Ordinance 2979-07 - Laserfiche WebLink

WHEREAS, only two developments have benefited from the property tax exemption since it was enacted by the City in 1998; and WHEREAS, RCW 84.14 allows the property tax exemption, at the discretion of the City, to apply to qualifying developments with as few as four dwelling units; WHEREAS, the City Council finds the following: 1. Extending the time frame allowing for a property tax exemption for multiple family housing from 2008 to 2018 is necessary to encourage the further development of housing to support the redevelopment of downtown and the Everett Station area in a positive manner consistent with the City's Growth Management Comprehensive Plan. 2. Expanding the boundaries of the multiple family housing tax exemption will support the redevelopment of downtown and the Everett Station area in a positive manner consistent with the City's Growth Management Comprehensive Plan. 3. Allowing the multiple family property tax exemption to apply to developments of fewer than twenty housing units will encourage adaptive reuse of existing older buildings within downtown and the Everett Station area and the development of mixed use buildings and more residential buildings consistent with the City's Growth Management Comprehensive Plan. 4. Establishing additional requirements to include quality design measures and use of quality materials in the construction of developments receiving the property tax exemption provides for the public to be benefited as well as the property owner by high quality development in downtown and the Everett Station area, consistent with the City's Growth Management Comprehensive Plan. 5. The amendments to the City's Multiple Family Housing Property Tax Exemption regulations are consistent with the City's Growth Management Comprehensive Plan, and promote the best long-term interests of the Everett Community. NOW, THEREFORE, THE CITY OF EVERETT DOES HEREBY ORDAIN: Section 1. Paragraph D of Section 3 of Ordinance No. 2347-98 (EMC 3.78.030.D), which reads as follows: D. "Multifamily housing" and "multiple-unit housing" are used synonymously in this chapter and mean a building having twenty or more dwelling units not designed or used as transient accommodations, not including hotels and motels and designed for permanent residential occupancy resulting from new construction, rehabilitation or conversion of a vacant, underutilized or substandard building to multifamily housing.