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Title 08
Chapter 08.15
Section 08.15.070
 

Title 08 Taxation and Revenue

Chapter 08.15 Multiple-family Housing Property Tax Exemption

Section 08.15.070 Extension of Conditional Certificate

The conditional certificate may be extended by the director for a period not to exceed twenty-four consecutive months. The applicant shall submit a written request stating the grounds for the extension together with the appropriate fee as set forth in SMC 8.02.0695 for the City’s administrative cost to process the request. The director may grant an extension if the director determines that:

  1. the anticipated failure to complete construction or rehabilitation within the required time period is due to circumstances beyond the control of the owner; and
     
  2. the owner has been acting and could reasonably be expected to continue to act in good faith and with due diligence; and
     
  3. all the conditions of the original contract between the applicant and the City will be satisfied upon completion of the project.

Date Passed: Monday, May 7, 2007

Effective Date: Wednesday, June 20, 2007

Recodification ORD C34025 Section 1