopt an ordinance or resolution creating the LIPA. The ordinance or resolution must: • Describe the proposed public improvements • Describe the boundaries of the proposed LIPA • Provide the date when the use of local property tax allocation revenues will commence and a list of the participating tax districts (the City and county) A certified copy of the adopted ordinance or resolution must be delivered to the county assessor, county treasurer and each participating tax district. Step 7: Provide a report along with the county to the Department of Commerce by March 15T of each year. A requirement of participating in the LCLIP program is for Counties in cooperation with cities, to provide the Department of Commerce with a report on March 15T of every other year. Should the City of Tukwila choose to participate, the City in cooperation with King County would compile a report containing the following information: • Number of cities within the county participating in LCLIP; • The number of TDR transactions that have occurred; • The number of acres conserved through the program, broken out by land type, agricultural, forest, or rural; • The number of TDR credits transferred; • The number of TDR credits transferred into the cities: • The total number of new residential units in the city; • The number of additional residential units allowed due to TDR credit transfers; • The amount of additional commercial space allowed due to TDR credit transfers; Tukwila LCLIP: Findings and Recommendations 38 80 • The amount of additional building height allowed due to TDR credit transfers; • The amount of structured parking spaces reduced due to TDR credit transfers; • The amount of additional parking spaces allowed due to TDR credit transfers; and • The amount of additional impervious surface allowed due to TDR credit transfers. • The amount of property tax revenues per city received from the county; • A list of public improvements paid for or financed by the received revenues; • The names of businesses locating within the district as a result of the public improvements: • The number of permanent jobs created in the district as a result of the public improvements; and • The average wages and benefits received by the employees. • The date at which any indebtedness issued for LCLIP financing is expected to be retired. Tukwila LCLIP: Findings and Recommendations 39 i M. ECONorthwest ECONOMICS - FINANCE - PLANNING DATE: July 25, 2016 TO: Lynn Miranda FROM: Morgan Shook SUBJECT: LCLIP REVENUE REFINEMENT AND PROGRAM IMPLEMENTATION The City of Tukwila is building on a recently completed assessment of the Landscape Conservation Local Infrastructure Program (LCLIP) and would like to further refine their LCLIP assessment to explore an emerging opportunity to include a transfer of development rights provision. The city would like to refine some LCLIP projections to include opportunity and challenges assessment as part of potential LCLIP program. Previous LCLIP revenue forecasts assessed varying levels of new investment at different levels of development right absorption. Relying on new information that includes some valuation and timing of development relative to the scenarios, ECO revised its revenue forecast to account for the development of multiuse sports arena in downtown Tukwila. Assessment of an Downtown Multi -Use Arena ECONorthwest evaluated the impact of the near term construction of a multi -use sports arena in downtown Tukwila. The analysis shows only the anticipated revenue impact of using LCLIP as part of the development mitigation for that project would generate between $22 to $26 million (25 -year PV at 4% discount rate) in infrastructure funding from King County. The following terms were assumed: • The new construction value of the arena would be valued at $1 billion. • It was assumed that the arena would start construction in 2017 and open 2019. • The City would accept all of the allocated development rights. • The arena would be responsible for acquiring some large portion of development rights as part of negotiated development agreement to support needed infrastructure. ECONorthwest I Portland I Seattle I Eugene I Boise I econw.com i Fir, City of Tukwila Allan Ekberg, Mayor TO: Community Affairs and Parks Committee FROM: Jack Pace, DCD Director Bob Giberson, PW Director BY: Nora Gierloff, Deputy DCD Director CC: Mayor Ekberg DATE: November 3, 2016 SUBJECTS: Fee Reductions for Affordable Housing Developments and Impact Fee Deferrals ISSUES Should certain Tukwila permit and impact fees be reduced to encourage development of affordable housing? Recent State legislation requires that cities and counties create an impact fee deferral process for single family construction. BACKGROUND During the Comprehensive Plan outreach we heard repeatedly about the unmet need for affordable family-sized housing and housing for those with very low incomes. Tukwila could reduce certain permit fees to incentivize the development of these housing types. In 2015, the state legislature enacted ESB 5923, which requires counties, cities, and towns to adopt a deferral system for the collection of impact fees for new single-family residential construction. Upon developer request, payment of impact fees would be delayed until the time of: 1. Final inspection; 2. Issuance of the certificate of occupancy or equivalent certification; and/or 3. The closing of the first sale of the property. DISCUSSION Affordable Housing Development Fee Reduction Some communities have adopted exemptions, waivers or reductions of charges normally assessed to residential development when those units are made affordable to low-income owners or renters. Examples include discounted building or planning fees, or reduced sewer and water connection fees. This is a way for the jurisdiction to reduce costs and increase feasibility for affordable housing projects without spending existing general fund money, though it would reduce permit revenue. Affordability is defined as monthly housing costs that do not exceed 30% of the household's monthly income. It is usually expressed as a percentage of the King County median income. F.*R 1111009111,11r, UNNIgg 2016 King County Median Income by Household Size Person 2 Person '--3 -Person F4 Person 5 Person F 6 Person $63,210 $72,240 F F$81,270 $90,300 $97,524 $104,7748 Proposal Unit Size Affordability Target Fee Reduction 2 or more bedrooms 80% 40% 2 or more bedrooms 60% 60% Any size 50% 80% • Certain development and land use permit fees for the entitlement, construction, and substantial improvement of dwelling units may be reduced by the Public Works and/or DCD Director when requested by the property owner prior to permit submittal. • If the project contains a mix of dwelling units that qualify for fee reduction and units that do not qualify due to unit size or expense, the fee reduction shall be pro-rated to reflect the proportion of qualifying low-income units in the project. • If more than 15% of the total project square footage is devoted to commercial use the fee reduction shall be pro-rated by the commercial percentage. • If converted to market rate housing within 10 years of the issuance of the certificate of occupancy, the full applicable permit fees at the time of conversion shall be paid to the city. Options: A. Waive all development fees for all types of affordable housing projects. B. Add or exclude additional permit types from the reduction process C. Allow a full waiver of development fees for projects at 30% or lower income levels. D. Allow different fee reductions for ownership verses rental housing projects E. Do not reduce development fees for affordable housing Affordable Housinq Impact Fee Reductions Cities and Counties may provide for impact fee reductions (as authorized by RCW 82.02.060(3)), to encourage the development of low-income housing. Tukwila currently allows exemptions from Fire and Parks impact fees for low-income housing developments, but does not take advantage of the provision in the RCWs that allows for reductions of up to 80% of impact fees without reimbursement from the City's general fund. Exemptions for traffic impact fees are not currently allowed. Impact fee reductions would reduce funds available for the infrastructure to accommodate growth. 86 W2016 Info MernosTee Reduction InfoMerno CAP 11-14.docx INFORMATIONAL MEMO Page 3 Proposal: Unit Size Affordability Target Impact Fee Reduction 2 or more bedrooms 80% 40% 2 or more bedrooms 60% 60% Any size 50% 80% Low-income housing developments may be partially exempted from Parks, Fire and Traffic impact fees at the discretion of the Public Works Director when requested by the property owner prior to permit submittal. • Submittal of a fiscal impact analysis of the effect of impact fees upon the proposed low- income housing and how exempting such housing from impact fees would contribute to the creation of low-income housing is required. The developer must record a covenant per RCW 82.02.060 (3) that prohibits using the property for any purpose other than for low-income housing for a period of at least 10 years. At a minimum, the covenant must address price restrictions and household income limits for the low-income housing, and that if the property is converted to a use other than for low-income housing within 10 years, the property owner must pay the applicable impact fees in effect at the time of conversion. Options: A. Exempt all types of affordable housing projects from 80% of impact fees B. Allow a full exemption of impact fees for projects at 30% or lower income levels and reimburse 20% of the impact fee from public funds as required by RCW 82.02.060 C. Do not include an exemption for Traffic impact fees D. Allow different fee reductions for ownership verses rental housing projects E. Do not exempt affordable housing from any impact fees Single Family Impact Fee Deferral The City desires to encourage the development of new single family housing so in accordance with State law is allowing flexibility on the timing of parks, fire and traffic impact fee payments. Proposal: • Deferral applications must be made in writing at the earlier of preliminary plat or building permit application. • The term of the deferral is 18 months from the date of building permit issuance or the final inspection, certificate of occupancy, or first sale whichever occurs first. • An applicant seeking a deferral must grant and record a lien against the property in favor of the municipality in the amount of the deferred impact fee. • Fees may be deferred for up to twenty houses per applicant per year. • None. Required by state law. W:12016 Info MennosTee Reduction InfoMenno CAP 11-14.docx 87 INFORMATIONAL MEMO Page 4 FINANCIAL IMPACT Fee reductions would reduce the permit revenue to the City associated with the development of affordable housing projects. The amount of this reduction would depend on the waiver types approved, the number of units and the affordability target of the given project. As an example, the Homestead Community Land Trust single family project on the Riverton United Methodist Church site proposes 34 family-sized homes at 80% median income affordability. Under the proposal above they would be eligible for an approximate reduction of $100,000 in DCD and PW development permit fees, $19,400 in Park Impact fees, $12,500 in Fire Impact fees, and $13,800 in Traffic Impact fees from their total permit cost of $371,500. In addition to Tukwila's fees, the project would be subject to an additional $875,000 in water, sewer, and electrical connection fees from other agencies. The construction cost for the houses and site work is approximately $4,565,000. Land