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<br />chapters 195, 196, 197, 215 and 227, that are applicable at <br />the time the application is approved; <br />(i) In the case of multiple-unit housing subject to a low income housing <br />assistance contract with an agency or subdivision of this state or <br />the United States, <br />1 . The application for exemption was made on or before January <br />1,2012; <br />2. It is important to the community to preserve the housing as low <br />income housing and it is probable that the housing would not <br />be produced as or remain low income housing without the <br />exemption being granted; <br />U) The multiple-unit housing is not designed for, and will not be used <br />as transient accommodations; and <br />(k) Granting the application is in the public interest. In making this <br />determination, council shall consider, among other things, the <br />number of points awa/rded based on the public benefit scoring <br />system contained in the standards and guidelines. <br />(7) Unless the council makes each of the findings required by subsection (6) <br />of this section, the council shall deny the application. In addition to the <br />owner's name and address, and a legal description or the assessor's <br />property account number for the subject multiple-unit housing, the <br />resolution approving the application shall contain the above findings and <br />set forth the specific conditions of approval or exclusions therefrom and <br />specify the percentage and duration of the exemption. A resolution <br />denying an application shall set forth the specific reasons for denial. <br />(8) The city manager shall forward to the applicant a copy of the resolution <br />adopted by the council within 10 days from the date the council acts on <br />the application, and on or before April 1 following approval, shall file with <br />the county assessor a copy of the resolution approving an application. <br />(9) With respect to an application deemed approved through inaction of the <br />council under subsection (4) of this section, on or before April 1 following <br />the expiration of the 180-day period, the city manager shall file with the <br />county assessor an administrative order containing the same findings <br />and information as required to be set forth in a resolution approving an <br />application and forward a copy thereof to the applicant. <br />(10) In the case of a structure to which stories or other improvements are <br />added or a structure that is converted in whole or in part from other use <br />to dwelling units, only the increase in value attributable to the addition or <br />conversion shall be exempt from taxation. <br />(11) If the multiple-unit housing is subject to a low income rental assistance <br />contract with an agency of this state or the United States, the city may <br />extend the exemption through June 30 of the tax year during which the <br />expiration date of the contract falls. <br /> <br />2.947 <br /> <br />Multiple-Unit Housina - Termination of Approval. Review. <br />(1) After a resolution approving an application has been filed, if the city <br /> <br />Ordinance -Page 4 of 7 <br />