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Redmond opens public hearing on expanding multifamily tax exemption downtown and at Marymoor; adoption tentatively set for June 17
Summary
City staff opened a public hearing on proposed amendments to Redmond Municipal Code chapter 3.38 that would expand multifamily property tax exemption target areas downtown and at Marymoor and create a new mixed-use targeted area; supporters urged approval, at least one resident warned the map could prompt displacement.
The Redmond City Council opened a public hearing on May 6 on proposed amendments to Redmond Municipal Code chapter 3.38 (the multifamily housing property tax exemption program). Staff said the proposal would expand the residential targeted areas downtown and at Marymoor and create a new mixed-use residential targeted area.
Ian Levcourt, senior planner, told the council the hearing fulfills commitments in Resolution No. 16-02 and that the draft ordinance would be discussed again at a Committee of the Whole on June 3 with potential adoption scheduled for the June 17…
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