costs would be a separate negotiation with the Church. Without the proposed reduction, Tukwila's fees would amount to approximately 6% of total project costs. The impact on Tukwila's revenue would vary depending on the type of fee reductions approved and the type of projects developed in Tukwila each year. DCD averages over two million dollars annually in permit revenue of which a minor percentage is related to residential development. Traffic impact fees for both residential and commercial development have averaged $113,752 annually over the past three years. RECOMMENDATION Council is being asked to select from the policy options above and consider ordinances with any amendments at the November 28, 2016 Committee of the Whole meeting and subsequent December 5, 2016 Regular Meeting. ATTACHMENTS A. Existing Impact Fee Regulations B. Draft Development Fee Reduction Ordinance C. Draft Impact Fee Reduction and Deferral Ordinance 88 W:12016 Info MernosTee Reduction InfoMerno CAP 11-14.docx Attachment A TMC CHAPTER 16.26 - FIRE IMPACT FEES 16.26.120 Exemptions 6. Low - income housing developed by individuals, nonprofit corporations, or a housing authority may be exempted from impact fees at the discretion of City staff subject to: a. Submittal of a fiscal impact analysis of the effect of impact fees upon low- income housing and how exempting such housing from impact fees would forward the goals for low- income housing in the City and King County; b. Submittal of adequate documentation showing that housing will remain available for low- income persons for a 10 -year period of time at affordable rents; and c. In the case of owner - occupied dwellings, submittal of adequate documentation showing that such housing will be sold or leased at affordable rates to low- income households for a period of 10 years. d. The impact fee for exempt development under this subsection shall be calculated as provided by this ordinance and paid with public funds. Such payments may be made by including such amounts in the public share of the system improvements undertaken within the City for fire protection services and facilities. TMC CHAPTER 16.28 - PARKS IMPACT FEES 16.28.120 Exemptions 6. Low- income housing developed by individuals, nonprofit corporations, or a housing authority may be exempted from impact fees at the discretion of City staff subject to: a. Submittal of a fiscal impact analysis of the effect of impact fees upon low- income housing and how exempting such housing from impact fees would forward the goals for low- income housing in the City and King County; b. Submittal of adequate documentation showing that the housing will remain available for low- income persons for a 10 -year period of time at affordable rents; and c. In the case of owner - occupied dwellings, submittal of adequate documentation showing that such housing will be sold or leased at affordable rates to low- income households for a period of 10 years. d. The impact fee for exempt development under this subsection shall be calculated as provided by this ordinance and paid with public funds. Such payments may be made by including such amounts in the public share of the system improvements undertaken within the City for parks services and facilities. RCW 82.02.060 Impact fees —Local ordinances — Required provisions. The local ordinance by which impact fees are imposed: (3) May provide an exemption from impact fees for low- income housing. Local governments that grant exemptions for low- income housing under this subsection (3) may either: Grant a partial exemption of not more than eighty percent of impact fees, in which case there is no explicit requirement to pay the exempted portion of the fee from public funds other than impact fee accounts; or provide a full waiver, in which case the remaining percentage of the exempted fee must be paid from public funds other than impact fee accounts. An exemption for low- income housing granted under subsection (2) of this section or this subsection (3) must be conditioned upon requiring the developer to record a covenant that, except as provided otherwise by this subsection, prohibits using the property for any purpose other than for low- income housing. At a minimum, the covenant must address price restrictions and household income limits for the low- income housing, and that if the property is converted to a use other than for low- income housing, the property owner must pay the applicable impact fees in effect at the time of conversion. Covenants required by this subsection must be recorded with the applicable county auditor or recording officer. A local government granting an exemption under subsection (2) of this section or this subsection (3) for low- income housing may not collect revenue lost through granting an exemption by increasing impact fees unrelated to the exemption. A school district who receives school impact fees must approve any exemption under subsection (2) of this section or this subsection (3); For purposes of this section, "low- income housing" means housing with a monthly housing expense, that is no greater than thirty percent of eighty percent of the median family income adjusted for family size, for the county where the project is located, as reported by the United States department of housing and urban development. we •m Attachment B MGmff v AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, ESTABLISHING NEW REGULATIONS TO REDUCE DEVELOPMENT AND LAND USE FEES FOR CERTAIN - AFFORDABLE HOUSING PROJECTS, TO BE CODIFIED IN TUKWILA MUNICIPAL CODE CHAPTERS 16.04, 16.54, AND 18.88; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, while updating its Comprehensive Plan the City determined that Tukwila has a shortage of housing affordable to larger families and-those households earning less than the King County median income; and WHEREAS, the housing shortage is especially acute for those households earning less than 30% of the King County median income; and WHEREAS, the City wishes to incentivize the development of affordable housing by reducing City development and land use fees for selected projects; and WHEREAS, the ordinance amendments are procedural in nature, and are therefore categorically exempt from the State Environmental Policy Act (SEPA) review pursuant to WAC 197-11-800(19); NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY ORDAINS AS FOLLOWS: W: Word Processing\Ordinances\Fee reductions for affordable housing 10-18-16 NG:bjs Page 1 of 5 91 Section 1. Regulations Established. Tukwila Municipal Code (TMC) Section 16.04.260, "Affordable Housing Fee Reductions," is hereby established to read as follows: 16.04.260 Affordable Housing Fee Reductions Development permit fees for the construction or substantial improvement of dwelling units may be reduced by the DCD Director. Development permits include building, mechanical, electrical and plumbing permits. "Substantial improvement" is a repair, reconstruction or rehabilitation of a building or structure the cost of which exceeds 50 percent of the building or structure's assessed value. The property owner must request the reduction in writing prior to permit submittal and when all of the following conditions are met: 1. Fee reduction table. Unit Size Affordability Target Fee Reduction 2 or more bedrooms 80%2 40% 2 or more bedrooms 60%2 60% Any size 50%2 80% Units to be sold or rented to a person or household whose monthly housing costs, including utilities other than telephone, do not exceed 30% of the household's monthly income. 2 Percentage of King County Median family income adjusted for family size as reported by the U.S. Department of Housing and Urban Development. 2. If the project contains a mix of dwelling units that qualify for fee reduction per the table in subparagraph 1 above and units that do not qualify due to unit size or expense, the fee reduction shall be pro-rated to reflect the proportion of low-income units in the project. 3. If converted to market rate housing within 10 years of the issuance of the Certificate of Occupancy, the full applicable permit fees at the time of conversion shall be paid to the City. 4. If the project contains commercial tenant space that occupies more than 15% of the building, along with dwelling units that qualify for fee reduction per the table in subparagraph 1 above, the fee reduction shall be pro-rated to reflect the proportion of the total building square footage occupied by the low-income units. Commercial spaces that occupy less than 15% of the building are considered accessory and will not affect the fee reduction. W: Word Processing\Ordinances\Fee reductions for affordable housing 10-18-16 NG:bjs Page 2 of 5 92 Section 2. Regulations Established. TMC Section 16.54.110, "Affordable Housing Fee Reductions," is hereby established to read as follows: 16.54.110 Affordable Housing Fee Reductions Type C permit fees for the construction of dwelling units may be reduced by the Public Works Director when requested in writing by the property owner prior to permit submittal and when all of the following conditions are met: Fee reduction table. Unit Size Affordability Target 1 Fee Reduction 2 or more bedrooms 80%2 40% 2 or more bedrooms 60%2 60% Any size 50%2 80% 1 — Units to be sold or rented to a person or household whose monthly housing costs, including utilities other than telephone, do not exceed 30% of the household's monthly income. 2 — Percentage of King County Median family income adjusted for family size as reported by the U.S. Department of Housing and Urban Development. 2. If the project contains a mix of dwelling units that qualify for fee reduction per the table in subparagraph 1 above and units that do not qualify due to unit size or expense, the fee reduction shall be pro -rated to reflect the proportion of low- income units in the project. 3. If converted to market rate housing within 10 years of the issuance of the Certificate of Occupancy, the full applicable permit fees at the time of conversion shall be paid to the City. 4. If the project contains commercial tenant space that occupies more than 15% of the building, along with dwelling units that qualify for fee reduction per the table in subparagraph 1 above, the fee reduction shall be pro -rated to reflect the proportion of the total building square footage occupied by the low- income units. Commercial spaces that occupy less than 15% of the building are considered accessory and will not affect the fee reduction. W: Word Processing \Ordinances\Fee reductions for affordable housing 10 -18 -16 NG:bjs Page 3 of 5 93 Section 3. Regulations Established. TIVIC Section 18.88.020, "Affordable Housing Fee Reductions," is hereby established to read as follows: 18.88.020 Affordable Housing Fee Reductions Design review, reasonable use exception, platting, planned residential development, SEPA, conditional use and shoreline permit fees for the entitlement of dwelling units may be reduced by the DCD Director when requested in writing by the property owner prior to permit submittal and when all of the following conditions are met: Fee reduction table. Unit Size Affordability Target Fee Reduction 2 or more bedrooms 80%2 40% 2 or more bedrooms 60%2 60% Any size 50%2 80% Units to be sold or rented to a person or household whose monthly housing costs, including utilities other than telephone, do not exceed 30% of the household's monthly income. 2 Percentage of King County Median family income adjusted for family size as reported by the U.S. Department of Housing and Urban Development. 