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EDIC gives concept support for duplex tax‑exemption pilot in Roosevelt neighborhood
Summary
The committee voted to support the concept of a small duplex pilot at 1021 10th Street North and to forward any formal application to its financial reviewer (PFM). The owner said the two‑unit infill will appear single‑family from the street and include an efficiency unit in back; estimated tax savings are about $3,500 per year for five years.
The EDIC moved to support a proposed duplex pilot concept and to forward any submitted application for a formal financial review by PFM.
Jim Gilmore introduced the idea as an initial request to gauge whether the committee would consider incentives for a small‑scale infill project at 1021 10th Street North. Owner Matt Zimmerman described buying the lot and presenting a design that reads like a single‑family home from the street with a larger two‑bed/two‑bath unit up front and an efficiency unit in back. Zimmerman said his bid from BD Construction left the project short of financial viability without some assistance; if supported, the owner said he could start work this spring.
Staff and members discussed process and costs: the formal application would carry a roughly $3,000 fee to the city, and staff said the committee’s financial adviser typically charges $2,500 for small financial reviews (with higher fees for larger projects). Gilmore characterized the likely tax savings for the owner as about $3,500 per year over five years. Committee members expressed support for testing small infill projects as a way to increase density in main areas while cautioning about fee burdens and the need for a financial breakpoint test.
The committee approved a motion to support the concept as presented and to move any submitted application forward for the formal financial review; the approval was by voice vote.
Next steps: if the owner files a formal application and pays required fees, staff will send the proposal to PFM for the financial qualification test and return results to the committee.
