HomeMy WebLinkAboutORD 5525CITY OF RENTON, WASHINGTON
ORDINANCE NO. 5525
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, AMENDING SECTION
4-1-220, PROPERTY TAX EXEMPTION FOR MULTI-FAMILY HOUSING IN
RESIDENTIAL TARGETED AREAS, OF 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 EXTENDING THE PROPERTY TAX EXEMPTION AND
MODIFYING THE NAME OF THE HIGHLANDS DESIGNATED RESIDENTIAL
TARGETED AREA.
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 successful in encouraging increased
residential opportunities and in stimulating new construction of multi-family housing in
residential targeted areas; and
WHEREAS, the City now seeks to rename the "Highlands" designated residential
targeted area as the "Sunset Area" to correspond with the recent planning effort in the area;
and
WHEREAS, aside from the name change, the existing purpose and applicability of the
property tax exemption and the eligible zoning and boundary of the "Highlands" designated
residential targeted area will remain the same; and
WHEREAS, the City further seeks to amend RMC 4-1-220 to extend the property tax
exemption to encourage additional future multi-family housing projects in the residential
targeted areas;
ORDINANCE NO. 5525
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DOES
ORDAIN AS FOLLOWS:
SECTION I. Subsection 4-l-220D.l.a, Highlands, of 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" is hereby amended to change the title
to "Sunset Area", and to read as follows:
a. Sunset Area: Within the Center Village Comprehensive Plan designation
and in one of the following: the Center Village (CV) Zone, the Residential Multi-
Family (RM-F) Zone, or the Residential 14 Dwelling Units/Acre (R-14) Zone; or
SECTION II. Subsection 4-1-220M, Sunset of Exemption for Applications for
Conditional Certificates, of 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" is hereby amended to read as follows:
M. SUNSET OF EXEMPTION FOR APPLICATIONS FOR CONDITIONAL
CERTIFICATES:
The City shall not accept new applications for conditional certificates as
provided in RMC 4-1-220E after December 31, 2012, unless extended by City
Council action. Incomplete applications for conditional certificates as of
December 31, 2012, shall be returned to owners. Notwithstanding the above,
the City shall process (1) pending complete applications for a conditional
certificate as of December 31, 2012, and (2) applications for an extension of the
conditional certificate and/or a final certificate received after December 31,
ORDINANCE NO. 5525
2012, as provided in this Section under RMC 4-1-220D through 4-1-220J. RMC 4-
1-220C and 4-1-220J through 4-1-220L shall continue to apply to all properties
that have been or are issued a final certificate of tax exemption under this
Section until expiration, termination or cancellation of the tax exemption.
SECTION III. This ordinance shall be effective upon its passage, approval, and thirty
(30) days after publication.
PASSED BY THE CITY COUNCIL this 1st day of February _, 2010.
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Bonnie I. Walton, City Clerk
APPROVED BY THE MAYOR this 1st day of February , 2010.
Approved as to form:
Lawrence J. Warren, City Attorney
Date of Publication: 1/5/203)0 ( summary)
ORD:1618:12/18/09:scr
Denis Law, Mayor