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File #: RES40900    Version: 1 Name: RES - Amendment to Agreement with Ethos Development LLC
Type: Resolution Status: Adopted
File created: 12/10/2021 In control: City Council
On agenda: 1/4/2022 Final action: 1/4/2022
Title: A resolution authorizing the execution of an amendment to the original Multi-Family Housing Eight-Year Limited Property Tax Exemption Agreement with Ethos Development LLC, for the development of 188 multi-family market-rate rental housing units, located at 1402 Tacoma Avenue South, in the Downtown Regional Growth Center, to a Multi-Family Housing 12-Year Limited Property Tax Exemption, for 160 multi-family market-rate and affordable rental housing units. [Debbie Bingham, Project Manager; Jeff Robinson, Director, Community and Economic Development]
Sponsors: City Council
Attachments: 1. Resolution No. 40900, 2. City Council Action Memorandum, 3. Agreement, 4. Map, 5. Presentation
Related files: RES40487

Title

A resolution authorizing the execution of an amendment to the original

Multi-Family Housing Eight-Year Limited Property Tax Exemption Agreement

with Ethos Development LLC, for the development of 188 multi-family market-rate

rental housing units, located at 1402 Tacoma Avenue South, in the Downtown

Regional Growth Center, to a Multi-Family Housing 12-Year Limited Property

Tax Exemption, for 160 multi-family market-rate and affordable rental housing units.

[Debbie Bingham, Project Manager; Jeff Robinson, Director,
Community and Economic Development]