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HomeMy WebLinkAbout5036 ORDINANCE NO. 50341 AN ORDINANCE of the City Council of the City of Bremerton, Washington, amending Chapter 3.78 of the Bremerton Municipal Code relating to exemptions from ad valorem property taxation for new multi-family housing in designated residential targeted areas of the City. WHEREAS, exemptions from ad valorem property taxes for multi-family housing encourage increased residential opportunities within designated residential targeted areas, stimulate new construction and rehabilitation of existing buildings, assist in directing future population growth and helps to achieve development densities which are more conducive to transit use in designated residential targeted areas; and WHEREAS, the proposed residential targeted area for the multi-family property tax exemption is within an urban center as defined by Chapter 84.14 RCW and as designated in the City's comprehensive plan; and WHEREAS, the proposed residential targeted area lacks sufficient available, desirable, and convenient residential housing, including affordable housing units, to meet the needs ofthe public who would be likely to live in the residential targeted area, if desirable, attractive, and livable places to live were available; and WHEREAS, the City Council of the City of Bremerton, Washington, passed Ordinance No. 4968 adopting Chapter 3.78 of the Bremerton Municipal Code establishing exemptions from ad valorem property taxation for new multi-family housing in designated residential targeted areas of the City and establishing a residential targeted area for the multi- family property tax exemption within the Downtown Core and Multiple Residential zones; and ( WHEREAS, on April 9, 2007, the State Legislature passed House Bi1l1910 amending Chapter 84.14 RCW relating to multi-family tax exemptions; and WHEREAS, the City Council desires to amend BMC 3.78 consistent with House Bill 1910; and WHEREAS, on December 6, 2007 and December 11, 2007 the public was notified by a legal advertisement in the Kitsap Sun of the opportunity to make comment and participate in the public hearing by the City Council; and WHEREAS, on December 19, 2007 the City Council conducted a public hearing and considered all testimony; NOW, THEREFORE, 1 Multi-family Property Tax Exemption - 2007 THE CITY COUNCIL OF THE CITY OF BREMERTON, WASHINGTON, DOES HEREBY ORDAIN AS FOLLOWS: SECTION 1. Chapter 3.78 of the Bremerton Municipal Code entitled "Multi- Family Property Tax Exemptions" is hereby amended to read as follows: Chapter 3.78 MULTI-FAMILY PROPERTY T AX EXEMPTION 3.78.010 PURPOSE. As provided for in Chapter 84.14 RCW, the purpose ofthis chapter is to provide limited ton (10) year exemptions from ad valorem property taxation for multi-family housing in designated residential targeted areas to: (a) Encourage increased residential opportunities, including affordable housing units, within areas of the City designated by the City Council as residential targeted areas; and/or (b) Stimulate new construction or rehabilitation of existing vacant and underutilized buildings for multi-family housing in designated residential targeted areas to increase and improve housing opportunities, including affordable housing; and (c) Assist in directing future population growth to designated residential targeted areas, thereby reducing development pressure on single-family residential neighborhoods; and (d) Achieve development densities which are more conducive to transit use in designated residential targeted areas. 3.78.020 DEFINITIONS. When used in this chapter, the following terms shall have the following meanings, unless the context indicates otherwise: (a) Affordable housinz means residential housing that is rented by a person or household whose monthly housing costs, including utilities other than telephone, do not exceed thirty percent of the household's monthly income. For the purposes of housing intended for owner occupancy, "affordable housing" means residential housing that is within the means of low or moderate-income households. (aQ) Building Codes means the City and State building and fire codes as set forth in Chapters 17.04, 18.02 and 18.03 of the Bremerton Municipal Code. (9f) City means the City of Bremerton. (eg) Department means the City Department of Community Development. (d~) Director means the Director of the Department of Community Development, or designee. (f) Hizh cost area means a county where the third quarter median house price for the previous year as reported by the Washington center for real estate research at Washington State University is equal to or greater than one hundred thirty percent of the statewide median house price published during the same time period. (g) Household means a single person, family, or unrelated persons living together. (h) Low-income household means a single person, family, or unrelated persons living together whose adiusted income is at or below eighty percent of the median family income 2 Multi-family Property Tax Exemption - 2007 adjusted for family size, for the county where the project is located, as reported by the United States department of housing and urban development. For cities located in high-cost areas, "low- income household" means