Res 02-380 02"380
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
FEDERAL WAY, WASHINGTON, REGARDING
DESIGNATION OF A RESIDENTIAL TARGETED AREA,
ENCOMPASSING THE AREAS CURRENTLY ZONED CITY
CENTER CORE AND FRAME, FOR LIMITED TAX
EXEMPTION FOR MULTIFAMILY DEVELOPMENT.
WHEREAS, in 1995 the Washington State Legislature adopted Chapter 84.14 RCW, to
encourage increased residential opportunities in cities required to plan under the Growth
Management Act, by providing for special property tax valuations for eligible multifamily
housing in targeted urban, residential areas; and
WHEREAS, Chapter 84.14 further authorized cities with a population of at least fifty
thousand to adopt procedures to implement the special property tax valuations; and
WHEREAS, in 1998 the Federal Way City Council adopted the Federal Way
Comprehensive Plan, to implement the planning requirements of the Growth Management Act,
RCW 36.70A; and
WHEREAS, the Comprehensive Plan designates City Center Core ("CC-C") and City
Center Frame ("CC-F") areas, to "redevelop the City Center and create a compact urban
community and vibrant center of activity," with the crux of the strategy being the promotion of
"a compact urban center with connections between where we live, work and recreate,"; and
WHEREAS, the Comprehensive Plan contains goals (CCP9 and 10) encouraging the City
to "provide incentives to encourage residential development in City Center, core/frame areas",
02-380
Res. # , Page
ORIGINAL
and to "Revise land use regulations to allow the frame area to accommodate higher density
residential uses accompanied by residentially oriented retail and services uses"; and
WHEREAS, the City Council desires to consider whether to adopt a residential targeted
area in which property tax exemptions may be granted for construction of qualifying multi-
family housing; and
WHEREAS, RCW 84.14.040(2) provides that the City Council may adopt a resolution of
intention to so designate a residential targeted area, and that the resolution must state the time
and place of a hearing to be held by the City Council to consider the'designation of such an area;
and
WHEREAS, the City Council adopted a resolution of intention to designate a residential
targeted area on November 5, 2002 and set the public hearing for December 3, 2002; and
WHEREAS, the City has provided official notice of this hearing in the Federal Way
Mirror on November 16 and 20, 2002, in compliance with the requirements of RCW
84.14.040(3); and
WHEREAS, the City Council has heard and considered public comment regarding the
designation of a residentially targeted area for the purposes of applying a limited property tax
exemption for multifamily housing in the City Center Core and Frame zones at the November 6,
2001 and December 3, 2002 public hearings;
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Res. # , Page 2
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY
HEREBY RESOLVES AS FOLLOWS:
Section 1. Pursuant to RCW 84.14, the City Council designates the area of the
Federal Way City Center currently zoned City Center Core and Frame (see map, Exhibit 1) as a
residential targeted area for the purposes of limited tax exemption for new multifamily development.
Section 2. The City Council directs City staff to draft the corresponding
implementing ordinance(s) and/or procedures and present them for consideration by the Finance,
Economic Development and Regional Affairs Committee.
Section 3. Severabilitv. If any section, sentence, clause or phrase of this resolution
should be held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity
or unconstitutionality shall not affect the validity or constitutionality of any other section, sentence,
clause or phrase of this resolution.
Section 4. Ratification. Any act consistent with the authority and prior to the
effective date of the resolution is hereby ratified and affirmed.
Section 5. Effective Date.
passage by the Federal Way City Council.
RESOLVED BY THE CITY
WASHINGTON, this __ day of
This resolution shall be effective immediately upon
COUNCIL OF THE CITY OF FEDERAL WAY,
., 2002.
~OF FEDERAL WAY
MAYOR, JEANI~E BU'RBIDGE
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Res. # , Page 3
ATTEST:
CITY CLERK, N. CHRISTINE GREEN, CMC
APPROVED AS TO FORM:
CITY ATTORNEY, PATRICIA A. RICHARDSON
FILED WITH THE CITY CLERK:
PASSED BY THE CITY COUNCIL:
RESOLUTION NO. 0 2 -8 8 0
k:\reso\taxdesigreso
11/26/02
12/03/02
02-880
Res. # , Page 4
'Exhibit 1
Residential Targeted Area
N
Legend:
N Residential Targeted
Area
Map D~te: SelXemb~. 2001.
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