TO: Mayor and City Council
THROUGH: Steve Powers, City Manager
FROM: Kristin Retherford, Urban Development Director
SUBJECT:
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Fees for property tax exemption program for non-profit low-income housing
Ward(s): All Wards
Councilor(s): All Councilors
Neighborhood(s): All Neighborhoods
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ISSUE:
Shall City Council establish yearly application and inspection fees for the City’s property tax exemption program for non-profit low-income housing?
RECOMMENDATION:
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Adopt Resolution No. 2018-1 to establish yearly application and inspection fees for the City’s property tax exemption program for non-profit low-income housing.
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SUMMARY AND BACKGROUND:
Low-income housing was identified as a community need through the City’s 2017 strategic planning process. Ordinance Bill Number 29-17, which is scheduled for second reading on January 8, 2018, establishes a property tax exemption program for low-income housing nonprofit owners and will encourage low-income housing preservation and development by lowering costs for non-profit providers of low-income housing.
Applicants for either an initial exemption or annual recertification must provide documentation to support that the property is occupied by low-income persons and show how the exemption will benefit project residents. As the preservation of low-income housing is a key component of the proposed program, the property must be maintained in a safe and habitable condition.
FACTS AND FINDINGS:
The following fees are proposed to support staff costs associated with administering the new program:
Initial Exemption Fee $ 50.00
Yearly Recertification Fee $ 50.00
Annual Inspection Fee $200.00
In order to establish fees associated with the City’s property tax exemption program for low-income housing nonprofit owners it is necessary to adopt Resolution No. 2018-1.
Renee K. Frazier
Financial Services Supervisor
Attachments:
1. Resolution Number 2018-1