a household that has an income at or below one hundred percent of the median family income adjusted for family size, for the county where the project is located. (i) Moderate-income household means a single person, family, or unrelated persons living together whose adjusted income is more than eighty percent but is at or below one hundred fifteen percent of the median family income adjusted for family size, for the county where the project is located, as reported by the United States department of housing and urban development. For cities located in high-cost areas, "moderate-income household" means a household that has an income that is more than one hundred percent, but at or below one hundred fifty percent, of the median family income adjusted for family size, for the county where the project is located. (ei) Multi-family housing means a building having ten (10) or more dwelling units not designed or used as transient accommodations and not including hotels and motels. Multifamily units may result from new construction or rehabilitated or conversion of vacant, underutilized, or substandard buildings to multifamily housing. developed for owner occupancy. Multi family housing does not include single family attached housing. Multi family housing also does not include housing that predominately offers rental accommodation or accommodation on a tmnsient basis such as apartments, hotels and motels. (fk) Multi-family property tax exemption means an exemption from ad valorem property taxation for multi-family housing. (gl) Owner means the property owner of record. (m) Permanent residential occu/Jancv means multiunit housing that provides either rental or owner occupancy on a nontransient basis. This includes owner-occupied or rental accommodation that is leased for a period of at least one month. This excludes hotels and motels that predominately offer rental accommodation on a daily or weekly basis. (hn) Rehabilitation improvements means modifications to existing structures that are vacant for twelve (12) months or longer that are made to achieve a condition of substantial compliance with existing building, fire, and zoning codes, or modification to existing occupied structures which increase the number of multi-family housing units. (iQ) Residential targeted area means the geographic area located within the areasDo'.vntovt'll Core and Multiple Residential zones as _set forth in Figure~ 3.78(a) and 3.78(b). (tQ) Substantial compliance means compliance with all local building, fire and zoning code requirements, which are typically required for rehabilitation as opposed to new construction. 3.78.030 APPLICABILITY. Multi-family housing projects in designated residential targeted areas resulting from new construction or rehabilitation or conversion of vacant, underutilized, or substandard buildings may be entitled to a limited ten year exemption from ad valorem property taxation as set forth in this chapter. 3.78.040 TERMS OF THE TAX EXEMPTION. 3 Multi-family Property Tax Exemption - 2007 (a) Duration of exemption. The value of new housing construction, conversion, and rehabilitation improvements qualifying under this chapter is exempt from ad valorem property taxation, as follows: (1) For properties for which applications for certificates of tax exemption eligibility are submitted under this chapter before July 22, 2007, the value is exempt for ten (10) successive years beginning January 1 ofthe year immediately following the calendar year of issuance of the certificate; and (2) For properties for which applications for certificates oftax exemption eligibility are submitted under this chapter on or after July 22,2007, the value is exempt: (i) For eight (8) successive years beginning January 1 st ofthe year immediately following the calendar year of issuance of the certificate; or (ii) For twelve (12) successive years beginning January 1st of the year immediately following the calendar year of issuance ofthe certificate, ifthe property otherwise qualifies for the exemption under this chapter and meets the conditions in this subsection (a)(2)(ii). For the property to qualify for the twelve-year exemption under this subsection, the applicant must commit to renting or selling at least twenty percent (20%) of the multifamily housing units as affordable housing units to low and moderate-income households, and the property must satisfy that commitment and any additional affordability and income eligibility conditions adopted by the local government under this chapter. In the case of proiects intended exclusively for owner occupancy, the minimum requirement of this subsection (a)(2)(ii) may be satisfied solely through housing affordable to moderate-income households. The '"altie of impro'v'oments qualifying under this chapter is eKempt from ad 'v'alorem property taxation for ten (10) successive years beginning J anuMY 1 st ofthe year immediately follo'i'ling the calendar year after issuance of the final certificate of tax OJcemption. (b) Limits on exemption. The exemption does not apply~ (1) to the value ofland or to the value of non housing-related improvements not qualifying under this chapter,.:. nor does the eKemption apply to increases in assessed valuation of land and non qualifying impro'v'emen-1:s. (2) In the case