2. If the project contains a mix of dwelling units that qualify for fee reduction per the table in subparagraph 1 above and units that do not qualify due to unit size or expense, the fee reduction shall be pro-rated to reflect the proportion of low:-income units in the project. 3. If converted to market rate housing within 10 years of the issuance of the Certificate of Occupancy, the full applicable permit fees at the time of conversion shall be paid to the City. 4. If the project contains commercial tenant space that occupies more than 15% of the building, along with dwelling units that qualify for fee reduction per the table in subparagraph 1 above, the fee reduction shall be pro-rated to reflect the proportion of the total building square footage occupied by the low-income units. Commercial spaces that occupy less than 15% of the building are considered accessory and will not affect the fee reduction. Section 4. Corrections by City Clerk or Code Reviser. Upon approval of the City Attorney, the City Clerk and the code reviser are authorized to make necessary corrections to this ordinance, including the correction of clerical errors; references to other local, state or federal laws, codes, rules, or regulations; or ordinance numbering and section/subsection numbering. W: Word Processing\Ordinances\Fee reductions for affordable housing 10-18-16 NG:bjs Page 4 of 5 M] Section 5. Severability. If any section, subsection, paragraph, sentence, clause or phrase of this ordinance or its application to any person or situation should be held to be invalid or unconstitutional for any reason by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of the remaining portions of this ordinance or its application to any other person or situation. Section 6. Effective Date. This ordinance or a summary thereof shall be published in the official newspaper of the City, and shall take effect and be in full force five days after passage and publication as provided by law. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this — day of 12016. ATTEST /AUTHENTICATED: Christy O'Flaherty, MMC, City Clerk APPROVED AS TO FORM BY: Rachel B. Turpin, City Attorney Allan Ekberg, Mayor Filed with the City Clerk: Passed by the City Council: Published: Effective Date: Ordinance Number: W: Word Processing\Ordinances\Fee reductions for affordable housing 10-18-16 NG:bjs Page 5 of 5 95 U-9 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, ESTABLISHING REGULATIONS FOR A RESIDENTIAL IMPACT FEE DEFERRAL, TO BE CODIFIED IN TUKWILA MUNICIPAL CODE CHAPTERS 9.48, 16.26 AND 16.28; AMENDING AND/OR ADDING SECTIONS IN EACH OF THE AFOREMENTIONED CHAPTERS RELATING TO EXEMPTIONS AND DEFINITIONS (AMENDING ORDINANCE NOS. 2366 §1 (PART), 2365 §1 (PART), 2305 §1 AND 2111 §1 (PART) AS DELINEATED; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City of Tukwila ("City") is authorized by Chapter 82.02 RCW to require new growth and development within the City to pay a proportionate share of the cost of new facilities to serve such new growth and development through the assessment of impact fees; and WHEREAS, pursuant to such authority and the police powers of the City, the City has enacted Chapters 9.48, 16.26 and 16.28 of the Tukwila Municipal Code to establish such impact fees; and WHEREAS, the current impact fee provisions provide flexibility for developers by staggering some payments for various impact fees, which creates an administrative burden on City staff; and WHEREAS, the State recently amended RCW 82.02.050, requiring that all counties, cities, and towns provide a mechanism for which impact fees for single-family detached and single-family attached residential construction may be deferred to either final inspection, issuance of a Certificate of Occupancy or equivalent certification, or the closing of the first sale of the property; and WHEREAS, the City desires to encourage new growth and development in the City, to ease the financial burden on individual home builders, and to promote economic recovery in the construction industry, and finds that adopting an impact fee deferral mechanism provides the needed flexibility on the timing of impact fee payments and is in the public interest; and W: Word Processing\Ordinances\ResidentiaI impact fee deferral 10-20-16 BG:bjs Page 1 of 15 WA WHEREAS, City staff has proposed the addition of a new Tukwila Municipal Code section entitled "Exemptions" (Section 9.48.120) for transportation impact fees, while similar sections currently exist in Tukwila Municipal Code Chapters 16.26, "Fire Impact Fees," and 16.28, "Parks Impact Fees"; and WHEREAS, the ordinance amendments are procedural in nature, and are therefore categorically exempt from the State Environmental Policy Act (SEPA) review pursuant to WAC 197-11-800(19); NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY ORDAINS AS FOLLOWS: Section 1. TMC Section 9.48.020 Amended. Ordinance Nos. 2305 §1 and 2111 §1 (part), as codified at Tukwila Municipal Code (TMC) Section 9.48.020, "Definitions," is hereby amended to read as follows: 9.48.020 Definitions The words and terms contained in this chapter shall have the following meanings for the purposes of this chapter, unless the context clearly requires otherwise. Terms or words not defined herein shall be defined pursuant to RCW 82.02.090 when given their usual and customary meaning. 1. The "Act" means the Growth Management Act, Chapter 17, Laws of 1990, First Extraordinary Session, Chapter 36.70A RCW et seq., and Chapter 32, Laws of 1991, First Special Session, as now in existence or hereinafter amended. 2. "Building permit" means an official document or certification of the City of Tukwila issued by the City's building official which authorizes the construction, alteration, enlargement, conversion, reconstruction, remodeling, rehabilitation, erection, placement, demolition, moving, or repair of a building or structure. 3. "City" means the City of Tukwila, Washington. 4. "Development" means the construction, reconstruction, conversion, structural alteration, relocation or enlargement of any structure that requires a building permit. 5. "Development activity" means any construction of a building or structure that creates additional demand and need for transportation facilities. 6. "Development approval" means any written authorization from the City, which authorizes the commencement of the "development activity." 97. "Fee payer" is a person, corporation, partnership, an incorporated association or governmental agency, municipality, or similar entity commencing a land development activity, which requires a building permit and creates a demand for additional facilities. P8. "Impact fee" means the payment of money imposed by the City on development activity pursuant to this chapter as a condition of granting development approval, in order to pay for the transportation facilities needed to serve new growth and development that is a proportionate share of the cost of the capital facilities that is used for facilities that reasonably benefit new development. Impact fees are independent of a W: Word Processing\Ordinances\ResidentiaI impact fee deferral 10-20-16 BG:bjs Page 2 of 15 M permit fee, an application fee, a concurrency test fee, and the administrative fee for collecting and handling impact fees or cost of reviewing independent fee calculations. 79. "Letter encumbered" means to reserve, set aside, or earmark the impact fees in order to pay for commitments, contractual obligations, or other liabilities incurred for the provision of transportation facilities. 10. "Low-income housina" means housina where monthiv costs, includ utilities other than telephone, do not exceed 30% of the resident's household monthly income and where household monthly income must be 80 percent or less of the King County Median family income adjusted for family size as reported by the U.S. Department of Housing and Urban Development. 4011. "Owner" means the owner of record of real property, as found in the records of King County, Washington, or a person with an unrestricted written option to purchase property; provided, that if the real property is being purchased under a recorded real estate contract, the purchaser shall be considered the owner of the property. 4412. "Proportionate fair share" means that portion of the cost for transportation facility improvements that are reasonably related to the service demands and needs of new development. Section 2. Regulations Established. TIVIC Section 9.48.125, "Exemptions," is hereby established to read as follows: 9.48.125 Exemptions A. The impact fees are generated from the formula for calculating the fees as set forth in this chapter. The amount of the impact fees is determined by the information set forth in the Public Works Fee Schedule adopted by resolution of the City Council and related documents. All development activity located within the City shall be charged a transportation impact fee, provided that the following exemptions shall apply._ B. The following shall be exempt from transportation impact fees: 1. Replacement of a structure with a new structure having the same use, at the same site and with the same gross floor area, when such replacement is within 12 months of demolition or destruction of the previous structure. 2. Alteration, expansion, or remodeling of an existing dwelling or structure where no new units are created and the use is not changed. 3. Construction of an accessory residential structure. 4. Miscellaneous improvements including, but not limited to, fences, walls, swimming pools and signs that do not impact the transportation sVstem. 5. Demolition of or moving an existing structure within the City from one site to another. W: Word Processing\Ordinances\ResidentiaI impact fee deferral 10-20-16 BG:bjs Page 3 of 15 we 6. Transportation impact fees for the construction of low-income housing may be reduced at the discretion of the Public Works Director when requested by the property owner in writing prior to permit submittal and subject to the following criteria: a. Submittal of a fiscal impact analysis of how a reduction in impact fees for the Droiect would contribute to the creation of low-income housina: Fee reduction table. Unit Size Affordability Target' Fee Reduction 2 or more bedrooms 80%2 40% 2 or more bedrooms 60%2 60% Any si ze 50%2 80% Units to be sold or rented to a person or household whose monthly housing costs, including utilities other than telephone, do not exceed 30% of the household's monthly income. 2 Percentage of King County Median family income adjusted for family size as reported by the U.S. Department of Housing and Urban Development. c. The developer must record a covenant per RCW 82.02.060 (3) that prohibits using the property for any purpose other than for low-income housing at the original income limits for a period of at least 10 years. At a minimum, the covenant must address price restrictions and household income limits for the low-income housing, and that if the property is converted to a use other than low-income housing within 10 vears. the DrOlDertv owner must pav the Citv the applicable impact fees in effect at the time of conversion. 7. Change of Use. A development permit for a change of use that has less impact than the existing use shall not be assessed a transportation impact fee. 8. A fee Paver required to pay for system improvements pursuant to RCW 43.21C.060 shall not be required to pay an impact fee for the same improvements under this ordinance. Section 3. Regulations Established. TIVIC Section 9.48.130, "Residential Impact Fee Deferral," is hereby established to read as follows: 9.48.130 Residential Impact Fee Deferral A. Purpose. The purpose of this chapter is to comply with the requirements of RCW 82.02.050, as amended by ES135923, Chapter 241, Laws of 2015, to provide an impact fee deferral process for single- family -residential construction in order to promote economic recovery in the construction industry. W: Word Processing\Ordinances\ResidentiaI impact fee deferral 10-20-16 BG:bjs Page 4 of 15 100 10-JIM =I. - 1. The provisions of this chapter shall apply to all impact fees established and adopted by the City pursuant to Chapter 82.02 RCW, including transportation system impact fees assessed under Tukwila Municipal Code Chapter 9.48. 