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HomeMy WebLinkAbout1938RESOLUTION NO. _,_q __ A RESOLUTION of the city council of the city of Kent, Washington, establishing an Urban Center as defined for multi-family residential tax exemption purposes, setting a public hearing on December 13, 2016, to consider designating the proposed Riverbend Gateway project area as a Residential Targeted Area within the Urban Center for multi-family limited property tax exemptions, and declaring the city council's intent to designate the Riverbend Gateway project area as a Residential Targeted Area pursuant to Chapter 84.14, Revised Code of Washington. RECITALS A.Due to the mandates in Chapter 84.14 Revised Code of Washington (RCW), the city council elects under Kent City Code 2.57.040(B) to consider this matter directly, rather than have efforts duplicated by the Land Use and Planning Board. B.Chapter 84.14 RCW provides for exemption from ad valorem property taxation for qualifying multifamily housing located in Residential Targeted Areas within Urban Centers as defined in that chapter and authorizes cities to adopt necessary procedures to implement the state legislation. 1 Multifamily Tax Exemption - For the Riverbend Gateway site C.Chapter 84.14 RCW requires that Residential Targeted Areas be located within Urban Centers as established by the city Council. The Urban Center designation required under this section is separate and distinct from the urban center designation associated with the City's Comprehensive Plan. D.The City of Kent is a designated "Urban Growth Area" under the state's Growth Management Act. The area shown on Exhibit A, attached, is an area within the city appropriate for designation as an urban center under Chapter 84.14 RCW. E.The city has identified a specific area within this urban center that would be appropriate for selection as a "Residential Targeted Area" under that chapter because it appears to lack sufficient available, desirable, and convenient residential housing to meet the needs of the public who would likely live in this urban center, if affordable, desirable, attractive, and livable places to live were available. F.Chapter 84.14 RCW requires the city council hold a public hearing to consider the designation of the Residential Targeted Areas within the Urban Center. G.The city proposes its intent, for public consideration, to designate the Riverbend Gateway site, as a Residential Targeted Area within the Urban Center. The Riverbend Gateway site is a portion of parcel 2322049011 within the City's Riverbend Golf complex that is bordered approximately by Meeker Street to the north, the Green River to the west and south, and the Colony Park Apartments to the east, as more specifically shown in exhibit B. 2 Multifamily Tax Exemption - For the Riverbend Gateway site NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES HEREBY RESOLVE AS FOLLOWS: RESOLUTION SECTION 1. -Finding: Urban Center Designation. The area shown on Exhibit A is, for the purposes of Chapter 84.14 RCW, appropriate for designation as an Urban Center. This area provides a variety of products and services including shops, offices, hotels, restaurants, as well as the city's miniature golf course, golf driving range, golf pro shop, and snack bar. The area is served by adequate public streets, including Meeker Street, Russell Road, and SR 516, has sufficient sidewalks, particularly along Meeker Street, is generally well served by public street and sidewalk lighting, provides access to transit by bus and is located within reasonable proximity to the Sound Transit station and the proposed Kent light rail station near Highline Community College. The area is well served with sufficient public water, sewer and storm systems. Finally, the area connects to a network of urban recreational facilities, including trails along the Green River, the interurban trail, and the city's Riverbend Golf Complex. SECTION 2. -Residential Targeted Area Identified. The city council will, after holding a public hearing, determine whether the Riverbend Gateway project, identified on Exhibit B, should be designated a "Residential Targeted Area" pursuant to the process and rules established by Chapter 84.14 RCW. The city council will consider these and other factors: Multifamily Tax Exemption - For the Riverbend Gateway site A.That the area has no available, desirable, affordable, and convenient residential housing, and if housing were available, the public would be likely to live in this area. B.That the designation of this Residential Targeted Area would encourage increased residential opportunities and stimulate construction of new multifamily housing that will increase and improve residential housing opportunities in the Urban Center. SECTION 3. -Statement of Intent. At the conclusion of the public hearing and after publishing statutory notice, the city council intends to designate the Riverbend Gateway project area as a Residential Targeted Area for purposes of Chapter 84.14 RCW. SECTION 4. -Public Hearing Date Set. A public hearing to consider designation of Residential Targeted Areas for exemption from ad valorem property taxation for qualifying multifamily housing shall be held at a regular meeting of the Kent City Council at 7:00 p.m., Tuesday, December 13, 2016 in the Council Chambers of City Hall located at 220 4th Avenue South, Kent, Washington, 98032. SECTION 5. -Notice. The city clerk will give proper notice of the hearing and cause the notice to be posted as provided by state law, Chapter 84.14 RCW. SECTION 6. -Severabilitv. If any one or more section, subsection, or sentence of this resolution is held to be unconstitutional or invalid, such decision shall not affect the validity of the remaining portion of this resolution and the same shall remain in full force and effect. 4 Multifamily Tax Exemption - For the Riverbend Gateway site SECTION 7. -Corrections by city clerk. Upon approval of the city attorney, the city clerk is authorized to make necessary corrections to this resolution, including the correction of clerical errors; resolution, section, or subsection numbering; or references to other local, state, or federal laws, codes, rules, or regulations. SECTION 8. -Effective Date. This resolution shall take effect and be in force immediately upon its passage. PASSED at a regular open public meeting b�h· e city council of the city ' \ ' of Kent, Washington, this I day of h;pJQW) Y , 2016. CONCURRED in by the Mayor of the city of Kent this l 5 day of ..1-..>L>,<....::.::::::c..:: __ , 2016. ATTEST: APPROVED AS TO FORM: .�i%ikL T BRUBAKER, CITY ATTORNEY I hereby certify that this is a true and correct copy of Resolucion No. \ 9 38 passed by the City, Council of the City of Kent, Washington, thels day of bJ0-10'1tl\1t,v , 2016. JEAL) CLERK 5 Mu ifamily Tax Exemption - For the Riverbend Gateway site Exhibit A: Proposed Riverbend Gateway Urban Center Exhibit B: Residential Targeted Area Kent Reporter Public Notice