Ordinance 2979-07 - Laserfiche WebLink

Section 3. Paragraph D.3 of Section 7 of Ordinance No. 2347-98 (EMC 3.78.070.D.3), which reads as follows: D. Project Eligibility. A proposed project must meet the following requirements for consideration for a property tax exemption: 3. Size. The project must include at least twenty units of multifamily housing within a residential structure. A minimum of twenty new units must be constructed or at least twenty additional multifamily units must be added to existing occupied multifamily housing. Existing multifamily housing that has been vacant for twelve months or more does not have to provide additional units so long as the project provides at least twenty units of new, converted or rehabilitated multifamily housing. Is hereby amended to read as follows: D. Project Eligibility. A proposed project must meet the following requirements for consideration for a property tax exemption: 3. Size. The project must include a minimum of: a) eight multifamily housing units; or b) four multifamily housing units in a building in which all residential units are located above the ground floor in a building containing a minimum of four-thousand square feet of commercial space on the ground floor; or c) eight 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 vacant for twelve months or more does not have to provide additional units so long as the project provides at least eight units of rehabilitated multifamily housing. Section 4. Paragraph D.6 of Section 7 of Ordinance No. 2347-98 (EMC 3.78.070.D.6), which reads as follows: 6. Compliance with Guidelines and Standards. The project must be designed to comply with the city's comprehensive plan, building, housing and zoning codes, and any other applicable regulations in effect at the time the applicant submits a fully completed application to the director. New construction must comply with the Uniform Building Code and all other applicable regulations. Rehabilitation and conversion improvements must comply with the Uniform Building Code, the city's housing ordinance as set forth in Title 16 of this code, and all other applicable regulations. For the duration of the exemption granted under this chapter, the property shall have no violations of applicable zoning requirements, land use regulations, or building and housing ordinance requirements for which a notice of violation has been issued and is not resolved by compliance, withdrawal or other final resolution. The project must also comply with any other standards and guidelines adopted by the city for the residential targeted area in which the project will be developed.