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• <br /> + <br /> • I <br /> • b. Four multifamily housing units in a building in which all residential units are located above <br /> the ground floor in a building containing a minimum of four thousand square feet of commercial <br /> space on the ground floor; or <br /> c. Eight units of rehabilitated multifamily housing;provided,that conversion of buildings <br /> originally constructed as single-family dwellings to multiple-family dwellings shall not be <br /> eligible for the property tax exemption provided herein;and further provided,that existing . <br /> multifamily housing that has been vacant for twelve months or more does not have to provide <br /> additional units so long as the project provides at least eight units of rehabilitated multifamily <br /> housing. <br /> 4. Permanent Residential Housing.At least fifty percent of the space designated for <br /> multifamily housing must be provided for permanent residential occupancy,as defined in <br /> Section 3.78.030(3) and only that portion of the space designated for multifamily housing shall <br /> be eligible for the exemption provided for herein. <br /> 5. Proposed Completion Date.New construction multifamily housing and rehabilitation <br /> improvements must be completed within three years from the date of approval of the application, <br /> plus any extension of time granted under Section 3.78.090(B). <br /> 6. Compliance with Guidelines and Standards.The project must be designed to comply with <br /> the city's comprehensive plan,building,housing and zoning codes,design guidelines, and any <br /> other applicable regulations in effect at the time the applicant submits a fully completed <br /> application to the director. For the duration of the exemption granted under this chapter,the <br /> property shall have no violations of applicable zoning requirements,land use regulations, or <br /> building and housing ordinance requirements for which a notice of violation has been issued and <br /> is not resolved by compliance,withdrawal or other final resolution_The project must also <br /> comply with any other standards and guidelines adopted by the city for the residential targeted <br /> area in which the project will be developed. <br /> 7. Off-Street Parking. <br /> a. The project must provide all required parking spaces on site. <br /> b. The parking requirements for multiple-family dwellings of the Everett zoning code are <br /> applicable to multifamily residences provided for in this chapter. <br /> c. The term"parking spaces on site"means that all the parking required under applicable city <br /> codes and requirements*11 be off-street parking.and provided on the property subject to the <br /> application for tax. ----= =p L101i hereunder or Oil any COrItiG OLiS parcel ov,`ned by ill; applicant n!and <br /> 8 <br />