2. Subject to the limitations imposed in the Tukwila Municipal Code, the provisions of this chapter shall apply to all building permit applications for single - family detached and single- family attached residential construction. For the purposes of this chapter, an "applicant" includes an entity that controls the named applicant, is controlled by the named applicant. or is under common control with the named applicant. C. Impact Fee Deferral. 1. Deferral Request Authorized. Applicants for single-family attached or single-family detached residential building permits may request to defer payment of required impact fees until the sooner of: a. final inspection; or b. the closing of the first sale of the property occurring after the issuance of the applicable building permit; which request shall be granted so long as the requirements of this chapter are satisfied. 2. Method of Request. A request for impact fee deferral shall be declared at the time of preliminary plat application (for platted development) or building permit application (for non-platted development) in writing on a form or forms provided by the City, along with applicable application fees. 3. Calculation of Impact Fees. The amount of impact fees to be deferred under this chapter shall be determined as of the date the request for deferral is submitted. D. Deferral Term. The term of an impact fee deferral granted under this chapter may not exceed 18 months from the date the building permit is issued ("Deferral Term'). If the condition triggering payment of the deferred impact fees does not occur prior to the expiration of the Deferral Term, then full payment of the impact fees shall be due on the last date of the Deferral Term. E. Deferred Impact Fee Lien. 1. Applicant's Duty to Record Lien. An applicant requesting a deferral under this chapter must grant and record a deferred impact fee lien, in an amount equal to the deferred impact fees, against the property in favor of the City in accordance with the requirements of RCW 82.02.050(3)(c). W: Word Processing\Ordinances\ResidentiaI impact fee deferral 10-20-16 BG:bjs Page 5 of 15 101 2. Satisfaction of Lien. Upon receipt of final payment of all deferred impact fees for the property, the City shall execute a release of deferred impact fee lien for the property. The property owner at the time of the release is responsible, at his or her own exr)ense, for recordina the lien release. F. Limitation on Deferrals. The deferral entitlements allowed under this chapter shall be limited to the first 20 single-family residential construction building permits per applicant, as identified by contractor registration number or other unique identification number, per year. Section 4. TMC Section 16.26.030 Amended. Ordinance No. 2365 §1 (part), as codified at TIVIC Section 16.26.030, "Definitions," is hereby amended to read as follows: 16.26.030 Definitions Terms or words not defined herein shall be defined pursuant to RCW 82.02.090 when given their usual and customary meaning. For the purposes of this ordinance, unless the context or subject matter clearly requires otherwise, the words or phrases defined in this section shall have the following meanings: 1. "Building permit" means an official document or certification of the City of Tukwila issued by the City's building official which authorizes the construction, alteration, enlargement, conversion, reconstruction, remodeling, rehabilitation, erection, placement, demolition, moving, or repair of a building or structure. 2. "City" means the City of Tukwila, Washington, County of King. 3. "Development activity" means any construction, reconstruction, or expansion of a building, structure, or use, or any changes in use of a building or structure, or any changes in the use of land, requiring development approval. 4. "Development approval" means any written authorization from the City, which authorizes the commencement of the "development activity." 5. "Encumber" means to reserve, set aside, or earmark the fire impact fees in order to pay for commitments, contractual obligations, or other liabilities incurred for the provision of fire protective services. 6. "Fee payer" is a person, corporation, partnership, an incorporated association or governmental agency, municipality, or similar entity commencing a land development activity that requires a building permit and creates a demand for additional fire capital facilities. 4-07. "Fire protection facilities" means all publicly owned apparatus and buildings within the City that are used for fire protection and/or emergency response and aid. W: Word Processing\Ordinances\ResidentiaI impact fee deferral 10-20-16 BG:bjs Page 6 of 15 102 7�8. "Impact fee" means the payment of money imposed by the City on development activity pursuant to this ordinance as a condition of granting development approval in order to pay for the fire facilities needed to serve growth and development that is a proportionate share of the cost of fire capital facilities used for facilities that reasonably benefit development. Impact fees do not include reasonable permit fees, application fees, administrative fees for collecting and handling fire impact fees, or the cost of reviewing independent fee calculations. 9. "Low-income housinq" means housing where monthly costs, including utilities other than telephone, do not exceed 30% of the resident's household monthly income and where household monthly income must be 80 percent or less of the King County Median family income adjusted for family size as reported by the U.S. Department of Housing and Urban Development. 910. "Owner" means the owner of record of real property, as found in the records of King County, Washington, or a person with an unrestricted written option to purchase property; provided, that if the real property is being purchased under a recorded real estate contract, the purchaser shall be considered the owner of the property. 911. "Proportionate share" means that portion of the cost for fire facility improvements that are reasonably related to the service demands and needs of development. Section 5. TIVIC Section 16.26.120 Amended. Ordinance No. 2365 §1 (part), as codified at TIVIC Section 16.26.120, "Exemptions," is hereby amended to read as follows: 16.26.120 Exemptions A. The fire impact fees are generated from the formula for calculating the fees as set forth in this ordinaRGe chapter. The amount of the impact fees is determined by the information contained in the adopted fire department master plan and related documents, as appended to the City's Comprehensive Plan. All development activity located within the City shall be charged a fire impact fee, provided that the following exemptions shall apply. Any development activity or projeGt whiGh has submitted a teGhRiGally GOMplete building permit appliGation prior to the effeGtive date of this E)FdinaRGe shall be exempt from the payment of fire impact fees. B. The following shall be exempt from fire impact fees: 1. Replacement of a structure with a new structure having the same use, at the same site, and with the same gross floor area, when such replacement is within 12 months of demolition or destruction of the previous structure. 2. Alteration, expansion, or remodeling of an existing dwelling or structure where no new units are created and the use is not changed. 3. Construction of an accessory residential structure. W: Word Processing\Ordinances\ResidentiaI impact fee deferral 10-20-16 BG:bjs Page 7 of 15 103 4. Miscellaneous improvements including, but not limited to, fences, walls, swimming pools, and signs that do not create an increase in demand for fire services. Demolition of or moving an existing structure within the City from one site to another. SPEMI will. ...... 1. - 0. g HUMNAM.— ffl Imol I N WNN.Ir � OVIAN • fram"M "MIM"Mm .l b. Submittal of adequate dOGUmentatien showing that housing will Fem epj.-V"�aIn f&r 4 ► - ?�! F S �rc,� t he ent gjs :- Car n-94-pn-ar -&,nri,rpa� • fi--affla n nIV • " 2. -1 -V K� M.. .. . .......... .711 ...... ... . .......... . ..... 6. Fire impact fees for the construction of low-income housing may be reduced at the discretion of the Fire Chief when requested by the property owner in writing prior to permit submittal and subject to the following criteria: a. Submittal of a fiscal impact analysis of how a reduction in impact fees for the project would contribute to the creation of low-income housing; b. Fee reduction table. Unit Size Affordability Target Fee Reduction 2 or more bedrooms 80%2 40% 2 or more bedrooms 60%2 60% Any size 50%2 80% Units to be sold or rented to a person or household whose monthly housing costs, including utilities other than telephone, do not exceed 30% of the household's monthly income. 2 Percentage of King County Median family income adjusted for family size as reported by the U.S. Department of Housing and Urban Development. W: Word Processing\Ordinances\ResidentiaI impact fee deferral 10-20-16 BG:bjs Page 8 of 15 104 c. The developer must record a covenant per RCW 82.02.060 (3) that prohibits using the property for any purpose other than for low-income housing at the original income limits for a period of at least 10 years. At a minimum, the covenant must address price restrictions and household income limits for the low-income housim and that if the property is converted to a use other than low-income housing within 10 years, the property owner must pay the City the applicable impact fees in effect at the time of conversion. 7. Change of Use. A development permit for a change of use that has less impact than the existing use shall not be assessed a fire impact fee. 8. A fee payer required to pay for system improvements pursuant to RCW 43.21C.060 shall not be required to pay an impact fee for the same improvements under this ordinance. 9. A fee payer installing a residential fire sprinkler system in a single family home shall not be required to pay the fire operations portion of the impact fee. The exempted fire operations impact fee shall not include the proportionate share related to the delivery of emergency medical services. Section 6. Regulations Established. TIVIC Section 16.26.125, "Residential Impact Fee Deferral," is hereby established to read as follows: 16.26.125 Residential Impact Fee Deferral A. Purpose. The purpose of this chapter is to comply with the requirements of RCW 82.02.050, as amended by ES135923, Chapter 241, Laws of 2015, to provide an impact fee deferral process for single-family residential construction in order to promote economic recovery in the construction industry. Me - rMO11nrj 1. The provisions of this chapter shall apply to all impact fees established and adopted by the City pursuant to Chapter 82.02 RCW, including impact fees for fire facilities assessed under Tukwila Municipal Code Chapter 16.26. 2. Submect to the limitations imposed in the Tukwila Municipal Code, the provisions of this chapter shall apply to all building permit applications for single-family detached and single - family attached residential construction. For the purposes of this chapter, an "applicant" includes an entity that controls the named applicant, is controlled by the named applicant, or is under common control with the named applicant. C. Impact Fee Deferral. 