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EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET 9 <br /> PROJECT TITLE: <br /> Multifamily Tax Exemption Consent COUNCIL BILL# <br /> Agreement between Everett X Action Originating Department <br /> Elks Lodge#479 and the City First Reading Contact Person Dave Tyler <br /> concerning a limited tax Second Reading Phone Number (425) 257-7155 <br /> exemption for the Elks Club Third Reading FOR AGENDA OF August 22, <br /> condominium project. 2007 <br /> Public Hearing <br /> Initialed by: <br /> Department Head <br /> CAA <br /> Council President kir p <br /> Location Preceding Action Attachments Department(s) Approval <br /> 2731 Rucker Ave. SEPA Approval Tax Exemption Planning/Community <br /> Agreement (2 copies) Development <br /> Amount Budgeted <br /> Expenditure Required Account Number(s): <br /> Budget Remaining <br /> Additional Required <br /> DETAILED SUMMARY STATEMENT: • <br /> The project is a 9-unit residential condominium with 11,410 square feet of non-residential space located at <br /> 2802 Hoyt Avenue. The environmental review is complete and the Applicant has requested a limited, 10- <br /> year multiple family tax exemption for the 9 residential units under City Ordinance No. 2347-98, as amended <br /> by Ordinance No's 2408-99 and 2979-07. Note: the tax exemption does not apply to the non-residential <br /> space within the building. <br /> RECOMMENDATION (Exact action requested of Council): Authorize the Mayor to sign the Multifamily <br /> Tax Exemption Agreement between the Everett Elks Lodge #479 and the City concerning a limited tax <br /> exemption for the Elks Club Condominium project. <br /> 28 <br />