HomeMy WebLinkAboutORD 5427Amends ORD 5400
CITY OF RENTON,WASHINGTON
ORDINANCE NO.5427
AN ORDINANCE OF THE CITY OF RENTON,WASHINGTON,
AMENDING CHAPTER 1,ADMINISTRATION AND ENFORCEMENT,
OF TITLE IV (DEVELOPMENT REGULATIONS)OF ORDINANCE NO.
4260 ENTITLED "CODE OF GENERAL ORDINANCES OF THE CITY
OF RENTON,WASHINGTON,"BY MODIFYING THE APPLICATION
DEADLINE FOR MULTI-FAMILY HOUSING TAX EXEMPTIONS.
WHEREAS,on December 22,2003,the Renton City Council adopted Ordinance No.
5061 (codified in RMC 4-1-220)to establish a limited property tax exemption to encourage
multi-family housing development in designated residential targeted areas;and
WHEREAS,the provisions of Section 4-1-220,Property Tax Exemption for Multi-
Family Housing in Residential Targeted Areas,have been useful in helping to encourage
increased residential opportunities and stimulate new construction of multi-family housing in
residential targeted areas;and
WHEREAS,the Renton City Council desires to amend RMC 4-1-220 to modify the
application deadline to provide greater flexibility;
NOW,THEREFORE,THE CITY COUNCIL OF THE CITY OF RENTON,
WASHINGTON,DOES ORDAIN AS FOLLOWS:
SECTION I.Subsection 4-1-220E,Application Procedure,of Chapter 1,
Administration and Enforcement,of Title IV (Development Regulations)of Ordinance No.4260
entitled "Code of General Ordinances ofthe City of Renton,Washington,"is hereby amended to
read as follows:
E.APPLICAnON PROCEDURE:
1.Form:The owner of property applying for exemption under this
Section shall submit an application to the Administrator on a form
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ORDINANCE NO.5427
established by the Administrator.The owner shall verify the correctness of
the information contained in the application by his/her signature and
affirmation made under penalty of perjury under the laws of the State of
Washington.The application shall contain such information as the
Administrator may deem necessary or useful,which at a minimum shall
include:
a.A completed City application form,including information
setting forth the grounds for tax exemption and whether the owner
elects to rent or sell at least twenty percent (20%)of the multi-
family housing units as affordable housing to low-and moderate-
income households to qualify for the twelve (12)year exemption
defined in subsection (C)(1 )(b )(ii)of this Section;
b.A brief written description of the project,and schematic
site and floor plans of the multi-family dwelling units and the
structure(s)in which they are proposed to be located;
c.Floor and site plans of the proposed project,which plans
may be revised by the owner provided such revisions are made and
presented to the Administrator prior to the City's final action on
the exemption application;
d.A statement from the owner acknowledging the potential
tax liability when the property ceases to be eligible for exemption
under this Section.
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ORDINANCE NO.5427
2.Fee:At the time of initial application under this Section,the owner
shall pay to the City an initial application fee of one thousand dollars
($1,000.00).
3.Deadline:The application shall be submitted prior to the issuance
of the building permit for the project,unless otherwise approved by the
Council.The Administrator shall approve or deny an exemption
application within ninety (90)days of receipt of a complete application.
SECTION II.This ordinance shall be effective upon its passage,approval,and
thirty (30)days after its publication.
PASSED BY THE CITY COUNCIL this 17th day of __N_o_v_e_m_b_e_r ,2008.
Bonnie 1.Walton,City Clerk
APPROVED BY THE MAYOR this 17th day of November
~1k-Den s Law,Mayor
A.;t:Pro d as to form:
Au"".,~~<:Yl~'c..t ~,;'4 .>~,(;'vv"c •~
Lawrence 1.Warren,City Attorney
Date of Publication:11/22/2008 (summary)
ORD.1512:10/30/08:scr
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,2008.