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HomeMy WebLinkAboutO-3226 - To Designate an Additional Targeted Area for Property Tax Exemption for the Value of New Construction of Industrial/Manufacturing FacilitiesCITY OF MARYSVILLE Marysville, Washington ORDINANCE NO. ~ 2-1.u, AN ORDINANCE OF THE CITY OF MARYSVILLE, WASHINGTON, TO DESIGNATE AN ADDITIONAL TARGETED AREA FOR PROPERTY TAX EXEMPTION FOR THE VALUE OF NEW CONSTRUCTION OF INDUSTRIAL/ MANUFACTURING FACILITIES. WHEREAS, Chapter 84.25 RCW provides for property tax exemption for the value of new construction of industrial/manufacturing facilities in targeted urban areas; and WHEREAS, the City of Marysville qualifies for this property tax exemption based on the criteria of Chapter 84.25 RCW; and WHEREAS, the City previously adopted Ordinance 3020, which designated a certain area for property tax exemption pursuant to RCW 84.25, which area is commonly known as the Marysville Cascade Industrial Center ("CIC"); and WHEREAS, a 10.18-acre parcel located on the east side of 51st Avenue NE between the 14600 and 14800 Block, identified as APN 31053400300300 and as shown in Exhibit A attached hereto (referred to herein as the "Subject Site"), was rezoned from Med ium-Density, Single-family (R-4.5) to Light Industrial (LI) on March 7, 2022 by Ordinance 3211; and WHEREAS, the Subject Site is located directly adjacent to the CIC; and WHEREAS, inclusion of the Subject Site in the CIC by additionally targeting the Subject Site for the property tax exemption contemplated by Chapter 84.25 RCW will promote new construction of industrial/manufacturing facilities that will provide employment opportunities for family living wage jobs. WHEREAS, at a public hearing on July 25, 2022 the Marysville City Council reviewed and considered staff's recommendation; and NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MARYSVILLE, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1 . The Subject Site, which is a 10.18-acre parcel located on the east side of 51st Avenue NE between the 14600 and 14800 Block, identified as APN 31053400300300 and as shown in Exhibit A attached hereto, is designated as an area where property owners can apply for and be granted a property tax exemption for the value of new construction of industrial/manufacturing facilities which qualify under Chapter 84.25 RCW and Chapter 3.104 MMC. Section 2. Severability. If any section, subsection, sentence, clause, phrase, or word of this ordinance should be held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or unconstitutionality thereof shall not affect the validity or constitutionality of any other section, subsection, sentence, clause, phrase, or word of this ordinance. Section 3 . Corrections. Upon approval by the city attorney, the city clerk or the code reviser are authorized to make necessary corrections to this ordinance, including scrivener's errors Code Amendment Industrial/Manufacturing Tax Relief Page 1 of 3 or clerical mistakes; references to other local, state, or federal laws, rules, or regulations; or numbering or referencing of ordinances or their sections and subsections. Section 4 . Effective Date. This ordinance shall become effective five days after the date of its publication by summary. PASSED by the City Council and APPROVED by the Mayor this 25-t\.-' day of __ j\.,,_u;_\_'i---1 2022. Attest: By: .~ DEPUTY CITY CLERK; G,ie.-,U/1 ev-e. ~rr Approved ~_yi: .6""_..,/ ~ By: ~ ~e:::--/ ( JON WALKER, CITY ATTORNEY Date of Publication: Effective Date: (5 days after publication) CITY OF MARYSVILLE By:~~ JOEHRING, MAYR Code Amendment Industrial/Manufacturing Tax Relief Page 2 of 3 Code Amendment Exhibit A 152ND STNE City of Marvsville EXHIBIT A Targeted Urban Area Targeted Urban Area W+E s o•--===2.::100011111 ____ 4,..ooo Feet MIID Pioneer. M.wth 2022 Industrial/Manufacturing Tax Relief Page 3 of 3