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Upon completion of the improvements provided in the contract between the applicant and the city and upon issuance of a temporary or permanent certificate of occupancy, the applicant may request a final certificate of tax exemption. The applicant must file with planning director such information as the planning director may deem necessary or useful to evaluate eligibility for the final certificate and shall include:

A. A statement of the amount of rehabilitation or construction expenditures made with respect to each multifamily housing unit and the total expenditures made in the rehabilitation or construction of the entire property;

B. A description of the completed work and a statement that the rehabilitation improvements or new construction on the owner’s property qualify the property for limited exemption under this chapter;

C. A statement that the work was completed within the required three-year period or any authorized extension;

D. If applicable, a statement that the project meets the affordable housing requirements as described in RCW 84.14.020 and as required by this chapter;

E. A housing market study, representative of current conditions, that includes the comparable rents or sales prices, as applicable, for other multifamily housing in the neighborhood market area, and the market rent or sales price for each of the MFTE units proposed to be designated under this chapter; and

F. A statement confirming that the documentation on file of the type and organizational structure of the owner, signature block for the owner, and authority of the owner representative that signed the contract is all current and accurate. (Ord. 3954-23 § 1 (Exh. 1), 2023; Ord. 3635-18 § 2, 2018. Formerly 3.78.080.)