of rehabilitation of existing buildings, the exemption docs not include ~the value of improvements constructed prior to submission of the completed application required under this chapter. (3) This chapter docs not apply to increases in assessed valuation made by the Kitsap County Assessor on non-qualifying portions of building or other improvements and value ofland nor to increases made by lawful order of a county board of equalization, the Department of Revenue, or Kitsap County, to a class of property throughout the county or specific area of the county to achieve the uniformity of assessment or appraisal required by law. ( c) Conclusion of Exemption. At the conclusion of the ten (10) year exemption period, the new or rehabilitated housing cost shall be considered as new construction for the purposes of Chapter 84.55 RCW. 3.78.050 PROJECT ELIGIBILITY. A proposed multi-family housing project must meet the following requirements for consideration for a property tax exemption: (a) Location. The project must be located within a residential targeted area as defined in BMC 3.78.020 and as set forth in Figure~ 3.78(a) and 3.78(b). 4 Multi-family Property Tax Exemption - 2007 (b) Tenant displacement prohibited. The project must not displace existing residential tenants of structures that are proposed for redevelopment. If the property proposed to be rehabilitated is not vacant, an applicant shall provide each existing tenant housing of comparable size, quality, and price and a reasonable opportunity to relocate. (c) Non-compliance with Building Codes. Existing dwelling units proposed for rehabilitation must fail to comply with one or more standards of the applicable state or City Building Codes. (d) Size of Project. The new, converted, or rehabilitated multiple-unit housing must provide for a minimum of fifty percent (50%) of the space for permanent residential occupancy. The project, whether new, converted, or rehabilitated multiple-unit housing, must include at least ten (10) units of multi-family housing within a residential structure or as part of an urban development. In the case of existing multi-family housing that is occupied or which has not been vacant for twelve (12) months or more, the multifamily housing project must also provide for a minimum of four (4) additional multifamily units for a total project of at least ten (10) units including the four (4) additional units. Existing multi-family housing that has been vacant for twelve (12) months or more does not have to provide additional units. (e) Proposed completion date. New construction of multi-family housing and rehabilitation improvements must be completed within three (3) years from the date of approval of the application. (t) Compliance with guidelines and standards. The project must be designed to comply with the City's Comprehensive Plan, building, housing, and zoning codes, and any other applicable regulations. The project must also comply with any other standards and guidelines adopted by the City Council for the residential targeted area. 3.78.060 APPLICATION PROCEDURE. A property owner who wishes to propose a project for a tax exemption shall complete the following procedures: (a) The application provided by the City shall be filed with the Department along with the required fees as established pursuant to RCW 84.14.080. (b) A complete application shall include: (1) A completed City of Bremerton application form setting forth the grounds for the exemption. (2) Preliminary floor and site plans of the proposed project. (3) A statement acknowledging the potential tax liability when the project ceases to be eligible under this chapter. (4) An affidavit stating the occupancy record of the property for a period of twelve (12) months prior to filing the application. (5) Verification by oath or affirmation of the information submitted. (6) For rehabilitation projects, the applicant shall provide a report prepared by a registered architect identifying property noncompliance with the Building Codes. This report shall identify specific code violations and must include supporting data that satisfactorily explains and proves the presence of a violation. Supporting data must include a narrative and such graphic materials as needed to support this application. Graphic materials may include, but are not limited to, building plans, building details, and photographs. 5 Multi-family Property Tax Exemption - 2007 3.78.070 APPLICATION REVIE'V AND ISSU.A..NCE OFFOR CONDITIONAL CERTIFICATE. The Director may certify as eligible an application which is detennined to comply with the requirements of this chapter. A decision to approve or deny an application shall be made within ninety (90) calendar days of receipt of a complete application. (a) Avvlication.Af3fJrov61l. The Director may approve the application if he/she finds that: (1) A minimum often (10) new units are being constructed or in the case of occupied rehabilitation or conversion within twelve (12) months of occupancy, a minimum of four (4) additional multifamily units for a total project of at least ten (10) units including the four (4) additional multi-family units are being developed. (2) The proposed project is or will be, at the time of completion, in conformance with all applicable local plans