1. Deferral Request Authorized. Applicants for single - family attached or single-family detached residential building permits may request to defer payment of required impact fees until the sooner of: W: Word Processing\Ordinances\ResidentiaI impact fee deferral 10-20-16 BG:bjs Page 9 of 15 105 a. final inspection-, or b. the closing of the first sale of the property occurring after the issuance of the applicable building permit.- which request shall be granted so long as the requirements of this chapter are satisfied. 2. Method of Request. A request for impact fee deferral shall be declared at the time of preliminary plat application (for platted development) or building permit application (for non-platted development) in writing on a form or forms provided by the City, along with applicable application fees. 3. Calculation of Impact Fees. The amount of impact fees to be deferred under this chapter shall be determined as of the date the request for deferral is submitted. D. Deferral Term. The term of an impact fee deferral granted under this chapter may not exceed 18 months from the date the building permit is issued ("Deferral Term"). If the condition triggering payment of the deferred impact fees does not occur prior to the expiration of the Deferral Term, then full payment of the impact fees shall be due on the last date of the Deferral Term. E. Deferred Impact Fee Lien. 1. Applicant's Duty to Record Lien. An applicant requesting a deferral under this chapter must grant and record a deferred impact fee lien, in an amount equal to the deferred impact fees, against the property in favor of the City in accordance with the requirements of RCW 82.02.050(3)(c). 2. Satisfaction of Lien. Upon receipt of final payment of all deferred impact fees for the propertV, the City shall execute a release of deferred impact fee lien for the property. The propertV owner at the time of the release is responsible, at his or her own expense, for recording the lien release. F. Limitation on Deferrals. The deferral entitlements allowed under this chapter shall be limited to the first 20 single-family residential construction building permits per applicant, as identified by contractor registration number or other unique identification number, per year. Section 7. TMC Section 16.28.030 Amended. Ordinance No. 2366 §1 (part), as codified at TIVIC Section 16.28.030, "Definitions," is hereby amended to read as follows: 16.28.030 Definitions Terms or words not defined herein shall be defined pursuant to RCW 82.02.090 when given their usual and customary meaning. For the purposes of this ordinance, unless the context or subject matter clearly requires otherwise, the words or phrases defined in this section shall have the following meanings: W: Word Processing\Ordinances\ResidentiaI impact fee deferral 10-20-16 BG:bjs Page 10 of 15 106 1. 'Building permit" means an official document or certification of the City of Tukwila issued by the City's building official which authorizes the construction, alteration, enlargement, conversion, reconstruction, remodeling, rehabilitation, erection, placement, demolition, moving, or repair of a building or structure. 2. "City" means the City of Tukwila, Washington, County of King. 3. "Development activity" means any construction, reconstruction, or expansion of a building, structure, or use, or any changes in use of a building or structure, or any changes in the use of land, requiring development approval. 4. "Development approval" means any written authorization from the City, which authorizes the commencement of the "development activity." 5. "Encumber" means to reserve, set aside, or earmark the parks impact fees in order to pay for commitments, contractual obligations, or other liabilities incurred for the provision of parks services. 6. "Fee payer" is a person, corporation, partnership, an incorporated association or governmental agency, municipality, or similar entity commencing a land development activity that requires a building permit and creates a demand for additional parks capital facilities. 7. "Impact fee" means the payment of money imposed by the City on development activity pursuant to this ordinance as a condition of granting development approval in order to pay for the parks facilities needed to serve growth and development that is a proportionate share of the cost of parks capital facilities used for facilities that reasonably benefit development. Impact fees do not include reasonable permit fees, application fees, administrative fees for collecting and handling parks impact fees, or the cost of reviewing independent fee calculations. 8. "Low-income housing" means housing where monthly costs, including utilities other than telephone, do not exceed 30% of the resident's household monthly income and where household monthly income must be 80 percent or less of the King County Median family income adjusted for family size as reported by the U.S. Department of Housing and Urban Development. 99. "Owner" means the owner of record of real property, as found in the records of King County, Washington, or a person with an unrestricted written option to purchase property; provided, that if the real property is being purchased under a recorded real estate contract, the purchaser shall be considered the owner of the property. 10. "Parks facilities" means those capital facilities identified as park and recreational facilities in the City's Capital Facilities Plan. W: Word Processing\Ordinances\ResidentiaI impact fee deferral 10-20-16 BG:bjs Page 11 of 15 107 -911. "Proportionate share" means that portion of the cost for parks facility improvements that are reasonably related to the service demands and needs of development. Section 8. TMC Section 16.28.120 Amended. Ordinance No. 2366 §1 (part), as codified at TIVIC Section 16.28.120, "Exemptions," is hereby amended to read as follows: 16.28.120 Exemptions A. The parks impact fees are generated from the formula for calculating the fees as set forth in this erdinanGe_qhater. The amount of the impact fees is determined by the information contained in the adopted parks master plan and related documents, as appended to the City's Comprehensive Plan. All development activity located within the City shall be charged a parks impact fee, provided that the following exemptions shall apply. Any development aGtiVity or prejeGt whiGh has submitted a techniGally Gomp! building permit appliGation prior to the effeGtive date of this ordinaRGe shall be exempt from the payment of parks impaGt fees. B. The following shall be exempt from parks impact fees: 1. Replacement of a structure with a new structure having the same use, at the same site, and with the same gross floor area, when such replacement is within 12 months of demolition or destruction of the previous structure. 2. Alteration, expansion, or remodeling of an existing dwelling or structure where no new units are created and the use is not changed. 3. Construction of an accessory residential structure. 4. Miscellaneous improvements including, but not limited to, fences, walls, swimming pools, and signs that do not create an increase in demand for parks services. 5. Demolition of or moving an existing structure within the City from one site to another. 6. Low inGGme housing developed by individuals, nORPrOfit GGIFpGrations, or-a housing authority may be exempted from impaGt fees at the diSGFetieR Of City S subjeGt t(Y- a. Submittal of a fiscal impaGt analysis of the effeGt of impaGt fees up IGW iRGGme heusing and hew exempting SUGh housing frem impaGt fees uld forward the goals fer low in e housing in the City and Kong GGURty; b. Submi#al of adequate GUmentation showing that the housing will remain available for low iRGerne persons for a 10 year period ef time at affordable and W: Word Processing\Ordinances\ResidentiaI impact fee deferral 10-20-16 BG:bjs Page 12 of 15 WIN 6. Parks impact fees for the construction of low-income housing may be reduced at the discretion of the Parks and Recreation Director when requested by the property owner in writing prior to permit submittal and subject to the following criteria: a. Submittal of a fiscal impact analysis of how a reduction in impact fees for the project would contribute to the creation of low-income housing; b. Fee reduction table. Unit Size Affordability Target M6 2 or more bedrooms 80%2 40% ....... . ..... A,. L-911 III 1 0 AV VNV;q1.V V�FOM- gjZlar A r ART V 4 I A A M. m[Agn 6. Parks impact fees for the construction of low-income housing may be reduced at the discretion of the Parks and Recreation Director when requested by the property owner in writing prior to permit submittal and subject to the following criteria: a. Submittal of a fiscal impact analysis of how a reduction in impact fees for the project would contribute to the creation of low-income housing; b. Fee reduction table. Unit Size Affordability Target Fee Reduction 2 or more bedrooms 80%2 40% 2 or more bedrooms 60%2 60% Any size 50%2 80% Units to be sold or rented to a person or household whose monthly housing 1 costs, including utilities other than telephone, do not exceed 30% of the household's monthly income. 2 — Percentage of King County Median family income adjusted for family size as reported by the U.S. Department of Housing and Urban Development. c. The developer must record a covenant per RCW 82.02.060 (3) that prohibits using the property for any purpose other than for low-income housing at the original income limits for a period of at least 10 years. At a minimum, the covenant must address price restrictions and household income limits for the low-income housing, and that if the property is converted to a use other than low-income housing within 10 vears. the property owner must pav the City the applicable impact fees in effect at the time of conversion 7. Change of Use. A development permit for a change of use that has less impact than the existing use shall not be assessed a parks impact fee. 8. A fee payer required to pay for system improvements pursuant to RCW 43.21C.060 shall not be required to pay an impact fee for the same improvements under this ordinance. Section 9. Regulations Established. TIVIC Section 16.28.125, "Residential Impact Fee Deferral," is hereby established to read as follows: W: Word Processing\Ordinances\ResidentiaI impact fee deferral 10-20-16 BG:bjs Page 13 of 15 WIR 16.28.125 Residential Impact Fee Deferral A. Purpose. The purpose of this chapter is to comply with the requirements of RCW 82.02.050, as amended by ESB5923, Chapter 241, Laws of 2015, to provide an impact fee deferral process for single-family residential construction in order to promote economic recovery in the construction industry. - .. 1. The provisions of this chapter shall apply to all impact fees established and adopted by the City pursuant to Chapter 82.02 RCW, including parks impact fees assessed under Tukwila Municipal Code Chapter 16.28. 2. Subject to the limitations imposed in the Tukwila Municipal Code, the provisions of this chapter shall apply to all building permit applications for single- family detached and single- family attached residential construction. For the purposes of this chapter, an "applicant" includes an entity that controls the named applicant, is controlled by the named applicant, or is under common control with the named applicant. C. Impact Fee Deferral. 