Everett Housing Authority 9/3/2024

limitations, with the other eight units as Park District Dwelling Units. (Example 2): if a qualified low-income housing project has 100 units, with 50 units with an income limitation at 40%AMI and 50 units with an income limitation at 80%AMI, then all 100 units will not be Park District Dwelling Units so long as they are occupied in accordance with their income limitations. No later than thirty(30)days after the end of each quarter, EHA will provide the City a list of Park District Dwelling Units,together with payment of the SEPA Mitigation Payments for the preceding quarter. EHA will provide any back-up information for EHA's calculation of the SEPA Mitigation Payments as reasonably requested by the City. B. Credit for Tax Payments. Consistent with the SEPA analysis in the EIS Addendum, to the extent the City collects property tax under Title 84 RCW(or successor statute)or leasehold excise tax under Title 82.29A RCW (or successor statute) arising from Property, then the City will credit the amount so collected against SEPA Mitigation Payments due (such credits, "Mitigation Credits"). Unused Mitigation Credits may be carried forward from year-to-year for application against subsequent SEPA Mitigation Payments when due, but in no case will any credit under this Section 1.B result in any refund of tax collected by the City. C. Cessation of Service. If the City ceases to provide fire or police service to the Property, then the SEPA Mitigation Payments for that service shall terminate. As an example, should a fire protection district assume responsibility for fire service for the Property while the City continues to provide police protection, the City shall no longer collect Fire SEPA Mitigation Payments, but the City may still collect Police SEPA Mitigation Payments. D. Annual Increase in SEPA Mitigation Payments. 1. Police Service SEPA Mitigation Payment. Beginning January 1, 2025, the Police SEPA Mitigation Payment per Park District Dwelling Unit will increase each January 1 by the percentage increase in annual salary of a City Police Officer Second Class (or successor classification)from the previous calendar year to the current calendar year. 2. Fire Service SEPA Mitigation Payment. Beginning January 1, 2025,the Fire SEPA Mitigation Payment per Park District Dwelling Unit will increase each January 1 by the percentage increase in annual salary of a City Firefighter/Paramedic (or successor classification) from the previous calendar year to the current calendar year. E. Fifteen-Year Waiver After Certificate of Occupancy. SEPA Mitigation Payments are waived for each Park District Dwelling Unit for fifteen years after issuance of the certificate of occupancy for that Park District Dwelling Unit. EHA will begin making Fire and Police SEPA Mitigation Payments for that Park District Dwelling Unit starting after the end of the fifteenth waiver year. If the end of the fifteenth waiver year occurs mid-calendar year, Fire and Police SEPA Mitigation Payments for that time period will be prorated based on a 365-day year. F. Illustrative Calculations. Exhibit B to this Mitigation Agreement contains illustrative reference calculations of the payments required in this Section 1.