2007/03/21 Council Minutes - Laserfiche WebLink

March 21,2007 Roll was called with all council members voting yes. Motion carried. COUNCIL BILL NO.0702-07—RECONSIDERATION MULTIPLE FAMILY HOUSING TAX PROVISIONS Moved by Council Member Olson,seconded by Council Member Roberts to adopt a proposed ordinance amending the Citys Multiple Family Housing Tax Provisions,Ordinance No.2347-98(Chapter 3.78 EMC), also known as Council Bill No.0702-07,which is being brought back for reconsideration. Moved by Council Member Nielsen,seconded by Council Member Overstreet to amend Sections 1 and 3 and add a new Section 13 to the proposed ordinance as follows: Section 1D—replace the verbiage'Your or more"with"the number of and add the verbiage "specified in EMC 3.78.070.0.3 that are"after dwelling units.Divide Section 3 into subsections a,b,and c.Section 3D,3a—delete the word'Your"and add verbiage to read"eight multiple housing units in a building that is devoted entirely to residential use;3b—add verbiage to read'Your multifamily housing units in a building in which all residential units are located above the around floor in a building containing aof four-thoosand square feet of c commercial s on the ground floor;and 3c—add and delete verbiage to read as follows,"neight units of rehabilitated multifamily housing, provided that conversion of buildings originally constructed as single family dwellings to multiple family dwellings shall not be eligible for the property tax exemption provided herein, and further provided that existing multifamily housing that has been cant for twelve months or e does not have to provide additional units so long as the project provides at leaseeight units of rehabilitated multifamily housing. Add a Section 13 to read as follows,"Annual Report. The Planning Director shall provide an annual report to the City Council each January indicating the status of applications for the Multiple Family Housing Property Tax Exemption Sled in the preceding year,the number of projects and 93