HomeMy WebLinkAbout5353ORDINANCE NO. 5353
AN ORDINANCE of the City Council of the City of
Bremerton, Washington, amending Chapter 3.78 of the Bremerton
Municipal Code entitled "Multifamily Property Tax Exemption" to
add provisions relating to affordable housing.
WHEREAS, the City desires to encourage the development of affordable housing
units in the City; and
WHEREAS, the proposed revisions to Chapter 3.78 of the Bremerton Municipal
Code entitled "Multifamily Property Tax Exemption" authorize the transfer of revenues received
in sales tax for the construction of the projects utilizing the multifamily tax exemption to the
Affordable Housing Capital Fund; NOW, THEREFORE;
THE CITY COUNCIL OF THE CITY OF BREMERTON, WASHINGTON, DOES
HEREBY ORDAIN AS FOLLOWS:
SECTION 1. The recitals set forth above are hereby adopted and incorporated as
set forth in full.
SECTION 2. Anew section, Section 3.78.105 of the Bremerton Municipal Code
entitled "Affordable Housing Capital Fund", is hereby adopted to read as follows:
3.78.105 AFFORDABLE HOUSING CAPITAL FUND
If an application for the multifamily tax exemption is approved, the project has completed
construction, and a Final Certificate of Property Tax Exemption has been issued as set forth in
Section 3.78.100 above, the Director of Financial Services, or designee, shall transfer to the
Affordable Housing Capital Fund revenues based on the anticipated sales tax received or to be
received by the City for the construction of the project. The director shall determine the value of
the sales tax revenues to be transferred to the fund based on 1) the City's portion of the current
sales tax rate for the construction, and 2) the estimated cost of construction as established in the
building permit application and other relevant information as the director deems appropriate.
Once established, the funds will be transferred to the Affordable Housing Capital Fund at the
beginning of the next fiscal year. The funds shall be used for affordable housing projects
approved by the City Council, unless the funds are otherwise allocated by the City Council.
SECTION3. Severability. If any one 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.
SECTION 4. 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.
Multifamily Property Tax Exemption -
Affordable Housing Fund 2018
PASSED by the City Council the 5 Yd day of (/�' , 2018.
ERIC YOUN R, Council President
Approved this 3Y'Ol day of 0 (,'f D ��' , 2018.
ATTEST:
W
GRE EELER, Mayor
APPROVED AS TO FORM:
RO ER�A�LUBOVIC�HCity Attorney
PUBLISHED the O`11 day of , 2018.
EFFECTIVE the I 0)-fi,, day of (i D , 2018.
ORDINANCE NO. 53-5'3
R:\Legal\Legal\Files\Current Active Files\Affordable Housing\Multifamily Property Tax Exemption Affordable Housing Fund] - 2018.doc
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Multifamily Property Tax Exemption -
Affordable Housing Fund 2018
Kitsap Sun
PROOF OF PUBLICATION
CITY OF BREMERTON
CITY OF BREMERTON
345 6th Street, Suite 100
BREMERTON, WA 98337
STATE OF WISCONSIN, COUNTY OF BROWN
I, being first duly sworn on oath, deposes and says: That I am 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 the 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
an advertisement as it was published in regular issues (and not in
supplement form) of said newspaper on the following date(s), to
wit: And on
October 9, 2018
such newspaper was regularly distributed to its subscribers
during all of said period.
f, Pi klti
Legal Clerk
Subscribed aD 6 svArolb_�efore on October 9, 2018:
Notar�,Atftt-e bf WQ-ebunty of Brown
✓`d 2mz
My commission expires
Ad#: 2134219
P.O.:
4 ol'AFfidavits: 0
ORDINANCE NO. 5352
AN ORDINANCE of the City
Council of the City of Bremer-
ton, Washington, relating to
the vacation of a portion of
the alley west of Wheaton
Way and south of East 13th
Street
ORDINANCE NO. 5353
AN ORDINANCE of the City
Council of the City of Bremer-
ton, Washington, amending
Chapter 3.78 of the Bremer-
ton Municipal Code entitled
"Multifamily Property Tax
Exemption" to add provi-
sions relating to affordable
housing
PASSED by the City Council on
the 3rd day of October, 2018.
The full text of this ordinance
is available from the City
Clerk's Office, 345 Sixth
Street, Suite 100, Bremerton,
WA 98337.
Oct. 9, 2018 AD#2134219
PUb"
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