HomeMy WebLinkAbout1586RESOLUTION NO. ISSfo
A RESOLUTION of the City of Kent,
Washington, regarding the designation ofResidential
Target Areas for limited property tax exemption, and
setting the public hearing to consider designation of
Residential Target Areas for June 5, 2001.
WHEREAS, due to the mandates in Chapter 84.14 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; and
WHEREAS, Chapter 84.14 RCW provides for exemption from ad
valorem property taxation for qualifYing multifamily housing located in residential target
areas within urban centers and authorizes cities to adopt necessary procedures to
implement the state legislation; and
WHEREAS, Chapter 84.14 RCW requires the City Council to hold a
public hearing to consider the designation of the residential target areas within the urban
center; and
WHEREAS, Chapter 84.14 RCW requires the City to identify specific
multifamily residential target areas; the City proposes, for public consideration, the
geographic area of downtown Kent generally bordered by Titus Street, SR-167, Willis
Street and Cloudy Street; and only including zones that permit multifamily housing;
NOW THEREFORE,
l Multifamily Tax Exemption -
For the Downtown Center
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. A public hearing to consider designation of Residential
Target 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, June 5, 2001 in the Council Chambers of City Hall located at 220 4th Avenue
South, Kent, Washington, 98032.
SECTION 1. The City Clerk shall give proper notice of the hearing and
cause the notice to be posted as provided by state law, Chapter 84.14 RCW.
PAS SED at _J regular meeting of the City Council of the City of Kent,
Washington this .f.!::. day of ~ , 2001.
,:1:-
CONCURRED in by the Mayor of the City of Kent, this _/_ day of
~ ' 2001. ": •
ATTEST:
~~ BRENDAJACOBER:ITYCiERK
I hereby certify that this is a true and correct copy of Resolution No.
/SOC:. , passed by the City Council ofthe CityofKent, Washington, on the/ ~day
of ~ ,2001.
P:\eileen\taxexerJ1Xion\resolution.doc
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~~(SEAL)
BRENDA JA ER, CITY CLERK
Multifamily Tax Exemption -;-
For the Downtown Center