Ordinance 3635-18 - Laserfiche WebLink

,**4-P* El/E?ETT ORDINANCE NO. 3635-18 An Ordinance concerning exemption from real property taxation for the development of multifamily housing in urban centers and designated residential target areas, repealing Ordinance No. 2347-98 in accordance with Section 1 of this Ordinance,and amending Ordinance No. 3390-14 to establish fees for the processing of multifamily tax exemptions. WHEREAS,the Washington State Legislature in Chapter 84.14 provided for the value of new housing construction, conversion, and rehabilitation improvements qualifying under the chapter to be exempt from ad valorem property taxation; and WHEREAS,the City Council finds that within the urban centers of Everett, including Metro Everett, North Broadway, Evergreen Way, and Waterfront,there is insufficient availability of desirable and convenient residential units, including affordable housing units, to meet the needs of the growing number of the public who would live in these urban centers if these desirable, convenient, attractive, affordable, and livable places to live were available; and WHEREAS, the development of additional housing units within these urban centers of Everett will attract and maintain a significant increase in the number of residents which will, in part, achieve the planning goals mandated by the Growth Management Act and the housing goals of the City's Comprehensive Plan; and WHEREAS, the City has established a fee schedule for the processing of land use applications, permits, review processes and related services(Ordinance No. 3390-14), and the time processing an application for an exemption from real property taxation should be included in a fee schedule. NOW,THEREFORE,THE CITY OF EVERETT DOES ORDAIN: Section 1. Ordinance No. 2347-98 (EMC 3.78), Multifamily Housing Property Tax Exemption, is repealed in its entirety, including the following amending ordinances, or parts of ordinances: Ord. 2408-99 in its entirety; Ord. 2658-05 in its entirety; Ord. 2979-07 in its entirety; Ord. 3032-07 in its entirety; Ord. 3271- 12 in its entirety; Ord. 3334-13 in its entirety; Ord. 3428-15 in its entirety; Ord. 3434-15 in its entirety; Ord. 3488-16 in its entirety; Ord. 3495-16 in its entirety; Ord. 3555-17 in its entirety; and Section 3 of Ord. 3617-18. Section 2. Title 3, Revenue and Finance, is hereby amended by the addition of the following chapter: Multifamily Housing Property Tax Exemption, as set forth below. Multifamily Tax Exemption 1 11/21/18