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Council member urges fast approval of social-housing MOU so newly collected tax revenue can flow to developer
Summary
Council member Strauss told colleagues the city must approve an interlocal memorandum of understanding with the Seattle social housing authority within weeks so tax receipts from Prop 1a—collected beginning Jan. 1—can be transferred; Strauss said lawyers negotiated the agreement and urged no amendments without counsel.
Council member Strauss said the city and the Seattle social housing authority have a narrowly timed opportunity to finalize an interlocal memorandum of understanding that will govern transferring tax revenue voters authorized under Prop 1a.
"We are in a very tight window," Strauss said, explaining first collections began this month and the agreement must be in place so receipts scheduled for payout after Feb. 25 can…
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