1. Deferral Request Authorized. Applicants for single-family attached or single-family detached residential building permits may request to defer payment of required impact fees until the sooner of: a. final inspection; or b. the closing of the first sale of the property occurring after the issuance of the applicable building permit; which request shall be granted so long as the requirements of this chapter are satisfied. 2. Method of Request. A request for impact fee deferral shall be declared at the time of preliminary plat application (for platted development) or building permit application (for non-platted development) in writing on a form or forms provided by the CitV, along with applicable application fees. 3. Calculation of Impact Fees. The amount of impact fees to be deferred under this chapter shall be determined as of the date the request for deferral is submifted. D. Deferral Term. The term of an impact fee deferral granted under this chapter may not exceed 18 months from the date the building permit is issued ("Deferral Term'). If the condition triggering payment of the deferred impact fees does not occur prior to the expiration of the Deferral Term, then full payment of the impact fees shall be due on the last date of the Deferral Term. W: Word Processing\Ordinances\ResidentiaI impact fee deferral 10-20-16 BG:bjs Page 14 of 15 110 E. Deferred Impact Fee Lien. 1. Applicant's Duty to Record Lien. An applicant requesting a deferral under this chapter must grant and record a deferred impact fee lien, in an amount equal to the deferred impact fees, against the property in favor of the City in accordance with the requirements of RCW 82.02.050(3)(c). 2. Satisfaction of Lien. Upon receipt of final payment of all deferred impact fees for the property, the City shall execute a release of deferred impact fee lien for the property. The property owner at the time of the release is responsible, at his or her own expense, for recording the lien release. F. Limitation on Deferrals. The deferral entitlements allowed under this chapter shall be limited to the first 20 single-family residential construction building permits per applicant, as identified by contractor registration number or other unique identification number, per year. Section 10. Corrections by City Clerk or Code Reviser. Upon approval of the City Attorney, the City Clerk and the code reviser are authorized to make necessary corrections to this ordinance, including the correction of clerical errors; references to other local, state or federal laws, codes, rules, or regulations; or ordinance numbering and section/subsection numbering. Section 11. Severability. If any section, subsection, paragraph, sentence, clause or phrase of this ordinance or its application to any person or situation should be held to be invalid or unconstitutional for any reason by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of the remaining portions of this ordinance or its application to any other person or situation. Section 12. Effective Date. This ordinance or a summary thereof shall be published in the official newspaper of the City, and shall take effect and be in full force five days after passage and publication as provided by law. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this day of 12016. ATTEST/AUTH E NTI CATE D: Christy O'Flaherty, MMC, City Clerk APPROVED AS TO FORM BY: Rachel B. Turpin, City Attorney Allan Ekberg, Mayor Filed with the City Clerk:— Passed by the City Council: Published: Effective Date: Ordinance Number: W: Word Processing\Ordinances\ResidentiaI impact fee deferral 10-20-16 BG:bjs Page 15 of 15 111 112 City of Tukwila Allan Ekberg, Mayor TO: Community Affairs and Parks Committee FROM: Nora Gierloff, DCD Deputy Director CC: Mayor Ekberg DATE: November 9, 2016 SUBJECT: Multi- Family Tax Exemption Discussion ISSUE Should Tukwila's Multi - Family Tax Exemption (MFTE) program be continued, expanded or revised? BACKGROUND The City Council adopted the MFTE program via Ordinance 2462 on December 1, 2014 with a sunset date of December 31, 2016. Under Washington State law (RCW 84.14) new or remodeled residential buildings meeting specific criteria may be exempted from paying property taxes for 8 or 12 years. Market rate projects may apply for the 8 -year exemption while the 12 -year exemption requires that at least 20 percent of the units be available to low and moderate income households. Various cities such as Seattle, SeaTac and Bremerton have MFTE programs. Cities may adopt additional eligibility criteria. Under Tukwila's current rules residential units must meet the following criteria to be eligible for exemption: 1. Be located within the "residential target area," which is defined as that portion of the TUC - TOD Zone of the Southcenter District that lies west of the Green River (see Attachment A); 2. The units must be in a residential or mixed -use structure containing at least four dwelling units; 3. The units in the project must average at least 500 square feet; 4. A minimum of 15 percent of the units must be at least 900 square feet and contain at least two bedrooms; 5. The units must be designed and used for permanent residential occupancy (thus, hotels and motels are not eligible); 6. The units must meet additional criteria related to private bathrooms and kitchens, meeting zoning and other code requirements, meetingtime limits, and the mix and configuration of any affordable units must be configured proportional to the mix of units (e.g. number of bedrooms). Tukwila's MFTE was adopted to incentivize residential development in the Southcenter District and Washington Place, the City's first residential high rise, has applied for the eight -year exemption. Unless extended via Council action, this incentive will sunset for new applicants at the end of this calendar year. 113 INFORMATIONAL MEMO Page 2 DISCUSSION CAP has requested a discussion of future options for extending and expanding the MFTE. It may be helpful to frame the discussion in terms of: What households are we trying to help? For example, what household income levels? What size of households? Renters and /or owners? MFTE could be used as an incentive to create more affordable housing. The minimum requirements for the 12 -year exemption are quite modest, 20% of units available to renters or buyers earning 80 -150% of area median income (AMI). The City has the ability under state law to set the affordability threshold and could lower it to encourage affordable housing for families on the lower end of the AMI scale. Setting limits on the unit mix, minimum square footage or number of bedrooms for all orjust affordable units would help fill the gaps in the City's housing stock. The concern in the past was that studio and 1 bedroom units are generally more profitable per square foot than larger units but contribute less to neighborhood stability and meeting the need for family sized housing. Tukwila could set different criteria for different areas of the City. 2. What geographic areas are we trying to affect? For example, are we trying to stimulate development in certain parts of Tukwila or everywhere? • The program has helped to support one pioneer project in the TUC -TOD but the Comprehensive Plan calls for even more residential development there. We have received interest from other multi - family housing developers and, at this time, we don't know if a property tax exemption is necessary to attract more housing in this area. • Another target area could be created in the Tukwila International Boulevard neighborhood. This could be a tool to incentivize new urban scale affordable housing development near the light rail station. 3. What sort of built environment are we trying to achieve? For example, are we trying to upgrade existing buildings or do we want to encourage new construction? Some cities allow existing buildings to be upgraded, with the added value of the improvements exempt from property tax. MFTE could be a tool to improve the poor housing conditions found in some of Tukwila's older apartment buildings while preserving that existing affordable housing. On TIB the incentive could be limited to only buildings that replace older buildings. To prevent displacement of existing tenants, the property owner could be required to adequately relocate them. The new building could be required to provide more units than the demolished building with at least the same number of affordable units as were previously there. 114 Z: \Council Agenda Items \DCD \MFTE Discussion \11 -14.16 CAP MFTE.doc INFORMATIONAL MEMO Page 3 FINANCIAL IMPACT If an MFTE qualified project was built on a vacant site the City, school district and other taxing districts would not receive property tax revenue for the project during the tax exemption period. If a currently taxable building was demolished and replaced with a building that qualifies for the MFTE then revenues would actually decrease during the tax exemption period by the amount the existing building had paid. RECOMMENDATION Information and discussion only. If there is interest in pursuing a new MFTE ordinance staff will develop language and return with a draft in 2017. ATTACHMENTS A. Map of Current MFTE Targeted Residential Area B. Comprehensive Plan Policy Relevant to MFTE Discussion Z:1Council Agenda Items \DCD \MFTE Discussion \11 -14 -16 CAP MFTE.doc 115 116 - - -------- MUM 3-1 I of Tukwila Iti-Family Property Tax Exemption ;idential Targeted Area ITarget Parcels ingCode j TUC-TOD Zone XEM 117 118 Comprehensive Plan Policy Relevant to the MFTE Discussion Housing Element GOAL 3.2 The City of Tukwila has safe, healthy and affordable homes for all residents in Tukwila. 3.2.4 Work with the owners and managers of Tukwila's new and existing permanent or long -term low - income housing to maximize desirability, long -term affordability, and connection with the community. 3.2.5 Develop affordable housing preservation programs and strategies, including prevention of the displacement of low - income households in areas of redevelopment. • Develop specific statements regarding location,.type and characteristics of desired housing affordable to a variety of incomes, for presenting to local for - profit and non - profit developers. • Partner with non - profit organizations and for - profit developers to acquire, rehabilitate, construct, preserve and maintain permanent affordable housing and support services. • Explore and develop incentive zoning, a housing trust fund, density bonuses, parking exemptions, deferred or reduced payment of impact fees, multi- family tax exemptions, and /or other tools to develop or maintain affordable housing that meets the needs of the community, specifically units sized and priced for low- and very- low - income residents. GOAL 3.3 The City of Tukwila supports and collaborates with other jurisdictions and organizations to assess. housing needs, coordinate funding, and preserve and create affordable housing opportunities. 3.3.2 Ina "State of Housing" report, periodically review regional low - income housing goals to evaluate the City's compliance with regional standards and to ensure that the City's affordable housing units are being preserved and maintained. Adjust policies as needed if affordable housing goals are not being met. 3.3.3 Continue supporting very low -, low- and moderate - income housing as defined by King County income levels, to address the Countywide need by supporting regional affordable housing development and preservation efforts. GOAL 3.4 The City of Tukwila has an improved and continually improving housing stock in support of enhanced neighborhood quality. 