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Council narrows MFTE expansion, removes Oak Brook RTA and adopts changes to multifamily tax exemption rules
Summary
Lakewood City Council adopted ordinance 8‑32 on June 2, amending the city’s multifamily tax exemption chapter to clarify application procedures, remove certain extension language and redraw residential target areas in the Central Business District, Springbrook and Tilikum while removing Oak Brook from consideration.
The Lakewood City Council on June 2 adopted ordinance 8‑32, revising the city's multifamily tax exemption (MFTE) program, clarifying application procedures and changing which areas qualify as Residential Target Areas (RTAs).
Planning and public works director Michael Remack told the council the ordinance before them reflected multiple options considered by the planning commission and extensive public comment. "We're looking for the city council to discuss and finalize that ordinance regarding the decision on their residential target areas," Remack said. He described three principal choices: remove the 12‑year MFTE extension entirely, clarify the MFTE application process and approve, reject or modify proposed RTA expansions in several neighborhoods.
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