Ordinance No. 19667 - Laserfiche WebLink

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quested. ~5} An application which does not contain all the required informa- tion and is not accompanied by the required fee shall be returned. Any appli- cation returned for these reasons shall be deemed not to have been filed, 2.939 Low-Income Rental Housin Pro ert Tax Exem tion - Review, A royal or Denial of A lication. ~1} Upon receipt of the application and required fee, the city manager shall review the applicatian and make a written recommendation there- on tv the council in sufficient time to allow the council to act within 90 days from the date the applicatian is filed. ~2} Upon receipt of the city manager's recommendation the council shall consider the application and grant or deny the property tax exemption. The city manager shall recommend approval of an application, and the counci l shall grant the exemption upon determining satisfactory compliance with or mit~gat~on of the follaw~ng criteria: ~a} The property is offered for rent; fib} The property, or portion thereof subject to the property tax exemption, is occupied solely by law-income persons; ~c} The required rent payment reflects the full value of the property tax exemption; ~d} The housing units on the property were constructed after the effective date of sections 2.931 to 2.940 of this code; fie} The policies set forth in the Standards and Guidelines far Low-Income Rental Housing Property Tax Exemption adopted by counci 1 resolution; ~f} The proposed development is consistent with the city's housing dispersal policy; ,fig} The proposed development does not cause displacement of low-income persons unless the city and developer can reach agree- ment on provisions Ito be provided by the developer} that reflect satisfactory mitigation thereof; ~h} The proposed development does not cause destruction of historic properties has defined in section 2.403 of this code}, except: 1. Where development has proceeded according to historic property moving and demolition procedures as set forth in sec- tion 2.411 of this code, or Z. The property is granted an exception by the council; and, ~i} The proposed development is otherwise consistent with this code and adopted city regulations and policies. ~3} At the meeting at which the city manager's recommendation is considered the council shall adopt a resolution approving the applicatian and granting the property tax exemption, or adopt a resolution disapproving the application and denying the property tax exemption. ~4} A resolution approving an application shall contain:' ~a} The owner's name and address; fib} A description of the housing unit; ~c} The 1 egal description of the property or the county assessor's property account number; ordinance - 2