Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council Approves 8-Year Multifamily Tax Exemption for 15-Unit Lakewood Station Project
Summary
The council voted to approve Resolution No. 2025-02 granting an eight-year multifamily property tax exemption to 11409 Kendrick LLC for a 15-unit market-rate apartment project near the Sounder station; staff said the project meets Lakewood Municipal Code requirements and includes a parking reduction due to transit proximity.
Lakewood — The Lakewood City Council on Feb. 3 adopted Resolution No. 2025-02, conditionally approving an eight-year multifamily property tax exemption (MFE) for 11409 Kendrick LLC’s 15-unit apartment project, Lakewood Station Apartments.
Becky Newton, economic development manager, told the council the project is located within the Lakewood Station District residential target area and meets the requirements of Lakewood Municipal Code Chapter 3.64, which governs multifamily tax exemptions. “It is recommended that the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