3.4.2 Continue to support the maintenance, weatherization, rehabilitation, and long -term preservation or replacement of existing housing for low- and moderate - income residents. • Explore partnerships with non - profits to facilitate the purchase and upgrade of poorly maintained rental housing. Attachment B 119 Tukwila International Boulevard District Element GOAL 8.8 The TIB District has stable neighborhoods, and residents and businesses that are actively engaged in improving the quality of life in the area. 8.8.1 Encourage private landowners to maintain and upgrade their property to protect the neighborhood from adverse impacts of vacant and underutilized sites and blighted buildings and structures. GOAL 8.10 Public and private investment in the TIB District has sparked additional project and business success and increased the overall pace of redevelopment. 8.10.5 Utilize developer incentives and funding strategies that would attract uses desired by the community, improve a project's performance, and make redevelopment financially attractive to developers. • Explore adopting a variety of development incentives and funding tools, such as the Multifamily Tax Exemption program for residential and residential /mixed -use projects; Land Conservation and Local Infrastructure Program (LCLIP) through Transfer of Development Rights (TDR) to add density, preserve developable open space, and fund infrastructure needed for development; pioneer project provisions; access to alternative financing including EB5 and New Market Tax Credits; transportation, concurrency adjustments; and developer agreements. Southcenter District Element GOAL 10.1 LAND USE Southcenter will contain an intense, diverse mix of uses, which will evolve over time. The character and pace of this change will be set by a combination of guidelines, regulations, incentives, market conditions, and proactive private /public actions, which will reinforce existing strengths and open new opportunities. The desire for a high - quality environment for workers, visitors and residents will also drive this character transition. 10.1.4 Tukwila Urban Center (Southcenter) Residential Uses. To preserve Tukwila's existing residential neighborhoods and to provide a diverse set of housing alternatives and locations, a large percentage of the City's future housing needs will be accommodated in the urban center. Residential development is encouraged in proximity to water amenities or within walking distance of the Sounder commuter rail /Amtrak station or the bus transit center, subject to design standards and incentives. 120 City of Tukwila Allan Ekberg, Mayor INFORMATIONAL MEMORANDUM TO: Community Affairs and Parks Committee FROM: Derek Speck, Economic Development Administrator CC: Mayor Ekberg DATE: November 9, 2016 SUBJECT: Developer Selection Process for Motel Site ISSUE City staff is seeking Council approval of a process to select a developer for the four parcels of land the City owns at 14420, 14440, 14442, and 14452 Tukwila International Boulevard. BACKGROUND In 2014 and 2015 the City purchased the Great Bear Motel, Boulevard Motel, Spruce Motel, and Sam Smoke Shop properties located at 14420, 14440, 14442, and 14452 Tukwila International Boulevard to reduce crime and revitalize the neighborhood. In 2016 the buildings were demolished and the land is now vacant. At the time of the acquisition the City had planned to sell the properties and currently has budgeted the sale to occur in 2018. Recently the City received letters from two organizations, El Centro de la Raza and HealthPoint, expressing interest in purchasing the properties. The letters are attached and provide a description of the organizations' proposed development of the site. Both organizations have expressed a desire to seek funding for their proposed development from Washington State in the 2017-18 biennium, which starts this January. HealthPoint anticipates the State funding could be as much as $3 million. They believe that an organization would need to have been selected by the City to begin negotiations in order to be competitive for State funding. DISCUSSION This staff report is not requesting a Council decision on whether to select either of the two organizations. The key questions at this time are whether to start a developer selection process and on what schedule. If the Council approves a developer selection process then staff would invite statements of interest from all organizations, evaluate them, and bring them back to the Council for a decision on whether to select one. Even if the City starts a selection process, the Council is not required to select any of the applicants. Further, even if the Council selects an application for negotiations, the City is not required to enter into an agreement with the applicant. Of course, we do not want to conduct a selection process and enter into negotiations if the Council is not willing to consider selling the property. In terms of whether to start a developer selection process, one key consideration is whether the City wants to use the property for a new Justice Center to house the police department and municipal court. We should note that this site is 1.7 acres and the facilities plan estimated the Justice Center would need 5 acres. The City has not yet conducted a study of possible sites for the Justice Center. If the Public Safety bond passes, it may take a few months to make a site location decision which could risk the state funding opportunity. 121 INFORMATIONAL MEMO Page 2 If the City wants to complete the selection process in time for the selected organization to compete for State funding, we would need to proceed on the following schedule: 11/8/16 Finance and Safety Committee discussion (completed) 11/8/16 Briefing to Tukwila International Boulevard Action Committee (completed) 11/14/16 Community Affairs and Parks Committee discussion 11/14/16 Council COW discussion of process 11/17/16 First publication inviting statements of interest and qualifications 11/21/16 Council Regular meeting with vote approving process 11/24/16 Second publication 12/1/16 Third publication 12/5/16 Statements of interest and qualifications due by 12:00 PM 12/9/16 Staff analysis and Council agenda published for public review 12/12/16 Council COW discussion of statements, staff analysis and options 12/12/16 Council Special Meeting authorizing Mayor to enter into negotiations 12/19/16 Council Regular meeting (if a decision is not made on 12/12) The opportunities for formal public input would be at the Council meetings on 11/17, 11/21, and 12/9, plus community members can always provide informal input through direct communication with Council and staff. It is important to note that if a developer is selected, there will be additional opportunities for public input as negotiations proceed and the City makes decisions on what requirements to include as part of the land sale. This schedule is very fast compared to the typical developer selection schedule. This is reasonable because the City already has a wealth of public input in terms of the community vision for the TIB neighborhood since the public has provided significant input through the Tukwila International Boulevard Revitalization Plan, Tukwila Village, the Tukwila International Boulevard Element of the Comprehensive Plan, and other community conversations. Staff believes that both organizations are well respected, experienced, and have positive visions for the community and the site and we don't want to miss an opportunity for a high quality project to receive state funding. We recommend the Council approve a selection process as outlined above. FINANCIAL IMPACT This item would have no financial or budget impact at this time. At some point the City will need to decide whether to sell the property. If the City does not sell the property, it will need to remove the revenue projection from the budget. If the City sells the property, it would receive revenue. RECOMMENDATION The Council is being asked to pass a motion approving the developer selection process as outlined in this memo and consider this item at the November 14, 2016 Committee of the Whole meeting and subsequent November 21, 2016 Regular Meeting. ATTACHMENTS Map of properties Letter from HealthPoint dated October 24, 2016 Letter from El Centro de la Raza dated November 7, 2016 122 Developer Selection Discussion -1 , al **v b.. _ = Sri I•s Or • Parcels Under Consideration A: Great Bear Motel, 14420 TIB B: Boulevard Motel, 14440 TIB C: Spruce Motel, 14442 TIB D: Sam Smoke Shop, 14452 TIB Note: Parcel E, Travelers Choice Motel is not included in the developer selection discussion. y Printed: 11/9/16 124 rv) T�� 1�1 ^ | [ ����| ���1M ���,cx^[^^^ ��^^x[ nwmxoolthvvmuhcorg October Z4,20I6 Mayor Allan Ekberg City ofTukwila 63O0SouthcenterBoulevard Tukwila, WA 98188 Dear Mayor Ekberg, xom|w|sTnxnow ea Powell Avenue Sw Renton, wmna05r mam(425)2n-13n raix (425) 277-1566 | am writing this letter toexpress Hea|thPoint'ufinn interest in purchasing the "motel" properties on International Boulevard between S.144m and S.14Gmstreets. VVe would like to purchase these properties in order to build a comprehensive health and wellness center. Hea|thPoint'sTukvvi|a Health and Wellness Resource Center is envisioned as a centrally located and well integrated facility that would include comprehensive primary medical and dental care as well as a host of other programs, services and resources that help the community get well and stay well. Hea|thPoint would expand upon its work to develop an innovative model that extends the traditional health center — a model that takes an active role in addressing community factors and the social conditions that impact the health of individuals and the community. HealthPoint has grown rapidly to meet increasing demand for affordable and accessible primary care, but has also realized the need for a more comprehensive approach that addresses the many needs of a community through collaborative partnerships and shared space. The Tukwila Health and Wellness Resource Center would engage and co-locate other partners working on important issues such as mental health and substance abuse, economic development, housing, education and job training. We envision a center with partners who work creatively and collaboratively to address the health needs of the Tukwila community and promote wellness. Early conversations have included leaders from the following organizations: Valley Cities Counseling, Navos, RAYS, LiheLnng, Global to Local, SHAG, Providence, Sa|a| Credit Union, the YMCA, and Bellwether Housing, and vve continue 10 consider and evaluate other potential partnerships. VVe recognize the pressures of affordable housing intoday's economy and are committed to exploring affordable housing as part of the development. HealthPoint has been providing affordable quality health care to South King County residents for 45 yea/s. Early clinic locations in Renton and SeaTac provided care to Tukwila residents, and in December, 2011 we opened our first location in Tukwila in partnership with Highline Hospital (at the old Riverton Hospital ER) to provide better access to primary care for area residents. Today, at Hea|thPointTukwi|a on Military Road we are a health care home to almost 2,000 Tukwila residents. This fall vve opened our adjacent dental clinic to provide better access to dental care for the community. While we are pleased to provide services at this location (Cascade Medical Building) the space is limited and the location continues tobeachallenge. With a relatively short lease /4.S years) we are ready to begin planning for a greater presence and new development, cum/C LOCATIONS: Avhv^ ^xohornNorth ' Bothell ' Federal Wa ^ �n ^w�w^ ' Redmond `nux*` `So�c 'T�w� ' Ewrg��,[ampv '�e {w�v ' ' 125 We've been planning for the Tukwila