Title 08 Taxation and Revenue
Chapter 08.15 Multiple-family Housing Property Tax Exemption
The director may approve the application if they find that:
a minimum of four new units are being constructed or in the case of occupied rehabilitation or conversion a minimum of four additional multi-family units are being developed;
if applicable, the proposed multi-unit housing project meets the affordable housing requirements as described in SMC 8.15.090;
the proposed project is, or will be at the time of completion, in conformance with all local plans and regulations that apply at the time the application is approved;
the owner has complied with all standards and guidelines adopted by the City under this chapter; and
the site is located in a residential targeted area of an urban center that has been designated by the governing authority in accordance with procedures and guidelines indicated in RCW 84.14.040.
The director shall approve or deny an application under this chapter within sixty days after receipt of the completed application.
If the application is approved, the applicant shall enter into a conditional contract with the City, subject to approval by the city council, regarding the terms and conditions of the project and eligibility for exemption under this chapter.
The city council's approval of the applicant's conditional contract with the City shall take place within sixty days of the director's approval of the completed application.
Upon city council approval of the contract, the director shall execute the contract as approved by the city council, and the director shall issue a conditional certificate of acceptance of tax exemption.
The conditional certificate shall expire three years from the date of city council’s approval unless an extension is granted as provided in this chapter.
If the application is denied, the director shall state in writing the reasons for the denial and send notice of denial to the applicant at the address listed on the application within ten days of the denial.
An applicant may appeal the director's denial of the application to the city council within thirty days of receipt of the denial.
The appeal before the city council will be based upon the record before the director, and the director's decision will be upheld unless the applicant can show that there is no substantial evidence on the record to support the director's decision.
The city council's decision on appeal is final.
Date Passed: Monday, August 21, 2017
Effective Date: Saturday, October 7, 2017
ORD C35524 Section 5