City Council Set September 1 for Multi-Family Property Tax Exemption Resolution OK

Mountlake Terrae City Council at its Thursday September 1 business/study session is due to discuss and vote on a resolution to designate the Mountlake Terrace Town Center sub-area for a Tax Exemption Scheme multi-family property (MFTE).

The board has discussed at previous meetings the idea of ​​offering such a tax exemption program to promoters and decided during its work/study session on August 11 to go ahead. The council must also hold a public hearing on the resolution before final approval.

The city plans to offer two MFTE programs: an eight-year program with no affordability requirement and a 12-year program offering 20% ​​units at 80% or more of the area median income (AMI).

Under the state-approved MFTE program, developers of multifamily projects can apply for a property tax exemption for eight or 12 years. The aim is to encourage development, but cities can also require, under the scheme, that developments offer housing below market prices.

In other matters on Thursday night, counsel must:

– review surplus public works vehicles

– Discussing proposed city code changes that would move all quasi-judicial decisions to a hearing examiner — typically a land use attorney with a background in land use law and legislation. A hearing review process is used by most state courts for reviewing quasi-judicial cases and is based on defined criteria, findings of fact and findings of law, notes the order of the council day.

The hybrid meeting will begin at 7 p.m. at Mountlake Terrace Town Hall, 23204 58th Ave. W., and can also be viewed virtually via Zoom on this dating link.

To listen by phone, call 1-253-215-8782 and enter the following meeting ID and passcode: Meeting ID 890 6332 0567 and passcode 090122.

You can view the full agenda here.

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