The URL can be used to link to this page

Home My WebLink AboutORD 5151Amends ORD 5061 Amended by ORD 5192 CITY OF RENTON,W ASmNGTON ORDINANCE NO.5151 AN ORDINANCE OF THE CITY OF RENTON,WASHINGTON, AMENDING SECTION 4-1-220,PROPERTY TAX EXEMPTION FOR MULTI-FAMll..Y 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 MODIFYING THE DESIGNATED RESIDENTIAL TARGETED AREAS AND OTHER PROJECT ELIGmILITY REQUIREMENTS. WHEREAS,in 1995,the Washington State Legislature adopted Chapter 84.14 RCW,to encourage increased residential opportunities in cities required to plan under the Growth Management Act,by providing for special property tax valuations for eligible multi-family housing in targeted urban areas;and WHEREAS,Chapter 84.14 RCW,as amended,further authorized cities with a population of at least thirty thousand (30,000)to adopt procedures to implement the special property tax valuations;and WHEREAS,on December 15,2003,the Renton City Council held a public hearing to receive public comments regarding proposed designated "residential targeted areas"in the Center Downtown,Urban Center North and Center Village Comprehensive Plan designations for the purpose of allowing a limited property tax exemption for qualifying multi-family housing, pursuant to RCW 84.14.040(2);and WHEREAS,on December 22,2003,the Renton City Council adopted Ordinance No. 5061 (codified in RMC 4-1-220)to establish a property tax exemption incentive to encourage multi-family housing development in designated residential targeted areas;and 1 ORDINANCE NO.5151 WHEREAS,the City desires to modify the Urban Center North District 1 designated "residential targeted area'1 to help stimulate new construction of multi-family housing in the adjacent Commercial Office Residential 3 zone,thereby reducing development pressures on single-family residential neighborhoods and increasing housing opportunities;and WHEREAS,on June 27,2005,the Renton City Council held a public hearing to receive public comments regarding the proposed modification to the Urban Center North District 1 designated "residential targeted area"to add the adjacent Commercial Office Residential 3 zone; and WHEREAS,the Renton City Council desires to modify the project eligibility requirements to improve clarity and intent; NOW,THEREFORE,THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON,DOES ORDAIN AS FOLLOWS: SECTION I.Subsection 4-1-220.D,Project Eligibility,of Chapter 1, Administration and Enforcement,of Title N (Development Regulations)of Ordinance No.4260 entitled "Code of General Ordinances of the City of Renton,Washington"is hereby amended to read as follows: D.PROJECT ELIGffiILITY: To qualify for exemption from property taxation under this Section,the project must satisfy all of the following requirements: 1.Location:The property must be located in one ofthe designated "residential targeted areas"listed below in D.l.a,D.l.b or D.l.c of this Section.Ifa part of any legal lot is within a residential targeted area,then the entire lot shall be deemed to lie within the residential targeted area. 2 ORDINANCE NO.5151 a.Highlands:Within the Center Village Comprehensive Plan designation and in one ofthe following:the Center Village (CV)zone,the Residential Multi~Family (RM-F)zone,or the Residential 10 dwelling units/acre (R-IO)zone;or b.Downtown:In the Center Downtown (CD)zone,Residential Multi-Family Urban Center (RM-U)zone,or Residential Multi-Family Traditional (RM- T)zone;or c.South Lake Washington:In the Urban Center North District 1 (UC-NI)zone or Commercial Office Residential (COR 3)zone. 2.Size and Structure: a.Ifthe project is located in the Residential Multi-Family Urban Center (RM-U)zone or Residential Multi-Family Traditional (RM-T)zone or within the Center Village Comprehensive Plan designation and in either the Residential Multi- Family (RM-F)zone or the Residential 10 dwelling units/acre (R~10)zone,the project must (i)consist ofa minimum total often (10)new dwelling units of multi-family housing,and (ii)be located within a new residential structure(s)or a new mixed-use development as allowed by the RMe for the specific zone.At least fifty (50)percent of the space within the project shall be intended for permanent residential occupancy. b.Ifthe project is located in the Center Downtown (CD)zone,Urban Center North District 1 (DC-NI)zone,or Commercial Office Residential 3 (COR 3) zone,or within the Center Village Comprehensive Plan designation and in the Center Village (CV)zone,the project must (i)consist ofa minimum total ofthirty (30)new dwelling units of multi-family housing and (ii)be located in a new mixed-use development,unless otherwise waived by the Administrator.Ifthe Administrator waives 3 ORDINANCE NO.5151 the mixed-use development requirement,the multi-family housing must be located in a new residential structure(s).At least fifty (50)percent ofthe space within the project shall be intended for permanent residential occupancy. 3.Special Design Regulations for Projects Located in the Center Village Comprehensive Plan Designation or the Commercial Office Residential 3 (COR 3)Zone: a.Ifthe project is located in the Center Village (CV)zone or Residential Multi-Family (RM-F)zone within the Center Village Comprehensive Plan designation or in the Commercial Office Residential 3 (COR 3)zone,the project must also comply with the design standards and guidelines in RMC 4-3-100 for District 'C', even though the project is not located in the Urban Center North Comprehensive Plan designation,unless otherwise waived by the Administrator. b.Ifthe project is located in the Residential 10 dwelling units/acre (R-I0)zone within the Center Village Comprehensive Plan designation,the project must also comply with the design standards and guidelines in RMC 4-3-100 for District 'B', even though the project is not located in the Residential Multi-Family Traditional (RM-T) zone,unless otherwise waived by the Administrator.Ifthe project is located in the Center Village Residential Bonus District described in RMC 4-3-095,the project must also comply with the provisions therein. 4.Exception for Existing Residential Structure:In the case of an existing occupied residential structure that is proposed for demolition and redevelopment as new multi-family housing,the project must provide as a minimum number of dwelling units in the new multi-family housing project,the greater of: 4 ORDINANCE NO.5151 a.Replace the existing number of dwelling units and,unless the existing residential rental structure was vacant for twelve (12)months or more prior to demolition,provide for a minimum of four (4)additional dwelling units in the new multi- family housing project;or b.Provide the number of dwelling units otherwise required in RMC 4-1-220D2 5.Completion Deadline:The project must be completed within three (3) years from the date of approval ofthe contract by the City Council as provided in RMC 4-1-220.F.2 or by any extended deadline granted by the Administrator as provided in RMC 4-1-220.1 SECTIONIL This ordinance shall be effective upon its passage,approval,and five (5)days after its publication. PASSED BY THE CITY COUNCIL this 1s t day of __A_u---'g:::-u_s_t --',2005. Bonnie I.Walton,City Clerk APPROVED BY THE MAYOR this 1st day of __A_u-..:g:.....u_s_t -:>,2005. -tC-4Ykt4 ~iAJ~ Kathy Kooiker-Wheeler,MayorA:P as to fonn: ~p.4'l"~';So Lawrence 1.Warren,City Attorney Date ofPublication:8/ 5/2 005 (summary) ORD:1194:617/05:ma 5