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PL -INFO -0007 (rev 08/24) <br />J <br />TEXT <br />Wftef°e Te rar s Reach, Higher' <br />Minimum investment - To be eligible for residential tax abatement, an Applicant must construct a new <br />structure or structures on the property parcel(s) identified in an Agreement between the applicant and <br />the City. <br />Limitations: <br />1. Maximum of 10 dwelling units per agreement. <br />2. All projects must be at 80% completion prior to consideration of a new infill housing agreement. <br />3. Pre -Approved building plans may be accepted. <br />4. No zoning change unless there is a substantial change in neighborhood or compatible with the future <br />land use map. <br />Iv. Incentives <br />Water/Sewer tap <br />fees <br />Page 3of7 <br />Incentive <br />Table <br />Incentives <br />Ingle -Family <br />�- .,_..W... <br />u lex _ <br />Multi -Family <br />_.��. <br />Low -Cost <br />Residential Lots <br />.�� <br />Tax Abatement <br />.... __�,,....... �-.�.._..�w,��.._.... <br />V5 -year 100% <br />3 -year 100% <br />3 -Year Decreasing <br />ear 1: 100% <br />Year 2: 75% <br />Year 3: 50% <br />Reduced Building <br />x'100% <br />%/100% for sprinkled <br />Ian Review <br />building <br />OR - <br />'0% non -sprinkled <br />uilding <br />Reduced Permit <br />100% <br />100% for sprinkled <br />25% <br />'Fees <br />uilding <br />OR - <br />50% non -sprinkled <br />wilding <br />educed rates on <br />25% <br />25% v.._.. <br />25% <br />Water/Sewer tap <br />fees <br />Page 3of7 <br />