03/15/1978 Meeting - Laserfiche WebLink

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e the core area, most of which would be fully exempt, and a portion on the south side which would be 50 percent exempt. He said also gradual increases in the basic charge will be provided for annexations since 1948 at a rate of one percent per year up to the date of annexation. Aother major area of exemption relates to city-subsidized housing as distinct from federally-subsidized. The development tax would be used as a growth management tool in the sense of subsidizing inner-city construction. Regarding financing operations, there were several different ones pro- posed ranging from complete payment at once with three-percent discount versus various types of payment including ten-year Bancrofting or a five-year option. Manager said staff was hoping a decision could be made for future action sometime in April as the construction season is commencing. He said also action on the ordinance may result in a f100~ of applications prior to Council's action. Ms. Smith expressed concern that if Council were to take action at an April meeting, it was her hope that the organizations and individuals concerned about the systems tax would have an opportunity to review the proposed changes. Manager said the materials would be ready for distribution in a few days. e Mr. Hamel understood that the Council had requested a committee be formed consisting of Council, builders, and neighborhood leaders to make changes in the systems development charge. Manager said he was not aware that a committee Wa~ to be set up. It was his understanding the matter was referred back to staff to make suggested changes. Manager also distri- buted a map to Council which showed where the building permits were issued for the Fiscal Year 1976-77, and showed the effect of the exempt district. Mr. Delay agreed with Manager's interpretation in that Council had decided to refer the matter back to staff for obvious improvements. He did not see a need for an additional pUblic hearing; however, if one were scheduled, he hoped it would be limited in scope to the refinements as the Council had already endorsed the systems development tax. Regarding the map and questions from Council, Don Gilman, Public Works, said about 13 percent of the building permits in 76-77 were in the pro- posed exempt area. Mr. Lieuallen commented it appeared the building permits were fairly uniformly distributed around the city. He ques- tioned what the building permits were for, whether for major remodeling jobs, new construction, or fencing. Mr. Gilman said it could be anything requiring a permit, including all of those mentioned. He said they represented about $80 million in new construction. e 3/15/78--7 "It