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HomeMy WebLinkAboutRes 2075 - Intent to Designate Residential Target Area for Multi-Family Property Tax Exemption ProgramCity of Tukwila Washington Resolution No. 2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, STATING THE CITY'S INTENT TO CONSIDER DESIGNATING A RESIDENTIAL TARGETED AREA FOR THE PURPOSE OF ESTABLISHING A MULTI -FAMILY PROPERTY TAX EXEMPTION PROGRAM, AND SETTING THE TIME FOR A PUBLIC HEARING TO CONSIDER THE DESIGNATION OF THE AREA. WHEREAS, chapter 84.14 of the Revised Code of Washington (RCW) provides for exemption from ad valorem property taxation for eligible improvements associated with qualified multiple -unit housing in urban centers; and WHEREAS, in order to establish a multi -family property tax exemption program, the City must designate one or more residential targeted areas within which qualified projects may apply for tax exemption; and WHEREAS, the King County Countywide Planning Policies (KCCPP), developed pursuant to the Washington State Growth Management Act, have established standards for cities to plan for their share of regional growth and affordable housing; and WHEREAS, the Southcenter area currently lacks sufficient available, desirable, and convenient residential housing available to all ages, including affordable housing, to meet the needs of the public who would be likely to live and work in the area, if affordable, desirable, attractive, and livable places were available; and WHEREAS, the Southcenter area includes the Tukwila South Overlay zone, which has capacity for new development, and the Tukwila Urban Center zone, which is one of the region's designated urban growth centers and has access to high capacity transit; and WHEREAS, the City intends to assist in achieving its residential growth targets and goals in the City's Housing and Urban Center Element of the City's Comprehensive Plan by encouraging new multi -family housing in the Southcenter area; and WHEREAS, on December 1, 2014, the City Council adopted Ordinance No. 2462, which established a multi -family property tax exemption program and designated a residential targeted area that covered the portion of the Tukwila Urban Center's Transit Oriented Development district that lies west of the Green River; and CC:\Legislative Development\Multi-Family Property Tax Exemption Program 7-11-23 Derek Speck: Review by Andy Youn Page 1 of 2 WHEREAS, the City desires to expand the boundaries of the residential targeted area to include all of the Tukwila Urban Center zone and the Tukwila South Overlay zone, hereafter collectively referred to as the "Southcenter residential targeted area," for the purposes of establishing a multi -family property tax exemption program per chapter 84.14 RCW; and WHEREAS, RCW 84.14.040(2) states that a governing authority may adopt a resolution of intention to designate an area described in the resolution; and WHEREAS, in accord with RCW 84.14.040(2), the resolution must state the time and place of a hearing to be held by the governing authority to consider the designation of the area; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: Section 1. The City of Tukwila intends to consider designating the area within the boundaries of the Tukwila Urban Center zone and the Tukwila South Overlay zone, as shown on maps attached hereto and incorporated herein by reference as Exhibit A, as the Southcenter residential targeted area for the purposes of establishing a multi -family property tax exemption program per chapter 84.14 RCW. Section 2. A public hearing to consider designating the Southcenter residential targeted area will be held at a Committee of the Whole meeting of the City Council on August 14, 2023. The meeting will be held at 7:00 p.m. in the Council Chambers at 6200 Southcenter Boulevard, Tukwila, Washington. PASSED BY THE CITY COUNCIL OF THE C TY OF TUKWILA, WASHINGTON, at a Special Meeting thereof this 2, day of , 2023. ATTEST/AUTHENTICATED: DocuSigned by: L 88678483CB594E7... Christy O'Flaherty, MMC City Clerk Acting Council President Mohamed Abdi APPROVED AS TO FORM BY: ,---DocuSigned by: '-5E499CA4165E452... Office of the City Attorney Filed with the City Clerk: "1g'23 Passed by the City Council: 1-v(- 73 Resolution Number: 2 61 --4-‹ Attachment: Exhibit A — Maps of Proposed Southcenter Residential Targeted Area CC:\Legislative Development\Multi-Family Property Tax Exemption Program 7-11-23 Derek Speck: Review by Andy Youn Page 2 of 2 Southcenter Residential Targeted Area — TUC Portion 7/6/2023, 2:40:05 PM — Parcels City Limits Overlay Areas Zoning TUC -P Tukwila Urban Center - Pond TUC -RC Tukwila Urban Center - Regional Center TUC -CC Tukwila Urban Center - Commercial Corridor TUC -WP Tukwila Urban Center- Workplace TUC-TOD Tukwila Urban Center -Transit Oriented Development 1:18,056 0 0.13 0.25 0 0.23 0.45 City of Tukwila, King County, King County 0.5 mi l � 0.9 km City of Tukwila Southcenter Residential Targeted Area — TSO Portion TUC -cc 111mi Tin 17&i+ mammal ; -1 I TUC -WP .;._un; ' IutwNa 4ar�,'ly xia craw la `14 111 I (Itt St , 7/6/2023, 2:44:48 PM Parcels City Limits Overlay Areas Zoning TUC -P Tukwila Urban Center - Pond TUC -CC Tukwila Urban Center - Commercial Corridor TUC -WP Tukwila Urban Center - Workplace 1:18,056 0 0.13 0.25 I 0 0.23 0.45 City of Tukwila. King County, King County 0.5 mi 0.9 km City of Tukwila