The URL can be used to link to this page

Home My WebLink AboutREG 2017-05-15 Item 6A - Ordinance - Multi-Family Residential Property Tax Exemption: Extend Application DeadlineR ------ --- I.. -I --hilials jkfeelh�g Date Prepen-ed by I id.. o r s I-ewl I ew C"oundl retiVeir 05/08/17 LM stimulate the construction of new housing in limited areas in the Tukwila Urban Center _D_L_.1z 05115/17 LM 0 Z C ' 1,)N Cornni 0 linance Cc�nitn. El ['ub, c Safevv FITrans &Infrastrucrurc E] Art4 Comin. P'arks conlim El Planning C 1',NIT SIIONSOit: LYNN MIRANDA 1) VJT 05/08/17 A(;1'M)A 11VMTITLF� An ordinance amending TMC 3.90 Multi - Family Residential Property Tax Exemption C 1'rr(iolo' Z Ohcu"xion [],wo/Jon EIRc,,iwluion Z 0�-(Iinany ,e 0 Bid .dwal"(i Z llub,,Yc I leariqv OIA'r ,V(�) Dale 0.5108117 A Dale g, Deae 05119117 A Qg Oafe A1V>'&'0.5/08/17 Af�' Owe SPONSOR E] (,'ounil [],V1q)'oi- E]1"1R ZD(J) Ell'inance E] Viir E7:,` E]PcIR ❑Police [:]PJV' []Cowl Under TMC 3.90, applications for multi-family tax exemptions offered as an incentive to stimulate the construction of new housing in limited areas in the Tukwila Urban Center were no longer accepted after December 31, 2016. The Council is being asked to hold a public hearing, consider, and approve an ordinance amending TMC 3.90.060.1) to extend the deadline to apply for the property tax exemption until December 31, 2017. 0 Z C ' 1,)N Cornni 0 linance Cc�nitn. El ['ub, c Safevv FITrans &Infrastrucrurc E] Art4 Comin. P'arks conlim El Planning C i)xn 04/24/17 HOUGARDY RECOMMENDATIONS: SP()N.1;()R/A1),\I1N. De artment of Community Development Co.\1\111"'FIFI Unanimous Approval; Forward to C.O.W. COST IMPACT / FUND SOURCE AMA) AmOUNT BUDGETED APPROPRIATION REQUIRED Fund Source: Comments: MTG.DATE RECORD OF COUNCIL ACTION 05/08/17 Forward to the next Regular Meetina MTG. DATE ATTACHMENTS 05/08/17 Informational Memorandum dated 04/19/17 Figure 3-1 Map of Targeted Residential Area Ordinance in draft form TMC 3.90 Minutes from the CDN Committee meeting of 04/24/17 5/15/17 Ordinance in final fom 121 122 loftoty of T d *IM U1 UKW1]La Washington A 0 V Z V o w 9 w i i t w w M Word Processing\OrdinanceslProperty tax exemption for qualified multi - fatuity housing extended 5-9-17,doc Mbjs Page 1 of 3 123 V KIMAIRTIM 15401WAL, I a RM &to rVii atom OR 0 1; 131 [M I A. The owner of property applying for exemption under this chapter shall submit an application to the Administrator, on a form established by the Administrator. The owner shall verify the contents of the appl'ication by oath or affirmation. The application shall contain the following information: 1. A brief written description of the project, including phasing if applicable, that states which units are proposed for the exemption and whether the request is for 8 or 12 years. 2, Preliminary schematic site and floor plans of the multi-family units, and the structure(s) in which they are proposed to be located. 3. A table of all units in the project listing unit number, square footage, unit type (studio, one bedroom, etc.), and indicating those proposed for the exemption. applicable, information describing how the applicant will comply with the affordability requirements in TMC Sections 3.90.040 and 3.90.050. 5. A statement from the owner acknowledging the potential tax liabillity when! the property ceases to be eligible for exemption under this chapter. 6. Any other information deemed necessary or useful by the Administrator. W: Word Processing\Ordinances\Property tax exemption for qualified multi-family housing extended 5-9-17.doc Mbjs Pagie 2 of 3 124 B. At the time of application under this section, the applicant shall pay to the City an initial application fee of $500 or as otherwise established by ordinance or resolution. If the application is denied, the City may retain that portion of the application fee attributable to its own administrative costs and refund the balance to the applicant, C. The complete application shall be submitted any time before, but no later than, the date the certificate of occupancy is issued under Title 16 of the Tukwila Municipal Code. MIS= Section 2. 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 • federal laws, codes, rules, or regulations; or ordinance numbering and section/subsection numbering. Section 3. 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 • unconstitutionality shall not affect the validity • constitutionality of the remaining portions • this ordinance • its application to any other person • situation. Section 4. Effective Date. This ordinance • a summary thereof shall • 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 2017. MIMI= Fff a a KOATI : 107.11%0 2 a A MINIM 11� M32IMMOMM Filed with the City Clerk: I"" by the City Council- Published: Effective Date: Ordinance Number: W Word ProcessinglOrdinanceslProperty tax exemption for quaHfied multi-family housing extended 5-9-17.doc LWbis Page 3 of 3 125