and regulations. (3) The owner has complied with all standards and guidelines adopted by the City under this chapter. . (4) The site is located in the residential targeted area. (5) If applicable.; the proposed multiunit housing proiect meets the affordable housing requirements as described in BMC 3.78.040. (b) Avvrovalof'apvlication. If an application is approved, the applicant shall enter into a contract with the City, regarding the terms and conditions of implementation of the project, and the Director shall issue a conditional certificate of acceptance of tax exemption. The conditional certificate shall expire three (3) years from the date of approval unless an extension is granted as provided in this chapter. ( c) Denial of' avvlication. If an application is denied, the Director shall state in writing the reasons for denial and shall send notice to the applicant at the applicant's last known address within ten (10) calendar days of the denial. (d) Avveal. Per RCW 84.14.070, an applicant may appeal a denial to the City Council within thirty (30) calendar days of receipt of the denial by filing a complete appeal application and fee with the Director. The appeal before the City Council will be based on the record made before the Director. The Director's decision will be upheld unless the applicant can show that there is no substantial evidence on the record to support the Director's decision. The City Council's decision on appeal will be final. 3.78.080 EXTENSION OF CONDITIONAL CERTIFICATE. (a) Extension. The conditional certificate and time for completion of the project may be extended by the Director for a period not to exceed a total of twenty-four (24) consecutive months. To obtain an extension, the applicant must submit a written request with a fee stating the grounds for the extension. An extension may be granted if the Director detennines that: (1) The anticipated failure to complete construction or rehabilitation within the required time period is due to circumstances beyond the control of the owner; (2) The owner has been acting and could reasonably be expected to continue to act in good faith and with due diligence; and (3) All the conditions of the original contract between the applicant and the City will be satisfied upon completion of the project. 6 Multi-family Property Tax Exemption - 2007 (b) Denial ttnd-of Extension tlPfJctil. If an extension is denied, the Director shall state in writing the reason for denial and shall send notice to the applicant's last known address within ten (10) calendar days of the denial. (c) Armcal. Pursuant to RCW 84.14.090(6), an applicant may appeal the denial of an extension to the hearing examiner pursuant to Chapter 2.13 BMC within fourteen (14) calendar days of receipt of the denial by filing a complete appeal application and fee with the Director. The appeal before the hearing examiner shall be processed as a Type I Director Decision pursuant to Chapter 20.02 BMC. No appeal to the City Council is provided from the hearing examiner's decision. The applicant may appeal the hearing examiner's decision to the Kitsap County Superior Court, under RCW 34.05.510 through 34.05.598, if the appeal is filed within thirty (30) calendar days of receiving notice of that decision. 3.78.090 APPLICATION FOR FINAL CERTIFICATE. Upon completion of the improvements agreed upon in the contract between the applicant and the City and upon issuance of a certificate of occupancy, the applicant may request a final certificate of tax exemption by filing with the Director the following: (a) A statement of expenditures made with respect to each multi-family housing unit and the total expenditures made with respect to the entire property; (b) A description of the completed work and a statement of qualification for the exemption; and (c) A statement that the work was completed within the required three (3) year period or any authorized extension; and:- (d) If applicable, a statement that the proiect meets the affordable housing requirements as described in RCW 84.14.020. 3.78.100 ISSUANCE OF FINAL CERTIFICATE. Within thirty (30) calendar days of receipt of all materials required for a final certificate, the Director shall determine whether the specific improvements satisfy the requirements of the contract, application, and this chapter. (a) Granting offinal cert!ficate. If the Director determines that the project has been completed in accordance with this chapter and the contract between the applicant and the City, and has been completed within the authorized time period, the City shall, within ten (10) calendar days of the expiration of the thirty (30) day review period above, file a final certificate of tax exemption with the Kitsap County Assessor. (b) Denial ttnd-of Final Certificate appeal. The Director shall notify the applicant in writing that a final certificate will not be filed if the Director determines that: (1) The improvements were not completed within the authorized time period; (2) The improvements were not completed in accordance with the contract between the applicant and the City; or (3) The owner's property is otherwise not qualified under this chapter. (c) Appeal. Pursuant to RCW 84.14.090(6), an applicant may appeal a denial to the hearing examiner pursuant to Chapter 2.13 BMC within fourteen (14) calendar days of issuance of the denial of a final certificate by filing a complete appeal application and fee with the Director. The appeal before the hearing examiner shall be processed as a Type I Director Decision pursuant to Chapter 20.02 BMC. No appeal to the City Council is provided from the 7 Multi-family Property Tax Exemption - 2007 hearing examiner's decision. The applicant may appeal the hearing examiner's decision to the Kitsap County Superior Court, under RCW 34.05.510 through 34.05.598, if the appeal is filed within thirty (30) calendar days of receiving notice of that decision. 