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Council designates a parcel for multifamily tax exemption, adopts code amendment to add a 12-year option
Summary
Council designated Parcel 192350000 as a residential target area for the Multifamily Tax Exemption program and adopted municipal-code amendments adding a 12-year exemption option. Votes were 5–2 for the parcel designation and 4–3 for the code amendment.
The City Council held two related public hearings Oct. 20 on the multifamily tax exemption (MFTE) program. Kristen, a city staff member, presented the ordinance to designate Parcel 192350000 as a residential target area for the MFTE program. No members of the public offered testimony during the hearing on the parcel designation. Deputy Mayor Bowman moved to adopt Ordinance 2025-13 (target-area…
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