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• <br /> February 28,2007 <br /> Roll was <br /> called with all council members voting yes except Council <br /> Member Roberts who was excused. <br /> Motion carried. <br /> COUNCIL BILL NO.0702-07 <br /> THIRD AND FINAL READING: <br /> AN ORDINANCE amending the City's Multiple Family Housing <br /> Tax Provisions,Ordinance No.2347-08,(Chapter 3.78 EMC) <br /> Moved by Council Member Nielson,seconded by Council Member <br /> Overstreet that this s declared to be the third and fine)reading of Council <br /> Bill No.0702-07. <br /> Allan Gillen,Planning,explained the proposed amendment regarding the <br /> City's Multiple Family Housing Tax Provisions.He stated that the purpose <br /> of this ordinance is toe encourage development of m market rate <br /> housing In the downtown. q also reduces the number of dwellings <br /> required for eligibility from 20 units to 4 unhs and it expands the <br /> boundaries of the tax exemption area.It also extends the horizon of the <br /> tax exemption from 2008 to 2018. <br /> Council Members questioned whether this has been a success in the past <br /> and whether there needs to be a study regarding fiscal Impact. <br /> Valet Steel,2521 Grand Avenue,requested that action be postponed <br /> today.She vaned several concerns regarding the proposed ordinance. <br /> Cherie-e Rawson.823 Charles Avenue,agreed with the spilt of the <br /> proposed ordinance but asked that there be significant requirements for <br /> open space. <br /> Moved by Council Member Gipson,seconded by Council Member <br /> Olson to table this Item for one month. <br /> 71 <br />