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The applicant shall apply to the City no later than February 1 of each calendar year, immediately preceding the first assessment year for which the exemption is requested. The applicant shall submit an application for exemption in writing on forms furnished by the City which must show:

A. The applicant's name, address, and telephone number.

B. A legal description of the property and the assessor's property account number for the site, and indication of site control.

C. A detailed description of the project, including the number, size, and type of dwelling units; dimensions of structures, parcel size, proposed lot coverage of buildings, and amount of open space; type of construction, public and private access; parking and circulation plans; landscaping; uses; and a description of the public benefit(s) which the applicant proposes to include in the project.

D. A description of the existing use of the property, including a justification for the elimination of existing sound housing or commercial uses on the property and what efforts or strategies the applicant has made to mitigate displacement impacts to existing businesses or residences, if the project is anticipated to displace any existing businesses or residents.

E. A site plan and supporting materials, drawn to a minimum scale of one inch equals 20 feet, which shows in detail the development plan of the entire project, showing streets, driveways, sidewalks, pedestrian ways, off-street parking, and loading areas, location and dimension of structures, use of land and structures, major landscaping features, and design of structures.

F. A letter from the City’s Private Development Engineering Division stating that the proposed use can be served by existing sewer and water services and/or has coordinated with the Division on all necessary infrastructure mitigation requirements.

G. A description and the monetary value of any other public assistance, including, but not limited to, grants, loans, loan guarantees, rent subsidies, fee waivers, or other tax incentives, which the property is receiving or which the applicant plans to seek.

H. A proforma that demonstrates that the proposed project including the public benefits associated with the proposed project could not financially be built “but for” the tax exemption and that absent the exemption, the project would not be financially viable. The proforma will be reviewed by a City-selected independent financial consultant.

I. At the time the application is submitted, applicants shall pay an application fee as prescribed by resolution of the Council. The City shall pay the County Assessor for each application which is an approved amount provided for in the resolution. [Ord. NS-2447, 2022]