Health and Wellness Resource Center for many years. Our original planning for this started in 2012 when we were hoping to be a part of the Tukwila Village development. As our plans grew it became apparent that we would not be able to fit within that site. The properties adjacent to Tukwila Village would be a perfect location for this center, as our services would fit well with this new senior housing development. We are submitting this request now because there is an opportunity to approach the State Legislature in January, 2017 to ask for funding during the 2017 -2018 biennium. We believe we have the opportunity to receive as much as $3,000,000 to purchase the property and get the planning underway. In addition, there will likely be funding for projects like this during the 2019 -2020 biennium, so we would go back to the Legislature with a second ask for help in construction of the center. We would like to best position ourselves for these next two cycles of State funding that may be available to us, as the funding is critical to executing a project like this. We have been advised that in order to be selected for State funding we need the City to select us to begin negotiations to purchase the property. We are ready now to begin those negotiations to purchase the properties at market rates. For many years HealthPoint has partnered with the City of Tukwila to better understand the unique needs of this community and to bring services to the community. We have always planned to bring more comprehensive services to better address the needs and improve the health of individuals and community. We believe we can do this with the development of HealthPoint's Tukwila Health and Wellness Resource Center. We are grateful for your consideration of this request and we look forward to hearing back from you soon. In the meantime, please let us know if there is any additional information we can provide to you with this request. Since ely, �- Thomas Trompeter ti President and CEO 126 Programs & Services With over z 6, 000 volunteer hours, El Centro de to Roza serves 16,072 idividuals and 9,989 families through the following programs and services: Basic Healthcare Enrollment Bebes! Infant Mortality Prevention Cafe con El Centro Cesar Chavez Demonstration Garden College Readiness Comadres Community Meeting Space Community Service Crisis Advocacy Cultural / Political / Social Events DSHS People Point WA Connection Economic Development ECR Transitional Housing El Patio Apartments Employment Assistance ESL Classes / Spanish Classes Families & Education Levy Case Management Financial Empowerment Food Bank Foreclosure Counseling Growing & Learning Together Homeless Assistance Healthy Cooking Classes I Nuestras Comidas Hope for Youth Poetry & Civil Rights History Classes HUD Housing Counseling Immigrant / Human / Civil Rights Social Justice Advocacy Jose Marti Child Development Center Latino Hot Meal Program Legal Clinic Site Local, State, National & International Coalition Building Luis Alfonso Velasquez Flores After School Program Parent -Child Home Program Plaza Roberto Maestas Santos Rodriguez Memorial Park Senior Nutrition & Wellness Senior Home Delivered Meals Smoking Cessation Tax Prep Site Transit Oriented Parking Veteran's Services Youth Case Management & Cultural Enrichment Youth Employment Youth Technology Training Youth Violence Prevention Mayor Allan Ekberg City of Tukwila 6200 Southcenter Blvd. Tukwila, WA 98188 Estimado Mayor Ekberg, The Center for People of All Races A voice and a hub for the Latino community as we advocate on behalf of our people and work to achieve social justice. The intent of this letter is to inform the City of Tukwila of the interest of El Centro de la Raza in the development of the properties at: 14420, 14440, 14442, and potentially 14452 Tukwila International Boulevard, Tukwila WA 98168. In addition, El Centro is interested in the potential development of property in the Tukwila Transit Overlay Zone and other areas along Tukwila International Blvd. As an organization grounded in the Latino community, it is El Centro de la Raza's mission to build unity across all racial and economic sectors; to organize, empower and defend our most vulnerable and marginalized populations; and to bring justice, dignity, equality, and freedom to all the peoples of the world. El Centro de la Raza was founded in 1972, when a group of diverse community members led a peaceful three -month occupation of the abandoned Beacon Hill School to protest cuts in English as a Second Language classes. Today, as a hub of the Latino community in Seattle and King County, El Centro de la Raza provides 49 comprehensive programs and services that empower members of the Latino community and other diverse and historically underserved populations as fully participating members of society. El Centro de la Raza responds to the broad range of community needs with culturally and linguistically competent programs in areas of human and emergency services, children and youth, asset - building and education, and housing and economic development. Of the 16,072 individuals and 9,989 households served in 2015, 55% of participants were Latino, 91% were people of color, and 93% were low - income. Our vision for development would include a community inspired, mixed use transit oriented development along Tukwila International Blvd., to include affordable housing, retail space, and offices to support educational, asset building, economic development, child care and human services programs. In addition, our development would include a multicultural- community center space, a commissary kitchen and public open space that would support the development of small businesses and the establishment of an international style market. Community Action Agency • United Way Agency • Affiliate of National Council of La Raza 2524 16t1, Avenue South, Seattle, WA 98144 • (2o6) 957 -4634 tel • (2o6) 329 -0786 fax 27 www.elcentrodelaraza.org • 501(03 Nonprofit Tax ID: 91- o899927 El Centro hopes to expand its existing skills training and small business development services to the Tukwila area. Finally, the model we have in mind would develop retail business space and community and office space on the ground level and, affordable apartments in the upper floors. El Centro is open to partnerships with other organizations to provide additional services from the site, such as health care providers who have experience providing services to diverse communities and also led by communities of color. This project would support several elements of the City of Tukwila Comprehensive Plan, particularly in the Housing, TIB and Economic Development areas. To support economic development, El Centro would provide programs to improve and support the opportunities for education, skills training and job acquisition for Tukwila residents. By expanding our existing business opportunity center that supports entrepreneurs to develop their own small businesses, we would encourage and support aspiring local entrepreneurs, local startups and businesses to establish in Tukwila. An emphasis would be placed on businesses owned by people of color, women and veterans. With the inclusion of a commissary kitchen in the facility, the development will support food- related workforce development and entrepreneurship training, creating small businesses and new jobs for residents. A principal element of the development would be the creation of a significant number of high quality, affordable housing apartments. The mixed use development would feature ground level commercial and office space, and residences in the floors above street level. With a variety of educational and human services on site, families would be supported to permanently improve their economic well - being. El Centro de la Raza has a successful track record of working with affordable housing development consultants and funders to successfully finance the type of mixed use development we are proposing in the form of tax credits, fund development and other creative financing strategies. In relation to the Tukwila Village, this development would constitute an expansion of mixed use development, and an increase of local consumers living in the immediate area which will have a significant positive impact for local merchants. The development would support the community's expressed desire for attractive, walkable, locally- oriented activities that build on the Tukwila Village Project. The project would orient businesses along Tukwila International Blvd. to support a more vibrant, walkable business district. The project will provide public and private community gathering spaces for temporary events including food, art, music, pop -ups and activities that leverage nearby assets, such as schools and the library, and would reflect the international, multicultural character of the TIB area. Space and infrastructure will be provided to support permitted food vendors, pop -ups, and a farmer's market where residents and visitors will gather and sample multicultural flavor of the TIB area. For over four decades El Centro de la Raza has provided services and opportunities to immigrant, refugee, English Language Learners, low income, communities of color and other historically under - represented communities. In relation to affordable housing, El Centro's experience includes the development and management of affordable housing over the last 20 years. Our largest and most recent development is Plaza Roberto Maestas, Community Action Agency • United Way Agency • Affiliate of National Council of La Raza ,) 2$ 252416th Avenue South, Seattle, WA 98144 • (206) 957-4634 tel • (2o6) 329 -0786 fax www.elcentrodelaraza.org • 501(03 Nonprofit Tax ID: 91- 0899927 which is a new development at El Centro de la Raza, adjacent to the Beacon Hill Light Rail Station. This $45 million development, which was completed in the summer of 2016, has a total of 110 units of affordable housing available to individuals and families who earn between 30 % -60% of Area Median Income. This project was completed on time and under budget and also includes a new 9,200 square foot child development center. 3,200 square feet of Retail Restaurant space, a 570 square foot commercial kitchen, 4,500 square feet of office space and a beautiful 12,000 square foot public plaza. This development is a five over one design with the ground floor consisting of retail office and classroom space, and the top five floors consisting of affordable housing on the ground floor, and one, two and three bedroom apartments on the top five floors. El Centro de la Raza is interested in a partnership with the City of Tukwila that will support the creation of the development described above that will serve the residents of Tukwila for decades to come. We would look to negotiate a fair purchase price for the property, that makes this development affordable and mutually beneficial. In summary, with quality affordable housing, economic and retail development, job creation and educational and human services, this development will directly impact the quality of life for residents, help alleviate and eliminate poverty and offer amenities that support the social and economic health and vitality of the City of Tukwila and its residents. We appreciate your consideration and look forward to hearing back from you. Mil Gracias, Estela Ortega Executive Director El Centro de la Raza Community Action Agency • United Way Agency • Affiliate of National Council of La Raza 252416t" Avenue South, Seattle, WA 98144 • (206) 957 -4634 tel • (2o6) 329 -0786 fax www.elcentrodelaraza.org • 501(03 Nonprofit Tax ID: 91- 0899927 129 130