3.78.110 ANNUAL COMPLIANCE REVIEW. (a) Within thirty (30) calendar days after the first anniversary of the date of filing the final certificate of tax exemption and each year thereafter for a period of ten (10) )'earsfor the tax exemption period, the property owner shall be required to file a notarized declaration with the Director indicating the following: (1) A statement of occupancy and vacancy of the multi-family units during the previous twelve (12) months; (2) A certification by the owner that the property has not changed use and, if applicable, that the property has been in compliance with the affordable housing requirements as described in RCW 84.14.020 since the date of the certificate approved by the City; (3) A description of changes or improvements constructed after issuance of the certificate oftax exemption; and (4) Any information needed by the City's to file its report pursuant to subsection (b) below and any additional information requested by the City in regards to the units receiving a tax exemption. "^~ certification that the property continues to be in compliance with the contract '.'lith the City and this chapter; and (3) A description of uny subsequent impro','ements or changes to the property. (b) The City shall report annually by December 31 st of each year, beginning in 2007, to the Department of Community, Trade, and Economic Development. The report must include the following information: (1 ) The number of tax exemption certificates granted; (2) The total number and type of units produced or to be produced; (3) The number and type of units produced or to be produced meeting affordable housing requirements; (4) The actual development cost of each unit produced; (5) The total monthly rent or total sale amount of each unit produced; (6) The income of each renter household at the time of initial occupancy and the income of each initial purchaser of owner-occupied units at the time of purchase for each of the units receiving a tax exemption and a summary of these figures for the City; and (7) The value of the tax exemption for each proiect receiving a tax exemption and the total value of tax exemptions granted. (e,Q) City staffsftall-may also conduct on-site verification ofthe declaration. Failure to submit the annual declaration shall result in a review of the exemption per RCW 84.14.110. 3.78.120 CANCELLATION OF TAX EXEMPTION. If the Director determines the owner is not complying with the terms of the contract or this chapter, the tax exemption shall be canceled. This cancellation may occur in conjunction with the annual review or at any other time when noncompliance has been determined. If the owner intends to convert the multi-family housing to another use, the owner shall notify the Director and the Kitsap County Assessor in writing within sixty (60) calendar days of the change In use. 8 Multi-family Property Tax Exemption - 2007 (a) Effect of cancellation. If a tax exemption is canceled due to a change in use or other noncompliance, the following taxes and penalties will apply: (1) Additional real property tax, plus interest, shall be imposed based upon the value of the non-qualifying improvements. This additional tax is calculated based upon the difference between the property tax paid and the property tax that would have been paid if it had included the value of the non-qualifying improvements dated back to the date that the improvements were converted to a non-qualifying use. (2) A penalty shall be imposed amounting to twenty (20) percent of the value of the additional property tax plus interest. (3) The interest is calculated at the same statutory rate charged on delinquent property taxes from the dates on which the additional property tax could have been paid without penalty if the improvements had been assessed at full value without regard to this tax exemption program. (4) The additional taxes, interest and penalties will become a lien on the land and attach at the time the property or portion of the property is removed from multi-family use or the amenities no longer meet applicable requirements. The lien has priority over and must be fully paid and satisfied before a recognizance, mortgage, judgment, debt, obligation, or responsibility to or with which the land may become charged or liable. The lien may be foreclosed upon expiration of the same period after delinquency and in the same manner provided by law for foreclosure ofliens for delinquent real property taxes. An additional tax unpaid on its due date is delinquent. From the date of delinquency until paid, interest must be charged at the same rate applied by law to delinquent ad valorem property taxes. (b) Notice of cancellation and appeal. Pursuant to RCW 84.14.110(2), upon determining that a tax exemption is to be canceled, the Director shall notify the owner by mail, return receipt requested. ( c) Avveal. The property owner may appeal the determination of cancellation of the tax exemption to the hearing examiner pursuant to Chapter 2.13 BMC by filing a notice of appeal with the City Clerk within thirty (30) calendar days, specifying the factual and legal basis for the appeal. The hearing examiner will conduct a hearing under Chapter 21.02 BMC for a Process I action. An aggrieved party may appeal the hearing examiner's decision to the Kitsap County superior court under RCW 34.05.510 through 34.05.598. 3.78.130 EXPIRA1TION OF L\PPLIC.\TION PERIOD. The application period to apply for the tax exemption provided for in this ehapter expires December 31,2011, however, all rights, privileges, duties and responsibilities provided for in this chapter shall remain in effect after this date for complete and qualifying applications reeei','ed by the City on or before December 31,2011. 3.78.130 CONFLICT OF PROVISIONS. If any provision of this chapter is in legal conflict with the provisions of Chapter 84.14 RCW, the provisions of Chapter 84.14 RCW shall apply as if set forth in this chapter. SECTION 2. Severabilitv. If anyone or more sections, subsections, or sentences of this ordinance are held to be unconstitutional or invalid, such decision shall not affect the validity of the remaining portion of this ordinance and the same shall remain in full force and effect. 9 Multi-family Property Tax Exemption - 2007 SECTION 3. Effective Date. This ordinance shall take effect and be in force ten (10) days from and after its passage, approval and publication as provided by law. PASSED by the City Council the l$t:/u day of I/,..t~ ,2007 Approved this c1jti.; day of ~..Jo..(.A.) ATTEST: APPROVED AS TO FORM: ~c~t - . R ER A. LUBOVICH, City~~ p PUBLISHED the ~. day of If: ~4~J EFFECTIVE the ~ day of ORDINANCE NO. .5tJf..3t, ,2007 ,2009 R:\Legal\Legal\Ordinances\Community Development\Multi-Family Property Tax Exemption Amendments 2007.doc 10 Multi-family Property Tax Exemption - 2007 Residential Target Area --, L LJ~'-l IIF 1/1 ..l II ==I I I II ---! :::::L f= I I I ---11-- i== - Ii \ Figures 3.78(a) ~ // Residential Target Area - ,,/' " .-- ,,/ - - - I- I- -- - I- I- I__U II / WB~ - Q/ I I I ~J-- ''\. I I ~~~! ~ , "Y~.11 I I y ~ - .- - I-.. - ~~ I I I () e- I II IL- u I / I I RUfotaJAVl. I m I 1/1 ~ - I I I I I I I I ,- LJ I I Figure 3.78(b) Wheaton I Riddell Sub-Area Plan Target Area Please See Details of the Plan for Allowed Locations of Multifamily Housing _0 ( ~L 11 ,~ 7 - - I ',Jr.ka. T f- I T -l~ r- - 1 ~ 1--. I .. '.--=.~....."-'.' . .. ..~' ~.- 'v ~'''-'.~ 'r---. ~~!~ / __I-- i- I ' \'~ !~ .... 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I Lg ----.J M Cri (/) ~ ~I L~ JI) .a ~ I I-I~~ T ~ 'n ~ rrn I.JJ:J L ~ 'III"" " " ""lr.Pn'i'n~ f r--<; ~ I ~ co l2: x I i AFFIDAVIT OF PUBLICATION Account # 42742 / Ad # 219008 STATE OF WASHINGTON COUNTY OF KITSAP I, Christy Moffitt, being first duly sworn on oath, deposes and says: That she is now, and at all times embraced in the publication herein mentioned was the principal clerk of the printers and publishers of KITSAP SUN; that said newspaper has been approved as a legal newspaper by order of the Superior Court of the County of Kitsap, in which County it is published and is now and has been for more than six months prior to the date of the publication hereinafter referred to, published in the English language continually as a daily newspaper in Bremerton, Kitsap County, Washington, a weekly newspaper in Kitsap County, Washington and is now and during all of said time, was printed in an office maintained in the aforesaid place of publication of said newspaper; that the following is a true text of a legal advertisement as it was published in regular issues (and not in supplement form) of said newspaper on the following date, to wit: December 24, 2007 and that such newspaper was regularly distributed to its subscribers during all of said period. That the full amount of the fee charged for the foregoing publication is the sum of $31.86 which amount has not been paid in full. r Jr\l",,{)t t ~~-t (Signature of PrinCipal Clerk) . ~""', . Subscribed and sworn to before me this day of January 7,200 '""'\\'". . c;. j. MO.1'~ '\,~ /; ~.v'"'".. c v/: f r) I! ;\~..$I()N ~ ~ t) "" ~ /1 ~.... ~:~}:,\. -r '~'A~"p~,t () .{ .':..: -,',- ~O ',All-' 1\:(,. 1J Notary Public in and for the State of Washington, Kitsap County. --:J, f,') "-:- .0# )-: ~ \1~:I) ':', f'J{ ,';';:i)(' o~. '- ORDINANCE NO. 5036 '('9",',<,"(,,; ~ .,{!;o"c5 ~,,< ., eoL '(~ '\ /' , .' ,,::) AN ORDINANCE of the City Council of the City of Bremerton, Washington, amending Chapter 3.78 of ~~::~_ ',\'A'~\~#'::> the Bremerton Municipal Code relating to exemptions from ad valorem property taxation for new multi_'.~,,2,:,-S:<J family housing in designated residential targeted areas of the City. PASSED by the City Council the 19th day of December, 2007 The full text of this ordinance is available from the City Clerk's Office, 345 Sixth Street, Suite 600, Bremerton, W A 98337. December 24, 2007.................AD #20057709